16 Best DeFi Coins to Buy in 2023

Decentralized finance (DeFi) is tipped to be the next big thing in the cryptocurrency and blockchain technology arenas and here we will analyze the best DeFi crypto coins on the market.

Put simply, the phenomenon refers to projects that aim to provide traditional financial services – such as loans, savings accounts, and asset exchanges, but without requiring a third-party intermediary.

In this guide, we research and analyze the best DeFi coins to buy in 2023 so that you can enter the decentralized finance space while it is still in its infancy.

Best DeFi Coins to Buy in 2023

Although the decentralized finance marketplace is now home to hundreds of projects – we found that the 16 overall best DeFi crypto coins are those listed below:

Visit the Best DeFi Crypto

To find out why we believe that the DeFi crypto list above represents the best long term crypto investments in this space – read on.

We’ll also show you how to buy cryptocurrency with low fees using the best DeFi exchange in 2023.

A Closer Look at the Best DeFi Crypto to Invest in

In order to pick the best DeFi or DEX coins (native tokens of DeFi exchanges) for your investment portfolio – you’ll need to consider metrics surrounding:

• Current market capitalization
• Growth potential
• Past performance
• Objectives and road map targets
• Token cost price
• Exchanges that list the token

When weighing up your options you should also consider the most undervalued cryptos as these often possess the most potential for exponential growth moving forward.

Taking these core factors into the account, below you will find our analysis of the top Defi coins for 2023.

1. Love Hate Inu – Overall Best DeFi Coin to Buy in 2023

There are now hundreds (if not thousands) of DeFi coins on the market – but Love Hate Inu is currently the one that’s catching investors’ attention. Put simply, Love Hate Inu is an Ethereum-based platform that uses a unique ‘Vote-to-Earn’ (V2E) setup that hasn’t been seen before in the crypto market.

Through this setup, users can vote on the platform’s polls – and earn rewards for doing so. This is a much more streamlined way of generating rewards when compared to other mechanisms like P2E and M2E. Moreover, Love Hate Inu’s team has no cap set on earnings potential, so the more polls someone enters, the more rewards they’ll earn.

As per the whitepaper, these rewards will be paid in LHINU – Love Hate Inu’s native ERC-20 token. Since LHINU is based on the Ethereum network, there’s scope for it to be integrated into thousands of dApps in the future. The development team has even hinted that LHINU could be set for metaverse integration in the coming year.

Furthermore, since users must buy and stake LHINU tokens for 30 days before participating in polls, results will be much more accurate. In turn, this will make Love Hate Inu appealing to third-party brands who wish to run sponsored polls – and could even offer exciting giveaways to users who decide to enter them.

Love Hate Inu is still in its development phase, although early investors can buy LHINU tokens through the presale. This presale is a limited-time opportunity to invest at a discount since the token price is much lower than the eventual listing price. Moreover, since the team is using a stage-based presale structure, the earlier someone invests, the lower their entry price.

Those looking to learn more about Love Hate Inu can join the official Telegram channel.

2. Fight Out – Exciting Defi Coin Offering Limitless Earning Potential

Fight Out is an exclusive Move-to-Earn fitness app and gym chain that offers unique characteristics. Its one-of-a-kind app rewards its users for completing workouts while creating their avatars in its Metaverse.

The increasing traction that the project has received from its current presale along with its advanced features can make Fight Out one of the most profitable cryptocurrency to invest in. At the time of writing, Fight Out’s native token $FGHT can be bought at a discounted price of $0.02368.

All in all, the app’s users have the potential to earn a ton of rewards by doing their daily workouts, completing fitness challenges, and other in-app challenges.

The project has also created a metaverse for its users while gamifying fitness & lifestyle. Interestingly, users can choose to create their own soulbound NFT avatars in the platform’s unique metaverse. These avatars will enhance in direct proportion to the users’ real-life fitness performance. Also, users can compete with other community members in Fight Out’s metaverse.

Fight Out has created its in-app, off-chain currency called REPS. In essence, users can receive these REPS as a reward for completing their fitness goals. Moreover, this currency enables enable users to buy products from Fight Out’s marketplace. Users can choose to buy several cosmetic NFTs for avatars, membership discounts, merchandise, and other similar products.

Investors can go through Fight Out’s whitepaper to understand the project’s features in depth.

$FGHT Tokenomics

$FGHT is Fight Out’s limited supply native token with a cap of 10 billion tokens. Of these tokens, 9.5% of them are available for purchase via the project’s presale stages.

Buyers can use the token to take part in several tournaments and leagues. Also, $FGHT can be used to unlock more game modes and other benefits. Another important use case of $FGHT is that it can be used to buy more REPS. Buyers using these tokens to purchase REPS would get an additional 25% REPS.

