Decentralized Finance (DeFi) has had a tough performance in 2022 as the total value locked (TVL) has crashed from over $180 billion to about $54 billion. Similarly, DeFi tokens like Uniswap, Maker, Spell Token, and SushiSwap have crashed. Here are the top blue-chip crypto tokens to invest in for the long term.

Uniswap is the biggest decentralized exchange (DEX) in the world that processes billions of dollars on a daily basis. It is a platform that makes it possible for people to buy and sell cryptocurrencies in a decentralized manner. 

Like other exchanges, Uniswap has had a difficult year as cryptocurrency prices have crashed. As a result, the daily volume of all coins it processes has crashed to more than $300 million. At its peak, the network processed coins worth billions of dollars every day.

Uniswap has seen its total value locked (TVL) crash from more than $9 billion to about $5.2 billion. The UNI has crashed by more than 85% this year. Still, there is a likelihood that the Uniswap price will rebound in the coming months. 

Maker is another blue-chip DeFi protocol in the blockchain industry. It is the biggest DeFi platform in the world with a TVL of more than $7.4 billion. At its peak, Maker had a TVL of almost $20 billion. And unlike other DeFi protocols, Maker exists in one chain; Ethereum. 

Maker is known for providing a stablecoin known as Dai. Dai is an algorithmic stablecoin that is valued at more than $6.7 billion. The stablecoin is used to make payments and as an investment where users deposit it in exchanges and earn a return.

Maker is a good blue-chip token because of its strong market share in the industry and the stability of the ecosystem.

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy MKR with eToro today Disclaimer

Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

Buy MKR with Bitpanda today

Aave is a leading platform in the decentralized finance (DeFi) industry. It is a platform that seeks to become a substitute to a bank in that it enables savings and borrowing. Users deposit their tokens and earn a return. 

It also provides a non-custodial place for people to borrow capital and pay it with interest. At the time of writing, Aave has over $8.3 billion locked in Aave across 7 networks like Ethereum, Avalanche, Polygon, and Optimism among others.

Aave is a good blue-chip DeFi crypto to invest in because of its strong market share and the fact that it is seeing strong user growth. 

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy AAVE with eToro today Disclaimer

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

Buy AAVE with Coinbase today Disclaimer

The post Top 3 blue-chip DeFi tokens to invest in for the long term appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

157 +