Top Lending & Borrowing Protocol Tokens by Market Capitalization

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralize 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 utilized for decentralized governance, revenue sharing, and incentivizing protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 88.64
+0.11%
+0.58%
-1.54%
$ 1.37B
$ 1.12K
2
MORPHO
MORPHO
MORPHO
$ 1.9634
+0.34%
-0.82%
+6.77%
$ 986.78M
$ 48.89K
3
Olympus
Olympus
OHM
$ 18.58
+0.05%
-0.00%
-0.16%
$ 277.75M
$ 295.10K
4
Maple Finance
Maple Finance
SYRUP
$ 0.15528
+0.10%
+4.37%
+3.29%
$ 184.95M
$ 454.49K
5
Compound
Compound
COMP
$ 16.2
+0.12%
+0.81%
-3.23%
$ 161.90M
$ 3.43K
6
Kamino
Kamino
KMNO
$ 0.01825
+0.22%
+0.55%
-5.24%
$ 88.36M
$ 3.01M
7
Quantix Finance
Quantix Finance
QFI
$ 53.551
+0.14%
+1.11%
-3.22%
$ 53.51M
$ 2.67K
8
Venus
Venus
XVS
$ 2.6697
-0.01%
-0.43%
-2.36%
$ 43.77M
$ 21.13K
9
Spark
Spark
SPK
$ 0.01403
+0.14%
+0.64%
-5.96%
$ 39.33M
$ 6.72M
10
deBridge
deBridge
DBR
$ 0.01529
-0.39%
+2.82%
+6.40%
$ 29.43M
$ 3.52M
11
CoinDepo
CoinDepo
COINDEPO
$ 0.11265
-0.22%
-0.29%
+0.52%
$ 28.21M
$ 3.19M
12
Euler Finance
Euler Finance
EUL
$ 1.1365
-0.56%
-2.53%
-9.02%
$ 27.22M
$ 61.67K
13
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002629
0.00%
-1.02%
-1.90%
$ 26.24M
$ 3.28T
14
Lista DAO
Lista DAO
LISTA
$ 0.05782
+0.09%
-12.69%
+7.16%
$ 23.68M
$ 1.17M
15
Zest Protocol
Zest Protocol
ZEST
$ 0.15243
+3.56%
+0.88%
-28.54%
$ 22.49M
$ 492.33K
16
Yei Finance
Yei Finance
CLO
$ 0.11569
-0.09%
-0.93%
-4.74%
$ 14.92M
$ 832.96K
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.809
+0.62%
+3.40%
-4.90%
$ 14.54M
$ 148.34K
18
Moonwell
Moonwell
WELL
$ 0.00284877
-0.20%
+0.01%
-8.46%
$ 12.90M
$ 440.74K
19
Dolomite
Dolomite
DOLO
$ 0.02202
+0.41%
-1.48%
-1.61%
$ 9.72M
$ 2.55M
20
BENQI
BENQI
BENQI
$ 0.001318
+0.38%
-0.30%
+5.11%
$ 9.48M
$ 40.12M
21
Wise
Wise
WISE
$ 0.102711
+0.14%
0.00%
-1.34%
$ 8.91M
$ 3.76K
22
Abelian
Abelian
ABEL
$ 0.06009
+0.12%
+0.12%
-6.97%
$ 7.07M
$ 218.70K
23
Xauras
Xauras
XRS
$ 0.02978278
+0.01%
0.00%
-0.03%
$ 6.66M
$ 15.56K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007413
-1.19%
-3.86%
-3.12%
$ 6.04M
$ 7.12M
25
Grove
Grove
GROVE
$ 0.00802798
-0.12%
-0.09%
-5.97%
$ 5.14M
$ 1.10M
26
Suilend
Suilend
SEND
$ 0.04963292
0.00%
-0.00%
-2.11%
$ 3.67M
$ 174.25
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.170002
+0.30%
-0.00%
-6.71%
$ 3.45M
$ 534.27
28
Gearbox
Gearbox
GEAR
$ 0.00032224
+0.19%
0.00%
-10.46%
$ 3.22M
$ 1.88K
29
HyperLend
HyperLend
HPL
$ 0.00962495
0.00%
+0.00%
-10.35%
$ 3.19M
$ 12.91K
30
Blend
Blend
BLND
$ 0.04242655
+0.13%
+0.05%
+6.58%
$ 2.85M
$ 16.54K
31
Goldfinch
Goldfinch
GFI
$ 0.02972
-1.51%
-1.96%
-2.32%
$ 2.62M
$ 1.90M
32
Avalon
Avalon
AVL
$ 0.01587
+0.06%
-2.82%
-8.38%
$ 2.56M
$ 3.52M
33
TrueFi
TrueFi
TRU
$ 0.0010723
-3.30%
-0.17%
+31.15%
$ 1.35M
$ 54.74K
34
Hatom
Hatom
HTM
$ 0.0153894
+0.19%
+0.00%
+0.71%
$ 1.25M
$ 1.35K
35
Reservoir
Reservoir
DAM
$ 0.00270742
+0.93%
-0.00%
-18.09%
$ 710.82K
$ 941.46
36
MEZO
MEZO
MEZO
$ 0.007539
-0.16%
+2.74%
-2.70%
$ 648.01K
$ 7.44M
37
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01583287
+0.12%
+0.01%
-0.34%
$ 644.17K
$ 185.26
38
Radiant Capital
Radiant Capital
RDNT
$ 0.00040134
+0.03%
+0.00%
-8.76%
$ 576.71K
$ 37.17K
39
Nostra
Nostra
NSTR
$ 0.0056041
-0.09%
+0.03%
+0.42%
$ 560.33K
$ 3.33
40
Notional Finance
Notional Finance
NOTE
$ 0.00548999
0.00%
--
-0.46%
$ 536.08K
$ 2.30
41
LO0P
LO0P
LO0P
$ 0.406101
+0.18%
+0.02%
-2.76%
$ 406.10K
$ 29.07K
42
DefiTuna
DefiTuna
TUNA
$ 0.00142558
+0.13%
-0.04%
-7.09%
$ 401.30K
$ 68.49
43
Celsius Network
Celsius Network
CEL
$ 0.01105317
+0.10%
-0.02%
-5.91%
$ 394.91K
$ 354.55
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
45
BendDAO
BendDAO
BEND
$ 2.838E-5
+0.11%
0.00%
-1.63%
$ 116.94K
--
46
Pixie Dust
Pixie Dust
DUST
$ 0.03929058
0.00%
+0.05%
+26.15%
$ 111.02K
$ 3.87K
47
Paystream
Paystream
PAYS
$ 0.03035699
0.00%
--
+0.04%
$ 97.25K
$ 0.01
48
dForce
dForce
DF
$ 9.645E-5
0.00%
+2.20%
-6.33%
$ 96.45K
--
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00062045
+0.05%
-0.00%
+3.47%
$ 94.10K
$ 485.97
50
Pike Finance
Pike Finance
P
$ 0.00037593
0.00%
0.00%
-0.34%
$ 86.49K
$ 2.26

Frequently Asked Questions

How do decentralized lending and borrowing protocols function without traditional banks?
Decentralized 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-collateralization in decentralized finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralization 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 utilization 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.