At the time of writing, Fight Out has had quite a successful presale while it raised over $4.4 million USDT. Once the presale ends, the token will be listed on April 5th, 2023. Buyers can join Fight Out’s telegram group to always stay updated on the project’s progress.

3. C+Charge – Upcoming Green Crypto Coin Rewarding EV Owners with Carbon Credits

C+Charge has created an innovative electric vehicle charging payments system that allows EV drivers to gain carbon credits as they power up their cars.

The project quickly gained attention from users, raising over $1.2 million USDT in a short period of time. At current levels, the $CCHG token can be bought at a discounted rate of 0.016 USDT. Eventually, CCHG will rise to a price of $0.0235 by the eighth and final presale stage.

The project has created a revolutionary system that rewards electric vehicle owners for their eco-friendly habits. By using the platform’s proprietary $CCHG tokens as a payment method for charging their cars, EV drivers can earn carbon credits. These credits and the $CCHG tokens can then be securely stored in the user’s cryptocurrency wallet for future use.

In addition to earning carbon credits, C+Charge’s app also offers useful features for EV drivers. The app allows users to track their carbon credit balance easily. It also provides real-time information, such as wait times at charging stations, transparent pricing, and other important details to help make the charging experience as seamless and efficient as possible.

The platform’s unique app also includes a geolocation feature that makes it easy for EV drivers to find the closest charging station. The app’s various features are also thoroughly explained in the project’s whitepaper, providing users with a comprehensive understanding of what is on offer.

Join the C+Charge Telegram group to learn more about the project.

4. Metropoly – NFT Marketplace Set to Revolutionize Real Estate

Real estate is one of the safest and most lucrative investments. In fact, real estate assets make up a large percentage of the portfolios of the world’s richest. Metropoly is a blockchain project that aims to open the global real estate market to the masses.

It realizes this by tokenizing real estate assets into NFTs and then making them available to retail investors for as low as $100. Using Metropoly, you can invest in a beach house in LA and cottage in London and an apartment in Dubai at the same time for less than $1000. It not only allows you to diversify your real estate investment portfolio, but also do so without banks, hidden fees, or geographic limits.

To clear your doubt, the Metropoly NFTs earn you monthly rental income and benefit from long-term value appreciation similar to a REAL real-estate owner. But without the hassles of paperwork, maintenance, and finding new tenants. Moreover, you can trade the assets in a few minutes via the marketplace. That’s a huge advantage of the platform when compared to traditional marketplaces that can take months and years for the same. Check out the Metropoly Marketplace Beta to get a first look of the product and how it functions. The beta will be updated with more features in the coming days.

While the Metropoly NFT assets are an excellent investment this year, the ongoing METRO presale offers the cheapest and most profitable entry to the project. It comes with heavy discounts in the early phases (use the bonus code Launch20 today to get an additional 20% on your purchase). The token will witness a massive price increase of up to 300% profit on the public launch. So the earlier you buy the token, the higher the returns.

The Metropoly giveaway that comes with a beautiful Burj Khalifa apartment worth 1M USD up for grabs has also expedited the presale. The apartment earns an annual rental income of around 100,000 USD. To participate in the giveaway, you need to hold $100 worth of METRO holdings.

5. RobotEra – New Metaverse Crypto Offering Exciting P2E Rewards

RobotEra is a distinctive platform that combines a virtual world with the opportunity for users to earn rewards within its ecosystem. The platform leverages the power of blockchain and digital assets to provide an engaging gaming experience for users. Players can also manage and grow their digital assets while helping to rebuild a world through RobotEra’s gameplay.

The platform has attracted significant interest among users and investors, with the project raising nearly $728,000 USDT during its ongoing presale phase 1. The project’s native token, $TARO, is expected to see a price increase, with the value rising to $0.025 USDT in the upcoming stage. Investors interested in buying the $TARO token should consider doing so soon.

RobotEra offers a unique platform that allows individuals to generate, circulate and exchange digital assets among various NFT communities. The project aims to construct a virtual universe that seamlessly integrates aspects of entertainment, social interaction, imagination, and discovery.

Not only does RobotEra’s platform allow users to navigate multiple virtual realms, but it also offers a variety of thrilling activities for players to enjoy. This can include visiting virtual theme parks, experiencing advanced virtual museums, and other engaging opportunities within the RobotEra ecosystem. The platform’s ultimate goal is to create a comprehensive and immersive user experience that appeals to a wide range of individuals.

On RobotEra, users have multiple ways to earn additional income. Players can grow their earnings by trading NFTs, staking the platform’s token, managing virtual real estate, and participating in mining activities.

$TARO Presale Performance

RobotEra’s initial presale stage has been a great success, with over 36 million tokens sold out of the target of 90 million tokens. Currently, $TARO tokens can be bought at a relatively low cost of $0.02 USDT.

