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

$ 0.141652

0.00%

-0.04%

-9.23%

$ 177.25M

$ 50.07K

Zebec Network

ZBCN

$ 0.0016854

-0.36%

-6.87%

-7.65%

$ 170.22M

$ 130.37M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.29

-0.77%

-0.13%

-7.19%

$ 162.22M

$ 7.37M

THORChain

RUNE

$ 0.4881

-0.24%

-6.14%

+2.94%

$ 161.30M

$ 398.32K

Vision

VSN

$ 0.04164

0.00%

-1.38%

+0.92%

$ 152.47M

$ 1.44M

syrupUSDG

SYRUPUSDG

$ 1.011

-0.20%

0.00%

+0.10%

$ 150.21M

$ 144.27K

DEXE

$ 1.78

-0.67%

-1.99%

-6.25%

$ 148.29M

$ 43.51K

Frax Ether

FRXETH

$ 2,401.08

-0.12%

-0.07%

-2.09%

$ 147.67M

$ 1.27M

Telcoin

TEL

$ 0.001513

-0.85%

-8.02%

-16.07%

$ 146.66M

$ 70.29M

Derive

DRV

$ 0.138832

+0.10%

-0.02%

-14.01%

$ 138.79M

$ 4.36M

Kamino

KMNO

$ 0.02498

-0.56%

+0.52%

-6.13%

$ 138.14M

$ 2.31M

1INCH

$ 0.08748

-0.41%

-6.19%

-3.16%

$ 124.67M

$ 667.23K

Bybit Staked SOL

BBSOL

$ 113.72

-0.35%

-0.06%

-4.77%

$ 121.54M

$ 206.35K

AWE Network

AWE

$ 0.06203

-0.53%

+3.35%

+4.48%

$ 120.57M

$ 993.76K

Horizen

ZEN

$ 6.183

-0.24%

-3.32%

-15.01%

$ 113.74M

$ 32.11K

Staked Frax Ether

SFRXETH

$ 2,806.67

+0.30%

-0.06%

-2.08%

$ 104.45M

$ 16.26K

Nexus Mutual

NXM

$ 61.67

-0.11%

-0.06%

-1.89%

$ 103.49M

SoSoValue

SOSO

$ 0.2859

-0.62%

-2.98%

-4.18%

$ 97.92M

$ 284.19K

ZRX

$ 0.10949

-1.21%

-2.18%

+4.64%

$ 93.14M

$ 893.37K

Instadapp

FLUID

$ 1.1088

-0.62%

-7.54%

-7.45%

$ 93.03M

$ 2.34K

dYdX

DYDX

$ 0.10426

+0.17%

-8.24%

-11.32%

$ 88.53M

$ 1.01M

Origin Ether

OETH

$ 2,399.62

-0.15%

-0.07%

-2.35%

$ 86.79M

$ 92.94K

Reserve Rights

RSR

$ 0.001352

-0.37%

-7.03%

-7.34%

$ 85.26M

$ 43.36M

DeepBook

DEEP

$ 0.014308

-0.33%

-6.27%

-8.72%

$ 82.67M

$ 3.88M

Huma Finance

HUMA

$ 0.02262

-0.18%

-2.59%

-5.48%

$ 80.13M

$ 2.93M

Orca

ORCA

$ 1.3149

-0.66%

-4.14%

-9.44%

$ 80.13M

$ 59.44K

Bedrock

$ 0.2575

-1.46%

-51.27%

-19.69%

$ 77.26M

$ 728.94K

CoW Protocol

COW

$ 0.1304

-0.53%

-4.17%

-2.38%

$ 75.08M

$ 395.88K

Lista USD

LISUSD

$ 0.998305

+0.01%

0.00%

+0.08%

$ 74.17M

$ 13.75K

YearnFinance

YFI

$ 2,045.6

-0.27%

-5.61%

-8.41%

$ 74.13M

$ 26.13

GMX

$ 7.071

-0.58%

-6.03%

-11.68%

$ 74.11M

$ 7.74K

BULLA

$ 0.074056

-0.92%

-3.23%

-11.75%

$ 72.88M

$ 3.73M

VELO

$ 0.003955

-0.13%

-8.52%

-24.36%

$ 68.62M

$ 9.09M

SNX

$ 0.198

-0.70%

-5.73%

-7.57%

$ 68.56M

$ 354.78K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

-0.00%

0.00%

$ 67.85M

Numeraire

NMR

$ 8.607

-0.38%

-4.40%

-5.84%

$ 64.88M

$ 6.24K

Treehouse ETH

TETH

$ 3,002.49

-0.24%

-0.07%

-2.59%

$ 61.35M

$ 71.74K

BERA

$ 0.1816

-0.82%

-3.06%

-1.85%

$ 60.43M

$ 350.52K

Turbo

TURBO

$ 0.000864

-0.32%

-4.15%

-11.71%

$ 60.21M

$ 95.33M

SUSHI

$ 0.207

-0.53%

-4.95%

-8.27%

$ 59.52M

$ 327.96K

NOXO

$ 0.344622

0.00%

+0.01%

+5.29%

$ 57.44M

$ 2.08K

Spark

SPK

$ 0.01807

-0.44%

-2.58%

-9.12%

$ 55.91M

$ 2.89M

Kinetiq

KNTQ

$ 0.198301

+0.69%

-0.05%

-9.10%

$ 55.62M

$ 1.09M

cETH

CETH

$ 48.42

+0.19%

-0.06%

-1.94%

$ 52.98M

Brazilian Digital

BRZ

$ 0.194039

+0.10%

-0.00%

-0.63%

$ 52.96M

$ 2.54K

Threshold

$ 0.004516

-0.61%

-5.42%

+5.22%

$ 51.00M

$ 27.93M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Savings xDAI

SDAI

$ 1.26

0.00%

$ 49.72M

$ 354.04K

100

Babylon

BABY

$ 0.010693

+0.23%

-6.97%

-5.95%

$ 49.42M

$ 13.22M

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