Decentralized finance (DeFi) has been attacked in the past few months after the collapse of Terra and its ecosystem. The total value (TVL) locked in that ecosystem has plummeted from over $ 250 billion to about $ 72 billion. But lately, as investors buy dips, good DeFi tokens are showing a strong recovery. The best DeFi tokens to buy are:
Aave (AAVE)
Aave is the leading DeFi platform that allows people to invest and borrow in several steps. This is a popular platform available on several chains such as Ethereum, Polygon, Arbitrum, Harmony and Avalanche.
Aave has also grown to incorporate other features into its ecosystem. For example, developers have created a smart contract platform that allows people to build applications on top of it. They are even working towards Stablecoin. Aave’s total locked value (TVL) is over $ 5.58 billion.
Aave prices have more than doubled from their June lows and have been trading at their highests in over a month. It is a good investment due to its high market share and long track record in the industry.
For more information How to invest in crypto..
Uniswap (UNI)
Uniswap is another popular and excellent DeFi token to invest in the long run. It’s a pioneering automated market maker (AMM) platform that enables people to exchange, acquire, and build distributed apps. Uniswap is located in Ethereum, Polygon, Optimism, and Arbitrum. Over the past few years, we have processed over $ 1.1 trillion in transactions.
Uniswap is on a strong growth track and the network is launching a platform for building its ecosystem. The most popular apps in the ecosystem are Universe Finance, Brink Trade, Burner Wallet and Rainbow Wallet.
Uniswap’s total locked value (TVL) is over $ 5 billion, below a record high. The price of UNI tokens has risen by more than 80% in the last few days and may continue to rise.
Manufacturer (MKR)
Maker is the world’s largest DeFi platform with a total value lock (TVL) of over $ 7.7 billion. This is a well-known protocol that helps people access capital. It uses its own stablecoin known as the algorithm coin Dai. Maker is also the second largest Oracle network in the world after Chainlink.
MKR prices have risen 40% in the last few days and may continue to rise in the coming months.
