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

$ 0.140346

-0.69%

-0.05%

-8.91%

$ 175.61M

$ 57.16K

Zebec Network

ZBCN

$ 0.0017124

-0.66%

-7.60%

-7.55%

$ 169.84M

$ 128.14M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.28

0.00%

-0.11%

-7.91%

$ 161.25M

$ 8.32M

THORChain

RUNE

$ 0.4898

-0.49%

-6.35%

+1.97%

$ 159.56M

$ 413.30K

Vision

VSN

$ 0.04155

+0.05%

-1.28%

+0.19%

$ 152.40M

$ 1.45M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 150.21M

$ 110.48K

DEXE

$ 1.787

-0.34%

-1.50%

-2.21%

$ 148.38M

$ 43.28K

Frax Ether

FRXETH

$ 2,375.7

-0.78%

-0.06%

-3.48%

$ 146.11M

$ 1.26M

Telcoin

TEL

$ 0.001488

-1.00%

-9.36%

-17.68%

$ 142.43M

$ 68.94M

Kamino

KMNO

$ 0.02504

-0.16%

-0.36%

-5.24%

$ 137.20M

$ 2.33M

Derive

DRV

$ 0.1372

-0.61%

-0.05%

-10.91%

$ 137.16M

$ 4.11M

1INCH

$ 0.08743

-0.60%

-7.18%

-4.07%

$ 122.59M

$ 663.88K

Bybit Staked SOL

BBSOL

$ 112.54

-0.56%

-0.06%

-5.22%

$ 120.28M

$ 204.15K

AWE Network

AWE

$ 0.06207

-0.21%

+2.87%

+4.79%

$ 119.83M

$ 986.94K

Horizen

ZEN

$ 6.206

-0.50%

-3.81%

-13.94%

$ 112.58M

$ 29.96K

Staked Frax Ether

SFRXETH

$ 2,786.86

-0.45%

-0.06%

-2.73%

$ 103.70M

$ 15.74K

Nexus Mutual

NXM

$ 61.33

-0.70%

-0.05%

-3.05%

$ 102.67M

SoSoValue

SOSO

$ 0.2856

-0.39%

-3.30%

-3.85%

$ 97.27M

$ 285.98K

Instadapp

FLUID

$ 1.1088

0.00%

-6.64%

-6.46%

$ 92.80M

$ 1.81K

ZRX

$ 0.10919

-0.82%

-3.32%

+3.82%

$ 91.77M

$ 914.43K

dYdX

DYDX

$ 0.10503

-0.22%

-8.78%

-10.78%

$ 87.95M

$ 992.97K

Origin Ether

OETH

$ 2,383.05

-0.60%

-0.06%

-3.40%

$ 86.19M

$ 120.67K

Reserve Rights

RSR

$ 0.001359

-0.30%

-6.52%

-8.18%

$ 84.26M

$ 45.52M

DeepBook

DEEP

$ 0.014265

-1.18%

-7.60%

-8.51%

$ 81.07M

$ 3.97M

Orca

ORCA

$ 1.3128

-0.35%

-4.51%

-9.95%

$ 79.47M

$ 59.83K

Huma Finance

HUMA

$ 0.02261

-0.31%

-2.56%

-2.78%

$ 79.46M

$ 2.91M

Bedrock

$ 0.254

-1.76%

-52.40%

-19.80%

$ 75.87M

$ 747.64K

BULLA

$ 0.074245

+0.83%

+0.15%

-8.47%

$ 74.44M

$ 3.73M

CoW Protocol

COW

$ 0.1308

-0.54%

-4.14%

-3.07%

$ 74.28M

$ 411.84K

Lista USD

LISUSD

$ 0.997937

-0.03%

0.00%

+0.03%

$ 74.14M

$ 11.31K

YearnFinance

YFI

$ 2,048.4

-0.54%

-6.31%

-7.58%

$ 73.24M

$ 25.90

GMX

$ 7.077

-0.47%

-6.13%

-7.62%

$ 73.17M

$ 7.84K

VELO

$ 0.003953

+1.22%

-7.65%

-22.29%

$ 69.80M

$ 9.19M

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.12M

SNX

$ 0.1984

-0.66%

-6.52%

-8.06%

$ 67.63M

$ 354.04K

Numeraire

NMR

$ 8.67

-0.86%

-5.54%

-5.83%

$ 63.92M

$ 6.20K

Treehouse ETH

TETH

$ 2,997.13

-0.22%

-0.06%

-2.68%

$ 61.25M

$ 71.14K

BERA

$ 0.1806

-1.54%

-3.24%

-0.78%

$ 59.80M

$ 343.82K

Turbo

TURBO

$ 0.0008714

-0.46%

-5.24%

-11.24%

$ 59.09M

$ 98.96M

SUSHI

$ 0.2074

-0.77%

-5.05%

-6.48%

$ 58.83M

$ 277.34K

NOXO

$ 0.344616

-0.01%

+0.01%

+5.29%

$ 57.44M

$ 2.08K

Spark

SPK

$ 0.01802

-0.83%

-3.29%

-10.62%

$ 55.26M

$ 2.94M

Kinetiq

KNTQ

$ 0.194065

-0.45%

-0.05%

-9.61%

$ 54.43M

$ 1.10M

Brazilian Digital

BRZ

$ 0.193799

-0.11%

-0.00%

-0.84%

$ 52.89M

$ 2.58K

cETH

CETH

$ 47.79

-0.64%

-0.07%

-3.69%

$ 52.29M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Threshold

$ 0.004516

-0.76%

-11.31%

+3.00%

$ 49.80M

$ 25.90M

Savings xDAI

SDAI

$ 1.26

0.00%

$ 49.64M

$ 365.69K

100

Babylon

BABY

$ 0.010749

-0.41%

-8.46%

-4.92%

$ 48.90M

$ 13.34M

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