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

$ 0.143121

0.00%

-0.03%

-5.57%

$ 179.29M

$ 57.10K

Zebec Network

ZBCN

$ 0.0016926

-0.18%

-5.29%

-6.31%

$ 169.65M

$ 132.32M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.29

0.00%

-0.09%

-7.19%

$ 162.60M

$ 8.40M

THORChain

RUNE

$ 0.486

-0.29%

-5.99%

+2.78%

$ 160.48M

$ 422.83K

Vision

VSN

$ 0.04138

-0.14%

-0.36%

+0.12%

$ 152.07M

$ 1.41M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 150.18M

$ 110.70K

Frax Ether

FRXETH

$ 2,399.03

-0.02%

-0.04%

-2.80%

$ 147.55M

$ 1.24M

DEXE

$ 1.743

-0.73%

-1.89%

-3.40%

$ 147.46M

$ 43.85K

Telcoin

TEL

$ 0.00147

+0.13%

-8.71%

-16.83%

$ 143.10M

$ 68.11M

Kamino

KMNO

$ 0.02484

-0.80%

+0.28%

-4.45%

$ 137.92M

$ 2.34M

Derive

DRV

$ 0.135648

-0.20%

-0.03%

-10.79%

$ 135.61M

$ 3.79M

1INCH

$ 0.08676

-0.24%

-6.29%

-3.79%

$ 123.15M

$ 677.28K

AWE Network

AWE

$ 0.06329

-0.39%

+4.03%

+6.57%

$ 122.90M

$ 987.43K

Bybit Staked SOL

BBSOL

$ 113.14

-0.31%

-0.05%

-4.68%

$ 120.93M

$ 208.06K

Horizen

ZEN

$ 6.142

+0.15%

-1.24%

-11.76%

$ 113.87M

$ 28.58K

Staked Frax Ether

SFRXETH

$ 2,794.7

-0.07%

-0.04%

-2.62%

$ 104.00M

$ 15.21K

Nexus Mutual

NXM

$ 61.9

-0.11%

-0.03%

-2.40%

$ 103.84M

SoSoValue

SOSO

$ 0.2899

+0.03%

-1.93%

-0.55%

$ 98.98M

$ 287.65K

ZRX

$ 0.10898

+0.07%

-1.88%

+8.77%

$ 94.10M

$ 916.87K

Instadapp

FLUID

$ 1.1088

0.00%

-8.01%

-5.38%

$ 92.80M

$ 1.80K

dYdX

DYDX

$ 0.10394

-0.29%

-7.46%

-9.20%

$ 88.81M

$ 1.01M

Origin Ether

OETH

$ 2,397.68

-0.18%

-0.04%

-2.97%

$ 86.72M

$ 117.11K

Reserve Rights

RSR

$ 0.001347

-0.59%

-4.83%

-4.16%

$ 85.01M

$ 45.42M

DeepBook

DEEP

$ 0.014191

+0.27%

-6.76%

-7.11%

$ 82.27M

$ 3.98M

Huma Finance

HUMA

$ 0.02248

-0.53%

-0.79%

-1.00%

$ 80.45M

$ 2.96M

Orca

ORCA

$ 1.2933

-0.40%

-3.51%

-7.61%

$ 79.64M

$ 62.33K

Bedrock

$ 0.2346

+0.32%

-51.31%

-20.24%

$ 75.84M

$ 798.22K

CoW Protocol

COW

$ 0.1292

-0.53%

-3.61%

-1.51%

$ 74.91M

$ 422.13K

BULLA

$ 0.07555

+1.18%

+0.86%

-11.56%

$ 74.66M

$ 3.59M

Lista USD

LISUSD

$ 1.001

+0.31%

+0.00%

+0.35%

$ 74.35M

$ 7.71K

YearnFinance

YFI

$ 2,027.9

-0.32%

-5.61%

-6.27%

$ 73.84M

$ 26.14

GMX

$ 6.996

-1.01%

-6.08%

-6.78%

$ 73.50M

$ 7.89K

VELO

$ 0.003948

0.00%

-6.59%

-21.88%

$ 69.92M

$ 11.52M

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.15M

SNX

$ 0.1956

-0.60%

-6.40%

-7.28%

$ 68.04M

$ 359.06K

Numeraire

NMR

$ 8.568

-0.64%

-4.11%

-4.43%

$ 64.94M

$ 6.24K

Treehouse ETH

TETH

$ 3,009.08

+0.05%

-0.04%

-2.67%

$ 61.48M

$ 71.61K

BERA

$ 0.1795

-0.54%

-1.08%

+3.27%

$ 61.17M

$ 349.48K

Turbo

TURBO

$ 0.0008575

-0.46%

-3.72%

-9.32%

$ 59.80M

$ 98.58M

SUSHI

$ 0.2051

-0.19%

-4.20%

-6.03%

$ 59.49M

$ 294.82K

NOXO

$ 0.34461

0.00%

+0.01%

+4.57%

$ 57.44M

$ 2.05K

Spark

SPK

$ 0.01797

-0.17%

-2.48%

-6.37%

$ 55.76M

$ 2.93M

Kinetiq

KNTQ

$ 0.194513

-0.19%

-0.05%

-8.36%

$ 54.56M

$ 1.28M

cETH

CETH

$ 48.3

+0.15%

-0.04%

-2.86%

$ 52.85M

Brazilian Digital

BRZ

$ 0.193621

+0.01%

-0.00%

-0.97%

$ 52.84M

$ 6.86K

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Savings xDAI

SDAI

$ 1.26

0.00%

-0.00%

0.00%

$ 49.62M

$ 373.10K

Babylon

BABY

$ 0.010483

-0.61%

-5.28%

-3.30%

$ 49.13M

$ 8.15M

100

Threshold

$ 0.004414

-1.24%

-18.84%

+2.60%

$ 48.90M

$ 25.10M

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