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Top 6 DeFi Tokens to Look Out for the Rest of 2022 – CoinCheckup Blog

Top 6 DeFi Tokens to Look Out for the Rest of 2022 – CoinCheckup Blog

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Decentralized Finance (DeFi) has ultimately become an integral part of the cryptocurrency ecosystem. Riding on the success of 2021, when many DeFi cryptocurrencies watered the dry accounts of their investors, new projects have now emerged. Interestingly, some of these emerging cryptocurrencies have been predicted to surpass their older generation before the end of 2022.

It just doesn’t end there. The total locked value of this ecosystem worth less than a billion dollars in 2020 is not estimated to be close to $60 billion. So which projects in this cryptocurrency space should you consider stacking before the end of 2022? In this detailed article, we highlight ten of the most promising in no particular order and include reasons why you can add them to your portfolio.

1. Convex Finance (CVX)

A few years ago, this cryptocurrency was relatively unknown. However, with a stunning market cap of $370 million as of this writing, CVX has become the top choice for DeFi investors. But what exactly is Convex Finance and why should you consider owning some CVX tokens?

Convex Finance is simply a DeFi protocol that rewards the proceeds of another DeFi project, Curve Finance (CRV). So as a CVX holder, you can earn interest from CRV even though you don’t own a share of the latter. If you seem confused about how this CVX protocol works, joining the BitAlpha AI community is one way to have a group of experienced investors break down the process. Why you should consider investing is because CVX looks very undervalued right now. Investors who bought the cryptocurrency in early 2021 can attest to its incredible performance that made up to 500% pure profit.

2. Uniswap (UNI)

If you haven’t heard of Uniswap, that means you’re late to the crypto party. In 2021, the Uniswap team distributed airdrops worth at least $1,000 to its holders. During the same period, the coin skyrocketed by more than 200% in a week. Built on the Ethereum blockchain, Uniswap has its own decentralized exchange in two separate versions while offering investors access to liquidity pools.

In 2021, the UNI coin paid three times its value. With its current price well below 2021 levels, UNI is one coin that can be considered undervalued right now.

3. Curve Finance (CRV)

With a total value of $6 billion, CRV is one of the most promising DeFi tokens in 2022. Curve Finance is a unique project that allows users to exchange stablecoins on their network. In addition, Curve allows users to lock their CRV ownership while other users can take advantage of it, and service providers receive rewards for lending their assets.

CRV investors who have held from the beginning to the end of 2021 will generate more than 7x ROI. While this may not be a sufficient reason to buy, knowing that the protocol has grown sufficiently in volume provides another reason.


Aave ranks third in the DeFi market as its Total Value Locked is around $6.61 billion at the time of writing. The open source protocol, which allows users to earn interest and lend assets for a specified period of time, also runs on the Ethereum blockchain. In 2021, AAVE investors made up to 2.4 times their investment.

With a proposal for its own stablecoin in the works, AAVE has the potential to become a very profitable DeFi token before the end of 2022. In addition to this, AAVE also offers numerous benefits – with no transaction fees for regular discounts, the AAVE protocol has proven to be a project “made for people”.

5. Lido Finance (LDO)

Lido Finance is one of the best surprises on this list. In fact, its own exceptional performance does not date back to 2021, as it has performed exceptionally well since the start of 2022. According to CoinMarketCap, LDO has risen from $0.56 to as high as $2.72 in less than three months in the same year. So what is the idea behind Lido Finance?

Lido Finance offers a liquid staking solution for Etheruem. The protocol also offers this solution without a minimum deposit, as users can stake with as little chain as possible. LDO has a market capitalization of $631 billion and 312 million LDO tokens in circulation. With LDO’s performance from the first to the third quarter, there is a strong possibility that the last quarter of 2022 will bring even more profits to its holders.

6. MakerDAO (MKR)

You can call this saving the last best if you like. You’ve probably heard of MakerDAO, the DeFi protocol behind the stablecoin, DAI. Like others, MRK allows users to borrow and lend cryptocurrencies without any hassle. One solid reason why MKR can be a good buy is because of its solid coin stability. After DAI was pegged to the US dollar, there were discussions where DAI was struggling in the middle of USDT, USDC and BUSD. Fortunately, this has not happened, as DAI has maintained its dollar peg firmly. This is why its total value is more locked up than any other DeFi protocol, with a value of $8.51 billion.

MKR’s 2021 earnings yielded 3.5x returns after ending the year at $2,337. In 2022, the price dropped to $733. At the time of writing, MKR was trading at $747.51. While this level may not seem impressive, it obviously provides a buying opportunity before the next bull market resumes. So if you’ve been looking at MKR, it might be time to activate the buy button.


Now that you know some of the best DeFi buys, it’s also important not to make the mistake of mistaking this article for investment advice. For clarity, these options have been provided as a result of cryptocurrency development activity and price history. While you can potentially make a positive return on an investment, you can also lose everything.

Finally, note that the DeFi ecosystem is an important part of blockchain technology, especially as it pertains to the task of decentralization. All the projects mentioned above contribute to the achievement of the goals, and none is considered better than the other.

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