DeFi
Explore DeFi: Decentralized Finance tokens empowering a new financial ecosystem.
Top gainers this week
Top losers this week
$HEX has led the category 7 days running this week
$sENA -846 places this week
$STRK fell 796 places this week
$Anon +783 places this week
Weakest this week: $PELL bottomed out at a 0 gem score
A standout this week: $HEX reached a gem score of 87
521 tokens rose and 850 fell this week
$CRV +1,012 places this month
@EnaLiquid Staking+1•18$LINK is looking like it’s gonna skyrocket soon
- @EnaGovernance+1•17
$AVNT looks like a long term play
Frequently asked questions
How has DeFi performed recently?
The DeFi category has shown mixed signals across different timeframes. Over the past 7 days, there were more tokens declining (849) than advancing (520). HeyAnon (Anon) led the climbers with a 783 rank delta and a 130.0% score increase, while Staked ENA (sENA) was the biggest faller, dropping 846 ranks with a -50.3% score change. HEX maintained its top score at 87.4308 and also demonstrated a 7-day streak. Looking at the 30-day window, the trend shifted, with more tokens advancing (1020) than declining (349). Curve LlamaLend V2 (CRV) was the top climber, gaining 1012 ranks, while Divvy.Bet (DVY) experienced the largest fall, dropping 972 ranks with a -66.9% score change. HEX continued its strong performance, holding the highest score at 88.3702 and maintaining a 30-day streak. PulseX (PLSX) and Phantom Staked SOL (PSOL) entered the top K, while Raydium (RAY) and Hex (HEX - distinct from the top-scoring HEX) exited the top K in the 30-day period.
What is Decentralized Finance (DeFi)?
Decentralized Finance (DeFi) refers to a financial system built on blockchain technology, aiming to recreate traditional financial services like lending, borrowing, and trading using decentralized applications (dApps) without intermediaries.
How does DeFi differ from traditional finance?
DeFi operates on a peer-to-peer basis using smart contracts on blockchains, removing the need for banks or other centralized institutions. This offers greater transparency, accessibility, and often lower fees compared to traditional finance.
What are some common applications of DeFi?
Common applications in DeFi include lending and borrowing platforms (Lending), decentralized exchanges for trading cryptocurrencies (DEX), insurance protocols, yield farming for earning rewards (Yield), and stablecoins that maintain a peg to fiat currencies.
What are the risks associated with DeFi?
Risks in DeFi include smart contract vulnerabilities, impermanent loss in liquidity pools, regulatory uncertainty, and high volatility of underlying crypto assets. Investors should research thoroughly before participating.
What is the future outlook for DeFi?
The future of DeFi is expected to involve continued innovation in financial products, increased adoption by both retail and institutional investors, and ongoing development to address scalability, security, and regulatory challenges.