Decentralized Finance (DeFi) has had a tough performance in 2022 as the total value locked (TVL) has crashed from over $180 billion to about $54 billion. Similarly, DeFi tokens like Uniswap, Maker, Spell Token, and SushiSwap have crashed. Here are the top blue-chip crypto tokens to invest in for the long term.

Uniswap is the biggest decentralized exchange (DEX) in the world that processes billions of dollars on a daily basis. It is a platform that makes it possible for people to buy and sell cryptocurrencies in a decentralized manner. 

Like other exchanges, Uniswap has had a difficult year as cryptocurrency prices have crashed. As a result, the daily volume of all coins it processes has crashed to more than $300 million. At its peak, the network processed coins worth billions of dollars every day.

Uniswap has seen its total value locked (TVL) crash from more than $9 billion to about $5.2 billion. The UNI has crashed by more than 85% this year. Still, there is a likelihood that the Uniswap price will rebound in the coming months. 

Maker is another blue-chip DeFi protocol in the blockchain industry. It is the biggest DeFi platform in the world with a TVL of more than $7.4 billion. At its peak, Maker had a TVL of almost $20 billion. And unlike other DeFi protocols, Maker exists in one chain; Ethereum. 

Maker is known for providing a stablecoin known as Dai. Dai is an algorithmic stablecoin that is valued at more than $6.7 billion. The stablecoin is used to make payments and as an investment where users deposit it in exchanges and earn a return.

Maker is a good blue-chip token because of its strong market share in the industry and the stability of the ecosystem.

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

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Aave is a leading platform in the decentralized finance (DeFi) industry. It is a platform that seeks to become a substitute to a bank in that it enables savings and borrowing. Users deposit their tokens and earn a return. 

It also provides a non-custodial place for people to borrow capital and pay it with interest. At the time of writing, Aave has over $8.3 billion locked in Aave across 7 networks like Ethereum, Avalanche, Polygon, and Optimism among others.

Aave is a good blue-chip DeFi crypto to invest in because of its strong market share and the fact that it is seeing strong user growth. 

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

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The post Top 3 blue-chip DeFi tokens to invest in for the long term appeared first on CoinJournal.

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