Using blockchain technology as the foundation, the Ethereum Network publicly launched in 2015. As a result, this means that there is no central governing party nor a single-point-of-failure. Blockchain creates a decentralized global network of nodes (computers) that can mathematically verify transactions, without any need for human interaction. This is achieved through the use of blockchain technology, a type of distributed ledger technology. Furthermore, DeFi creates a global opportunity for financial services and tools, often restricted to high-net-worth individuals and enterprises. But what is DeFi?ĭeFi is a new wave of financial innovation, allowing anyone with internet access to secure transparent ownership of digital assets. Also, be sure to check out our DeFi 101 and DeFi 201 courses to get a head-start in the rapidly evolving world of DeFi! What Is DeFi?ĭecentralized finance, or DeFi, is a popular buzzword beginning to make a name for itself in mainstream media. As the number-one blockchain education suite online, Ivan on Tech Academy has courses that cover all areas of the blockchain industry. If you’re keen to learn more about decentralized finance, we highly recommend visiting Ivan on Tech Academy.

Also, this DeFi token review will include an analysis of the projects behind the DeFi tokens and the use cases that give them value. We’re going to look at how decentralized finance works and the promise it holds for the future. In this article, we’re going to provide a comprehensive overview of the top-performing DeFi tokens and projects. Furthermore, we want to look to the future and see how DeFi is set to disrupt the legacy financial system. It’s time to reflect on the progress made in the DeFi space and see just how far this industry has come in such a short time. Now, with record amounts of value locked in Ethereum-based DeFi platforms and a multitude of top-performing DeFi tokens showing incredible price action, it seems only fitting that we bring you this DeFi token review.

Decentralized Finance (DeFi) has taken the crypto world by storm over the past year, as 2020’s “Summer of DeFi” propelled many projects and tokens into the spotlight.

Top performing defi coins