Top DeFi Tokens by Market Capitalisation
1. What is the significance of market capitalisation in DeFi?
Market capitalisation reflects the total value of a token in circulation. A higher market capitalization often indicates adoption, liquidity, and trust within the cryptocurrency community.
2. Are top DeFi tokens safe to invest in?
Compared to smaller projects, they are generally safer; however, cryptocurrency always carries some risk, and in-depth research is advised before investing.
3. How can I participate in DeFi using these tokens?
With the help of DeFi platforms, one can trade, lend, and borrow using these tokens.
4. Can these DeFi tokens generate passive income?
Yes. By staking, lending, or providing liquidity on supported platforms, one can generate passive income.
5. Do I need a lot of crypto to start using DeFi tokens?
No, a small amount of crypto is enough to start.