15 Best DeFi Coins to Buy in 2023
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Over the past couple of years, the decentralized finance (DeFi) sector has absolutely exploded, leaving many earlier investors very happy. While finding the best DeFi cryptos can be a difficult task, it doesn't have to be.
Throughout this guide, we'll be reviewing 15 of the best DeFi coins to buy, explaining whether or not DeFi cryptocurrencies make for good investments, and taking an in-depth look at perhaps the top exchange to buy the best DeFi coins in 2023. Let's get started.
15 Best DeFi Coins to Invest in 2023
We've included a brief summary of the best DeFi cryptos to invest in right now, with more detailed reviews of each project located slightly further down the page.
- Meta Masters Guild - Overall Best Web3 Gaming Crypto to Watch Now
- Fight Out - Best DeFi Coin to Invest with Purchase Bonuses of up to 50%
- Metropoly - Bringing Fractional Real Estate Investment to the World
- C+Charge - Newly Launched Coin Offered in Exciting Presale
- Calvaria - A DeFi Coin Like No Other
- Tamadoge - Top DeFi Meme token to Invest In 2023
- Battle Infinity - Powerful DeFi Ecosystem with P2E Elements
- Chainlink - Leading Provider of Oracle Solutions
- XRP - Project Aiming to Decentralize Currency Conversion
- Tezos - Easily Upgradable Ethereum Competitor
- Avalanche - Low-Cost Layer-1 Blockchain
- Maker - DAO Behind Leading Stablecoin
- Loopring - Advanced Ethereum Layer-2 Scaling Solution
- Uniswap - Decentralized Exchange and DeFi Platform
- Compound - Popular Lending and Borrowing Platform
Analyzing the Best DeFi Tokens & Projects
We've included a broad range of the best DeFi investments in order to provide budding investors with ample choice. Each of the projects we're taking a look at shows plenty of promise and boast strong fundamentals to support their inclusion on our list.
1.Meta Masters Guild (MEMAG) - Overall Best Web3 Gaming Crypto to Watch Now
Meta Masters Guild is the world’s first mobile-based Web3 gaming guild. This ecosystem leverages blockchain technology to offer exciting cryptocurrency metaverse platforms and NFT games. MEMAG, the native cryptocurrency, is currently available to buy on presale.
According to the Meta Masters Guild litepaper, this platform aims to be a play-and-earn ecosystem. Meta Masters Guild does not want users to join the platform just because of the monetary aspect. The platform is working with top Web3 gaming developers to ensure that they offer exciting gameplay options.
Currently, three projects are being developed by Meta Masters Guild. The first is Meta Kart Racers, a Player v Player mobile-based racing game. Users can purchase their own karts and racers from the Meta Masters Guild online store and compete in in-game tournaments. Rewards are offered as GEMS, the in-game currency.
The whitepaper states that Meta Kart Racers will release its alpha version by Q2 2023. Another upcoming game is NFT Raid, an NFT-based fantasy fighting game. Players can stand a chance to win in-game NFTs by competing against other warrior classes and leveling up. Finally, Meta Masters Guild is developing Meta Masters World, a metaverse platform.
This will be an open-world platform where all the in-game items and characters will be minted as NFTs. Meta Masters Guild will also open a marketplace for the metaverse to support the buying and selling of in-game NFTs.
MEMAG has a total token supply of 1 billion, 35% of which has been set aside for a seven-round presale. Currently, MEMAG is available to buy at round three for $0.013 per token. The price of MEMAG will rise by nearly 77% to $0.023 by the end of the presale. Since the start of this presale, Meta Masters Guild has raised more than $1.25 million.
|Presale Stage||Price||Amount of Tokens||Raise Value|
Join the Meta Masters Guild Telegram channel to stay updated with this cryptocurrency DeFi project.
2. Fight Out - Best DeFi Coin to Invest with Purchase Bonuses of up to 50%
Fight Out is a next-gen move-to-earn platform that rewards users for completing workouts and other fitness-related movements.
Considering the project's impressive early presale performance and unique solutions, Fight Out could become one of the best crypto presale projects.
Currently, Fight Out’s native token $FGHT can be bought at a discounted price of $0.01677, but by the time the presale ends, tokens will have increased to $0.0333.
