Understanding the best DeFi crypto on the market begins with understanding what DeFi actually means. DeFi, or decentralized finance, is a system that operates without centralized authority and uses blockchain to manage transactions.
Put simply, it refers to DeFi projects to watch that aim to provide traditional financial services, such as loans, savings accounts, and asset exchanges, without requiring a third-party intermediary.
Best DeFi Coins to Invest in Today: Top 9 DeFi Projects
Although the decentralized finance marketplace is now home to hundreds of projects, we found that the overall top DeFi coins are those listed below:
- Flockerz — Revolutionary DeFi coin that uses a vote-to-earn mechanism
- Pepe Unchained — DeFi coin built on a layer-2 chain, 100x faster than ETH
- CatSlap -Fair launch DeFi token with equal entry for all, eliminating skepticism about legitimacy
- Crypto All-Stars — Best DeFi meme coin that raised over $363k in less than three days thanks to its revolutionary staking protocol
- Best Wallet Token – First to use Fireblocks MPC-CMP technology
- Sponge V2 — Offers P2E gaming opportunities and high staking yields
- FreeDum Fighters – Among the best De-Fi coins, enabling participation in online debates
- Shiba Shootout — A Wild West-based DeFi coin with multiple reward options
- Uniswap – Governance DeFi token available for trading on major exchanges
A Closer Look at the Best DeFi Crypto Coins
In order to pick the top DeFi coins for your investment portfolio — you’ll need to consider the metrics surrounding:
- Current market capitalization
- Growth potential
- Past performance
- Objectives and road map targets
- DeFi token price
- Exchanges that list the token
When weighing up your options, you can also consider the most undervalued crypto assets, as these often possess the most potential for exponential growth.
Taking these core factors into account, you will find our in-depth analysis of the best DeFi projects below.
1. Flockerz
Flockerz is one of the most popular DeFi coins right now due to its unique approach to decentralization. This community-based project enables its members to participate in its ecosystem, called the FlockTopia DAO. Flockerz uses a revolutionary vote-to-earn system to put the power in the hands of its members, making it a fully decentralized project. Those participating in its governance will earn $FLOCK tokens as a reward. A greater number of tokens equals greater voting power.
This innovative approach helped Flockerz raise over $914k during its presale. The $FLOCK token has a total supply of 12 billion, which will be strategically allocated. 20% will be reserved for early birds, 25% for staking, 25% will be stored in the DAO Vault, while 20% and 10% will go towards marketing and liquidity. Early buyers can also stake their tokens for a dynamic APY, which is currently 1,842%.
The $FLOCK token currently trades at $0.0058181. However, once FlockTopia launches, this token could trade between $0.0232 and $0.0992.
2. Pepe Unchained
Pepe Unchained is the first on our defi crypto list and a meme coin that uses a Layer 2 protocol, which means that it processes transactions off-chain. That said, Pepe Unchained can be described as an upgraded version of Pepe that aims to overcome its scalability issues. How? By offering faster transactions, lower fees, and double staking rewards.
Its developers claim that the $PEPU token will be 100x faster than ETH since it will have a higher volume capacity. Its holders will also be able to see their transactions through a dedicated block explorer.
This DeFi coin has a total supply of eight billion, of which 20% will be reserved for presale, while 30% will go to staking rewards, whose current APY is 106%. Another 10% will be allocated towards project development, liquidity, and the $PEPU Layer 2 chain.
This project raised a whooping over $21 million in a short period. Its current price is $0.0112, while by the end of the year, the $PEPU token could trade between $0.016 and $0.0256.
3. Catslap
If you are looking for the best DeFi tokens, check out Catslap, which revolves around slapping Pepe and earning points. This competitive and fun concept could be gamified in the future, extending the usability of this ERC-20 token.
During the meme rally in Q3-Q4 of 2024, cat tokens have experienced significant growth, positioning themselves as major contenders in the altcoin market. Consequently, Moonvember presents a perfect opportunity to launch Catslap and the $SLAP token. In fact, the $SLAP token was already No.1 on DexTools just an hour after its launch.
The project’s 9 billion token supply is distributed among community rewards, liquidity, team, staking rewards, and development fund.
The team behind the project is assumed to be related to a few other trending and successful meme coin projects. Moreover, its partnership with Best Wallet further enhances security and credibility.
4. Crypto All-Stars
Next on our top DeFi tokens list is a unique project called Crypto All-Stars. The goal of this project is to unite all meme coin investors under one roof. In short, Crypto All-Stars aims to provide a singular hub where meme coin holders can stake their coins for rewards. This sets it apart from most of its peers in the meme coin industry.
To accomplish this goal, its developers plan to launch the first-ever multi-purpose staking protocol called the MemeVault. The MemeVault will enable users to stake popular meme coins, like SHIB and DOGE, on a singular hub to gain $STARS tokens. Investors will earn an APY, which is currently 594%, by simply holding their $STARS tokens. They’ll also be able to triple their payouts by staking their $STARS tokens.
