Top Decentralized Finance (DeFi) Tokens by Market Capitalization

Decentralized Finance (DeFi) protocols utilize smart contracts to recreate traditional financial services—such as lending, borrowing, and trading—on the blockchain. These peer-to-peer networks eliminate the need for centralized intermediaries like banks. DeFi tokens often capture protocol value, providing holders with governance voting rights and potential revenue-sharing opportunities.

Coin

Price

Last 7 Days

Action

Lido Earn ETH

EARNETH

$ 2,620.46

+0.01%

-0.02%

+2.12%

$ 208.12M

BUILDon

$ 0.20786

-0.03%

+1.37%

-9.62%

$ 202.23M

$ 816.23K

Zebec Network

ZBCN

$ 0.0019027

+0.12%

+5.02%

+9.22%

$ 192.29M

$ 116.93M

Convex Finance

CVX

$ 1.891

+0.74%

-4.69%

-5.68%

$ 190.26M

$ 65.59K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

$ 179.63M

Coinbase Wrapped XRP

CBXRP

$ 1.38

0.00%

-0.02%

-1.43%

$ 178.79M

$ 3.07M

THORChain

RUNE

$ 0.5372

+0.30%

0.00%

+4.04%

$ 176.71M

$ 453.70K

syrupUSDG

SYRUPUSDG

$ 1.012

+0.10%

+0.00%

+0.10%

$ 174.34M

$ 271.98K

Frax Ether

FRXETH

$ 2,570.14

+0.14%

-0.02%

+1.84%

$ 158.09M

$ 136.64K

Vision

VSN

$ 0.0428

+0.23%

+0.82%

+2.19%

$ 157.35M

$ 1.43M

DEXE

$ 1.845

+0.38%

+0.76%

+2.83%

$ 155.16M

$ 57.94K

Kamino

KMNO

$ 0.02691

+0.37%

-3.05%

+8.48%

$ 150.33M

$ 2.98M

Telcoin

TEL

$ 0.001464

+1.58%

-5.49%

-6.98%

$ 142.33M

$ 68.75M

Horizen

ZEN

$ 7.65

+0.45%

-3.89%

+21.47%

$ 140.34M

$ 35.36K

1INCH

$ 0.09555

+0.11%

-3.41%

+3.87%

$ 135.77M

$ 1.12M

Bybit Staked SOL

BBSOL

$ 126.76

-0.04%

-0.03%

+6.33%

$ 135.23M

$ 144.73K

AWE Network

AWE

$ 0.06287

-0.52%

-11.28%

+4.06%

$ 121.95M

$ 857.03K

Staked Frax Ether

SFRXETH

$ 3,002.22

+0.10%

-0.01%

+2.40%

$ 112.34M

$ 1.43K

Nexus Mutual

NXM

$ 65.57

+0.08%

-0.02%

+1.53%

$ 109.60M

dYdX

DYDX

$ 0.12791

-0.08%

-2.47%

+12.39%

$ 107.62M

$ 1.26M

Instadapp

FLUID

$ 1.2793

-0.48%

-2.44%

+6.96%

$ 107.07M

$ 6.13K

BULLA

$ 0.102957

+7.45%

-3.54%

+24.67%

$ 102.24M

$ 2.93M

Reserve Rights

RSR

$ 0.001613

-0.13%

+4.00%

+7.82%

$ 99.15M

$ 52.34M

ZRX

$ 0.11532

-0.31%

+0.24%

+3.92%

$ 98.99M

$ 505.35K

SoSoValue

SOSO

$ 0.2874

+0.17%

+0.84%

-1.97%

$ 98.80M

$ 292.48K

DeepBook

DEEP

$ 0.016601

-0.35%

-2.65%

+10.20%

$ 95.65M

$ 3.76M

Origin Ether

OETH

$ 2,576.19

+0.06%

-0.02%

+2.29%

$ 92.07M

$ 104.78K

CoW Protocol

COW

$ 0.1566

+1.56%

+1.69%

+13.82%

$ 89.73M

$ 729.75K

Huma Finance

HUMA

$ 0.02417

+0.58%

-1.85%

+4.86%

$ 86.44M

$ 2.21M

Orca

ORCA

$ 1.4011

+0.23%

-3.16%

+5.15%

$ 86.04M

$ 56.94K

Gravity

$ 0.007673

-16.27%

-13.38%

+98.74%

$ 83.70M

$ 359.31M

Kinetiq

KNTQ

$ 0.28525

-0.16%

-0.05%

+39.21%

$ 80.01M

$ 1.71M

VELO

$ 0.004416

+0.94%

+4.29%

+6.03%

$ 79.35M

$ 8.35M

GMX

$ 7.507

+0.58%

-2.68%

-4.41%

$ 79.14M

$ 7.42K

YearnFinance

YFI

$ 2,175

+0.35%

-2.66%

+0.34%

$ 78.97M

$ 28.19

SNX

$ 0.2223

+0.27%

-0.22%

+5.11%

$ 77.31M

$ 295.12K

Lista USD

LISUSD

$ 0.998346

0.00%

-0.03%

$ 74.13M