Early investors are also able to take advantage of up to 50% in bonuses during the first presale round (which is now 50% complete) depending on how many FGHT tokens they purchase and how long they choose to lock their tokens for.
Fight Out has created a fitness app that rewards users for completing their workouts and in-app challenges and also has ambitious plans to build real-world, Web3-integrated gyms in key locations around the world.
Fight Out has gamified fitness in an exclusive way by creating a metaverse for its users, with their digital fitness profile represented by NFT avatars.
These soulbound avatars correspond and mark improvements to match the users’ real-life fitness improvements, with Fight Out building the profile based on smart technology that takes into account movement, key effort indicators, sleep and nutrition.
As a result, users can also compete with other community members in the project’s metaverse to earn rewards.
To incentivize users, Fight Out has developed its in-app, off-chain currency called REPS. Users are rewarded in the form of REPS for completing their daily workouts and fitness-related movements.
Also, users can choose to buy products from Fight Out’s marketplace using the in-app currency. They can purchase cosmetic NFTs, membership discounts, merchandise, and other exciting products.
Investors can also see Fight Out’s whitepaper to better understand the project’s features in a detailed manner.
Fight out’s ($FGHT) native token supply is limited to 10 billion tokens - out of this, 90% of tokens are available for purchase in its presale stages and the remaining 10% for exchange liquidity.
Buyers can use the $FGHT token to be a part of exclusive tournaments and leagues, unlock newer game modes, and so on. Moreover, the tokens can be used to purchase more REPS as well. In this case, buyers using $FGHT to buy REPS would get an additional 25% REPS.
Within just a few weeks of its presale launch the project witnessed an exceptional response, raising more than $3.3 million.
To consistently stay updated, investors can join Fight Out’s telegram group.
|Presale Started||December 14|
|Purchase Methods||ETH, USDT, Transak|
3. Metropoly - Bringing Fractional Real Estate Investment to the World
There are lots of good DeFi projects out there, but few really tackle the real estate market. This is a pity, as real estate is due for a financial revolution.
Metropoly is a revolutionary platform that aims to bring real estate investment opportunities to everyone. The platform operates through the use of the METRO token, a utility token built on the ERC-20 standard that enables payments, rewards, and powers all of Metropoly's functions.
The platform has the potential to change the face of the real estate industry by making it more accessible to the masses. Traditional real estate investments have become expensive, but Metropoly's introduction of fractional ownership and NFTs is set to make real estate investment more affordable.
Investing in real estate with Metropoly is a quick and simple process that can be done in as little as 20 seconds. The NFT marketplace makes it possible to invest in real estate with ease, a process that used to take months through traditional investment methods. NFT holders on Metropoly will not only receive passive income based on their fractional ownership, but they will also have the power to vote on property sales. All NFTs are fully backed by real-world properties.
With economic uncertainty in the world, investing in real estate through Metropoly presents a fantastic opportunity to diversify one's portfolio and protect against inflation. Younger generations can finally take advantage of the real estate market and potentially receive passive income through rental properties.
Metropoly offers many benefits as a blockchain-based real estate investment platform, including the ease of investment from the comfort of one's own home, the potential for passive income through rental properties, and the ability to purchase properties from anywhere in the world.
The METRO token presale is currently underway and has already raised over $300,000. Investors can purchase the token using USDT, ETH, or BNB, with a minimum investment of $100 and the price of 1 METRO token set at $0.05. Those who invest in the presale will become Platinum Members, receiving exclusive benefits such as early access to the Metropoly Beta and a Metropoly NFT, along with real estate NFTs worth $10,000 and cashback on rental income based on their investment level. The earlier one invests, the greater the rewards one receives.
4. C+Charge - Newly Launched Coin Offered in Exciting Presale
C+Charge is a pioneering ecosystem, rewarding electric vehicle (EV) drivers with carbon credits for charging their vehicles.
The platform is building a peer-to-peer platform and mobile, enabling drivers to use its native token $CCHG as payment for charging their cars as well as accessing vital information that makes EV ownership more efficient and convenient.
$CCHG is currently on presale and available at $0.013 during stage 1. However, the token's price increases through four presale rounds and by the fourth and final stage, $CCHG tokens will cost $0.0235 - by 80% in value.