Individuals looking to learn more about RobotEra’s features and capabilities can find additional information in the project’s whitepaper. They can stay updated by joining the Telegram group.

6. Swords of Blood – Best DeFi Coin in GameFi With Hack-and-Slash RPG

Swords of Blood has released an epic RPG hack-and-slash game to totally change the concept behind the GameFi and P2E sector. Swords of Blood will be the first AAA-quality, fast-paced, hack-and-slash RPG game built on the Polygon blockchain.

The game takes the concept of play-to-earn in a new direction by introducing mechanics for play-to-win and play-to-own. Instead of attracting an audience based on earning potential, Swords of Blood wants to attract mainstream audiences who are primarily playing because they enjoy the gameplay – the earning potential is an added bonus.

The game takes place in the World of Ezura, which the Dragon Betrayer overthrew after he wiped out The Bladebound Order previously tasked with protecting the world. Fortunately, a goddess revived the last of the Bladebound Order to help bring the 1000 years of darkness to an end. This is the task of the player in the game.

The MVP has already been released for Swords of Blood as it builds upon the intellectual property from Blade Bound, a Web2 game released in 2018 that was downloaded over four million times. Backed by industry heavyweights like Solana Ventures, Fundamental Labs, and Gate.io Labs, HitBox Games LLC acquired the rights to the game, with additional rights to publish it with play-to-own mechanics integrated. The team will also release a 150-hour expansion pack that team members from heavyweight titles such as Cyberpunk and Command & Conquer wrote.

The MVP allows players to embark on the campaign mode in three levels of difficulty, battle off waves of monsters in the Monster Hunt Dungeon or team up with friends to defeat evil bosses in the Boss Fortress. Alternatively, players can fight player-vs-player to earn points, climb a leaderboard, and win prizes.

The game can boast in-depth battle mechanics, immersive graphics, and an intuitive design that helps players remain engaged. The end goal for Swords of Blood is to become a community-centric MMORPG game with a wide plethora of multiplayer features.

Swords of Blood is set to undergo an IDO for its native token, $SWDTKN. The native token will be the game’s main rewards and transaction method, with players also using the token to trade commodities, charters, and skins on the marketplace. The token is required by players to advance through the game and get past hero levels. It also allows players to participate in special tournaments and acquire season battle passes.

Overall, Swords of Blood is ready to elevate the entire GameFi space with its AAA-quality hack-and-slash adventure, designed to attract a wave of non-crypto natives into the Web3 sector.

7. Securedverse – A P2E Project That is Community-Driven

DeFi is showing a lot of activity right now, and one of the niches that have the most activity is P2E. This new sector is brimming with potential and has the potential to become the next big thing.

The P2E market has seen numerous high-performing altcoins, many of which are projects that operate in the play-to-earn sector. This area is experiencing substantial attention and growth, but there is still a lot of untapped potential, presenting significant growth opportunities for game development teams.

Securedverse is among the P2E ventures, and it is a First Person Shooter (FPS) game featuring simple controls, yet intense combat. The game is being developed by Portsea Games, a company renowned for creating VR games with a variety of features.

Securedverse offers players competitive battles where they can demonstrate their skills and passion and earn SVC rewards. A leaderboard system is in place to help users earn SVC, which incentivizes them to continue playing the game. Furthermore, various game modes will be available in the future, allowing players to earn SVC through less competitive means.

The Securedverse team has additional features planned for the game, including staking of the SVC token in the future. In the later stages of development, the team will also develop VR features that are expected to appeal to a broad range of users.

Securedverse is currently in the midst of its presale, where investors have the opportunity to acquire SVC tokens at the lowest price point available in the first stage. During this phase, each SVC token is priced at 0.0143 USDT, while the subsequent stage will increase the price to 0.0186 USDT. There are a total of 273 million SVC tokens up for grabs.

Looking ahead, the team has ambitious plans for Securedverse, with several exciting developments in store. The first half of 2023 will focus on the presale and the game will launch after the presale. Following these initial phases, the team will prioritize the addition of new maps, heroes, and game modes to enhance the overall player experience. In later stages, the team intends to introduce a staking feature, a UI/UX update, and special events to maintain player engagement.

8. Meta Masters Guild – New Defi Crypto to Earn Industry-leading P2E Rewards

Meta Masters Guild (MMG) aims to revolutionize the world of crypto gaming by providing players with the opportunity to earn real-world money through in-game activities.

The Meta Masters Guild (MMG) has introduced a system that rewards players with “Gems,” the in-game currency within MMG, which can be converted into the platform’s native token, $MEMAG. These tokens can be invested in the game’s ecosystem or cashed out as real-world money. This innovative incentive motivates players to invest their time and resources into the game, fostering its expansion and prosperity.

