Which cryptocurrencies are commonly used in DeFi platforms?

1 answers

• Dec 17, 2021 · 3 years ago
  In the world of DeFi, there is a wide range of cryptocurrencies that are commonly used across various platforms. Ethereum (ETH) is undoubtedly the most popular and widely accepted cryptocurrency in the DeFi space. It serves as the foundation for many DeFi protocols and applications, offering users the ability to lend, borrow, trade, and earn interest on their digital assets. Additionally, other cryptocurrencies like Binance Coin (BNB), Chainlink (LINK), and Uniswap (UNI) are also commonly used in DeFi platforms. These cryptocurrencies provide additional functionalities and services that enhance the DeFi experience, such as decentralized exchanges, price oracles, and liquidity pools. So if you're looking to explore the world of DeFi, these cryptocurrencies should definitely be on your radar.
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