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According to market capitalization, Chainlink, DAI, Uniswap, Aave, Yearn.finance, and Compound are the popular DeFi tokens in the market now. They have been outperforming the growth of cryptocurrencies.
- Chainlink is a widely used oracle network for connecting universally smart contracts and price feeds. It plays a huge role in connecting off-chain data feeds like commodities and crypto price data. Its price has risen by more than 200% this year.
- DAI is a stablecoin created by MakerDAO. It is price stable decentralized currency. The user has complete access to his funds stored in the digital wallet with no minimum requirements and no restrictions on withdrawals.
- Uniswap is a decentralized protocol for automated liquidity provision on the Ethereum network. It mainly competes with the leading centralized exchanges in the market and also offers different stablecoin trading pairs. An unlimited number of ERC20 tokens can also be swapped by the users.
- Aave is an open-source liquidity market protocol where users earn interest on their deposits and can also borrow different assets. It has a market cap of $227.26 million.
- Yearn.finance offers different products to grow a user’s portfolio through borrowing, insurance, and yield farming. It has recently collaborated with Pickle Finance for selling stablecoins with reward gauges to farmers.
- Compound acts as an autonomous interest rate protocol and offers safe custody of crypto assets, institutional-grade portfolio management, tax calculation, cryptocurrency accounting, and tax filing. It is financially supported by Coinbase.
- Websites like blockchain.com can be used for buying the above-mentioned DeFi tokens. Fast trading is assured along with withdrawals in fiat currency, institutional liquidity, and 24x7 technical support in numerous languages.
Blockchain App Factory is a pioneer in Decentralized finance development. They are skilled in DeFi token development which will boost the growth of decentralized applications. This will help firms to gain a huge trading volume and attract the mainstream economy.
