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

$ 0.141323

-0.23%

-0.04%

-8.80%

$ 176.84M

$ 60.36K

Zebec Network

ZBCN

$ 0.0016997

-0.76%

-8.33%

-7.91%

$ 168.22M

$ 133.07M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 167.20M

Coinbase Wrapped XRP

CBXRP

$ 1.29

0.00%

-0.11%

-7.19%

$ 163.32M

$ 8.01M

THORChain

RUNE

$ 0.4852

+0.27%

-5.84%

+3.46%

$ 161.21M

$ 405.28K

Vision

VSN

$ 0.04153

+0.19%

-1.26%

+0.90%

$ 152.87M

$ 1.45M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 150.20M

$ 144.26K

DEXE

$ 1.773

+0.51%

-1.00%

$ 149.21M

$ 43.18K

Frax Ether

FRXETH

$ 2,396.69

-0.24%

-0.05%

-2.05%

$ 147.41M

$ 1.26M

Telcoin

TEL

$ 0.001487

-0.39%

-8.19%

-15.61%

$ 145.60M

$ 69.48M

Kamino

KMNO

$ 0.02484

+0.44%

+0.60%

-3.88%

$ 138.53M

$ 2.31M

Derive

DRV

$ 0.138417

+0.09%

-0.04%

-10.87%

$ 138.38M

$ 4.17M

1INCH

$ 0.08695

-0.02%

-6.41%

-2.08%

$ 123.90M

$ 666.86K

Bybit Staked SOL

BBSOL

$ 113.38

-0.14%

-0.06%

-4.05%

$ 121.18M

$ 203.71K

AWE Network

AWE

$ 0.06159

+0.05%

+3.64%

+5.82%

$ 120.70M

$ 991.29K

Horizen

ZEN

$ 6.156

+0.66%

-2.86%

-12.88%

$ 114.03M

$ 29.94K

Staked Frax Ether

SFRXETH

$ 2,802.2

+0.02%

-0.05%

-2.04%

$ 104.29M

$ 15.86K

Nexus Mutual

NXM

$ 61.62

-0.23%

-0.05%

-1.77%

$ 103.66M

SoSoValue

SOSO

$ 0.2844

+0.11%

-3.02%

-3.61%

$ 97.71M

$ 285.29K

ZRX

$ 0.10818

+0.47%

-2.10%

+5.64%

$ 92.93M

$ 902.35K

Instadapp

FLUID

$ 1.1088

0.00%

-7.48%

-6.46%

$ 92.80M

$ 1.87K

dYdX

DYDX

$ 0.10417

+0.08%

-8.24%

-9.62%

$ 88.50M

$ 991.49K

Origin Ether

OETH

$ 2,397.55

-0.31%

-0.06%

-2.19%

$ 86.76M

$ 121.31K

Reserve Rights

RSR

$ 0.001349

+0.44%

-5.88%

-6.46%

$ 85.07M

$ 42.39M

DeepBook

DEEP

$ 0.014129

+0.11%

-5.97%

-7.34%

$ 82.48M

$ 3.94M

Huma Finance

HUMA

$ 0.02241

+0.62%

-1.69%

-1.44%

$ 80.24M

$ 2.91M

Orca

ORCA

$ 1.3088

+0.59%

-3.99%

-7.56%

$ 80.24M

$ 59.96K

Bedrock

$ 0.2517

+1.01%

-51.40%

-17.82%

$ 78.16M

$ 736.48K

CoW Protocol

COW

$ 0.1295

+0.54%

-4.04%

-0.98%

$ 74.96M

$ 412.56K

Lista USD

LISUSD

$ 0.998174

-0.01%

0.00%

+0.06%

$ 74.16M

$ 9.79K

GMX

$ 7.019

+0.14%

-6.49%

-6.76%

$ 74.10M

$ 7.76K

BULLA

$ 0.074292

+0.58%

-1.38%

-10.80%

$ 74.03M

$ 3.64M

YearnFinance

YFI

$ 2,031.3

+0.22%

-5.29%

-5.63%

$ 74.01M

$ 26.09

VELO

$ 0.003974

+1.20%

-7.98%

-23.53%

$ 69.47M

$ 9.30M

SNX

$ 0.1969

0.00%

-5.83%

-6.14%

$ 68.46M

$ 355.94K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

-0.00%

0.00%

$ 67.83M

Numeraire

NMR

$ 8.545

-0.07%

-4.24%

-3.64%

$ 64.70M

$ 6.21K

Treehouse ETH

TETH

$ 3,004.59

-0.06%

-2.20%

$ 61.39M

$ 71.31K

BERA

$ 0.1793

+0.05%

-1.35%

+2.53%

$ 60.96M

$ 345.53K

Turbo

TURBO

$ 0.0008575

+0.08%

-4.39%

-9.65%

$ 59.83M

$ 99.07M

SUSHI

$ 0.2053

+0.39%

-4.06%

-5.42%

$ 59.58M

$ 321.90K

NOXO

$ 0.344615

0.00%

+0.01%

+5.29%

$ 57.44M

$ 2.08K

Spark

SPK

$ 0.01797

+0.44%

-2.26%

-7.78%

$ 55.94M

$ 2.95M

Kinetiq

KNTQ

$ 0.195295

+0.01%

-0.05%

-9.06%

$ 54.78M

$ 1.07M

cETH

CETH

$ 48.43

-0.16%

-0.05%

-1.80%

$ 52.99M

Brazilian Digital

BRZ

$ 0.194009

+0.15%

-0.00%

-0.73%

$ 52.94M

$ 2.56K

Threshold

$ 0.004469

+0.27%

-8.30%

+4.90%

$ 50.42M

$ 27.19M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Savings xDAI

SDAI

$ 1.26

+0.80%

0.00%

$ 49.70M

$ 360.40K

100

Babylon

BABY

$ 0.010635

+0.28%

-7.19%

-3.56%

$ 49.29M

$ 13.35M

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