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

$ 0.140823

0.00%

-0.02%

-7.09%

$ 176.41M

$ 54.88K

Derive

DRV

$ 0.174411

+18.52%

+0.24%

+11.49%

$ 173.42M

$ 10.17M

Zebec Network

ZBCN

$ 0.0016925

-0.77%

-6.11%

-9.20%

$ 169.42M

$ 140.62M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.31

+1.55%

-0.07%

-5.76%

$ 166.63M

$ 8.53M

THORChain

RUNE

$ 0.4884

0.00%

-4.81%

+1.73%

$ 159.96M

$ 442.42K

Vision

VSN

$ 0.0415

-0.36%

-0.41%

+1.07%

$ 151.88M

$ 1.37M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 150.17M

$ 98.49K

Frax Ether

FRXETH

$ 2,398.78

+0.42%

-0.03%

-3.06%

$ 147.46M

$ 1.24M

DEXE

$ 1.738

+0.69%

-2.67%

-2.12%

$ 146.79M

$ 44.29K

Telcoin

TEL

$ 0.001478

+0.41%

-7.80%

-17.57%

$ 142.14M

$ 69.24M

Kamino

KMNO

$ 0.02488

+0.16%

0.00%

-3.90%

$ 137.72M

$ 2.38M

1INCH

$ 0.08788

+0.49%

-4.36%

-2.91%

$ 124.58M

$ 685.90K

Bybit Staked SOL

BBSOL

$ 113.88

+0.52%

-0.03%

-4.13%

$ 122.18M

$ 213.31K

AWE Network

AWE

$ 0.06149

+0.55%

+1.17%

+5.68%

$ 121.11M

$ 1.03M

Horizen

ZEN

$ 6.275

+1.01%

+0.81%

-10.68%

$ 115.68M

$ 28.90K

Staked Frax Ether

SFRXETH

$ 2,796.92

-0.12%

-0.04%

-2.84%

$ 104.08M

$ 3.42K

Nexus Mutual

NXM

$ 61.91

+0.11%

-0.03%

-2.63%

$ 103.89M

SoSoValue

SOSO

$ 0.2927

+1.07%

-0.91%

-1.15%

$ 100.00M

$ 292.96K

Instadapp

FLUID

$ 1.1038

0.00%

-6.54%

-6.69%

$ 92.80M

$ 1.45K

ZRX

$ 0.10886

-1.10%

-1.51%

+6.60%

$ 92.80M

$ 916.31K

dYdX

DYDX

$ 0.1053

+0.49%

-6.05%

-9.32%

$ 89.53M

$ 1.01M

Origin Ether

OETH

$ 2,401.85

+0.06%

-0.03%

-3.12%

$ 86.87M

$ 116.34K

Reserve Rights

RSR

$ 0.001354

+0.07%

-5.03%

-3.48%

$ 85.07M

$ 45.24M

DeepBook

DEEP

$ 0.014425

+0.27%

-3.64%

-7.44%

$ 83.58M

$ 3.99M

Huma Finance

HUMA

$ 0.02262

+0.22%

0.00%

-2.25%

$ 80.13M

$ 2.96M

Orca

ORCA

$ 1.309

+0.17%

-1.80%

-7.94%

$ 79.98M

$ 62.60K

CoW Protocol

COW

$ 0.1308

+0.15%

-2.17%

-1.58%

$ 74.94M

$ 435.03K

Lista USD

LISUSD

$ 0.998167

0.00%

+0.08%

$ 74.16M

$ 6.44K

GMX

$ 7.075

+0.07%

-4.52%

-7.34%

$ 73.92M

$ 8.08K

YearnFinance

YFI

$ 2,030.5

+0.34%

-5.13%

-7.36%

$ 73.37M

$ 26.02

VELO

$ 0.003898

+0.38%

-7.28%

-21.08%

$ 69.31M

$ 11.71M

SNX

$ 0.1981

+0.10%

-4.66%

-7.76%

$ 68.39M

$ 364.35K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.11M

Bedrock

$ 0.2225

+2.48%

-46.68%

-22.80%

$ 67.42M

$ 848.85K

BULLA

$ 0.064

+2.44%

-10.85%

-27.22%

$ 67.20M

$ 17.58M

Numeraire

NMR

$ 8.629

-0.08%

-3.81%

-6.80%

$ 64.60M

$ 6.14K

Treehouse ETH

TETH

$ 3,005.7

-0.33%

-0.03%

-3.12%

$ 61.41M

$ 65.95K

Turbo

TURBO

$ 0.0008656

+0.49%

-2.55%

-9.91%

$ 59.95M

$ 90.44M

BERA

$ 0.1783

+0.06%

-3.55%

0.00%

$ 59.94M

$ 351.73K

SUSHI

$ 0.207

+0.63%

-3.62%

-5.43%

$ 59.49M

$ 299.77K

NOXO

$ 0.344516

0.00%

+0.01%

+4.54%

$ 57.42M

$ 1.92K

Spark

SPK

$ 0.01809

+1.23%

-1.69%

-8.28%

$ 55.70M

$ 2.98M

Kinetiq

KNTQ

$ 0.194549

+0.13%

-0.04%

-9.47%

$ 54.57M

$ 1.32M

cETH

CETH

$ 48.43

+0.37%

-0.03%

-3.02%

$ 52.99M

Brazilian Digital

BRZ

$ 0.193825

+0.01%

+0.00%

-0.84%

$ 52.89M

$ 7.83K

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Savings xDAI

SDAI

$ 1.26

0.00%

+0.01%

0.00%

$ 49.65M

$ 367.19K

Babylon

BABY

$ 0.010751

+0.27%

-3.29%

-3.66%

$ 49.46M

$ 8.54M

100

SPACE ID

$ 0.03286

+0.79%

-3.92%

+1.38%

$ 48.93M

$ 2.35M

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

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Frequently Asked Questions

Disclaimer