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

$ 0.142865

-1.03%

-0.03%

-8.46%

$ 178.76M

$ 50.65K

Zebec Network

ZBCN

$ 0.0016969

-4.34%

-8.01%

-6.53%

$ 170.12M

$ 129.09M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.80M

Coinbase Wrapped XRP

CBXRP

$ 1.31

-1.50%

-0.10%

-6.43%

$ 165.30M

$ 7.13M

THORChain

RUNE

$ 0.4891

-0.40%

-6.80%

+3.14%

$ 162.09M

$ 395.04K

Vision

VSN

$ 0.04148

-0.69%

-1.44%

+1.22%

$ 152.69M

$ 1.44M

syrupUSDG

SYRUPUSDG

$ 1.013

0.00%

+0.00%

+0.30%

$ 150.54M

$ 26.19K

DEXE

$ 1.77

+0.17%

-2.04%

-5.73%

$ 148.71M

$ 43.71K

Frax Ether

FRXETH

$ 2,406.14

+0.76%

-0.05%

-2.10%

$ 147.95M

$ 1.27M

Telcoin

TEL

$ 0.001525

-3.43%

-12.27%

-17.00%

$ 143.68M

$ 68.77M

Kamino

KMNO

$ 0.0249

-0.08%

+0.92%

-4.90%

$ 139.69M

$ 2.32M

Derive

DRV

$ 0.139012

-0.10%

-0.03%

-16.70%

$ 138.97M

$ 4.46M

1INCH

$ 0.0882

+0.64%

-6.58%

-2.72%

$ 125.90M

$ 665.74K

Bybit Staked SOL

BBSOL

$ 114.74

+2.26%

-0.04%

-4.17%

$ 122.63M

$ 251.31K

AWE Network

AWE

$ 0.0621

+0.06%

+3.52%

+4.71%

$ 121.23M

$ 982.35K

Horizen

ZEN

$ 6.186

+0.08%

-5.16%

-16.72%

$ 114.12M

$ 31.19K

Staked Frax Ether

SFRXETH

$ 2,802.55

+0.28%

-0.05%

-2.35%

$ 104.26M

$ 15.17K

Nexus Mutual

NXM

$ 61.69

-0.39%

-0.05%

-1.97%

$ 103.52M

SoSoValue

SOSO

$ 0.2863

-0.52%

-2.63%

-3.51%

$ 98.63M

$ 283.76K

Instadapp

FLUID

$ 1.1115

-0.14%

-7.86%

-6.88%

$ 93.61M

$ 2.32K

ZRX

$ 0.10934

-0.07%

-3.00%

+4.11%

$ 93.09M

$ 881.88K

dYdX

DYDX

$ 0.10417

+0.45%

-9.22%

-11.62%

$ 88.98M

$ 992.41K

Origin Ether

OETH

$ 2,409.73

+0.82%

-0.05%

-2.29%

$ 87.16M

$ 92.46K

Reserve Rights

RSR

$ 0.001356

-0.15%

-6.53%

-7.09%

$ 86.01M

$ 42.80M

DeepBook

DEEP

$ 0.014329

-0.83%

-6.47%

-8.80%

$ 83.14M

$ 3.86M

Orca

ORCA

$ 1.3144

+0.69%

-3.81%

-10.92%

$ 81.00M

$ 54.81K

Huma Finance

HUMA

$ 0.02256

+0.04%

-2.88%

-6.07%

$ 80.06M

$ 2.92M

Bedrock

$ 0.2571

+0.46%

-48.66%

-18.48%

$ 78.92M

$ 727.66K

CoW Protocol

COW

$ 0.1306

+0.38%

-4.55%

-2.29%

$ 75.71M

$ 396.64K

GMX

$ 7.071

-0.21%

-6.70%

-11.23%

$ 74.74M

$ 7.74K

YearnFinance

YFI

$ 2,050.3

-0.49%

-6.06%

-8.22%

$ 74.71M

$ 26.04

Lista USD

LISUSD

$ 0.998338

+0.01%

0.00%

+0.08%

$ 74.17M

$ 17.51K

BULLA

$ 0.072853

-0.74%

-3.70%

-9.94%

$ 73.55M

$ 3.79M

SNX

$ 0.1982

-0.64%

-6.08%

-7.13%

$ 69.14M

$ 352.90K

VELO

$ 0.003908

-3.51%

-9.81%

-24.35%

$ 68.97M

$ 8.61M

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

+0.88%

+0.00%

0.00%

$ 68.09M

Numeraire

NMR

$ 8.648

+0.09%

-4.35%

-5.26%

$ 65.34M

$ 6.31K

Treehouse ETH

TETH

$ 3,013.42

+0.82%

-0.05%

-2.41%

$ 61.57M

$ 72.00K

BERA

$ 0.1806

+0.88%

-1.82%

-1.13%

$ 61.33M

$ 343.92K

Turbo

TURBO

$ 0.0008688

-0.33%

-4.61%

-11.16%

$ 60.79M

$ 107.45M

SUSHI

$ 0.2066

+0.97%

-6.32%

-8.53%

$ 59.98M

$ 332.97K

NOXO

$ 0.344641

-0.02%

+0.01%

+5.30%

$ 57.44M

$ 2.08K

Spark

SPK

$ 0.01804

+0.16%

-3.60%

-8.53%

$ 56.22M

$ 2.87M

Kinetiq

KNTQ

$ 0.198169

+0.16%

-0.04%

-9.14%

$ 55.58M

$ 1.08M

Brazilian Digital

BRZ

$ 0.193981

-0.03%

-0.00%

-0.53%

$ 52.94M

$ 3.16K

cETH

CETH

$ 48.27

+2.40%

-0.05%

-2.70%

$ 52.82M

Threshold

$ 0.00456

-0.45%

-4.24%

+5.18%

$ 51.45M

$ 28.29M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Savings xDAI

SDAI

$ 1.26

0.00%

$ 49.73M

$ 377.55K

100

Babylon

BABY

$ 0.01072

+0.43%

-8.10%

-6.02%

$ 49.42M

$ 13.20M

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