Best DeFi Crypto Projects for Investment in 2021

Best DeFi Crypto Projects for Investment in 2021

DeFi Investment
May 5, 2021 by J.D. Smith
19
In the world of crypto, the DeFi movements are evolving with better strength over time. The new projects of DeFi launched in 2021 have turned real-world finances on the horizon. Almost more than $51 billion locked in DeFi at the start of April 2021. Due to the continuously coming up of DeFi projects, traders are
crypto watch daily defi

In the world of crypto, the DeFi movements are evolving with better strength over time. The new projects of DeFi launched in 2021 have turned real-world finances on the horizon. Almost more than $51 billion locked in DeFi at the start of April 2021. Due to the continuously coming up of DeFi projects, traders are confused in deciding where to invest. 

In this blog, we will enlist the top 20 crypto projects of DeFi for investment in 2021. 

What is DeFi?

DeFi is an abbreviated form of decentralized finance. It is a movement that works for the implementation of decentralized networks and open software to achieve a transparent system having centralized finances. Such systems have no need for any authority figure.

1.       Aave (AAVE)

Aave is an Ethereum-built DeFi crypto project whose total value locked by April 2021 is almost $6 billion. This decentralized platform introduced flash loans and P2P loans. Its main accommodate crypto coins are stable coins, ETH, and some ERC-20 tokens. 

2.                Alpha Finance

Alpha Finance is a crypto DeFi project that works to maximize returns by minimizing risks. Its first two products were Alpha lending and Alpha Homora. The total locked value of this project is over $954 million. 

3.                Bancor Network (BNT)

Bancor Network is a popular DeFi project for converting crypto tokens directly and instantaneously. It manages smart contracts by facilitating tokens’ on-chain conversion. The main token is BNT with a total locked value of $1.9 billion. 

4.                Bounce Token (AUCTION)

This useful crypto DeFi platform operates swap pools and unlocks potential open finances. It offers the provision of its Bounce tokens along with a new one named Auction from Huobi Global. 

5.                Injective Protocol

The injective platform is a worldwide DeFi project developed for decentralized cross-chain trading. This 2-layers structure having high network congestion and gas fee offers you Huobi Global and Binance for exchanges.

6.               1Inch Exchange 

1inch exchange connects many decentralized exchanges with a locked value of $266 million. This project aims to seek the best crypto currency prices. You can find its governance token 1INCH from exchanges of FTX. 

7.                1Kyber Network

1Kyber Network is a blockchain-based liquidity protocol DeFi crypto project. By securing a token, network users can easily access a liquidity pool of decentralized applications. Its total locked value is almost $25 million.

8.               Nexus Mutual

This DeFi project is an insurance protocol established to deal with issues like maximizing protections and smart contract vulnerability. Nexus’s total locked value by April 2021 is $342 million.