Best Performing DeFi Tokens in 2020

[MUGNIA]

Without a doubt, decentralized finance (DeFi) has been the primary driver of crypto market momentum in 2020. Granted, bitcoin (BTC) made 200 per cent during the year and ethereum (ETH) over 380 per cent, but some of the DeFi-related tokens have surpassed those gains with monumental moon shots of their own.

Many of today’s DeFi-related coins did not exist at the beginning of the year as the scene has resembled a microcosmic explosion of new protocols and tokens all within a six-month period. Many of those tokens have resembled the pump and dump patterns that 2017’s altcoins went through, but some have performed solidly, and this article will highlight those high flying assets.

Early days of DeFi
There were not many DeFi-related tokens trading at the beginning of 2020, just a fraction of what had flooded the markets by the end of the year. Every new protocol needed its own governance token and they were mined like crazy by “degenerate farmers,” or degens as they became known, seeking a quick buck.

Naturally, the whales and insiders got considerably richer off this farming frenzy while the smaller retail traders seeking short term gains generally got burnt fingers. Investing into a new project just hours too late often resulted in a painful exit as those insiders made off with the loot, dumping the newly distributed tokens back onto the market.

more : https://beincrypto.com/best-performing-defi-tokens-in-2020/

do you agree with this article if DEfi is already performing well in 2020 ?

[Nikawe]

Maker Dao
Save
Compound
Uni
Wrapped bitcoin
Chain link
Synthetix
UMA
Yfi
Keeper
Sushi
Dai
Dia

[EAA-ALLAH]

25 December according to the coinmarketcap Rankings the best defi projects are mentioned below.
Chain link
Wrapped bitcoin
Dai
Aave
Uniswap
Synthetix
Yearns finance
Compound
Maker
Uma

Source: CMC (screen shot 25 December)

[Coin63@]

Recently wrapped bitcoin already involved in hacking but I never believe in temporarily hyped market. I am believing only established projects in coinmarketcap. Chainlink and makerdao my the best performing DeFI projects in 2020 .

[ttcsalam]

Maker Dao
Save
Compound
Uni
Wrapped bitcoin
Chain link
Synthetix
UMA
Yfi
Keeper
Sushi
Dai
Dia

Towards the end of the year, but throughout the year, these tokens were on the rise and in the list of most traded. And at the same time held the rise of the market.

[hair]

Yeah. DeFi's performance this year is indeed very good, I hope it will improve in 2021..Maybe NFT will be booming

[MrSpasybo]

In my opinion, there are 3 most outstanding DeFi projects in 2020:
1. YFI - the leader of the entire DeFi market, is thriving and continuously merging other DeFi projects to form a fully functional platform;
2. UNI - token of the largest DEX, confirms the position of DEX in the crypto market;
3. WBTC - a big initiative, making BTC become a more flexible asset, able to participate in new projects of the market.

[Hometown]

In cryptocurrencies market we 2020 is the special year because after 2017  we had two big scamming year 2018&2019 . But 2020 broken all scamming situation and gives us the highest ath. So I performed the best defi project in only two platforms, chainlink and uniswap token

[Casual]

The DeFi platform is new in cryptocurrency. It is unthinkable that its popularity will increase so much by 2020. 2020 will be a memorable year in the history of cryptocurrency. DeFi project has some tokens which are some of the most popular are chain link, YFI, yearn finance, UNISwap.

[Duckenth]

I think Polkadot, Chainlik, Wbtc are the best performing Coins from the DeFi project in 2020. The coins have a pretty good price increase, and they also have a high market cap volume.

[Pluto25]

Some coinmarket cap listed decentralised finance projects are Very good in price and suitable for investment. Polkadot, chainlink, comp, yfi, kava, uni, sushi, makerdao, and aave .

[XM8]

I think best DeFi tokens in 2020 is
Makerdao
Comp
YFI
Uniswap
DEX
Is platform of DeFi token in 2020.

[wawan96]

yes, Defi makes a difference at this time it is proven that the market has improved so much that now the development of Defi is so fast and able to withstand a long time of the number of investors who have entered making Defi one of the most important things because the growth is so fast and the success rate on the Defi platform is getting better. It is what will make it appear that it could be much better staking is what interests most.

[nomenclatur]

All of the data shows that Defi is currently so strong and growing much faster, no wonder if one day Defi becomes the main investment place and makes Defi tokens more useful, trade and investment will be much higher and make Defi have high investor confidence and that difference has been seen until recently.

[Criminal]

I don't see nothing DeFi projects in the year of 2020. I think this is very sad for all cryptocurrency lovers. But resently. DeFi has relish some of good project. I hope this project was successful project. Because recently projects community has very strong.