Top 3 DeFi Projects and coins to invest in March 2022

Introduction

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With the currency dip we are experiencing in the markets, it is true that most small investor and retail traders have kind loose a little hope. It is for this reason that I will be coming about with the top 3 Decentralized Finance Projects which I will be doing a detail fundamental analysis on why this projects are worth investing in.

Choosing Decentralized Finance project is because, lately most people are are trying to get into decentralized trustless and transparent financing services domain.
Here are the projects as listed below:

1. Colony Lab

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The colony lab is known to be the best project on the avalanche blockchain. This means that the colony project has received support and investment from the Avalanche blockchain.

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Talking about the insight of the colony lab, the colony lab entourage of smart contracts which provides framing to an organization essential functioning.

Statistics

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^{screenshot from coinmarketcap.com}

The colony has a current price of $0.61 which is ranked #3877 on the coinmarketcap. It has an All time high value of $2.9 with contract address:

0xec3492a2508ddf4fdc0cd76f31f340b30d1793e6

On the avalanche C-chain.

On an overall point, the colony is known to bridge decentralized finance and traditional finance in harnessing the value of creation in the avalanche network.

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2. Aave

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Aave is also a decentralized finance platform which works by showing liquidity protocol.

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The Aave platform therefore acts as a platform where the user’s of the platform can lend and borrow different Cryptocurrencies by facilitating peer-to-peer lending and borrowing through smart contracts. This means that the individual who seek to lend their Cryptocurrencies will do so to earn a certain percentage interest rate while those who seek to borrow will pay a certain interest rate upon completion.

The platform at the time of writing this article supports 26 crypto currencies with 25 of them available for lending and borrowing. Some of the crypto currencies include: lend, link, eth etc.

The platform actually has two native tokens which are the Aave token and the AToken

Statistics

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The Aave token is listed #53 on the coinmarketcap based on its $2 Billion market capitalization. It has a current value of $147.2 and other statistics can be seen from the screenshot below.

^{screenshot from coinmarketcap.com}

Binance smart chain contract:

0xfb6115445bff7b52feb98650c87f44907e58f802

Ethereum contract:

0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9

Phantom contract:

0x6a07A792ab2965C72a5B8088d3a069A7aC3a993B

An interesting aspect the token is seen to make a strong bullish trend is for the fact that’s it has a module where you can stake the Aave token for promising rewards.

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3. Fantom

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One the most talked projects since 2021 has been the phantom platform which acts as a dApp for digital assets and smart contracts. The Fantom platform

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The main idea behind the phantom project is to decrease the congestion we have with the Ethereum Network. The reason the phantom token is therefore watched a lot is for the fact that it has a network architecture which offers viable solutions to blockchain Trilemma.

The platform is also known to be fast which draws its speed principally from a unique consensus mechanism which is the Lachesis.

Statistics

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The phantom has a current price of 0.00048 which a market capitalization of N/A. It is ranked #4378 on the coinmarketcap and other statistics can be seen as below.

^{screenshot from coinmarketcap.com}

Ethereum Smart Contract:

0x3f9bec82c776c47405bcb38070d2395fd18f89d3

Binance smart chain contract:

0x4399AE7538c33cA24edD4C28C5dd7Ce9a80acF81

Therefore from the above statistics we see that the phantom token is worth investing based in the increase it the number of its investors lately.

Conclusion

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I have explained principally the phantom token, the Aave token and the colony token which are worth investing in this March 2022.

Therefore i encourage investors and traders as well to invest in the projects not forgetting to do their own research as well.