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

$ 0.140819

-1.61%

-0.05%

-7.09%

$ 176.40M

$ 54.94K

Zebec Network

ZBCN

$ 0.0017023

-0.25%

-5.68%

-10.30%

$ 168.97M

$ 139.51M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.29

+0.78%

-0.09%

-7.19%

$ 162.34M

$ 8.36M

THORChain

RUNE

$ 0.4884

+0.39%

-5.99%

+3.90%

$ 160.35M

$ 438.06K

Vision

VSN

$ 0.04159

+0.10%

+0.07%

-0.10%

$ 152.58M

$ 1.39M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 150.16M

$ 92.09K

Frax Ether

FRXETH

$ 2,394.92

+0.20%

-0.04%

-2.94%

$ 147.28M

$ 1.24M

DEXE

$ 1.749

0.00%

-2.89%

-3.16%

$ 146.20M

$ 44.11K

Telcoin

TEL

$ 0.001476

-0.94%

-9.53%

-17.96%

$ 141.47M

$ 67.98M

Kamino

KMNO

$ 0.02487

+0.44%

+0.16%

-4.49%

$ 137.94M

$ 2.34M

Derive

DRV

$ 0.136712

+0.70%

-0.02%

-10.95%

$ 136.46M

$ 3.91M

1INCH

$ 0.08811

+0.76%

-5.67%

-3.38%

$ 123.68M

$ 683.39K

Bybit Staked SOL

BBSOL

$ 113.26

+0.27%

-0.05%

-4.66%

$ 121.54M

$ 215.21K

AWE Network

AWE

$ 0.06292

-0.95%

+2.95%

+5.98%

$ 121.50M

$ 987.53K

Horizen

ZEN

$ 6.261

+0.60%

-1.54%

-12.87%

$ 113.59M

$ 29.21K

Staked Frax Ether

SFRXETH

$ 2,789.19

-0.02%

-0.05%

-2.97%

$ 103.79M

$ 15.17K

Nexus Mutual

NXM

$ 61.62

-0.03%

-0.04%

-2.98%

$ 103.37M

SoSoValue

SOSO

$ 0.2901

+0.14%

-1.83%

-0.31%

$ 99.25M

$ 287.55K

ZRX

$ 0.10992

+0.32%

-1.79%

+6.63%

$ 93.82M

$ 909.66K

Instadapp

FLUID

$ 1.1088

0.00%

-7.42%

-5.38%

$ 92.80M

$ 1.68K

dYdX

DYDX

$ 0.10533

+1.02%

-7.35%

-9.10%

$ 89.04M

$ 1.01M

Origin Ether

OETH

$ 2,394.93

+0.15%

-0.04%

-3.23%

$ 86.62M

$ 117.02K

Reserve Rights

RSR

$ 0.001363

+0.52%

-5.03%

-3.14%

$ 85.01M

$ 45.39M

DeepBook

DEEP

$ 0.0144

+0.84%

-6.13%

-8.82%

$ 82.44M

$ 4.00M

Huma Finance

HUMA

$ 0.02272

+0.84%

-0.22%

-0.91%

$ 80.63M

$ 2.97M

Orca

ORCA

$ 1.3137

+0.48%

-3.87%

-7.83%

$ 79.21M

$ 62.44K

BULLA

$ 0.066041

-1.49%

-2.60%

-12.43%

$ 75.00M

$ 8.42M

CoW Protocol

COW

$ 0.1309

+0.77%

-3.40%

-2.61%

$ 74.94M

$ 425.12K

Lista USD

LISUSD

$ 0.997315

-0.08%

0.00%

-0.01%

$ 74.10M

$ 12.31K

GMX

$ 7.069

+0.43%

-5.72%

-6.96%

$ 73.82M

$ 7.93K

YearnFinance

YFI

$ 2,048.5

+0.23%

-5.85%

-6.91%

$ 73.58M

$ 26.12

Bedrock

$ 0.2295

-1.78%

-52.36%

-21.38%

$ 73.09M

$ 837.23K

VELO

$ 0.00392

-0.13%

-7.66%

-23.11%

$ 68.85M

$ 11.74M

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

+0.00%

0.00%

$ 68.29M

SNX

$ 0.1985

+0.71%

-6.35%

-7.49%

$ 68.04M

$ 360.69K

Numeraire

NMR

$ 8.645

+0.16%

-4.22%

-5.12%

$ 64.62M

$ 6.22K

Treehouse ETH

TETH

$ 3,001.6

+0.20%

-0.04%

-3.05%

$ 61.32M

$ 70.73K

BERA

$ 0.1815

0.00%

-2.43%

+1.40%

$ 60.51M

$ 351.12K

Turbo

TURBO

$ 0.0008689

+0.61%

-3.93%

-10.08%

$ 59.59M

$ 95.85M

SUSHI

$ 0.2074

+0.58%

-4.30%

-6.21%

$ 59.32M

$ 297.23K

NOXO

$ 0.344594

0.00%

+0.01%

+4.56%

$ 57.43M

$ 2.05K

Spark

SPK

$ 0.01814

+1.17%

-2.15%

-7.06%

$ 56.07M

$ 2.94M

Kinetiq

KNTQ

$ 0.194449

+0.13%

-0.04%

-8.74%

$ 54.54M

$ 1.25M

Brazilian Digital

BRZ

$ 0.193633

+0.01%

0.00%

-0.88%

$ 52.84M

$ 7.19K

cETH

CETH

$ 48.21

+0.04%

-0.04%

-3.04%

$ 52.83M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Threshold

$ 0.004404

+1.18%

-8.24%

+5.08%

$ 49.80M

$ 27.67M

Savings xDAI

SDAI

$ 1.26

0.00%

+0.00%

0.00%

$ 49.63M

$ 368.42K

100

Babylon

BABY

$ 0.010618

+1.01%

-5.47%

-3.82%

$ 49.05M

$ 8.38M

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