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

$ 95.9

+1.73%

+16.17%

+18.38%

$ 23.56B

$ 26.42K

Lido Staked ETH

STETH

$ 2,366.09

+0.41%

+1.10%

-2.07%

$ 22.84B

$ 24.38

Wrapped stETH

WSTETH

$ 2,942.36

+0.59%

+0.01%

-2.06%

$ 10.93B

$ 2.25M

Chainlink

LINK

$ 11.935

+0.57%

+3.02%

-1.29%

$ 7.81B

$ 41.09K

Bitway

BTW

$ 1.604019

-1.38%

-3.43%

-3.85%

$ 4.91B

$ 271.09K

UNISWAP

UNI

$ 7.481

+0.60%

+3.91%

+2.58%

$ 4.59B

$ 58.08K

Ethena

ENA

$ 0.21653

-0.45%

+7.30%

+1.13%

$ 2.82B

$ 175.27M

AaveToken

AAVE

$ 137.28

-0.10%

+2.92%

-7.98%

$ 2.10B

$ 1.27K

Ondo

ONDO

$ 0.43304

+0.20%

+2.28%

-1.30%

$ 2.07B

$ 801.11K

Aster

ASTER

$ 0.7216

+0.88%

+2.29%

+1.05%

$ 1.95B

$ 1.37M

Sky Protocol

SKY

$ 0.06648

+0.71%

+1.31%

-8.74%

$ 1.55B

$ 1.02M

MORPHO

$ 2.2808

+0.81%

+1.72%

-1.34%

$ 1.20B

$ 37.94K

JUST

JST

$ 0.14136

-0.06%

+0.04%

+0.77%

$ 1.13B

$ 435.79K

Binance Staked SOL

BNSOL

$ 116.0

+0.53%

+0.01%

-2.41%

$ 1.10B

$ 704.49K

Polygon Ecosystem

POL

$ 0.0928

+0.21%

+1.20%

+1.30%

$ 986.41M

$ 1.53M

syrupUSDC

SYRUPUSDC

$ 1.19

0.00%

$ 937.19M

$ 1.86M

Jupiter

JUP

$ 0.2839

0.00%

-0.47%

-11.39%

$ 921.79M

$ 674.08K

Jupiter Perpetuals Liquidity Provider Token

JLP

$ 4.49

+0.22%

+0.01%

-1.10%

$ 848.33M

$ 2.47M

Injective

INJ

$ 8.111

-0.65%

+4.45%

+3.30%

$ 807.47M

$ 548.40K

Lighter

LIT

$ 3.3157

+1.70%

+7.55%

-4.68%

$ 789.35M

$ 6.57M

Aerodrome Finance

AERO

$ 0.7041

+0.91%

-0.65%

-5.98%

$ 704.58M

$ 2.75M

PancakeSwap

CAKE

$ 2.113

+0.14%

-0.52%

-4.88%

$ 679.69M

$ 435.14K

Ether.Fi Foundation

ETHFI

$ 0.6841

-0.74%

+3.18%

+3.42%

$ 650.94M

$ 4.29M

Pyth Network

PYTH

$ 0.07321

-1.67%

+2.82%

+1.83%

$ 574.01M

$ 11.82M

TIA

$ 0.5498

-0.09%

+2.33%

+0.17%

$ 537.96M

$ 2.81M

Curve

CRV

$ 0.3347

+0.09%

-0.12%

-8.73%

$ 527.20M

$ 1.60M

Raydium

RAY

$ 1.7577

-0.06%

-2.25%

-7.49%

$ 458.72M

$ 64.99K

Staked USDai

SUSDAI

$ 1.12

0.00%

+0.90%

$ 424.25M

$ 4.16M

SEI

$ 0.05361

+0.13%

+0.53%

-8.47%

$ 406.70M

$ 2.08M

PayFi Strategy Token USDC

PSTUSDC

$ 1.14

0.00%

$ 391.98M

$ 169.63K

StakeWise Staked ETH

OSETH

$ 2,541.35

+0.64%

+0.01%

-2.18%

$ 373.99M

$ 32.98K

Plasma

XPL

$ 0.07865

+0.64%

+2.40%

-0.27%

$ 371.46M

$ 6.96M

Pendle

PENDLE

$ 2.013

+0.31%

+0.87%

-6.86%

$ 342.59M

$ 274.04K

syrupUSDG

SYRUPUSDG

$ 1.015

0.00%

-0.10%

$ 340.06M

$ 59.26K

tBTC

TBTC

$ 81,351

+0.43%

+0.01%

-0.42%

$ 339.17M

$ 2.00M

Staked Aave

STKAAVE

$ 134.87

+0.72%

+0.02%

-8.45%

$ 334.10M

$ 2.78K

Falcon Finance

$ 0.09515

-0.07%

-0.61%

-4.06%

$ 318.02M

$ 899.37K

SUN

$ 0.016301

-0.12%

-0.01%

-0.99%

$ 312.51M

$ 3.38M

Lido DAO

LDO

$ 0.3788

+0.08%

+0.89%

-3.55%

$ 311.25M

$ 444.01K

Gnosis

GNO

$ 110.66

+0.30%

+0.73%

-2.40%

$ 292.33M

$ 559.31

Olympus

OHM

$ 19.35

+0.21%

+0.00%

-0.57%

$ 289.00M

$ 139.63K

Derive

DRV

$ 0.3722

+1.23%

-0.40%

-3.09%

$ 273.33M

$ 150.53K

Terra Classic

LUNC

$ 0.00004565

+0.31%

+1.18%

-1.11%

$ 251.19M

$ 2.72B

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.026

0.00%

$ 237.62M

Marinade Staked SOL

MSOL

$ 144.22

+0.35%

+0.01%

-2.42%

$ 229.98M

$ 2.66M

JITO

JTO

$ 0.4278

+0.34%

-0.29%

-9.21%

$ 225.13M

$ 202.30K

Kamino

KMNO

$ 0.03807

-1.32%

-4.93%

-9.39%

$ 219.42M

$ 1.44M

Convex Finance

CVX

$ 2.226

+0.97%

-7.01%

-13.07%

$ 218.87M

$ 35.36K

Compound

COMP

$ 21.93

+0.09%

+1.44%

-11.35%

$ 218.00M

$ 3.06K

Zebec Network

ZBCN

$ 0.0020847

0.00%

+0.19%

-7.77%

$ 207.87M

$ 126.60M

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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Frequently Asked Questions

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