The best DeFi projects that show strong promise for 2023

DeFi is constantly evolving and offering brand-new ways for crypto investors to make the most out of a decentralized financial system. The best DeFi projects often make insane gains during bull market conditions and investors currently have a great opportunity to get involved at some tantalizing prices.

With that in mind, here are the 6 best DeFi projects to invest in to get rich in 2023:

  1. Metacade (MCADE)
  2. Optimism (OP)
  3. PAX Gold (PAXG)
  4. Synthetix (SNX)
  5. Aave (AAVE)
  6. GMX (GMX)

1. Metacade (MCADE) – GameFi Opening Up DeFi Opportunities

Metacade is an innovative GameFi project that offers a range of DeFi services, including several different methods for earning an income paid in crypto. Whether users Play2Earn, Create2Earn, Work2Earn, or Compete2Earn, there are a variety of ways to access gamified DeFi services across Metacades readily accessible ecosystem.

Users can access many different play-to-earn (P2E) arcade games that offer generous crypto rewards. Casual and competitive gamers alike can take full advantage of the titles at Metacade, as the platform will host tournaments where users can test out their skills and earn major prizes paid in MCADE.

As well as this, the Metacade community will be rewarded through the Create2Earn feature, just for providing useful contributions to other members. Whether posting game reviews, sharing insights, or the latest information about any blockchain game, Metacade users can earn MCADE token rewards simply for being valuable members of the community.

Metacade will also support staking, allowing MCADE token holders to earn a passive yield on their long-term investment. These rewards can accrue gradually over time, offering a generous annual percentage yield (APY) that could further boost exposure to the asset and maximize the return potential.

Why buy MCADE?

The MCADE token recently started its presale. Metacade has the potential to become one of the most widely-used GameFi projects in Web3, and the MCADE token presale is a rare opportunity to get involved while the token is heavily underpriced.

The beta phase of the presale sold out in just over 3 weeks, which reflects the high level of demand for the MCADE token. The current price of $0.01 for MCADE also looks extremely undervalued, as experts predict a 50x gain during 2023 to push the token close to the $1 mark. With that in mind, Metacade is the best DeFi project to invest in during the presale.

>>> You can participate in the MCADE presale here <<<

2. Optimism (OP)

Optimism is a Layer 2 network that brings Ethereum to scale. It is one of the most highly anticipated Layer 2 networks for Ethereum, as it can deliver a vastly improved user experience for decentralized applications (dApps) in the ecosystem.

Ethereum is the biggest Web3 network, supporting thousands of dApps. However, it has widely been criticized for being too slow and expensive, as the original proof-of-work consensus mechanism became congested over time. Optimism is one of the primary solutions that can bring DeFi applications to many millions, if not billions, of users over the coming years.

As well as being able to process a large number of transactions at a low cost, Optimism benefits from the same level of security as Ethereums Layer 1. The ecosystem is home to over 30 protocols already, providing a range of different use cases for OP holders.

dApps in the Optimism ecosystem include NFT tools, decentralized exchanges (DEXs), cross-chain bridges, and a variety of trading tools. The network can help DeFi users to take full advantage of their cryptocurrency holdings, making it one of the best DeFi projects around.

Why buy OP?

The OP token is relatively new, being launched in June 2022. The token is expected to grow significantly in value over time, with broad utility that can serve a large number of DeFi users.

For now, the price of OP is under $1. OP is a high-potential Layer 2 solution for Ethereum that could produce massive gains for investors, and one of the all-around best DeFi projects that can be found anywhere in Web3.

3. PAX Gold (PAXG)

The third best DeFi project that could make you rich is PAX Gold. The project allows anyone to purchase a fractional amount of gold, with a cryptocurrency that is backed 1 to 1 with physical assets. For blockchain users looking to access some traditional finance tools, PAXG offers a unique solution.

Gold has historically been one of the best hedges against inflation. The asset has been valuable for many thousands of years throughout human history, which makes purchasing gold a wise financial decision during uncertain economic conditions.

PAX Gold offers a decentralized method of purchasing gold with few entry barriers, which makes it one of the best DeFi projects in Web3. The price of PAXG is pegged to the price of gold, offering investors a safe haven to offset any market volatility.

Why buy PAXG?

While PAXG may not make investors as rich as some of the other cryptocurrencies on this list, it remains one of the best DeFi projects on the blockchain. The price of gold is unlikely to rise to the same extent as new cryptocurrencies, but PAXG can offer a stable method of making gains over a longer period of time.

