2 Breakout Cryptocurrencies to Buy Now and Hold

Decentralized finance (DeFi) applications make it possible to borrow, lend, trade, and earn interest on cryptocurrency without involving a bank or brokerage. And by eliminating those third parties, DeFi promises to make the financial system more efficient. For example, you could earn a 3.2% annual percentage yield (APY)  by lending Tether -- a stablecoin designed to track the U.S. dollar -- to the Compound protocol right now. But the average bank currently pays an APY of just 0.06% on money kept in a savings account.

Not surprisingly, DeFi has captured the attention of many. In the past year, the dollar value invested in DeFi across all blockchains rose 1,400% to $257 billion. As that trend continues, Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) are well-positioned to benefit, thanks to the blazing transaction speeds made possible by their innovative consensus mechanisms.

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Source Fool.com