C+Charge has allocated 40% of the 1 billion tokens to the presale and those who don't partake in the presale will have access only to 8% of the total tokens when the coin lists on exchanges.
|Phase||Price||% of presale tokens||Number of Tokens||$ Value|
|TOTAL||80% increase||100%||400,000,000||$6.6 million|
This ecosystem offers an app featuring a crypto wallet, which stores $CCHG tokens and keeps track of carbon credits drivers earn after charging their vehicles. Carbon credits are permits which allow a holder to offset their carbon footprint by funding eco-friendly projects.
The app also enables drivers to locate the nearest charging station and see the prices and wait times.
C+Charge's efforts to democratize carbon credits will help increase the adoption of EVs. Operators of charging stations can also receive real-time data from each station and perform diagnostic tests to manage their fleet.
The best time to buy $FGHT tokens is now while they're on presale because only 8% of the tokens are allocated to exchange liquidity.
|Presale Started||December 16|
|Purchase Methods||BNB, USDT, Transak|
5. Calvaria - A DeFi Coin Like No Other
There are few P2E games in the market that manage to offer additional DeFi features. Such projects could be huge hits and it’s a shame there aren’t more of them. One notable project doing this is Calvaria, which recently concluded its presale.
Calvaria is a new Play-to-Earn card game that seeks to merge the real world and crypto. The game is designed to be fun, accessible, and sustainable, with a tokenomics model that rewards players for their participation. The game takes place in the afterlife and challenges players to upgrade their cards and participate in battles.
One of the key aspects of Calvaria is its comprehensive approach, which includes a staking system, a DAO, a marketplace for NFTs and other assets, mini-games, and a scholarship system. The team is committed to involving the community in the game's governance, giving players a voice in the game's direction.
Calvaria is available on PC and mobile platforms, making it accessible to a wider audience, including those without prior experience with crypto. The game has both Free-to-Play and Play-to-Earn versions, which makes it more user-friendly and eliminates the need for players to buy assets or install wallets.
Calvaria is built on the Polygon Network, which offers a high level of performance and low transaction fees, making it an ideal choice for a blockchain-based game. The RIA token has a total supply of 1 billion, with another token called eRIA also available. The project recently completed its presale, selling all the tokens and raising over $3 million.
While the game is still in its early stages of development and not yet fully accessible, two mini-games are currently available, and the NFT battleground game is expected to launch soon. The P2E version of the game will feature NFTs that will be periodically released and can be sold on platforms like OpenSea and Rarible. The team is focused on launching the token on popular exchanges, expanding the game, and marketing it effectively. It has already formed partnerships with KuCoin, Gotbit, Gate.io, and XT.com, among others, and has announced an Initial Exchange Offering with BKEX that will take place in February, as well as a listing on LBank.
6. Tamadoge - Top DeFi Meme token to Invest In 2023
The project enjoyed an incredible launch in late 2022, pumping nearly 2,000% from its presale price and cementing itself as a top 10 meme coin.
Despite a retraction in price amid the wider bear market, TAMA remains one of the best altcoins on the market and among the best DeFi crypto to buy right now.
The project centers around a Metaverse world in which players can collect, train, and battle NFT-based Tamadoge pets. Users can upgrade a pet using items from the in-game store, in doing so, they can earn Dogepoints, boosting their leaderboard ranking, and providing them with a larger share of the monthly rewards pool.
With Tamadoge already making waves in the industry and the price of TAMA set to explode once the 5% burn mechanism on revenue generated from the in-game store kicks in, there's no telling how much TAMA could soar when the market recovers.
Unlike other meme projects TAMA has huge utility through its play-to-eaern game, two arcade-style mini-games and upcoming augmented reality app - as well as its low token supply (2 billion) and deflationary mechanism. TAMA is currently priced at $0.017.
Check out the project today and join the Tamadoge Telegram group to stay updated with any new developments or listing announcements.
7. Battle Infinity - Powerful DeFi Ecosystem with P2E Elements
Battle Infinity (IBAT) comprises a diverse DeFi ecosystem that boasts a myriad of exciting features designed to benefit crypto enthusiasts of all shapes and sizes.