MMG is committed to delivering a gaming experience that is both user-friendly and easy to access. To achieve this, the platform simplifies the game development process and removes complex web 3.0 jargon. This approach makes the games easy to understand and enjoyable for a wide range of players, which is vital for the platform’s long-term growth.

MMG offers players a range of games through which they can earn Gems, a valuable in-game currency that can be used for various purposes. Players can use their Gems to buy exclusive in-game NFTs, exchange them for other digital currencies, convert them to $MEMAG tokens, and receive other incentives.

MMG’s digital marketplace allows players to acquire one-of-a-kind, playable NFTs. The game can be linked to the player’s digital wallet, allowing the player to use the NFTs in the games.

Additionally, the project offers players the chance to earn NFTs, tokens, and other rewards through participation and engagement in the project’s online community.

MMG works closely with various game developers to expand its presence in the gaming industry. As a result, the platform has invited game developers to create games utilizing the $MEMAG native token. Investors interested in gaining a more thorough understanding of the platform’s capabilities can refer to MMG’s litepaper for more information.

Recently, Meta Masters Guild completed its presale, raising $4.97 million. Investors can join the project’s Telegram group to stay on top of the latest updates.

9. Tamadoge – Top Rated DeFi Coin and Exciting Ecosystem

It’s not often that investors find a coin such as Tamadoge, offering great utility and enabling investors to earn rewards. Decentralized finance has made peer-to-peer transactions possible without a third party, but Tamadoge has enabled users to also play games and earn crypto.

To participate, users need to buy NFTs in the Tamaverse so that they can feed their virtual pets and help them develop. Players who have cared for their pets the most and raised them will be ranked the highest on the leaderboard and receive the highest rewards. The rewards are Tamadoge coins, but players can sell them for other currencies.

The game’s developers have several big plans to develop this game. One development is integrating it into the Metaverse land and introducing an app to augment reality. This is an ERC-20 token for a reason, so Tamadoge’s developers were able to add it to centralized exchanges.

TAMA pumped nearly 2,000% from its early presale price following its IEO and looks set for more gains in the coming weeks and months.

A key distinguishing feature of this coin is that the developers are burning 5% of all tokens spent on its platform. That means its 2 billion supply will diminish, making the coins harder to find. That should impact the coin’s price positively because of higher demand.

The project recently sold out its first 100 ultra-rare NFT pets on OpenSea – raising more than 250ETH with the collection trending on the marketplace.

Another 21,000 Tamadoge NFTs pets will be released in the coming weeks, while developers revealed tantalizing screenshots of the Enter the Tamadoge arcade game.

With more exchange listings also expected soon, TAMA has plenty of room to grow.

10. Battle Infinity – High-Rated DeFi Coin

Analyzing Battle Infinity’s IBAT token and comparing it to other DeFi coins showed us immediately that this coin is a top pick. The developers combined the virtual world with gaming elements to create six platforms for users to earn while they play. Players can explore the Metaverse while building teams and interacting with each other.

The Battle Arena provides players a platform to compete by using VR headsets and have their own unique avatar and add clothing and other items by collecting the items at the Battle Market. Players can also earn through Battle Stake by competing against other players to earn the most rewards. Active players are also rewarded from the global staking pool, which collects transaction fees and distributes them to IBAT holders.

IBAT is a BEP-20 protocol running on the Binance Smart Chain network and used for monetizing land and advertising on billboards within the ecosystem. By holding the coin, players make the platform more efficient and enjoy a better gaming experience.

With demand for IBAT through the roof, the presale sold out in just 24 days before pumping more than 700% from the presale price.

It has since retraced but now looks undervalued and should make gains once its wider ecosystem goes into full development.

Players can also stay up to date with alerts via the Telegram group. The platform’s tremendous potential should make investors take note and act accordingly.

11. DeFi Coin – Popular DeFi Coin to Buy in 2023

Leading the way when it comes to the best DeFi crypto to buy is DeFi Coin. As the name implies, DeFi Coin is a cryptocurrency token that is firmly ingrained within the ever-growing decentralized finance (DeFi) sector. The token is native to the new DeFi Swap decentralized exchange (DEX), which offers valuable swapping, staking, and yield farming services. DeFi Swap also has some of the best DeFi interest rates for those who hold DEFC tokens.

Although DeFi Swap has been in development for months, the team behind the exchange finally gave the go-ahead to launch in early May, which prompted the DeFi Coin (DEFC) price to surge by over 300%. Although DEFC is the native token for the exchange, it also has several other exciting use cases, including ‘static rewards’ for holders.

These rewards are made possible through a 10% tax levied whenever someone buys or sells DeFi Coin. From the collected amount, 50% is distributed back to DEFC holders as a reward. The other 50% is placed back into DeFi Swap’s liquidity pools, helping boost liquidity automatically.

