Top 5 DeFi coins based on market capitalization as of March 2nd, 2023:
Ethereum (ETH) - Ethereum is the second-largest cryptocurrency by market capitalization and is the most popular blockchain platform for DeFi applications. It provides the infrastructure for most DeFi projects and is used as collateral for many DeFi lending and borrowing platforms.
Uniswap (UNI) - Uniswap is a decentralized exchange (DEX) that allows users to swap tokens without intermediaries. It operates on the Ethereum blockchain and is known for its liquidity pools and automated market-making system.
Aave (AAVE) - Aave is a decentralized lending and borrowing platform that enables users to lend and borrow cryptocurrencies without intermediaries. It uses smart contracts to automate the lending and borrowing process and provides users with a wide range of lending and borrowing options.
Maker (MKR) - Maker is a decentralized lending platform that allows users to borrow the stablecoin Dai, which is pegged to the US dollar. The platform is based on the Ethereum blockchain and uses a governance token called MKR to manage the stability of the Dai stablecoin.
Chainlink (LINK) - Chainlink is a decentralized oracle network that provides reliable and secure data to smart contracts. It is used by DeFi platforms to access external data such as prices and market information in order to execute transactions on the blockchain.
Please note that the DeFi space is constantly evolving, and these rankings may change over time. NOT FINANCIAL ADVICE!!
