- The top three DeFi tokens are RPL, AVAX, and ORN.
- DeFi has the potential to promote the financial sector.
- Avalanche (AVAX) hit its new all-time high a few hours ago.
DeFi’s infrastructure would significantly recreate traditional financial services, regardless of the technology used by a platform in this financial world. Furthermore, DeFi has the potential to promote the financial sector and open up a new level of innovation.
As the world shows that the future of digital payment mode may have been cryptocurrencies, millions of users have emerged into the crypto-space. On the contrary, DeFi will advance in technology and serve as the guarantor of financial transactions. DeFi tech will therefore gain more traction in this digital world than before within a few days.
Significantly, decentralized finance (DeFi) is a blockchain-based finance sector that does not rely on other financial intermediaries. Considering this as an advantage most of the investors are interested in investing in DeFi-related tokens. As of now, DeFi tokens have become the trend and their value in price is rising. Similarly, now let’s see the top three DeFi tokens of the week which are listed on Coinmarketcap.
Top 3 DeFi Tokens
According to Coinmarketcap, the top three DeFi tokens of the week are Rocket Pool (RPL), Avalanche (AVAX), and Orion Protocol (ORN). However, DeFi tokens are grabbing the attention of investors and the transformation it has generated is phenomenal. So let’s dig into the top DeFi tokens of the week listed by Coinmarketcap.
The first DeFi token on the list is Rocket Pool (RPL) which operates on an Ethereum protocol. RPL has surged to 54.51% within a week and its current trading price is $31.94. Besides, the price of RPL has risen from $20.38 to $33.41 within seven days and it holds 241st rank.
The second top DeFi token is Avalanche (AVAX) which is the fastest smart contract in the blockchain industry. AVAX has soared from $44.8 to $68.58 in a week and the token has tapped its new ATH a few hours ago. The current trading price of AVAX is $66.08 which is 43.35% up in a week and it holds 12th rank.
Moreover, the third top DeFi token is Orion Protocol (ORN) which is an Ethereum token that powers Orion Protocol. ORN has surged from $7.65 to $11.69 within a week and it holds 238th rank. The current trading price of ORN is $11.08 and it is 48.94% up in the past week.
However, the craze for the crypto market is still rising without any hesitation. That’s the kind of place it has captured among the investors and now DeFi drives developers to a different level. Somehow, DeFi is going to make a hit reaching more highs than NFTs in the near future in this financial sector.