The future of finance is DeFi (or decentralized finance). Decentralizing financial services also offers a high-potential business case.
DeFi has taken the global financial industry by storm ever since Bitcoin’s (BTC) launch in 2009.
While the DeFi King BTC peaked at $64,400 in November 2021, it is currently trading at $16,540.50. But DeFi has a lot to offer, even beyond BTC.
In this article, we take a look at the top 15 DeFi projects (as of November 24, 2022) by active users in the preceding 30 days, per DappRadar.
Presenting the ranking of top 15 DeFi projects by active users, CryptoRank tweeted:
https://twitter.com/CryptoRank_io/status/1595738170179690496
Total DeFi apps (dApps) amount to 3,359, wherein, the BNB chain claims a lion’s share of 1,559 or 38% dApps built on it. Next in line is Ethereum, with 581 or 14.2% of total dApps. Polygon, with a 13.6% share, accounts for 559 dApps.
Fantom hosts 212 dApps, whereas Avalanche hosts 215 dApps (with each accounting for 5.2% of total dApps).
Tron chain has 3.2% or 132 dApps built on it. The Cronos chain has 2.9% or 120 dApps. Harmony accounts for 62 dApps and Optimism for 61 dApps, each hosting 1.5% of total dApps.
The EOS chain has 1.4% or 57 dApps in total. Lastly, the other remaining 671 dApps form the rest 16.9%.
In this article, we shall examine the top 15 DeFi projects by active users in CryptoRank’s watchlist.
Topping the list is PancakeSwap (CAKE). Priced $3.99 at press time, CAKE accounted for 1.85 million active users in the last 30 days. The CAKE token’s 30-day price change is +20.2%.
Ranked second is Uniswap (UNI) with a trading price of $5.44 at press time. UNI’s active users in the last 30 days stand at 405K, with a 30-day price change of +23%.
1INCH Network, priced $0.5294 at press time, had 271K active users in the last 30 days. 1INCH’s 30-day price change is +33.4%.
Stargate Finance (STG) follows the list with a trading price of $0.4329 at press time. STG had a total of 187K active users in the last 30 days. STG’s 30-day price change is +119%.
TT Mining, priced $0.00383108 at press time, had a total of 141K active users in the last 30 days. TT‘s 30-day price change is +56%.
GMX follows with a total of 122K active users in the last 30 days. It’s priced at $44.33 at press time. GMX‘s 30-day price change is +61.4%.
Metamask Swap’s total active users in the last 30 days are 115K. Its 30-day price change is +35.2%. Bungee’s total active users in the last 30 days are 90.9K, whereas the 30-day price change of Bungee is +35.2%.
Quickswap follows the list with total active users in the last 30 days being 80.7K, and a 30-day price change of -31.9%. Pooltogether’s 30-day price change is -93.8%, whereas its total active users in the last 30 days are 78.8K.
Gooddollar has a total of 73.7K active users in the last 30 days. Its 30-day price change is 0.47%. Sushiswap is next with 65.4K active users in the last 30 days, rising 36.2% in the last 30 days.
MeanFi’s active users in the last 30 days are 61.6K, with a 30-day price change of +6.82%. OwlDao’s active users in the preceding 30 days stand at 57.6K, with a 30-day price change of -0.78%.
Lastly, Bitkepp Swap’s active users in the last 30 days are 56.5K, falling -7.74% in the last 30 days.
