Decentralized Finance (DeFi) is rapidly growing in the crypto world. It transforms centralized financial services into automated blockchain-based platforms. In this article, we list down three thriving DeFi coins worth checking. 

CashFi (CFI)

CashFi is a new decentralized platform that has gained commendation for delivering outstanding services in NFTs, liquid staking, and synthetic assets. Known as a game-changer in the NFT space. CashFi’s transparency has gained users’ trust through its easy-to-use and secure structure that enables users to create their own customized NFT marketplace. 

The CFI token is the main currency that fuels CashFi’s DeFi and NFT sector this includes the liquid staking, CFI Synthetics, and CFI NFTs. This platform will be an interoperable DeFi network that offers access to various digital assets.

CashFi’s Proof-of-Stake via CFI Stake as Liquid staking also supports minimizing the risk of volatility and users can continue to pledge or borrow in other DeFi activities. CashFi’s goal to strengthen and bring about positive change to the crypto industry is coming to fruition as the months go by.

Polygon (MATIC)

Polygon is the most powerful protocol of all the other Ethereum scaling solutions available on the market. It has 2303 active addresses as of today and has 1023 daily new addresses. Its goal is to facilitate the growth of Web 3.0 applications by equipping the platform required. In total, Polygon has supported 19,000 dApps to scale their performances. 

An important milestone last March was all able the launch of Polygon Nightfall Mainnet, an advanced optimistic zero-knowledge technology. A solution to give blockchain access to businesses. In other good news, Polygon has announced Supernets, a technology that will allow developers to create a custom network with minimal costs to run the servers. Sandeep noted that this protocol’s advancement is to bring mass adoption to Web3 through Supernets.

Tron (TRX) 

TRON’s TVL reached $5.94 billion and became the third-largest blockchain by total value locked. TRX is the native token of this network and is used in transactions within TRON plus to pay the fees for resources and bandwidth. Its ecosystem continues to thrive when it launched decentralized USD (USDD), a stablecoin pegged to the US Dollar through TRX and holds its price stability algorithmically under the recommendation of the TRON DAO Reserve. Another success was the TRON Grand Hackathon 2022 Season 1 covering over 120 projects globally. Announced last month was the start of TRON Grand Hackathon 2022 Season 2 which offers an abundant prize pool of $1 million, doubling the prize from last season. TRON’s unique features and great fundamentals have boosted its success in the crypto world.