Top Lending & Borrowing Protocol Tokens by Market Capitalisation

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralise 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 utilised for decentralised governance, revenue sharing, and incentivising protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 90.31
-0.81%
+0.05%
+26.76%
$ 1.40B
$ 6.06K
2
MORPHO
MORPHO
MORPHO
$ 1.9074
-0.16%
+6.66%
+15.96%
$ 960.81M
$ 42.82K
3
Olympus
Olympus
OHM
$ 15.67
+0.38%
-1.63%
-3.92%
$ 234.01M
$ 191.48K
4
Maple Finance
Maple Finance
SYRUP
$ 0.14177
-0.05%
+4.75%
+9.98%
$ 170.46M
$ 672.88K
5
Compound
Compound
COMP
$ 15.67
-0.13%
-0.82%
-6.32%
$ 157.00M
$ 4.81K
6
Kamino
Kamino
KMNO
$ 0.01867
-0.21%
-6.49%
-3.65%
$ 90.68M
$ 3.25M
7
Quantix Finance
Quantix Finance
QFI
$ 59.052
-0.11%
-0.50%
+4.30%
$ 59.06M
$ 5.89K
8
Spark
Spark
SPK
$ 0.01705
-0.29%
+1.12%
-0.52%
$ 48.18M
$ 3.02M
9
Venus
Venus
XVS
$ 2.4083
+0.04%
-2.40%
-8.33%
$ 39.27M
$ 23.65K
10
Zest Protocol
Zest Protocol
ZEST
$ 0.23559
+0.44%
-2.82%
-12.58%
$ 34.35M
$ 429.55K
11
deBridge
deBridge
DBR
$ 0.01545
+0.13%
-1.60%
+1.45%
$ 29.60M
$ 3.29M
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002777
-0.11%
-0.96%
-8.88%
$ 27.68M
$ 2.81T
13
Euler Finance
Euler Finance
EUL
$ 1.0152
-0.43%
-0.11%
+1.34%
$ 24.42M
$ 63.92K
14
CoinDepo
CoinDepo
COINDEPO
$ 0.07963
-0.01%
+0.11%
+1.19%
$ 19.93M
$ 3.63M
15
Yei Finance
Yei Finance
CLO
$ 0.1472
-0.87%
+6.83%
-35.01%
$ 18.98M
$ 2.26M
16
Lista DAO
Lista DAO
LISTA
$ 0.04608
-0.24%
-1.29%
-12.24%
$ 18.83M
$ 1.23M
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.9385
-3.01%
+13.53%
+6.06%
$ 16.12M
$ 398.30K
18
Moonwell
Moonwell
WELL
$ 0.00343499
+2.26%
+1.49%
-3.57%
$ 15.40M
$ 894.79K
19
Abelian
Abelian
ABEL
$ 0.08666
-0.09%
-0.78%
+1.95%
$ 10.23M
$ 250.13K
20
Dolomite
Dolomite
DOLO
$ 0.02267
-0.13%
-1.81%
-7.06%
$ 10.05M
$ 2.38M
21
BENQI
BENQI
QI
$ 0.00110227
-0.32%
-2.16%
-10.02%
$ 7.94M
$ 1.76M
22
Xauras
Xauras
XRS
$ 0.02976021
0.00%
+0.00%
-0.01%
$ 6.65M
$ 14.14K
23
HyperLend
HyperLend
HPL
$ 0.01658076
+0.40%
+8.52%
+34.72%
$ 6.42M
$ 21.83K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.00704
+0.21%
-0.10%
+4.67%
$ 5.75M
$ 7.80M
25
Goldfinch
Goldfinch
GFI
$ 0.0508
+0.65%
-1.58%
-11.98%
$ 4.46M
$ 1.09M
26
Gearbox
Gearbox
GEAR
$ 0.00041101
-0.16%
-1.63%
-1.38%
$ 4.11M
$ 4.18K
27
Suilend
Suilend
SEND
$ 0.05274
-1.52%
+6.48%
+4.87%
$ 3.71M
$ 1.09M
28
Avalon
Avalon
AVL
$ 0.02119
-0.14%
-2.18%
-18.82%
$ 3.41M
$ 2.67M
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.166947
-0.18%
-1.60%
-2.22%
$ 3.39M
$ 758.69
30
Wise
Wise
WISE
$ 0.083724
+0.06%
+2.45%
-12.34%
$ 1.82M
$ 25.36K
31
Reservoir
Reservoir
DAM
$ 0.0070682
+0.17%
+2.41%
+3.65%
$ 1.77M
$ 11.09K
32
Blend
Blend
BLND
$ 0.0446138
-0.77%
+0.54%
-0.89%
$ 1.57M
$ 2.74K
33
Scallop
Scallop
SCA
$ 0.0097
0.00%
0.00%
-11.01%
$ 1.56M
$ 87.58K
34
Hatom
Hatom
HTM
$ 0.01349026
-0.57%
+2.86%
+5.90%
$ 1.07M
$ 2.55K
35
TrueFi
TrueFi
TRU
$ 0.00084835
-0.97%
-1.11%
-6.02%
$ 1.07M
$ 10.00K
36
MEZO
MEZO
MEZO
$ 0.01168
-0.17%
-5.24%
-20.91%
$ 1.01M
$ 4.65M
37
Radiant Capital
Radiant Capital
RDNT
$ 0.0006509
-0.14%
-10.38%
-18.89%
$ 935.26K
$ 206.95K
38
DefiTuna
DefiTuna
TUNA
$ 0.00209342
-0.08%
+14.05%
+1.46%
$ 589.30K
$ 2.63K
39
Nostra
Nostra
NSTR
$ 0.00526322
0.00%
+0.74%
-1.36%
$ 526.32K
$ 363.11
40
Pixie Dust
Pixie Dust
DUST
$ 0.24443
-0.01%
-0.15%
-34.24%
$ 483.50K
$ 21.80K
41
Celsius Network
Celsius Network
CEL
$ 0.01086978
-0.01%
+6.28%
-3.03%
$ 388.14K
$ 221.74
42
dForce
dForce
DF
$ 0.00036645
0.00%
+1.32%
+1.11%
$ 366.43K
$ 2.75
43
Notional Finance
Notional Finance
NOTE
$ 0.00586508
0.00%
0.00%
-13.72%
$ 275.82K
$ 437.63
44
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00599755
+0.07%
-0.07%
-16.29%
$ 244.18K
$ 455.80
45
LO0P
LO0P
LO0P
$ 0.187102
-0.06%
+0.97%
-7.58%
$ 187.10K
$ 435.17
46
Paystream
Paystream
PAYS
$ 0.0438101
+0.08%
+0.65%
+0.73%
$ 159.25K
$ 1.55K
47
Neptune
Neptune
NEPT
$ 0.03704762
-0.30%
+0.61%
+1.32%
$ 142.31K
$ 24.89
48
BendDAO
BendDAO
BEND
$ 2.473E-5
+0.16%
+0.35%
-14.43%
$ 101.56K
--
49
Pike Finance
Pike Finance
P
$ 0.00039696
0.00%
-0.00%
+0.12%
$ 91.33K
$ 49.79
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00047172
-0.10%
-0.32%
-11.63%
$ 71.55K
$ 465.55

Frequently Asked Questions

How do decentralised lending and borrowing protocols function without traditional banks?
Decentralised 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-collateralisation in decentralised finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralisation 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 utilisation 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.