The team behind DeFi Coin also burned all of their tokens at launch, highlighting that this isn’t a ‘get rich quick’ scheme, which has been the case with certain other projects. Given these characteristics, DeFi Coin has already garnered significant attention on social media, with the token now available to purchase through the leading cryptocurrency exchange, BitMart.

The DeFi Coin team has numerous plans in the works, such as DeFi Swap V2, which will feature technical analysis, webinars, news, and more. A DeFi Swap app is also set to be released later this year, which will be filled with educational content. Combine these exciting plans with the growing numbers in the DeFi Coins Telegram group, and it’s clear to see why DEFC is one of the best DeFi coins to consider adding to your portfolio.

If you’re looking to buy DeFi Coin today, you can do so by either picking the best DeFi app or by following the four quick steps presented below:

• Step 1 – Set Up a Crypto Wallet: Set up a crypto wallet compatible with the Binance Smart Chain (BSC), such as MetaMask.
• Step 2 – Buy BNB: Purchase some Binance Coin (BNB) from a licensed broker or exchange.
• Step 3 – Connect Wallet to DeFi Swap: Head to the DeFi Swap homepage, click ‘Connect to a Wallet’, and follow the instructions to link your wallet.
• Step 4 – Buy DeFi Coin: Opt to swap from BNB to DEFC, enter the amount you’d like to exchange, and confirm the transaction.

12. Lucky Block – Exciting DeFi Coin with Rewards

The Lucky Block project – which was first founded in late 2021, is an innovative crypto and NFT competitions platform. The Lucky Block ecosystem stands out from conventional types of prize draws – insofar that all its gaming outcomes are decentralized and more transparent.

In order to offer a decentralized platform, Lucky Block games are executed by a smart contract. If you’re familiar with how smart contracts work, then you will know that the underlying code is both immutable and free from manipulation.

Therefore, Lucky Block players can be sure that all gaming outcomes are random and legitimate. Moreover, as Lucky Block operates on top of the Binance Smart Chain, this means that players from all over the world can access its games.

In terms of how to invest in this top-rated DeFi coin, the Lucky Block token initially held its pre-sale launch in January 2022 – whereby it raised the crypto-equivalent of $5 million. At the end of the same month, the Lucky Block V1 token launched to the public via Pancakeswap – where it has since become one of the best-performing digital assets of the year.

To illustrate this point, Lucky Block was priced at just $0.00015 during its initial pre-sale campaign. Since then, CoinMarketCap notes that the project has hit highs of $0.00961 per token. As such, this represents gains of over 6,000% in just over a month of trading.

The project has since launched its V2 token on LBank and MEXC – eliminating the 12% transaction fee to 0%. The price rocketed up 400% after the MEXC listing in mid-August and is expected to surge again after it reaches Gate.io – the fifth-largest crypto exchange – on September 1.

Ultimately, in buying Lucky Block today – you can still get in on this project super-early.

13. Uniswap – Top Decentralized Exchange With Leading DeFi Coin 

Next up on our list of the best Defi crypto to watch in 2023 is Uniswap. This project represents the true definition of decentralized finance, insofar that it is home to an innovative exchange platform that allows traders to swap tokens on a peer-to-peer basis. In other words, in buying and selling crypto assets via Uniswap, no centralized party is required.

This is in stark contrast to the industry norm, which is dominated by large centralized crypto exchanges such as Binance, FTX, and Coinbase. All of which sit between buyers and sellers – making huge commissions along the way. In the case of Uniswap, the exchange doesn’t utilize traditional order books to match market participants.

Instead, the platform is home to an automated market maker – or AMM, model. In its most simple form, Uniswap’s AMM will set token prices based on a wide variety of variables – such as volume, demand, and market capitalization. This allows for a smooth and burden-free way of trading cryptocurrencies in a decentralized manner.

In terms of its native Defi coin – UNI, the project is a top 30 digital asset by market capitalization. When the token was first launched on public exchanges in 2020, you would have paid in the region of $7. Year-to-date 2022, UNI has hit highs of over $17. This represents a growth of over 140%. With that said, investors will be looking for a return to the $40+ region that UNI hit in 2021.

Cryptoassets are a highly volatile unregulated investment product. 

14. Terra – Leading Defi Coin That Continues to Outperform the Market 

Update – LUNA crashed 99% in May 2022. Read more about why Luna dropped.

There is no denying that the broader cryptocurrency markets – especially that of Defi coins, have largely been bearish moving into 2022. With that being said, there appears to be no stopping the value of Terra – which continues to perform extremely well. For those unaware, Terra is a decentralized finance project that specializes in algorithmic stablecoins. It’s native token is LUNA.