Similar to Tamadoge, Battle Infinity made a big splash when it entered the crypto market.
Going from selling out its presale 65-days ahead of schedule to offering early investors 4x returns following its PancakeSwap listing, the IBAT token has gone from strength to strength and shows no signs of slowing down - recently also becoming a staking asset with high APY.
The IBAT ecosystem consists of a decentralized exchange (DEX), a staking platform (set to launch September 24th), a fantasy sports league, an NFT marketplace, a collection of tokenized P2E crypto games, and even a Metaverse arena in which players can advertise and interact with each other.
With such a diverse feature set, Battle Infinity seems primed to explode as the core functionality of the platform begins to roll out. IBAT is currently priced at $0.0017. Join the Battle Infinity Telegram to stay updated with any new developments
8. Chainlink - Leading Provider of Oracle Solutions
Chainlink (LINK) is a DeFi cryptocurrency dedicated to bringing off-chain data sources onto the blockchain to be used by other web3 projects, massively expanding the use cases of new crypto projects.
With Chainlink being one of the first projects to offer such a service, it has been picked up by key players and become the go-to platform for a number of the best DeFi crypto projects including Aave, Hedera, and Compound.
As Chainlink's services are in such high demand, it's of little surprise that LINK has remained one of the strongest assets on the market, even during the recent crypto downturn.
With many investors touting LINK as one of the best long-term crypto projects available, and the asset showing huge amounts of strength whenever the market enjoys a slight run-up, we'll be watching closely to see how it performs once the next bull run begins.
9. XRP - Project Aiming to Decentralize Currency Conversion
XRP has been a favorite asset of crypto investors since its release as a fast settlement, low-fee, sustainable cryptocurrency alternative to Bitcoin. The asset has created by David Schwartz and Jeb McCaleb who then went on to launch Ripple Labs in order to create use cases for XRP.
As we touched on, the primary attraction to XRP is its extreme efficiency. Transactions can be settled in just seconds and cost only a fraction of a cent, making it one of the fastest and cheapest networks on the market. Furthermore, the release of the XRP Ledger (XRPL) in 2021 has expanded the project's use case by allowing other projects to be created on the network.
The primary use of XRP is as a transactional cryptocurrency. It has already partnered with leading international currency transfer services like Swift and MoneyGram, leading many investors to consider the asset as one of the 10 best penny crypto projects currently available.
10. Tezos - Easily Upgradable Ethereum Competitor
Tezos (XTC) is a DeFi DeFi coin that is akin to a more efficient, easily upgradable Ethereum. The project was conceptualized in 2014 but it wasn't until far later in 2018 that the Tezos mainnet was officially released.
The project allows developers to build applications using the Tezos network through smart contracts. The project is consistently regarded as being a great alternative to Ethereum as the Tezos network can be easily upgraded with zero downtime, meaning the team can always ensure that the network boasts the latest technology.
With the Ethereum merge, the need for on-the-fly upgradable blockchains has become more apparent than ever before. With Tezos offering this functionality in an incredibly efficient package, many crypto fanatics regard it as being one of the best cryptos to buy in 2023.
11. Avalanche - Low-Cost Layer-1 Blockchain
Similar to Tezos, Avalanche (AVAX) is a new cryptocurrency and a highly-efficient layer-1 blockchain. The project exploded in 2021 at the height of the 'Ethereum killer' narrative, promoting a huge amount of P2E games and web3 projects to make the switch to the Avalanche network.
While the hype surrounding the project has subsided over recent months, its technology remains powerful. One of the main reasons why Avalanche was able to pick up traction so quickly was its massively impressive throughput.
Rather than treating every kind of transaction as one, Avalanche settles transactions on three different chains. The C-Chain is used to settle transactions that originate from the best DeFi coins and web3 projects, X-Chain is used for sending and receiving AVA, and P-Chain is for network validators.
While AVAX has fallen a long way from its 2021 highs, the DeFi DeFi coinis trading at $17. While investor confidence has likely been shaken a bit following its dramatic fall, once the next bull run kicks off we could see impressive returns from AVAX.
