Decentralized finance (DeFi) refers to a number of platforms that offer “traditional” financial tools and services such as investing, borrowing, lending, trading, and insurance. It is one of the biggest trends in the blockchain industry, and in 2020, DeFi has had its biggest year yet, with the total value locked up these platforms exceeding $13b by Q4.
Top DeFi Platforms
In order to rank DeFi platforms, we have taken into account certain criteria that allow us to gauge popularity through a series of metrics such as total dollar value locked in the protocols, year of launch, and community following.
Related Articles:
- Best Bitcoin Exchanges for 2020, Rated and Reviewed
- Top Tools for Bitcoin and Altcoin Investing
- Top Bitcoin Mining Stocks
Subscribe to the Bitcoin Market Journal newsletter to discover the latest investment opportunities in digital assets, blockchain technology, and decentralized finance.