Unlike most stablecoins in the market, Terra doesn’t just focus on major fiat currencies such as the US dollar or euro. On the contrary, the Terra protocol covers a full range of other national currencies – including but not limited to the South Korean won, Japanese yen, and Chinese yuan.

In fact, Terra even supports the SDR (Special Drawing Rights) – which is the currency backed by the International Monetary Fund. In terms of its performance, – Terra was priced at just $1.30 per token when it was launched on public exchanges in 2019 – as per CoinMarketCap. Fast forward to early 2022 and the same Defi coin is priced at over $90.

This means that in less than three years of trading, Terra has increased in value by over 6,800%. In more recent times, Terra was trading at just $44 in the four weeks prior to writing this guide – meaning that the value of the project has more than doubled in just one month alone. And as such, Terra has since become a top-10 cryptocurrency for market capitalization.

For a more detailed breakdown on how to buy Terra Luna today, you can also read our in-depth guide.

Cryptoassets are a highly volatile unregulated investment product. 

15. Decentraland – Invest in the MetaVerse via the MANA Token 

Looking for the best MetaVerse coin in 2023? The MetaVerse is expected to become extremely popular in the coming years, with the likes of Facebook even rebranding its NASDAQ-listed company name to Meta Platforms. And as such, if you’re looking to invest in this growing concept early, you can do so by purchasing some MANA tokens – which is the native digital asset of Decentraland.

In its most basic form, Decentraland is a project built on top of the Ethereum blockchain that offers a virtual gaming world that can be accessed by all. One of the most innovative things about Decentraland is that users can buy virtual land and subsequently build digital real estate.

This real estate – alongside a full suite of other in-game items, can then be sold on the open marketplace. This business model has already achieved a proof-of-concept for several reasons. First and foremost, some real estate plots sold via the Decentralized platform have raised in excess of a million dollars.

Second, the MANA token – which is the native currency used for all purchases and sales made via the Decentraland platform, is now a multi-billion dollar project. In terms of performance, MANA was worth a mere $0.025 back in 2018. In mid-2021, the crypto asset hit highs of almost $6. And as such, this represents significant growth of nearly 24,000%. Did you know that Decentraland is one of the best web 3.0 coins to buy moving into 2022?

Cryptoassets are a highly volatile unregulated investment product. 

16. Yearn.finance – Defi Services via Decentralized Lending Agreements  

The next project to consider from our list of the best Defi coins for 2023 is Yearn.finance. This project specializes in decentralized financial services – which as of writing, focuses on peer-to-peer style loans. By this, we mean that Yearn.finance forms a bridge between borrowers and lenders without requiring a centralized middleman.

This is made possible through smart contract technology – whereby everyday consumers can use Yearn.finance to borrow capital without needing to go through a credit check process. These loans are funded by investors that wish to earn a yield of their idle cryptocurrency holdings.

And in doing so, investors will earn an attractive rate of return. Yearn.finance also allows investors to provide liquidity for trading pairs, which, again, provides an APY that far outweighs anything offered by traditional banks and financial institutions. In terms of investing in the Yearn.finance project – you can do so by purchasing its Defi coin – YFI.

CoinMarketCap notes that YFI was first launched on public exchanges back in July 2020 at an initial price of $907. Since then, the YFI token has hit highs of over $93,000. This translates into gains of over 10,000%. Another major benefit of this Defi coin is that at just over 36,000 tokens – the total supply of this digital asset is extremely limited.

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. For example, we mentioned in our analysis of the best Defi crypto for 2023 that the likes of Yearn.finance and AAVE each offer a decentralized lending facility that does not require a third-party middleman. Another such DeFi project is MakerDAO.

In order for these platforms to function without a centralized intermediary, transaction fees are paid for in the respective Defi coin – the YFI and Aave token. Similarly, Uniswap and SushiSwap both offer decentralized trading services, whereby buyers and sellers can exchange tokens on a peer-to-peer basis. Once again, the respective Defi coin of these projects fuels the platform.

As of early 2022, CoinMarketCap notes that there are now over 500 Defi coins active in this marketplace, including 1inch tokens. 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.

Another new DeFi coin worth mentioning is SafeMoon. Its market cap has already reached $312,507,033.02 according to CoinMarketCap.com. For more details you can also read our SafeMoon Price Prediction page now.

Are Defi Coins a Good Investment?    

Defi coins could be a good investment for your portfolio if you’re looking to inject some capital into a niche marketplace that is growing at an exponential pace.

However, Defi coins – like all crypto assets, are extremely volatile and oftentimes – highly speculative. And as such, we would suggest doing some research prior to investing in the best Defi projects for your portfolio.

