Top Lending & Borrowing Protocol Tokens by Market Capitalization

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralize them for cryptocurrency loans. These permissionless networks use smart contracts to automate interest rates based on real-time supply and demand dynamics. Native tokens are generally utilized for decentralized governance, revenue sharing, and incentivizing protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 75.31
-0.04%
-1.23%
+2.91%
$ 1.17B
$ 3.39K
2
MORPHO
MORPHO
MORPHO
$ 1.8153
-0.20%
-0.71%
-6.54%
$ 911.64M
$ 41.47K
3
Olympus
Olympus
OHM
$ 16.0
+0.13%
+0.52%
+1.39%
$ 238.93M
$ 111.47K
4
Compound
Compound
COMP
$ 18.14
-0.60%
+1.68%
+1.96%
$ 181.56M
$ 3.53K
5
Maple Finance
Maple Finance
SYRUP
$ 0.13605
-0.47%
-1.44%
-4.87%
$ 161.74M
$ 488.87K
6
Kamino
Kamino
KMNO
$ 0.02006
-0.59%
+4.13%
+9.32%
$ 97.60M
$ 3.15M
7
Quantix Finance
Quantix Finance
QFI
$ 54.288
+0.13%
-1.98%
-0.66%
$ 54.29M
$ 10.18K
8
Spark
Spark
SPK
$ 0.01825
-0.49%
+6.51%
-9.62%
$ 51.29M
$ 3.09M
9
Zest Protocol
Zest Protocol
ZEST
$ 0.30772
+0.46%
+19.72%
+10.83%
$ 43.91M
$ 748.24K
10
Venus
Venus
XVS
$ 2.6674
+0.03%
-2.81%
+3.87%
$ 43.66M
$ 19.93K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003248
-0.15%
-0.22%
-0.49%
$ 32.28M
$ 2.58T
12
Yei Finance
Yei Finance
CLO
$ 0.23127
-1.34%
+13.50%
+57.86%
$ 29.09M
$ 5.06M
13
deBridge
deBridge
DBR
$ 0.01464
+0.20%
+1.73%
+1.17%
$ 28.24M
$ 3.76M
14
Euler Finance
Euler Finance
EUL
$ 1.06
-0.25%
+1.94%
+3.64%
$ 25.38M
$ 63.11K
15
Lista DAO
Lista DAO
LISTA
$ 0.05459
-0.55%
-1.94%
+4.48%
$ 22.32M
$ 1.20M
16
CoinDepo
CoinDepo
COINDEPO
$ 0.07835
0.00%
+0.14%
+1.02%
$ 19.61M
$ 3.51M
17
Moonwell
Moonwell
WELL
$ 0.00370478
+0.46%
-2.63%
-1.13%
$ 16.68M
$ 2.46M
18
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8439
+1.59%
+2.46%
-17.91%
$ 14.93M
$ 377.83K
19
Dolomite
Dolomite
DOLO
$ 0.02572
+1.07%
-7.85%
+3.94%
$ 11.31M
$ 3.25M
20
Abelian
Abelian
ABEL
$ 0.09077
+0.46%
-1.59%
+11.25%
$ 10.69M
$ 234.92K
21
BENQI
BENQI
QI
$ 0.00125327
+0.02%
-3.21%
-8.94%
$ 9.02M
$ 499.46K
22
Goldfinch
Goldfinch
GFI
$ 0.06504
-1.51%
+1.62%
-16.95%
$ 5.71M
$ 930.38K
23
NAVI Protocol
NAVI Protocol
NAVX
$ 0.006732
-1.28%
-0.83%
-3.24%
$ 5.48M
$ 8.03M
24
HyperLend
HyperLend
HPL
$ 0.0126055
+0.01%
+0.15%
-3.28%
$ 4.86M
$ 20.25K
25
Avalon
Avalon
AVL
$ 0.02742
-0.04%
+1.29%
-10.27%
$ 4.44M
$ 2.03M
26
Gearbox
Gearbox
GEAR
$ 0.00043266
-0.17%
+0.42%
+2.12%
$ 4.33M
$ 1.50K
27
Suilend
Suilend
SEND
$ 0.05011
-0.12%
+1.03%
+1.01%
$ 3.55M
$ 1.09M
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.151633
-0.13%
-3.90%
-5.37%
$ 3.07M
$ 19.16
29
Wise
Wise
WISE
$ 0.099042
+0.19%
+10.41%
+7.49%
$ 2.16M
$ 25.23K
30
Reservoir
Reservoir
DAM
$ 0.009478
+0.38%
+4.07%
-1.66%
$ 1.89M
$ 6.20M
31
Scallop
Scallop
SCA
$ 0.0109
0.00%
-8.40%
-18.05%
$ 1.75M
$ 181.92K
32
Blend
Blend
BLND
$ 0.04461428
+0.17%
+0.01%
-12.67%
$ 1.57M
