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

Hyperliquid

HYPE

$ 93.27

+0.92%

+17.68%

+20.64%

$ 23.61B

$ 66.56K

Lido Staked ETH

STETH

$ 2,247.9

+0.16%

-2.83%

-5.46%

$ 21.79B

$ 25.51

Wrapped stETH

WSTETH

$ 2,800.98

+0.19%

-0.03%

-5.44%

$ 10.40B

$ 142.62M

Chainlink

LINK

$ 11.145

+1.07%

-2.91%

-5.79%

$ 7.31B

$ 157.86K

Bitway

BTW

$ 1.477648

-1.84%

-17.75%

-15.35%

$ 4.30B

$ 505.96K

UNISWAP

UNI

$ 6.819

+1.15%

-2.50%

-0.90%

$ 4.29B

$ 255.50K

Ethena

ENA

$ 0.18829

+1.68%

-4.05%

-3.20%

$ 2.53B

$ 542.68M

AaveToken

AAVE

$ 126.89

+1.64%

-3.34%

-11.57%

$ 1.96B

$ 5.87K

Ondo

ONDO

$ 0.39359

+1.00%

-3.45%

-4.96%

$ 1.92B

$ 2.54M

Aster

ASTER

$ 0.6932

+0.07%

-1.47%

-1.70%

$ 1.87B

$ 3.43M

Sky Protocol

SKY

$ 0.06501

-0.73%

+0.73%

-7.96%

$ 1.52B

$ 1.27M

JUST

JST

$ 0.13855

-0.01%

-1.21%

-1.47%

$ 1.11B

$ 562.02K

MORPHO

$ 2.0043

-0.09%

-8.24%

-9.61%

$ 1.08B

$ 101.99K

Binance Staked SOL

BNSOL

$ 110.92

+0.56%

-0.02%

-4.31%

$ 1.06B

$ 3.61M

Polygon Ecosystem

POL

$ 0.08917

+0.92%

-2.17%

-1.82%

$ 945.92M

$ 4.75M

syrupUSDC

SYRUPUSDC

$ 1.19

0.00%

-0.00%

0.00%

$ 934.69M

$ 11.03M

Jupiter

JUP

$ 0.2571

+1.10%

-4.79%

-13.88%

$ 850.75M

$ 1.22M

Jupiter Perpetuals Liquidity Provider Token

JLP

$ 4.38

+0.46%

-0.01%

-2.45%

$ 823.67M

$ 9.08M

Injective

INJ

$ 7.389

+0.67%

-3.52%

-3.93%

$ 740.48M

$ 786.16K

Lighter

LIT

$ 2.941

+1.26%

+3.36%

-5.21%

$ 739.38M

$ 12.94M

PancakeSwap

CAKE

$ 1.894

+0.69%

-7.26%

-10.40%

$ 658.90M

$ 1.25M

Aerodrome Finance

AERO

$ 0.6252

-0.66%

-10.37%

-16.94%

$ 608.45M

$ 6.03M

Ether.Fi Foundation

ETHFI

$ 0.6061

+1.05%

-5.59%

-5.18%

$ 592.05M

$ 9.39M

Pyth Network

PYTH

$ 0.06167

+1.82%

-12.01%

-12.93%

$ 488.33M

$ 34.51M

TIA

$ 0.4605

+0.28%

-11.83%

-16.97%

$ 452.51M

$ 4.21M

Raydium

RAY

$ 1.6487

+1.44%

-0.53%

-8.46%

$ 451.68M

$ 128.89K

Curve

CRV

$ 0.2731

+0.63%

-16.50%

-23.35%

$ 432.91M

$ 4.59M

Staked USDai

SUSDAI

$ 1.12

0.00%

+0.90%

$ 398.03M

$ 7.45M

PayFi Strategy Token USDC

PSTUSDC

$ 1.14

0.00%

$ 391.66M

$ 549.27K

SEI

$ 0.0485

+0.45%

-6.20%

-12.50%

$ 374.13M

$ 5.17M

Plasma

XPL

$ 0.07702

+0.39%

+2.29%

+1.15%

$ 365.18M

$ 13.43M

StakeWise Staked ETH

OSETH

$ 2,421.01

+0.27%

-0.03%

-5.45%

$ 356.28M

$ 96.13

syrupUSDG

SYRUPUSDG

$ 1.017

0.00%

+0.10%

$ 338.00M

$ 67.13K

tBTC

TBTC

$ 78,539

+0.37%

-0.02%

-2.70%

$ 328.26M

$ 16.87M

SUN

$ 0.016635

+0.26%

+3.84%

+2.89%

$ 323.33M

$ 17.79M

Falcon Finance

$ 0.09329

-0.24%

-0.68%

-5.21%

$ 313.81M

$ 863.32K

Staked Aave

STKAAVE

$ 125.57

+1.50%

-0.04%

-11.59%

$ 311.10M

$ 7.40K

Pendle

PENDLE

$ 1.73

+1.40%

-9.18%

-13.94%

$ 302.77M

$ 793.98K

Olympus

OHM

$ 19.11

+0.05%

-0.00%

-1.80%

$ 285.42M

$ 1.24M

Gnosis

GNO

$ 107.58

+0.37%

-2.12%

-4.68%

$ 284.51M

$ 710.20

Lido DAO

LDO

$ 0.3286

+0.99%

-10.54%

-14.05%

$ 270.44M

$ 1.48M

Derive

DRV

$ 0.3291

+1.46%

-11.06%

-15.52%

$ 241.32M

$ 196.53K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.026

0.00%

$ 237.25M

Terra Classic

LUNC

$ 0.0000431

+0.54%

-4.03%

-5.82%

$ 236.51M

$ 3.90B

THORChain

RUNE

$ 0.6887

+5.77%

+16.45%

+12.20%

$ 232.88M

$ 2.91M

Marinade Staked SOL

MSOL

$ 138.17

+0.68%

-0.02%

-3.99%

$ 220.43M

$ 6.78M

Zebec Network

ZBCN

$ 0.0020671

-0.21%

+2.25%

-2.42%

$ 208.78M

$ 108.77M

JITO

JTO

$ 0.3737

+0.67%

-6.49%

-15.06%

$ 201.36M

$ 217.76K

Compound

COMP

$ 20.26

-0.84%

-6.40%

-16.44%

$ 200.20M

$ 4.04K

Kamino

KMNO

$ 0.03387

+0.06%

-11.01%

-21.31%

$ 198.33M

$ 1.80M

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)

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Proof of Work (PoW)

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