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

$ 0.147264

+0.51%

+0.03%

-7.73%

$ 184.27M

$ 51.90K

Zebec Network

ZBCN

$ 0.0017451

+0.56%

-1.18%

-0.73%

$ 180.40M

$ 117.68M

Coinbase Wrapped XRP

CBXRP

$ 1.4

-0.71%

-0.02%

-0.71%

$ 176.37M

$ 3.97M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.80M

THORChain

RUNE

$ 0.4926

-0.22%

-5.34%

+4.56%

$ 164.30M

$ 330.99K

Vision

VSN

$ 0.04123

+0.57%

+0.07%

+0.96%

$ 154.52M

$ 1.41M

syrupUSDG

SYRUPUSDG

$ 1.013

0.00%

+0.00%

+0.30%

$ 150.52M

$ 26.19K

Telcoin

TEL

$ 0.001517

-0.06%

-7.71%

-13.93%

$ 149.74M

$ 63.78M

DEXE

$ 1.763

-0.94%

-1.49%

-5.31%

$ 149.38M

$ 40.31K

Frax Ether

FRXETH

$ 2,419.08

-0.67%

-0.04%

-1.86%

$ 148.86M

$ 1.25M

Kamino

KMNO

$ 0.02517

-0.47%

+2.25%

-4.68%

$ 140.79M

$ 2.27M

Derive

DRV

$ 0.140036

0.00%

-0.01%

-16.73%

$ 139.98M

$ 4.60M

1INCH

$ 0.08868

-0.39%

-4.07%

-1.93%

$ 127.11M

$ 648.24K

Bybit Staked SOL

BBSOL

$ 116.34

-0.91%

-0.03%

-3.27%

$ 124.34M

$ 167.65K

AWE Network

AWE

$ 0.06212

-0.06%

+2.61%

+5.24%

$ 121.36M

$ 987.25K

Horizen

ZEN

$ 6.149

-1.23%

-2.09%

-16.56%

$ 115.22M

$ 30.12K

Staked Frax Ether

SFRXETH

$ 2,844.84

+0.31%

-0.03%

-1.14%

$ 105.84M

$ 10.29K

Nexus Mutual

NXM

$ 62.39

-0.45%

-0.03%

-1.50%

$ 104.71M

SoSoValue

SOSO

$ 0.2895

-0.34%

-1.73%

-3.11%

$ 99.21M

$ 283.66K

Instadapp

FLUID

$ 1.1256

0.00%

-6.39%

-6.87%

$ 94.71M

$ 1.69K

ZRX

$ 0.10962

-1.42%

-2.69%

+3.95%

$ 93.33M

$ 583.87K

dYdX

DYDX

$ 0.10488

-1.11%

-6.86%

-10.22%

$ 90.28M

$ 945.46K

Origin Ether

OETH

$ 2,426.82

-0.44%

-0.04%

-1.66%

$ 87.79M

$ 96.03K

Reserve Rights

RSR

$ 0.001364

-0.93%

-4.46%

-4.79%

$ 87.01M

$ 40.96M

DeepBook

DEEP

$ 0.01437

-0.78%

-3.70%

-6.72%

$ 84.79M

$ 3.83M

Orca

ORCA

$ 1.3131

-1.17%

-2.98%

-10.52%

$ 80.90M

$ 56.45K

Huma Finance

HUMA

$ 0.02255

+0.09%

-1.30%

-4.40%

$ 80.77M

$ 2.92M

Bedrock

$ 0.2596

-1.29%

-49.30%

-18.01%

$ 78.70M

$ 730.27K

YearnFinance

YFI

$ 2,077

-0.56%

-3.48%

-6.73%

$ 75.95M

$ 26.04

CoW Protocol

COW

$ 0.1305

-0.45%

-2.86%

-1.92%

$ 75.94M

$ 381.62K

GMX

$ 7.12

-0.47%

-6.31%

-10.36%

$ 75.56M

$ 7.58K

BULLA

$ 0.074023

-0.24%

-1.73%

-19.13%

$ 74.66M

$ 3.88M

Lista USD

LISUSD

$ 0.998377

0.00%

+0.07%

$ 74.17M

$ 13.18K

VELO

$ 0.004

-0.58%

-5.26%

-21.41%

$ 71.84M

$ 6.87M

SNX

$ 0.1991

-0.92%

-3.45%

-5.46%

$ 70.42M

$ 346.44K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

-0.00%

0.00%

$ 67.98M

Numeraire

NMR

$ 8.7

-0.64%

-2.89%

-5.10%

$ 65.76M

$ 6.30K

Treehouse ETH

TETH

$ 3,036.14

-0.06%

-0.04%

-1.46%

$ 62.08M

$ 72.66K

BERA

$ 0.1804

-2.44%

-0.33%

-1.39%

$ 61.50M

$ 336.08K

Turbo

TURBO

$ 0.0008745

-0.86%

-2.87%

-10.63%

$ 61.33M

$ 105.80M

SUSHI

$ 0.2063

-0.84%

-3.77%

-8.07%

$ 60.81M

$ 304.78K

NOXO

$ 0.344718

0.00%

+0.01%

+5.31%

$ 57.45M

$ 2.07K

Kinetiq

KNTQ

$ 0.200971

+0.19%

-0.03%

-8.35%

$ 56.37M

$ 1.03M

Spark

SPK

$ 0.01805

-0.54%

-2.56%

-7.68%

$ 56.34M

$ 2.76M

cETH

CETH

$ 48.96

+0.27%

-0.03%

-1.39%

$ 53.57M

Brazilian Digital

BRZ

$ 0.194091

-0.02%

-0.00%

-0.62%

$ 52.97M

$ 3.13K

Threshold

$ 0.004591

-0.32%

-3.47%

+5.99%

$ 51.87M

$ 27.92M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Savings xDAI

SDAI

$ 1.26

0.00%

+0.00%

0.00%

$ 49.83M

$ 291.16K

100

Babylon

BABY

$ 0.010676

-0.95%

-6.57%

-5.23%

$ 49.63M

$ 13.04M

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