While crypto can make investors rich, gold can help investors to stay rich. The price of Bitcoin fell over 75% from its recent high, while PAXG is down only 12% in the same time period. This makes it one of the best DeFi projects to retain gains made from other crypto investments on this list.

4. Synthetix (SNX)

Synthetix is one of the best DeFi projects that can make you rich in 2023. The protocol provides liquidity for many other DeFi platforms, which is a useful and necessary service for DeFi users. dApps such as Lyra, 1Inch, and Curve, use the liquidity provided by Synthetix to supply DeFi users with a reliable service.

The Synthetix protocol has deep pools of liquidity that are maintained by minting synthetic assets. This means that users can have exposure to the underlying digital assets without needing to hold the asset itself. DeFi users can gain financial benefits from having exposure, without depleting liquidity for the dApp being used.

Synthetix offers a liquidity solution to DeFi protocols on Optimism and Ethereum, which means that many different dApps can use the platform. Synthetix has proven to be a robust and secure protocol that can reliably solve a key inefficiency in the DeFi ecosystem.

Why buy SNX?

SNX is the native token for Synthetix. It is used as collateral for the synthetic tokens that are minted on the Synthetix DEX. Additionally, users can stake SNX and earn passive rewards for their holdings, which gives the SNX token extensive utility for a platform that is widely used.

SNX is one of the best DeFi projects for 2023, as the price is currently undervalued at the $1.54 level. SNX has the potential to skyrocket over time and reclaim its previous all-time high of $26 giving investors the opportunity for over 20x gains on their SNX investment.

5. Aave (AAVE)

Aave is one of the biggest borrowing and lending protocols in Web3, making it one of the best DeFi projects to invest in during 2023. Crypto holders can stake a range of tokens from several major blockchains and earn a passive yield, as well as use the staked tokens as collateral to borrow other digital assets.

Aave provides a useful DeFi service for long-term crypto holders. Investors can earn yield as well as a return, while also borrowing cash that can be spent in their day-to-day lives or re-invested.

The platform is a highly secure borrowing protocol that ensures all loans are overcollateralized. With this protocol, Aave has proven itself to be a robust DeFi platform and has withstood significant sell pressure throughout the 2022 bear market. The protocol allows DeFi users to safely store assets and take advantage of permissionless loans.

Why buy Aave?

Aave is one of the most popular DeFi platforms in Web3. The native token, AAVE, is scarce with a total supply of just 16,000,000, which means that the price of each token could extremely valuable in fiat terms over time.

After reaching its all-time high of $660, each AAVE token is now worth just $53.77. The token could reclaim its previous high and breach the $1000 resistance level over the next few years. Aave is certainly one of the best DeFi projects that could make you rich in 2023.

6. GMX (GMX)

GMX is a DEX that supports both spot and perpetual trading. DeFi users can trade with leverage without the need to submit know your customer (KYC) verification, and access a suite of advanced trading tools on a single decentralized trading platform.

After the collapse of FTX in November 2022, many investors have sought decentralized alternatives for cryptocurrency trading. GMX has been one of the most popular destinations, as it provides an intuitive user interface and a robust protocol.

Traders can earn rewards for providing liquidity, as the platform accrues fees from futures trades, market making, and asset rebalancing. Liquidity pools on GMX use a variety of digital assets, helping to ensure that users can always access cryptocurrency without the risk of halted withdrawals as happened with FTX, Celsius Network, and other centralized digital asset services.

Why buy GMX?

GMX is the best DeFi project in terms of price performance during 2022, rising over 2x in total. This is a major achievement for the GMX token, as most other cryptocurrencies fell close to 90% in value due to the ongoing bear market. The strong performance of GMX during 2022 is a reflection of increased demand for DeFi services in the wake of the FTX capitulation.

GMX has deflationary tokenomics and a scarce asset supply, which means that the price could rise significantly over time. The current price is $41.77, which has the potential to reach a 4-figure valuation due to the total supply of GMX being under 10,000,000 tokens. This makes it one of the best DeFi projects to invest in during 2023.

Metacade is the best DeFi project that could make you rich in 2023

The MCADE presale is expected to sell out through each of its 9 funding rounds. The project has already attracted over $1.7 million worth of investment and is set to continue to rise from its current price level soon.

With a target price of $1 in 2023, MCADE could make some serious gains for early investors, as it gradually transforms into a thriving community hub for all-things-GameFi. For this reason, MCADE is the perfect addition to the portfolio for any long-term crypto investor interested in how DeFi projects evolve moving into 2023.

You can participate in the MCADE presale here.