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

$ 0.143115

+1.97%

-0.03%

-6.45%

$ 179.08M

$ 57.08K

Zebec Network

ZBCN

$ 0.0017087

+0.28%

-6.90%

-6.50%

$ 170.36M

$ 126.50M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.3

+0.78%

-0.09%

-6.47%

$ 163.63M

$ 8.41M

THORChain

RUNE

$ 0.4884

+0.18%

-5.84%

+2.13%

$ 161.11M

$ 416.99K

Vision

VSN

$ 0.04161

+0.34%

-0.24%

+0.75%

$ 152.91M

$ 1.46M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 150.22M

$ 110.49K

DEXE

$ 1.775

0.00%

-0.89%

-2.09%

$ 149.21M

$ 43.39K

Frax Ether

FRXETH

$ 2,405.12

+0.59%

-0.04%

-2.27%

$ 147.92M

$ 1.26M

Telcoin

TEL

$ 0.00149

+0.54%

-9.72%

-16.90%

$ 143.78M

$ 70.00M

Kamino

KMNO

$ 0.02497

+0.48%

+1.01%

-3.79%

$ 138.91M

$ 2.31M

Derive

DRV

$ 0.13666

+0.32%

-0.04%

-11.16%

$ 136.62M

$ 3.84M

1INCH

$ 0.08737

+0.59%

-5.58%

-3.07%

$ 123.93M

$ 668.86K

Bybit Staked SOL

BBSOL

$ 113.81

+0.39%

-0.05%

-3.70%

$ 121.64M

$ 206.95K

AWE Network

AWE

$ 0.06231

+1.18%

+3.24%

+5.47%

$ 121.32M

$ 991.62K

Horizen

ZEN

$ 6.19

+0.89%

-1.53%

-11.57%

$ 114.47M

$ 28.51K

Staked Frax Ether

SFRXETH

$ 2,798.24

+0.16%

-0.05%

-2.41%

$ 104.14M

$ 15.57K

Nexus Mutual

NXM

$ 62.01

+0.45%

-0.03%

-1.84%

$ 104.03M

SoSoValue

SOSO

$ 0.2884

+0.49%

-2.95%

-2.92%

$ 97.88M

$ 287.07K

ZRX

$ 0.10888

+0.41%

-3.78%

+6.13%

$ 92.92M

$ 913.11K

Instadapp

FLUID

$ 1.1088

0.00%

-6.64%

-6.46%

$ 92.80M

$ 1.80K

dYdX

DYDX

$ 0.10586

+1.51%

-6.65%

-8.35%

$ 89.99M

$ 1.00M

Origin Ether

OETH

$ 2,408.54

+0.47%

-0.04%

-2.24%

$ 87.11M

$ 120.70K

Reserve Rights

RSR

$ 0.001362

+0.74%

-4.82%

-8.76%

$ 85.32M

$ 45.11M

DeepBook

DEEP

$ 0.014259

+0.93%

-6.00%

-6.67%

$ 82.50M

$ 3.99M

Huma Finance

HUMA

$ 0.02266

+0.40%

-1.13%

-1.81%

$ 80.63M

$ 2.91M

Orca

ORCA

$ 1.3184

+1.24%

-3.08%

-8.71%

$ 80.44M

$ 59.88K

Bedrock

$ 0.255

+1.90%

-51.56%

-17.23%

$ 77.65M

$ 785.50K

CoW Protocol

COW

$ 0.1305

+0.77%

-3.32%

-1.13%

$ 75.19M

$ 415.28K

BULLA

$ 0.074334

+0.61%

+0.12%

-7.63%

$ 74.67M

$ 3.72M

Lista USD

LISUSD

$ 0.998559

-0.04%

0.00%

+0.09%

$ 74.19M

$ 11.52K

YearnFinance

YFI

$ 2,043.3

+0.50%

-5.43%

-6.43%

$ 74.07M

$ 26.30

GMX

$ 7.051

+0.27%

-5.72%

-3.66%

$ 74.06M

$ 7.81K

VELO

$ 0.003937

+0.43%

-7.24%

-21.84%

$ 69.73M

$ 9.14M

SNX

$ 0.1987

+0.66%

-5.86%

-6.61%

$ 68.59M

$ 357.81K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.21M

Numeraire

NMR

$ 8.654

+0.46%

-4.18%

-4.78%

$ 65.10M

$ 6.22K

Treehouse ETH

TETH

$ 3,013.29

+0.36%

-0.04%

-2.20%

$ 61.57M

$ 71.71K

BERA

$ 0.1823

+0.95%

-1.68%

+1.62%

$ 60.66M

$ 343.24K

Turbo

TURBO

$ 0.0008695

+1.35%

-3.07%

-9.68%

$ 60.41M

$ 98.70M

SUSHI

$ 0.208

+1.31%

-2.20%

-5.00%

$ 60.01M

$ 285.34K

NOXO

$ 0.344624

0.00%

+0.01%

+5.29%

$ 57.44M

$ 2.08K

Spark

SPK

$ 0.01811

+1.28%

-1.09%

-6.85%

$ 56.19M

$ 2.95M

Kinetiq

KNTQ

$ 0.195139

+0.47%

-0.04%

-7.96%

$ 54.73M

$ 1.17M

cETH

CETH

$ 48.48

+0.46%

-0.04%

-2.24%

$ 53.04M

Brazilian Digital

BRZ

$ 0.194309

+0.26%

-0.00%

-0.63%

$ 53.03M

$ 2.57K

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Threshold

$ 0.004481

-0.49%

-17.98%

+3.64%

$ 49.91M

$ 27.10M

Savings xDAI

SDAI

$ 1.26

0.00%

+0.00%

0.00%

$ 49.76M

$ 369.04K

100

Babylon

BABY

$ 0.010689

+0.21%

-4.77%

-3.27%

$ 49.48M

$ 13.54M

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