$ 16.83K

BERA

$ 0.2084

+0.24%

+5.54%

+12.22%

$ 70.07M

$ 628.78K

SUSHI

$ 0.2399

+0.42%

-2.59%

+9.37%

$ 68.98M

$ 314.36K

Numeraire

NMR

$ 9.071

0.00%

-1.71%

-1.61%

$ 68.20M

$ 7.19K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 66.57M

Treehouse ETH

TETH

$ 3,225.75

+0.03%

-0.02%

+2.24%

$ 65.90M

$ 6.18K

Turbo

TURBO

$ 0.0009454

+0.16%

-4.38%

+3.83%

$ 65.24M

$ 118.87M

Threshold

$ 0.005308

+7.37%

+18.36%

+4.70%

$ 63.06M

$ 19.49M

Spark

SPK

$ 0.02027

+0.35%

-3.88%

+8.94%

$ 62.73M

$ 2.78M

Cortex

$ 0.04163755

-2.82%

-0.08%

+185.04%

$ 62.67M

$ 1.99M

NOXO

$ 0.347401

0.00%

+1.36%

$ 57.90M

$ 1.12K

cETH

CETH

$ 51.82

+0.06%

-0.02%

+1.43%

$ 56.41M

Babylon

BABY

$ 0.011526

+0.45%

+0.83%

-3.00%

$ 53.73M

$ 5.46M

100

Brazilian Digital

BRZ

$ 0.193521

0.00%

-0.16%

$ 52.88M

$ 3.70K

Frequently Asked Questions

What does Decentralized Finance (DeFi) mean in the Web3 ecosystem?

Decentralized Finance (DeFi) represents a financial system built entirely on blockchain networks. DeFi utilizes smart contracts to offer lending, borrowing, and trading services without relying on centralized institutions like commercial banks.

How do DeFi protocol tokens capture economic value?

DeFi protocol tokens capture economic value by granting token holders governance voting rights on software upgrades, and frequently by distributing a percentage of the protocol's transaction fees back to the token holders.

What is yield farming within the Decentralized Finance (DeFi) sector?

Yield farming is a popular DeFi strategy where users lock their cryptocurrency assets into protocol liquidity pools. In exchange for providing this liquidity, users earn rewards in the form of interest or newly minted DeFi tokens.

Are decentralized finance (DeFi) lending platforms safe to use?

While DeFi platforms offer transparency, DeFi lending platforms carry inherent risks such as smart contract coding vulnerabilities, extreme asset price volatility, and potential liquidation events during sudden market downturns.

What is a Decentralized Exchange (DEX) in the DeFi ecosystem?

How do Automated Market Makers (AMMs) work in DeFi protocols?

What is impermanent loss when providing liquidity to DeFi platforms?

Disclaimer

The inclusion of digital assets in the Decentralized Finance (DeFi) sector, along with the classification rules and market data, are sourced from independent third parties. Listing a token in this category does not constitute an endorsement, guarantee, or investment recommendation by MEXC. All content is for informational purposes only. Cryptocurrency prices are subject to market fluctuations; please conduct your own research (DYOR) and trade cautiously.

Top Decentralized Finance (DeFi) Tokens by Market Capitalization

Tradable Crypto

Category

Decentralized Finance (DeFi)

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Proof of Work (PoW)

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Frequently Asked Questions

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