Decentralized finance (DeFi) has continued to disrupt traditional financial systems, offering permissionless access to lending, borrowing, and trading without intermediaries.
Tokens priced under $1 can offer a unique entry point for those looking to gain exposure to DeFi without committing large capital upfront.
Note: This list is sorted in no particular order. All data and information are from CoinMarketCap.
DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted.
EXCHANGES: Bybit: DAI/USDT, OKX: DAI/USDT
Following Frax’s North Star Hardfork, the legacy Frax (FRAX) token has been renamed to Frax Legacy Dollar (FRAX). Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. Frax USD uses a hybrid model that allows for governance-approved enshrined custodians to mint/redeem the stablecoin by holding cash-equivalent reserves while also having onchain mechanisms built by the Frax Finance Protocol.
EXCHANGES: Uniswap v3 (Optimism): FRAX/USDT, Uniswap v3 (Ethereum): DAI/FRAX
FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement.
EXCHANGES: Gate: FTT/USDT, MEXC: FTT/USDT
Drift is a fully on-chain perpetual and spot DEX built on Solana. The exchange offers traders the ability to trade pre-launch markets and launched tokens with up to 10x leverage. Beyond stablecoins, traders can use a wide range of assets as collateral, allowing for greater capital efficiency.
EXCHANGES: Bitget: DRIFT/USDT, KuCoin: DRIFT/USDT
SushiSwap is a decentralized exchange (DEX) that operates as an Automated Market Maker (AMM) across multiple blockchain networks. It allows users to swap tokens and provide liquidity without relying on traditional order books. With a swap and aggregation stack spanning over 40 chains, SushiSwap offers extensive liquidity access and competitive pricing for swaps, along with smart liquidity solutions for liquidity providers.
EXCHANGES: Gate: SUSHI/USDT, OKX: SUSHI/USDT
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