12. Maker - DAO Behind Leading Stablecoin
Maker (MKR) is a governance token that investors can use to make decisions in the Maker decentralized autonomous organization (DAO), that controls the popular stablecoin DAI. With the DAI stablecoin rapidly gaining market share falling the fall of algorithmic dollar-pegged stablecoin UST, MKR could be the best DeFi crypto to buy this year.
As, by design, stablecoins don't have any room for growth (unless something goes seriously awry), the MKR token is used to provide value to investors and fans of the project. As anyone holding MKR can vote on the development of DAI, and the price of MKR is linked to DAI's success, this system should, in theory, ensure that only the best decisions are made regarding the future of the stablecoin.
Out of all the best DeFi projects to invest in, Maker fits perfectly in the industry. MKR is currently priced at $665 per token, as of January 2023. With the need for a trusty stablecoin more apparent than ever, we could see big things from this DeFi cryptocurrency in the coming months.
13. Loopring - Advanced Ethereum Layer-2 Scaling Solution
While there was a large demand for Ethereum alternatives, the focus has now shifted to Layer-2 scaling solutions like Loopring (LRC). These projects utilize the Ethereum network but commonly settle transactions in a different way. This means that Layer-2 solutions benefit from Ethereum's security but aren't held back but its lackluster throughput.
In order to achieve higher throughput than its parent network, Loopring bundles multiple transactions together off-chain, before settling them together on-chain at a later date. This allows the project to validate transactions far more efficiently than Ethereum, reducing fees and network congestion.
With its partnership with GameStop, Loopring has been brought into the limelight. While it's yet to enjoy a meaningful move to the upside, there's plenty of hype surrounding the project meaning it could end up being one of the best DeFi projects to invest in ahead of the market's recovery.
14. Uniswap - Decentralized Exchange and DeFi Platform
Created by former Ethereum developer Hayden Adams, Uniswap (UNI) is packed with pedigree. It is a decentralized exchange (DEX) that hosts some of the best DeFi projects to invest in right now. During the DeFi explosion, the platform enjoyed widespread notoriety and quickly become one of the most used DEXs on the planet.
UNI was created as a governance token, allowing fans of the project to help forge its future. With Uniswap (alongside PancakeSwap) remaining one of the largest decentralized trading protocols on the market, clearly, this model worked.
Although Uniswap can no longer be considered a low-cap crypto with its multi-billion dollar market cap, the project remains a favorite of DeFi-centric investors worldwide. While the smaller DeFi projects that live on Uniswap have been hit hard by a downtrend, it's likely that Uniswap will enjoy huge amounts of volume after these projects begin to draw attention once again.
15. Compound - Popular Lending and Borrowing Platform
Compound (COMP) is a popular lending platform and one of the best DeFi crypto projects to invest in today. The COMP token is used for governance, allowing holders to vote on decisions that affect the platform.
Compound runs a host of different pools, allowing investors to earn interest on their crypto holdings with ease. The platform allows users to securely use their cryptocurrency as collateral in order to receive a fiat loan, helping to prevent complications with capital gains. Additionally, users can earn interest on their assets by lending them to others while the Compound platform ensures safety.
With Compound being one of the most popular platforms for the lending and borrowing of crypto assets, and the sector rapidly rising in popularity, it's entirely possible that COMP could be one of the best DeFi cryptos to watch this year.
What are DeFi Coins?
DeFi is short for decentralized finance. This refers to any sort of financial application that does away with a central authority and instead allows users to act for themselves. For example, on the PancakeSwap platform users provide liquidity in order to earn interest, with the platform then using an algorithm to match a buyer and liquidity provider.
With cryptocurrency having a heavy focus on both finance and decentralization, there are a huge number of projects that could be considered DeFi coins. We've already discussed 15 of the best DeFi crypto projects to watch but a few other notable examples include Aave, The Graph, and Fantom.
To summarize, any cryptocurrency that has a focus on finance or decentralization can be considered a DeFi coin. As decentralization requires that there is no central body controlling an application, it's common for DeFi coins to be largely autonomous, hence the inclusion of a large number of DAO-based projects on our list.
Are DeFi Coins a Good Investment?
With decentralized finance growing in popularity massively over the past couple of years, the best DeFi cryptos can make for solid investments. However, as with any sector, there will be projects that fail to perform as expected.
