DeFi platforms eliminate intermediaries and any centralized authority making this trading faster and cheaper.
1. Terra LUNA
Terra’s aim is using both fiat currencies and crypto tokens to deliver a quick remittance system. It is said that Terra have joined together with LUNA, an e-commerce platform to make its token. LUNA is currently trading at nearly US$46 apiece.
2. Uniswap UNI
A provider of decentralized trading services to crypto afficionados, DeFi tokens can be traded on its automated platform. The platform also helps in maintaining liquidity in the crypto market. The governance token of Uniswap is UNI. Governance tokens give power in the hands of users to control how the entire infrastructure is designed. UNI is trading at nearly US$25.
3. Avalanche AVAX
A competitor to Ethereum's in the smart contracts space, Avalanche boasts three blockchains to deliver distinct functions. AVAX is the native token. Avalanche is said to be more easily scalable than rival blockchains, including the most popular Bitcoin. AVAX is trading at nearly US$62.
4. Tezos XTZ
Tezos blockchain requires users to stake their holding before they can undertake governance. XTZ acts as the native currency and is used for staking purposes. Familiar with HardForks? They are basically used to upgrade the infrastructure of some of the blockchains. In Tezos, it is claimed that upgrades can be carried out without a hard fork. XTZ is trading at nearly US$7.6
5. FanTom FTM
Protocols are used by most of the blockchains proof of work or stake. In Fantom's DeFi, a unique bespoke consensus underpins all transactions. It claims to have reached the transaction speed of less than two seconds. FTM is the native crypto of its blockchain. FTM is trading at nearly US$2.1.
6. Maker MKR
This is a unique blockchain because it facilitates issuance of a separate stablecoin, DAI. The native token of Maker protocol is MKR, that can empower the holder to make changes to the platform's infrastructure. This is also one of the first in the worlds of DeFi. MKR is trading at nearly US$2,470.
7. ThorChain RUNE
It allows crypto exchange on its blockchain-powered DeFi platform without users having to lose full custody. The DeFi platform is strange in the sense that no info exists about its founders. The platform is strange in the sense that no info exists about its founders. RUNE is the native token, and the platform is said to be giving out all the profits to RUNE holders. RUNE is trading at nearly US$8.8.
8. Serum SRM
In order for it to help improve the efficiency of crypto trading activities. It claims to be a decentralized exchange with fully on-chain order book. SRM is the native token of Serum, and it provides voting rights to its holders. SRM is trading at nearly US$7.9
9. PancakeSwap CAKE
PancakeSwap uses Binance Smart Chain to provide crypto exchange services to its users. Also, it allows its users to swap BEP20 tokens. The native token, CAKE, is used to reward users of the platform. cAKE is trading at nearly US$19.4.
10. ChainLink LINK
Blockchains can use Chainlink’s network to join forces with off-chain events and feeds. It also claims to facilitate off-chain data integration. Smart contracts form the basis of the network. LINK is the native token and was issued through an initial coin offering (ICO)back in 2017. LINK is trading at nearly US$26.4.
