These DeFi tokens caught the eye in January 2022

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Defi tokens have been making big waves in the crypto ocean. Many of today’s best Defi projects have done very well by their users and fanbase. Now as we conclude the first month of 2022, let’s take a look at the most searched Defi tokens in the month of January. As per the data provided by Cryptorank, here’s what was most looked at.

Defi chain (DFI)

Defichain took the top spot on the most searched Defi Tokens list. 

DeFiChain is a decentralised blockchain technology that aims to make decentralised financial services more efficient, intelligent, and transparent. Its purpose is to provide the Bitcoin ecosystem with full DeFi capabilities. 

DFI is the native token for the platform. At the time of publication, it was trading at $3.20, being up by 14.2%. 

ACALA Network (ACA)

Next on the most watched list is Acala Network. Acala, Polkadot’s decentralised finance network and liquidity hub, is a scalable, Ethereum-compatible, and DeFi-optimized layer-1 smart contract platform with built-in liquidity and ready-to-use financial apps. Acala gives developers access to the best of Ethereum and the full power of Substrate with its trustless exchange, decentralised stablecoin (aUSD), DOT Liquid Staking (LDOT), and EVM+.

At the time of publication ACA was trading at $1.64, up by 1.6%.

Hubble Protocol (HBB)

Lastly, we have Hubble Protocol. Hubble is a decentralised financial protocol built on the popular Solana network. It enables long-term borrowing, lending, and the creation of structured products. Its native token is HBB. Hubble allows customers to borrow USDH for a one-time cost of 0.5 percent, with no variable rate or interest.

Hubble aims to work as a Decentralised Autonomous Organisation (DAO), with a community-supported governance model. 

At the time of publication, HBB was trading at $1.55, up by 2.9%. 

Although the new year started on a stressful note, with the markets on their worst performance in many years, we can undoubtedly look forward to some incredible new innovations that lay just over the horizon. We are yet to see the markets completely recover from the recent crash, but the future sure looks promising. 

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