$ 2.43K
33
MEZO
MEZO
MEZO
$ 0.01515
+0.13%
+0.07%
+0.93%
$ 1.31M
$ 4.43M
34
TrueFi
TrueFi
TRU
$ 0.00090564
-0.13%
+1.01%
-22.34%
$ 1.14M
$ 144.68K
35
Hatom
Hatom
HTM
$ 0.01343853
-0.29%
-0.22%
-5.92%
$ 1.06M
$ 1.41K
36
Radiant Capital
Radiant Capital
RDNT
$ 0.00067857
+6.07%
+4.86%
+100.27%
$ 876.76K
$ 495.08K
37
Pixie Dust
Pixie Dust
DUST
$ 0.359719
-0.46%
-0.83%
-7.78%
$ 727.15K
$ 18.63K
38
Nostra
Nostra
NSTR
$ 0.00542147
+0.01%
-0.02%
-3.62%
$ 542.14K
$ 10.55
39
DefiTuna
DefiTuna
TUNA
$ 0.00163276
-2.92%
-5.16%
-9.25%
$ 459.62K
$ 20.00K
40
Celsius Network
Celsius Network
CEL
$ 0.01189965
+2.85%
-1.20%
+1.06%
$ 425.05K
$ 318.44
41
dForce
dForce
DF
$ 0.00036421
0.00%
-1.54%
+0.21%
$ 364.18K
$ 4.28
42
Notional Finance
Notional Finance
NOTE
$ 0.00679757
+0.06%
+0.43%
+2.39%
$ 319.14K
$ 1.48K
43
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00730982
+0.07%
-4.68%
+0.82%
$ 297.38K
$ 826.71
44
LO0P
LO0P
LO0P
$ 0.215482
-0.19%
-0.08%
-18.24%
$ 216.05K
$ 511.92
45
Paystream
Paystream
PAYS
$ 0.04469169
0.00%
-0.13%
-0.29%
$ 182.55K
$ 624.08
46
Neptune
Neptune
NEPT
$ 0.03743627
-0.12%
-1.39%
-4.88%
$ 143.49K
$ 28.88
47
BendDAO
BendDAO
BEND
$ 3.059E-5
0.00%
+0.09%
-3.53%
$ 125.64K
--
48
Silo Finance
Silo Finance
SILO
$ 0.00018354
0.00%
+0.21%
+77.11%
$ 112.36K
$ 237.18
49
Pike Finance
Pike Finance
P
$ 0.00039701
0.00%
+0.00%
-0.46%
$ 91.35K
$ 21.24
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00057688
+0.01%
+0.63%
-16.28%
$ 87.48K
$ 130.86

Frequently Asked Questions

How do decentralized lending and borrowing protocols function without traditional banks?
Decentralized lending protocols function via smart contracts that pool liquidity from depositors and automatically match them with borrowers, eliminating the need for banking intermediaries and credit checks.
What is over-collateralization in decentralized finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralization requires borrowers to deposit assets worth more than the value of the cryptocurrency they wish to borrow. This guarantees that lenders will always be repaid even if the borrower defaults.
How are interest rates determined on cryptocurrency lending protocols?
Interest rates on cryptocurrency lending protocols are determined algorithmically in real-time based on the utilization rate of the liquidity pool. High borrowing demand automatically triggers higher interest rates to attract more depositors.
What role do liquidation mechanisms play in securing DeFi borrowing platforms?
Liquidation mechanisms protect the protocol's solvency. If the value of a borrower's collateral drops below a specific threshold due to market volatility, smart contracts automatically sell the collateral to repay the debt and protect the lenders.

Disclaimer

The inclusion of digital assets in the Lending/Borrowing Protocols 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.