Multitude of Use Cases
As we briefly touched on, DeFi coins can comprise a huge variety of sectors and use cases. With such diversity, the future of DeFi holds near-endless possibilities. With what's possible in cryptocurrency constantly changing, DeFi projects are set to evolve as blockchain technology improves, making the best DeFi investments great for getting exposure to a future-first market.
Future of Finance
Decentralized finance has already disrupted the traditional finance sector in a big way and with cryptocurrency adoption steadily rising, this is unlikely to change in the foreseeable future. While it's impossible to know for sure how things will progress as the DeFi market matures, few sectors can compete with DeFi when it comes to future potential.
Adheres to the Crypto Ethos
At the core of the cryptocurrency ethos is decentralization, the belief that no one individual or organization should have total control. With this concept being important to many die-hard crypto investors, projects that respect this, tend to generate more buzz from key players in the industry.
Early Mover Advantage
While finance in the traditional sense has been around for centuries, the DeFi revolution is only just starting. The cryptocurrency market as a whole has existed for just over 10 years and DeFi far fewer. As such, the sector has seldom had time to mature. With this in mind, investing in DeFi can provide users early access to what could eventually become the new financial system.
Where to Buy DeFi Coins
In order to assist investors looking to purchase DeFi coins, we've reviewed one of the top regulated platforms on which they can be acquired.
eToro - Best Platform to Buy DeFi Coins
eToro was launched back in 2007 and has since grown in popularity massively, serving millions of users all around the globe. Being one of the world's leading brokers, eToro supports a plethora of DeFi coins as well as other cryptocurrencies and even stocks.
eToro supports over 50 of the most popular crypto assets and allows users to buy and trade them with just a 1% commission. As such, crypto investors are able to get far more value for their money when compared with other large exchanges which often charge anywhere between 2-3% on purchases.
In addition to its low fees, the platform's security is also phenomenal. eToro encrypts all sensitive data before it leaves the user's device, ensuring that it's of no use to nefarious individuals attempting to intercept traffic. Furthermore, the platform uses cold storage for the vast majority of client funds. Therefore, even if eToro was compromised, clients wouldn't be left out of pocket.
For investors that are just getting started and want to learn strategy or simply get used to trading, eToro has the perfect tool. The broker offers a social trading platform that allows users to automatically mirror the trades of other users. Those wishing to copy trade can view the performance of the users they're able to copy, helping to ensure transparency.
For investors looking to buy the best DeFi project, eToro is a great choice. It's an extremely capable exchange that offers a plethora of the best DeFi coins as well as plenty of other financial instruments.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Decentralized finance is one of the hottest sectors in cryptocurrency right now. Throughout this article, we've taken a look at 15 of the best DeFi cryptos currently available, discussed the merit of DeFi as an investment, and reviewed the top DeFi exchange.
From the reviewed tokens, we recommend Meta Masters Guild (MEMAG) as the best DeFi token to invest in 2023. Meta Masters Guild is a Web3 gaming ecosystem which will allow players to access a crypto racing game, an NFT platform, and an open-world metaverse ecosystem.
MEMAG is available to buy on its third presale round for $0.013.
What crypto coins are DeFi?
DeFi simply means decentralized finance. As such a huge number of crypto coins fall under the category. However, a few notable examples include Meta Masters Guild, Fight Out, Dash 2 Trade and Tamadoge.
What is the best DeFi Coin to invest in?
Each of the projects we've reviewed has plenty of room for upwards growth. With that said, however, Meta Masters Guild (MEMAG) is the best crypto presale to invest in right now. This project will let investors access some exciting blockchain-based mobile games. Currently, on presale, MEMAG, the native token, is priced at just $0.013 per token.
Are DeFi Coins worth it?
While it's important to understand that every project is different, the best DeFi coins have historically yielded excellent results for early investors. So, while it's crucial to perform ample due diligence, DeFi coins can make for solid investments.
What are the best DeFi projects?
The best DeFi project will vary greatly based on a particular investor's goals. Most DeFi projects specialize in different areas so it's important to consider what one is looking for prior to investing. However, both Meta Masters Guild and Fight out are the top DeFi projects to watch right now.