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

Ethena Staked ENA

SENA

$ 0.140821

0.00%

-0.02%

-7.09%

$ 176.40M

$ 54.93K

Zebec Network

ZBCN

$ 0.0017047

+0.54%

-4.87%

-8.56%

$ 171.34M

$ 140.39M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.3

+0.78%

-0.08%

-6.47%

$ 165.08M

$ 8.43M

THORChain

RUNE

$ 0.4868

+0.06%

-4.97%

+2.97%

$ 160.81M

$ 439.76K

Vision

VSN

$ 0.04139

+0.17%

-0.19%

+1.49%

$ 152.54M

$ 1.38M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 150.17M

$ 98.49K

Frax Ether

FRXETH

$ 2,394.22

-0.21%

-0.04%

-3.11%

$ 147.31M

$ 1.23M

DEXE

$ 1.748

-0.17%

-3.53%

-3.21%

$ 146.28M

$ 44.40K

Telcoin

TEL

$ 0.00148

0.00%

-8.48%

-17.71%

$ 142.14M

$ 67.86M

Derive

DRV

$ 0.138977

+0.49%

-0.00%

-12.24%

$ 138.95M

$ 4.09M

Kamino

KMNO

$ 0.02486

+0.08%

-4.37%

$ 138.05M

$ 2.33M

1INCH

$ 0.0876

-0.25%

-5.13%

-3.06%

$ 124.23M

$ 686.93K

Bybit Staked SOL

BBSOL

$ 113.81

+0.04%

-0.03%

-4.26%

$ 122.11M

$ 211.69K

AWE Network

AWE

$ 0.06221

-0.35%

+2.82%

+6.01%

$ 121.89M

$ 1.01M

Horizen

ZEN

$ 6.266

+0.73%

+0.72%

-11.34%

$ 115.88M

$ 29.32K

Staked Frax Ether

SFRXETH

$ 2,799.3

0.00%

-0.04%

-2.68%

$ 104.17M

$ 15.21K

Nexus Mutual

NXM

$ 62.09

+0.13%

-0.02%

-2.25%

$ 104.14M

SoSoValue

SOSO

$ 0.2887

-0.03%

-1.93%

-1.49%

$ 99.18M

$ 287.40K

ZRX

$ 0.10972

+0.11%

-1.86%

+6.86%

$ 93.23M

$ 912.25K

Instadapp

FLUID

$ 1.1088

0.00%

-7.33%

-6.69%

$ 92.80M

$ 1.52K

dYdX

DYDX

$ 0.10524

+0.09%

-6.75%

-9.01%

$ 89.15M

$ 1.01M

Origin Ether

OETH

$ 2,408.11

+0.08%

-0.03%

-2.80%

$ 87.09M

$ 115.72K

Reserve Rights

RSR

$ 0.001357

-0.07%

-4.69%

-3.27%

$ 85.20M

$ 45.00M

DeepBook

DEEP

$ 0.01446

+0.98%

-4.00%

-7.56%

$ 83.73M

$ 3.96M

Huma Finance

HUMA

$ 0.02255

+0.09%

-0.22%

-1.43%

$ 80.45M

$ 2.95M

Orca

ORCA

$ 1.3126

+0.25%

-2.29%

-7.42%

$ 80.06M

$ 62.44K

CoW Protocol

COW

$ 0.1306

+0.08%

-2.89%

-1.21%

$ 75.06M

$ 432.03K

GMX

$ 7.073

+0.27%

-4.51%

-6.14%

$ 74.15M

$ 7.96K

Lista USD

LISUSD

$ 0.997936

+0.04%

0.00%

+0.06%

$ 74.14M

$ 8.27K

YearnFinance

YFI

$ 2,028.4

-1.32%

-6.32%

-7.81%

$ 72.87M

$ 25.80

BULLA

$ 0.068001

+8.16%

-5.05%

-17.87%

$ 71.47M

$ 15.21M

VELO

$ 0.003926

+0.43%

-7.01%

-22.89%

$ 69.15M

$ 11.75M

SNX

$ 0.1981

0.00%

-5.61%

-7.46%

$ 68.39M

$ 362.42K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.20M

Bedrock

$ 0.217

-3.85%

-49.07%

-26.32%

$ 66.31M

$ 874.43K

Numeraire

NMR

$ 8.634

-0.12%

-4.08%

-5.57%

$ 64.66M

$ 6.19K

Treehouse ETH

TETH

$ 3,011.34

+0.17%

-0.03%

-2.78%

$ 61.53M

$ 70.91K

BERA

$ 0.1796

-0.94%

-3.49%

-0.06%

$ 60.08M

$ 348.60K

Turbo

TURBO

$ 0.0008635

+0.03%

-3.44%

-9.79%

$ 59.89M

$ 93.69M

SUSHI

$ 0.2059

+0.19%

-3.84%

-5.12%

$ 59.58M

$ 296.94K

NOXO

$ 0.344522

-0.02%

+0.01%

+4.54%

$ 57.42M

$ 1.92K

Spark

SPK

$ 0.01794

+0.17%

-1.57%

-6.63%

$ 56.00M

$ 2.90M

Kinetiq

KNTQ

$ 0.194624

+0.14%

-0.03%

-8.52%

$ 54.59M

$ 1.29M

cETH

CETH

$ 48.41

+0.19%

-0.03%

-2.77%

$ 52.97M

Brazilian Digital

BRZ

$ 0.193608

+0.03%

0.00%

-0.97%

$ 52.84M

$ 7.77K

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Savings xDAI

SDAI

$ 1.26

0.00%

+0.00%

0.00%

$ 49.60M

$ 367.74K

Babylon

BABY

$ 0.010694

+0.15%

-5.47%

-3.72%

$ 49.00M

$ 8.56M

100

Threshold

$ 0.004347

-0.11%

-8.12%

+3.90%

$ 48.99M

$ 29.04M

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)

Smart Contract Platform

Layer 1 (L1)

Proof of Work (PoW)

Other Crypto

New Crypto

Frequently Asked Questions

Disclaimer