To start, you might consider some of the key points outlined below:

Growth of the Defi Coin Investment Scene    

Before we get to core fundamental research data, we should start by exploring just how quickly the broader Defi coin investment scene has grown.

• Many of the Defi coins that we have discussed today were launched as recently as 2020 – which shows just how new this marketplace is.
• However, according to CoinMarketCap as of writing, the total valuation of all the 500+ Defi coins active in this space now exceeds $137 billion.
• At first glance, this might sound like a significant amount of capital.
• However, when you consider that as of writing the entire cryptocurrency arena carries a market capitalization of nearly $2 trillion, Defi coins still represent a relatively small segment of the broader sector.

Taking this into account, it could be argued that the Defi coin scene is still massively undervalued.

And, should you wish to diversify across multiple Defi coin projects, you can do so with ease at SEC-regulated broker eToro – not least because you only need to meet a $10 minimum on each trade that you place.

Some of the Best-Performing Crypto Assets are Defi Coins     

If you’re looking to invest in the best Defi coins in the market because you are looking to target above-average gains – you will be pleased to know that this niche segment of the cryptocurrency scene has generated some phenomenal returns in recent years.

For example:

• Let’s suppose that you had invested $5,000 into Yearn.finance when the digital asset was first launched in July 2020.
• In doing so, you would have paid approximately $907 per token.
• Had you held onto your Yearn.finance investment until mid-2021 – you would have been able to cash out at over $93,000 per token.
• And, in doing so, your original investment of $5,000 would have been worth over $500,000.

In another example:

• Let’s say that you were aware of the MetaVerse phenomenon back in 2018 and so you decided to invest $5,000 into Decentraland
• In doing so, you would have paid just $0.025 per token.
• And, if you held on until mid-2021 when Decentraland hit nearly $6 per token – that’s an increase of almost 24,000%
• Therefore, your original investment of $5,000 would have been worth over $1.2 million

Of course, not all Defi coins have witnessed such significant price increases. As such, there is no guarantee that your chosen Defi coins will perform in the way as the likes of Yearn.finance or Decentraland.

This is why it’s so important to conduct your own research prior to investing and diversifying across several Defi projects.

The Fundamentals of Defi     

Now that we have covered the technical performance of the Defi coin industry, we can now take a look at the fundamentals. After all, if you are looking to invest in the broader Defi industry, it’s a good idea to understand why this marketplace appears to be so attractive for early adopters.

So, in a nutshell, the main concept of Defi is to take traditional financial services away from centralized operators – such as banks. That is to say, in the near future, we could see everyday consumers obtaining loans from Defi platforms – which are subsequently funded by investors.

This peer-to-peer model can be extended to a whole range of financial services – such as brokerage transactions, insurance, and more. And, if decentralized finance does reach its full potential, then the best Defi crypto discussed on this page only stand to benefit in the long run.

Plenty of Low-Cap Entry Points    

Another great benefit of investing in decentralized finance is that many of the best Defi coins in the market carry a small valuation.

This means that the upside potential on offer is going to be a lot more attractive when compared to projects that already have a large market capitalization.

For example, according to CoinMarketCap, of the 500+ Defi coins listed on the platform – less than 20. have a market capitalization of over $1 billion.

Defi Crypto Price

The market price of Defi crypto coins functions the very same way as any other digital asset. That is to say, market prices are determined by demand and supply.

For instance, when Decentraland went from a price of $0.025 to nearly $6 in the space of just four years, this is because buying pressure significantly outweighed sell orders.

If you’re wondering how to keep tabs on Defi crypto prices, then you might consider using the data aggregation platform CoinMarketCap.

Alternatively, if you end up buying Defi coins through a user-friendly platform like eToro, you can simply head over to your portfolio to assess how your investments are performing in real-time.

Where to Buy Defi Coins

In terms of where to buy Defi crypto coins, this will ultimately depend on your chosen token.

For example, if you are looking to invest in upcoming Defi coins that carry a small market capitalization, then you might be required to invest via a decentralized exchange.

However, if you’re interested in leading Defi coins with a large valuation – such as Bitcoin Cash, Uniswap, AAVE, or SushiSwap – then you should have plenty of options at centralized platforms – which are more suited for newbies.

As per our market research, we found that eToro is the overall best place to buy Defi coins – and here’s why:

eToro – Overall Best Place to Defi Coins in 2023

eToro was founded in 2007 and is now used by 20 million traders of all skill sets. The platform is regulated by the SEC and registered with FINRA. Additional regulation comes from bodies in the UK, Australia, and Cyprus. As such, you can invest in the best Defi crypto of your choosing in a secure manner. In terms of supported Defi coins, most of the projects discussed today are available to buy at eToro.

