🔍 Decentralized finance (DeFi) continues to push boundaries in the financial sector in 2023. Top eight DeFi projects on the radar include:
1⃣ Lido: Offering a liquid staking solution, Lido has gained a market cap of $1.72 billion with over $14 billion worth of tokens locked, paving the way for other DeFi applications.
2⃣ MakerDAO: With a unique Collateralized Debt Position (CDP) system, MakerDAO enables users to lock their crypto collateral in a smart contract and receive stablecoins. It has a market cap of $909.13 million.
3⃣ Aave: Formerly known as ETHLend, Aave is a DeFi protocol providing platforms for lenders and borrowers, with a market cap of $1.132 billion.
4⃣ Uniswap: A decentralized crypto-trading protocol, Uniswap allows users to trade hundreds of tokens and has a market cap of $4.126 billion.
5⃣ Curve Finance: As a decentralized exchange, Curve Finance offers low fees and spillage. It has accumulated a total deposit of over $3.6 billion.
6⃣ JustLend: Specifically built for the Tron blockchain, JustLend operates a decentralized lending protocol and has a total supply of over $3.85 billion.
7⃣ Convex Finance: Convex Finance provides a platform for liquidity providers and token holders, gaining attention as a unique DeFi protocol.
8⃣ Coinbase Wrapped Staked ETH (cbETH): An innovative project bringing new solutions to the DeFi space.
These projects showcase groundbreaking DeFi solutions, further challenging the traditional finance sector. 🚀🔐💰
To dive deeper, check out the complete article: https://droomdroom.com/top-defi-projects/
