DeFi tokens are end user entities which will act as a medium for users/ Traders/Customers or investors to take a vital part and experience the financial services in a newly created DeFi application.

1. Top 10 Defi Tokens
and Trends

2. What are Defi Tokens?
2
DeFi tokens are mostly ethereum tokens, they may be asset
pegged, fiat pegged, crypto pegged or whatever. DeFi tokens
are end user entities which will act as a medium for users/
Traders/Customers or investors to take a vital part and
experience the financial services in a newly created DeFi
application.

3. DeFi Token Trends 2020

4. “COMPOUND DAI - COMP Token
COMP token is an ERC 20 asset pegged token which
runs on ethereum network. Created by COMPOUND-
In defi terms compound is a market money or
lending protocol.
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5. “Maker - MKR
Maker is also a leading lending protocol, which was
responsible for the creation of DAI - A stable coin.
5

6. “0x Protocol - ZRX
It is a liquidity protocol used to provide liquidity services for
various decentralized exchanges.
Creators : 0x.org
Market Cap : $282,789,023
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 1,000,000,000 ZRX
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7. “Kyber Network - KNC Token
KNC is the native token of Kyber.Network - A DEX
platform, KNC will be burned by the collected fees from the
exchange.
Market Cap: $327,511,105
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 210,623,056 KNC
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8. “Synthetix - SNX Token
It's a derivative protocol backed by its native token SNX.
Recently Binance has listed SNX tokens for trading.
To mint derivatives(Synths) users have to stake a
minimum of 750% of Synths in the Value of SNX.
Creators : Synthetix.io
Market Cap : $387,277,440
Explorers : etherscan.io, ethplorer.io, blockchair.com
Total Supply: 190,075,446 SNX 8

9. “UMA- UMA Token
UMA is also a derivative protocol backed by its native token
UMA. This protocol is used for the creation of
permissionless synthetix assets.
Creators : umaproject.org
Market Cap : $112,547,696
Explorers : etherscan.io, ethplorer.io
Total Supply: 100,224,817 UMA
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10. Read more here
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Top 10 DeFi Tokens & Trends To Watch Out In 2020

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