Best DeFi projects to invest in for 2024
The total value locked (TVL) in the decentralized finance (DeFi) ecosystem recently surpassed $50 billion, considering multiple projects . Notably, this has made DeFi more valuable than countries’ economies like Uganda regarding their GDP. At this point, the cryptocurrency market seems to be preparing for a bull market and an altseason in 2024. In this context, Finbold picked three DeFi projects to invest in for the next year. Essentially, we looked at key metrics from DefiLlama on December 14. Some are the total value locked, the ratio between market cap and TVL (MCap/TVL), and generated fees and revenue. In particular, Maker (MKR), Aave (AAVE), and Uniswap (UNI) stand out among the other protocols as solid DeFi projects . Best DeFi protocols by total value locked. Source: DefiLlama Best DeFi projects: Maker Protocol (MKR) Cryptocurrency Top 3 DeFi projects to buy right now Cryptocurrency Solana joins DeFi’s top 5 with $1 billion total value l...