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Top 3 DeFi Projects Worth Considering in 2022

DeFi

thenewscrypto.com 05 April 2022 11:36, UTC
  
Reading time: ~2 m

  • As the market’s largest DEX, Uniswap’s DeFi capabilities are clear.
  • Bancor is a decentralized autonomous organization owned by its community.

In 2022, these are the top three DeFi projects worth your consideration.

Bancor (BNT)

Bancor provides complete protection against impermanent losses, unlike any decentralized staking mechanism. It now makes millions in monthly fees for depositors by giving up to 60% APR on tokens like ETH, WBTC, LINK, MATIC, AAVE, and others. Bancor is a decentralized autonomous organization owned by its community. The “Bancor Network Token” (BNT) is the protocol token used on the network.

According to CoinMarketCap, the Bancor price today is $2.76 USD with a 24-hour trading volume of $24,554,982 USD. Bancor is down 0.39% in the last 24 hours.

Uniswap (UNI)

As the market’s largest DEX, Uniswap’s DeFi capabilities are clear. Its ongoing development may now confirm the same. Last week, an analytics tool for the crypto market stated that Uniswap had been the most developed project on Github in the previous month. Its growth activity was about three times more than that of Solana. As the world’s largest decentralized exchange (DEX), Uniswap may be able to justify ongoing development despite the lack of new features in its ecosystem.

According to CoinMarketCap, the Uniswap price today is $11.64 USD with a 24-hour trading volume of $294,063,150 USD. Uniswap has been down 2.23% in the last 24 hours.

Safuu (SAFUU)

Terming itself as the fastest auto-compounding system in the crypto sector, Safuu Protocol rewards Safuu Token owners every 15 minutes or 96 times per day. The automatic token burn mechanism “The Fire Pit” is one of the most interesting elements of the Safuu Protocol because it keeps the circulating supply under control and prevents it from spiraling out of control. Only 2.5% of the Safuu Token market’s sales go to the Fire Pit.

According to CoinMarketCap, the Safuu price today is $138.27 USD, with a 24-hour trading volume of $2,843,712 USD. Safuu has been down 10.19% in the last 24 hours.


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