Top 5 Polygon DeFi Platforms in April 2022!

S1mple Finance
3 min readApr 11, 2022

Today we are taking a look at the top Ethereum blockchain performers in the DeFi industry for this 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.

#5 Celer Network

Celer cBridge is a multi-chain network that enables instant, low-cost and ANY-to-ANY value transfers within and across different blockchains, such as Ethereum and Polkadot, and different layer-2 scaling solutions on top, such as Optimistic Rollup, ZK Rollup and sidechains.

Celer Network website: https://cbridge.celer.network/

Supported blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Harmony, OEC, Heco, Moonriver, Moonbeam, Fantom, Oasis Network, Celo, Optimism, Astar

#4 ApeSwap

ApeSwap is a leading decentralized exchange (DEX) on Binance Smart Chain and Polygon focused on offering a premier trading experience. Users are incentivized to pool liquidity on ApeSwap through yield farming to earn the native currency, $BANANA. Additionally, apes can use their earned $BANANA to stake and earn other tokens and unlock exclusive features.

ApeSwap website: https://apeswap.finance/

Supported blockchains: Binance Smart Chain, Polygon

#3 Thetanuts

Thetanuts Finance Is the first cross chain structured products protocol on Ethereum and BSC with automated vaults to earn yield on a variety of crypto assets.

Thetanuts website: https://thetanuts.finance/

Supported blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Cronos, Fantom

#2 Connext

Connext is used to send transactions of value or calldata across chains and/or rollups. Unlike most other interoperability systems, Connext enables this without introducing any new trust assumptions or external validators.

Connext website: https://www.connext.network/

Supported blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Harmony, Fuse, Cronos, Moonriver, Moonbeam, Fantom, Optimism

#1 Sushi

Sushi is a fork of Uniswap, where users can trade, provide liquidity, lend and borrow crypto assets.

Sushi website: https://sushi.com/

Supported blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Harmony, OEC, Fuse, TelosEVM, Moonriver, Celo

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