The world of decentralized finance (DeFi) is constantly evolving, with new projects and tokens emerging all the time. As we look toward the future, it’s worth considering which DeFi tokens are likely to have the most potential in 2023.
Which DeFi token do you think has the most potential for 2023?
Uniswap
Aave
Compound
Chainlink
What are your thoughts on this?
Judging from my own usage over the past year, I wouldn’t feel comfortable commenting on your list of tokens tbh. I’ve been using Evеrscale’s ecosystem exclusively so I can atleast hope that ЕVER would be the one with potential, keeping my fingers crossed…
Hard pass on all of those. None of their tokens accrue any value.
I think all you mentioned are valid along with CRV. GMX has been strong and I think will continue to rise. UNIDX has been performing well, we’ll see if its strength continues.
DeFi will generally have great expansion this year, due to LSD projects that are bringing more opportunities. Btw these mentioned have good potential. I believe LINK and DIA among oracles have huge potential due to their role and numerous integrations. Also, I would include LSD projects ( LIDO, Rocket Pool, Bifrost, etc) on the list.
There’s a lot of good new stuff on Arbitrum like the Camelot dex. On polygon I’m pretty interested in Metavault (they have a nice reward structure with various strategies with their MVX token).
It’s uniswap for me because liquidity is it’s key component, and it’s much simpler for anyone to become a liquidity provider because it’s user friendly. I’m currently earning nice yields on both Sylo-Wbtc and Dai-Eth in its pool at the moment, PancakeSwap is amazing in-between.
Lido
You just mentioned tokens that everyone knows about. Tokens that will appreciate require due diligence because everyone will not be able to give you an opinion on it. There are many very low market cap tokens that have potential, although i will certainly not tell you !!!!
None of the above. But I’d bet a lot on Bitcoin and probably Ethereum.
I’ll go for chainlink and add Matic and MAXX to the list. I think they’re also potential tokens for 2023 and beyond. MAXX is a very much Utility focused dApp, shaping the emergence of what’s being called DeFi 3.0
I believe NXRA which deals with TradFI and DeFi ,
QNT – Interoperability
EWT- Energy Web are few to look out for.
I would choose Uniswap and Aave from the list. Another one that I believe has potential for 2023 is OCEAN. Its Data farming has started well, currently in Main with a weekly return of 150k.
$DYDX:
1. biggest decentralized perpeptual exchange with real volume and user (product market fit)
2. real revenue: 100M$/year roughly
3. token downed 97%(peak 28$, local bottom 1$)
4. building their own appchain, so they can control whole tech stack and token economics(biggest advantage imo)
5. tokenomics revamp to distribute revenue to validators
6. Lots of things in their roadmap: spot exchange, nft, wallet…
With upcoming v4, I think dydx is becoming good replacement to CEXs like Binance, but more because it has own chain advantage, so its an open ecosystem to thrive.
Just long ETH 5x but if you don’t wanna do that FXS is my choice.
Also CHR/RDNT/FCTR/POISON on arbitrum
Most of the DeFi projects you mentioned don’t seem to have that much juice tbh, the trend has changed and money is moving into PerpDexs and real yield. I’d go with GMX, GNS or DYDX if I’m to put money on any DeFi project right now.
Outside that, I’d also be bagging some ai and metaverse tokens like FET and RIDE.
Aave and Compound are great but I think NXRA still has the most potential. The NexeraID product solves the issue of compliance in the crypto space, and with this, most projects can strike a balance between complaint and Defi. It will create more utility for NXRA.
A long list.
VRA and ORE are just what I am looking into for now. Waiting to get more VRA at 0.005 and it will be a good send.
ORE, is a good one, deals with ID management on DeFi, NFTs and web3.
I like Chainlink, but I’m not seeing them diving deep into LSDs (Defi) as other projects like Rocketpool, Diadata, or Benqi. As for the other options, I like Aave the most. They are moving from solely Ethereum-based lending to other blockchains. I’d add other high-potential projects like Dafi protocol or Equilibrium (Substrate-based).
For me it would have to be either Uniswap or Zebec Protocol just based on their tokenomics, fundamentals and the unique features these platforms offer.