Top 5 DeFi Tokens: Review and Hacks!

3 min readJun 7, 2022

The rise of DeFi over the past year has driven much of the recent success on the Ethereum blockchain. Were it not for the emergence of the blockchain and DeFi projects, we wouldn’t have access to financial opportunities and a suite of financial applications and services. This article will introduce the top 5 DeFi tokens by market capitalisation built on top of distributed networks with no central intermediaries. Scroll down to be among the elites who know best!

Top 5 DeFi Tokens, №1: Wrapped Bitcoin

Were it not for Wrapped Tokens, we wouldn’t be able to use crypto assets on blockchains to which they are not native. This is your free pass to learn the technical info about Wrapped Tokens. Another version of Bitcoin is Wrapped Bitcoin (wBTC), which is equal to it in price and has been converted for use on the Ethereum ecosystem and DeFi platforms. It allows users to interact with Ethereum’s decentralised finance (DeFi) ecosystem and process transactions fast. Data at Coinmarketcap shows that Wrapped Bitcoin holds the first rank among DeFi tokens and is ranked #12 among all the cryptocurrency projects with a live market cap of 8,634,314,602 USD and a circulating supply of 273,802 WBTC coins.

Top 5 DeFi Tokens, №2 : Uniswap

UNI is Uniswap’s native cryptocurrency, released in September 2020. It plays a vital role in Uniswap DEX, which is one of the most popular decentralised exchanges on the Ethereum blockchain to streamline trading crypto without an intermediary. Having UNI means that you can vote on proposals that might further Uniswap’s development and improve its ecosystem. In addition, users can earn UNI tokens by staking tokens in Uniswap’s liquidity pools and earning passive incomes.

ِUNI Financial Analysis

When writing this article on Jun 06, 2022, each UNI coin is traded at $5.6 with a circulating supply of 718,949,416 UNI coins and a max. supply of 1,000,000,000 UNI coins. See if UNI is a good investment.

Top 5 DeFi Tokens, №3: Avalanche Coin

Although the innovation of blockchain diversified and provided us with so many financial services, blockchain trilemma is the main issue that comes with it. Avalanche is a platform that aims to address the blockchain trilemma of scalability, security, and decentralisation. It was launched in 2020 and described itself as one of the Ethereum blockchain’s rivals. AVAX is the native token of the Avalanche platform and is used to secure the Avalanche blockchain and pay transaction fees across the network. According to Coinmarketcap, it’s the second top DeFi token with a circulating supply of 271,402,153 AVAX coins and a max supply of 720,000,000 AVAX coins.

Top 5 DeFi Tokens, №4: Dai Coin

Dai coin or DAI is an algorithmic stablecoin based on the Ethereum blockchain, which equals 1 USD in value. It’s used as a means of lending and borrowing crypto assets directly to anyone without going through third parties, such as banks or other central institutions. Dai is not needed unless the users want to borrow against locked collateral. Imagine you want to deposit your cryptocurrency accepted as collateral, then you will have Dai, and after paying back the borrowed Dai, the locked collateral will be recovered. Its current CoinMarketCap ranking is #15, with a live market cap of $6,785,317,949 and a circulating supply of 6,781,635,815 DAI coins.

Top 5 DeFi Tokens, №5: Chainlink Coin

Even though Ethereum smart contracts aid us in automatically executing transactions and agreements without requiring the help of an intermediary authority, the main issue is how they get data for executing any agreement across the network. Were it not for the Oracles like Chainlink, we wouldn’t connect the blockchain ecosystem to external applications and interact with data outside the blockchain. Chainlink is a decentralised oracle, and LINK is an Ethereum-based ERC-20 token in the Chainlink platform and used to incentivise Chainlink node operators rather than being designed for everyday purchases and payment services. When writing this post on Jun 06, 2022, LINK is the 5th top DeFi token by market cap with a circulating supply of 467,009,550 LINK coins and a max. supply of 1,000,000,000 LINK coins.

A Word To The Wise!

Although DeFi technology is going into the mainstream and DeFi tokens have seen a sharp rise in their demands in recent years, you can’t invest in any coin or project with confidence unless you go through it and educate yourself. Keep an eye on to read the analyses of the top 1500 coins and educational articles to stay on top of your game!




Unique analysis on top crypto projects. Save countless hours trawling through the internet and make confident decisions.