Top 3 DeFi Platforms In The Past Month!

S1mple Finance
2 min readMar 7, 2022

Today we are taking a look at the top performers in the DeFi industry for the past month!

What is DeFi?

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

#3 Trader Joe

Trader Joe has set out to serve the community at the frontiers of DeFi by innovating, building fast and most importantly, building securely. The ultimate goal is to build a trading platform, that provides users with a true ‘one-stop-shop’ DeFi experience.

Blockchain: Avalanche

Trader Joe website:

#2 Katana

Katana is an automated market maker (AMM) decentralized exchange (DEX) built on top of Ronin. Katana allows anyone to easily swap between the various ERC 20 assets.

Blockchain: Ronin

Katana website:

#1 PancakeSwap

PancakeSwap is a decentralized exchange (DEX), allowing investors to swap BEP-20 tokens. BEP-20 tokens are tokens built on top of the Binance Smart Chain that don’t have their own blockchain. The platform is built on Binance Smart Chain instead of Ethereum, giving it a number of advantages.

Blockchain: Binance Smart Chain

PancakeSwap website:

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