This includes everything from Ethereum Classic, Litecoin, Zcash, and AAVE to Tron, SushiSwap, and The Graph. Regardless of which Defi coins you decide to buy, eToro only charges the spread – which is the gap between bid/ask prices. Moreover, you can deposit US dollars into your eToro via a debit or credit card, e-wallet, or bank wire without paying any fees. The minimum deposit and Defi coin investment stands at just $10.

Another option you have at eToro should you be unable to pick the best Defi crypto coins for your portfolio is to invest in a CryptoPortfolio. In a nutshell, this offers a pre-made, diversified basket of digital currencies that are weighted based on market performance, valuation, and other core variables. Most importantly, CryptoPortfolios are managed by the eToro team, so you can invest in the broader Defi space in a passive way.

Another passive investment tool available at eToro is the Copy Trading feature. Instead of investing money into a pre-made portfolio, this tool will see you inject capital into a successful trader that uses the eToro platform. We also like eToro for its access to other asset classes – which includes thousands of stocks and ETFs that can be traded commission-free. eToro can be accessed online or via the iOS/Android crypto app – and verified accounts take just minutes to open.

Cryptoassets are a highly volatile unregulated investment product. 

How to Buy Defi Coins

If you’re wondering how to buy Defi coins today – the specific process will depend on which exchange the platform is listed on.

The sections below show users how to buy $LHINU– our recommended best DeFi coin to invest in 2023. To participate in the $LHINU presale, you must follow a few simple steps:

Step 1: Get a wallet

Obtain a suitable cryptocurrency wallet, such as MetaMask or TrustWallet. These wallets can be downloaded and installed by visiting their official websites.

Step 2: Connecting the Wallet

Connect your wallet by creating a new account, visiting the $LHINU presale page, and clicking the “Connect Wallet” button. Once connected, you will have the ability to choose between MetaMask or TrustWallet.

Step 3: Funding the Wallet

Ensure that your wallet has sufficient balance before completing your purchase. On the presale page, multiple funding options will be available for you to select from, such as ETH or USDT. You can buy ETH/USDT from other cryptocurrency exchanges and transfer them to your wallet.

Step 4: Confirmation

Once your wallet is funded, you can select “Buy LHINU with ETH” or “Buy LHINU with USDT” and enter the number of tokens you wish to acquire in exchange for ETH/USDT.

Step 5: Claim $LHINU

Finally, after reviewing the gas fees, authorize the transaction. Following the conclusion of the presale, you will be able to claim your tokens from the platform’s official claim page.

Visit Love Hate Inu Presale

Cryptoassets are a highly volatile unregulated investment product.

How to Buy Defi Coins on eToro

If you’re also interested in buying a selection of other popular Defi coins – SEC-regulated broker eToro allows you to invest in cryptocurrency in less than five minutes. In using this broker, you’ll need just $10 to invest in the best Defi crypto coins.

Step 1: Open eToro Crypto Account

First, visit the eToro website and open an account. You will need to enter some personal information – such as your:

• Name
• Date of Birth
• Residential Address
• Cell Phone Number
• Email

Next, upload a copy of your passport or driver’s license to instantly verify your eToro account.

Step 2: Deposit Funds From $10 

To buy the best Defi crypto coins at eToro, deposit a minimum of $10.

Some of the payment methods supported by eToro include:

• Debit Cards
• Credit Cards
• Paypal
• Neteller
• ACH
• Domestic Bank Wire
• Trustly

Best of all, eToro charges no transaction fees of USD deposits – or withdrawals.

Step 3: Search for Defi Coin 

Next, you can use the search box at the top of the page to find your chosen Defi coin.

In our example above, we are looking to buy Decentraland.

Step 4: Buy Defi Coin 

To finalize your Defi coin investment, you need to enter your total stake in the ‘Amount’ box. To recap, this can be any amount of $10.

Once you click on the ‘Open Trade’ button, eToro will execute your order.

Best Defi Crypto Wallet

You will need to obtain a top-rated Defi coin wallet after you complete your investment – which will ensure that your tokens remain safe at all times.

If, however, you decided to buy Lucky Block and you followed our tutorial, then you will already have a safe storage facility in the form of Trust Wallet.

Moreover, if you bought Defi coins from SEC-regulated broker eToro – the provider offers a secure crypto wallet called the eToro Money Crypto Wallet. This means that there is no requirement to download a third-party wallet to keep your Defi coins safe.

Conclusion

In summary, a number of Defi coins have performed extremely well in recent years – with the likes of Decentraland, RobotEra Yearn.finance, and Cosmos all generating gains in the thousands of percentage points since launching.

However, for us, $LHINU ranks as the best new DeFi project and coin to invest in. This vote-to-earn cryptocurrency has listed its native token, LHINU, on presale. Users can purchase LHINU tokens at a large discount, relative to the eventual listing price.

Frequently Asked Questions on Defi Coins