DeFi tokens can generally be divided into the following 4 core categories:
1. Decentralized exchanges
Uniswap ($UNI )
Curve (CRV)
PancakeSwap (CAKE)

2. Decentralized lending protocol tokens:
Aave ($AAVE )
Maker / Sky (MKR)
Compound (COMP)

3. Derivatives and perpetual contract protocol tokens
Synthetix (SNX)
GMX (GMX)
Hyperliquid ($HYPE )

4. Liquid staking and yield aggregator tokens
Lido (LDO)
Pendle (PENDLE)
Yearn.finance (YFI)

DeFi is a form of blockchain-based finance that serves the same purpose as traditional finance. It relies on smart contracts to settle transactions fairly and uses smart contracts on the blockchain and a public, decentralized ledger to make banking services accessible to everyone. It has attracted a new generation of consumers, and the industry is growing at an astonishing pace.

Which type of DeFi would you invest in?