This DeFi coin has raised over $2.5 million since its launch three days ago. Early investors can buy the $STARS token for $0.0015127 (at the time of writing).
5. Best Wallet Token
Best Wallet Token is the native token of Best Wallet’s ecosystem and one of the best DeFi projects to invest in. It provides unmatched security, given it’s the first crypto wallet to use Fireblocks MPC-CMP technology. The low transaction fees and high staking rewards are only some of its features. The project offers numerous accessible learning resources that are suitable for newcomers as well as experienced crypto enthusiasts.
The ongoing private sale is available only for the Best Wallet community, so they can enjoy exclusive benefits and low token prices, after which there will be a public presale launch. 450 million tokens, or 4.5% of the total 10 billion token supply, is reserved for the presale. The tokenomics structure shows the other tokens are allocated to marketing, product development, treasury, staking rewards, exchange liquidity, airdrops, and community rewards.
The project has a roadmap comprising four phases, each offering many milestones. It is currently in its second phase.
6. Sponge V2
Sponge V1 launched in the tough times of May 2023’s bear market. With over 13,000 holders and hitting an all-time high market cap near $100 million, it created huge gains for early investors.
This year, it upgraded to Sponge V2 with all but typical presale. To get your hands on Sponge V2, you’ve got two options: either buy and stake Sponge V1 through Sponge.vip or stake your existing Sponge V1 tokens through the same site. The more V1 tokens you stake and the longer you stake them, the more V2 tokens you’ll earn. Once the remaining Sponge V1 supply is sold, Sponge V2 claiming begins.
When you stake V1 tokens for V2, you reserve an equivalent amount of V2 tokens and earn more V2 tokens over time. But remember, once staked, V1 tokens are locked permanently.
Sponge V2 is adding more utility with a P2E game that allows users to earn tokens by playing and ranking on leaderboards.
7. FreeDum Fighters
If you’re looking for decentralized finance coins based on real-world events, opt for FreeDum Fighters. This gamified, satirical coin was created as a parody of the ongoing US presidential elections. This means that investors can vote for two mechanized political candidates – Magatron and Kamacop 9000, by locking their tokens into two reward pools. Points and airdrops will be based on the number of votes. However, a pool with more votes will have a lower APY.
FreeDum Fighters will also offer marketing events related to political milestones, which will increase its visibility and user activity. Moreover, token holders will be able to earn secret airdrops by participating in weekly debates, polls, and quizzes.
The $DUM token has a total supply of 270 billion, of which 40% will be reserved for early birds. Its starting price is set to $0.00005, while its final price will be $0.000125.
8. Uniswap
Uniswap is a decentralized cryptocurrency exchange (DEX) operating on the Ethereum blockchain. The UNI token serves as its native governance token. It plays a crucial role in platform governance, participation, and development.
UNI token holders vote on governance proposals, and a portion of the UNI token supply is allocated to a treasury that funds further development of the Uniswap exchange. UNI token holders can earn a share of the platform’s trading fees by staking tokens inside a governance contract or by being liquidity providers. Additionally, UNI holders can access perks and airdrops from other DeFi projects.
The $UNI token was released for trading in late 2020 at just under $7, reaching an all-time high of $43, showing a growth of about 500%. If you want long-term investment and one of the top DeFi coins, consider buying $UNI.
What Are DeFi Coins?
The basic definition of DeFi coins is digital currencies that serve a specific function for a project that offers decentralized financial services.
In order for these platforms to function without a centralized intermediary, transaction fees are paid for in the respective DeFi coin.
As of July 2024, CoinMarketCap notes that there are now over 800 DeFi coins active in this marketplace, and the DeFi crypto market cap is $70.28B. On the one hand, this can make it a challenge to know which DeFi coin to buy. With that said, if you’re looking to gain exposure to the broader decentralized finance industry – you could consider diversifying across dozens of different projects.
Are DeFi Coins a Good Investment?
DeFi coins could be a good investment for your portfolio if you’re looking to inject capital into a niche marketplace growing exponentially.
However, DeFi coins, like all crypto assets, are extremely volatile and oftentimes highly speculative. As such, we would suggest doing some research prior to investing in the best DeFi projects for your portfolio.
Where to Buy DeFi Coins
Where to buy DeFi crypto coins will ultimately depend on your chosen token.
For example, if you are looking to invest in upcoming DeFi coins with a small market capitalization, you might be required to do so via a decentralized exchange.
However, if you’re interested in leading DeFi coins with a large valuation and want to buy WienerAI, Pepe Unchained, or Uniswap— then you should have plenty of options at centralized platforms, which are more suited for newbies.
We treat all of our investment suggestions with extreme caution and responsibility. Our team examines 12 distinct performance indicators when evaluating any digital asset we present to our readers. Here are the most important ones:Our Methodology for Ranking and Reviewing Crypto Assets
Conclusion
The best DeFi cryptos can often present great investment opportunities. However, as with all cryptocurrencies, both old and new DeFi projects pose risks. Therefore, careful research and a measured approach are essential for anyone looking to purchase these cryptos.