If you’re looking for the best Defi coins to invest in for December, 2022, then you’ve come to the right place. DeFi coins are digital assets designed to facilitate financial transactions on decentralized networks. They offer a safe and secure way of investing your money, and there are some great options out there for those who want to get into the world of Defi coins. Let’s take a look at three of the top Defi coins that you should be keeping an eye on this December.
Aave is an open source and non-custodial protocol that allows users to borrow and lend assets using a peer-to-peer platform. It is one of the fastest growing DeFi protocols and has experienced tremendous growth since its launch in 2017. The total value locked (TVL) in Aave is currently over $11 billion USD, making it one of the largest DeFi protocols by TVL.
Uniswap is a decentralized exchange protocol that enables users to trade Ethereum tokens directly from their wallets without having to go through an intermediary or custodian like a centralized exchange would require. Uniswap offers low fees, high liquidity, and seamless trading experience for users all around the world. The total value locked in Uniswap is currently over $9 billion USD, making it another one of the largest DeFi protocols by TVL.
Compound is another open source and non-custodial protocol that allows users to borrow and lend assets using a peer-to-peer platform similar to Aave. However, Compound has been around much longer than Aave; it was founded back in 2017 when the DeFi space was still in its infancy stage. The total value locked (TVL) in Compound is currently over $7 billion USD making it one of the biggest DeFi protocols by TVL as well as being one of the most popular ones too!
These are just three of many great Defi coins out there that you can look into investing in during December 2022! Do your research before investing though; make sure that you understand how each coin works and what makes them unique from each other so that you can make an informed decision when selecting which coin(s) to invest in! Good luck!
Your Friend,
Wade
