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

Lido Staked ETH

STETH

$ 2,480.77

+0.52%

+0.80%

+4.28%

$ 24.01B

$ 23.51

Hyperliquid

HYPE

$ 80.54

+0.22%

+0.02%

+1.28%

$ 20.73B

$ 11.65K

Wrapped stETH

WSTETH

$ 3,092.27

+0.54%

+0.04%

+3.77%

$ 11.47B

$ 6.08M

Chainlink

LINK

$ 12.44

+0.82%

+0.51%

+2.45%

$ 8.21B

$ 32.76K

UNISWAP

UNI

$ 7.485

+0.05%

-0.29%

+4.05%

$ 4.70B

$ 126.59K

Bitway

BTW

$ 1.52091

-1.54%

-12.11%

-21.58%

$ 4.57B

$ 1.06M

Ethena

ENA

$ 0.20745

+0.17%

+3.18%

+8.47%

$ 2.80B

$ 189.29M

AaveToken

AAVE

$ 155.48

+0.24%

-0.35%

+2.82%

$ 2.41B

$ 2.08K

Ondo

ONDO

$ 0.46083

+0.92%

+0.70%

+5.36%

$ 2.25B

$ 1.72M

Aster

ASTER

$ 0.7179

-0.22%

+0.52%

+2.49%

$ 1.95B

$ 1.26M

Sky Protocol

SKY

$ 0.07639

+0.13%

+3.13%

+10.28%

$ 1.80B

$ 954.01K

MORPHO

$ 2.3988

-0.36%

-4.37%

+1.04%

$ 1.27B

$ 49.25K

JUST

JST

$ 0.14103

-0.14%

+1.18%

+5.93%

$ 1.13B

$ 456.85K

Binance Staked SOL

BNSOL

$ 121.61

+0.36%

+0.03%

+3.09%

$ 1.12B

$ 1.10M

Jupiter

JUP

$ 0.3265

+1.39%

+1.49%

+7.89%

$ 1.09B

$ 609.76K

syrupUSDC

SYRUPUSDC

$ 1.19

0.00%

$ 1.04B

$ 2.18M

Polygon Ecosystem

POL

$ 0.09506

+0.23%

+0.70%

+2.27%

$ 1.02B

$ 1.76M

Jupiter Perpetuals Liquidity Provider Token

JLP

$ 4.62

+0.22%

+0.02%

+1.99%

$ 877.41M

$ 3.53M

Injective

INJ

$ 8.742

+0.10%

-2.62%

+18.68%

$ 875.75M

$ 870.41K

Aerodrome Finance

AERO

$ 0.8567

+1.06%

-0.06%

-0.88%

$ 871.03M

$ 8.36M

Lighter

LIT

$ 3.4032

+0.23%

+2.08%

+12.75%

$ 854.65M

$ 2.37M

PancakeSwap

CAKE

$ 2.242

+0.22%

+1.35%

+1.03%

$ 715.26M

$ 370.04K

Ether.Fi Foundation

ETHFI

$ 0.7178

+0.63%

+0.08%

+16.59%

$ 697.47M

$ 4.73M

Pyth Network

PYTH

$ 0.08015

-0.19%

+4.18%

-7.84%

$ 629.92M

$ 13.44M

Curve

CRV

$ 0.3925

+0.59%

+2.25%

+12.54%

$ 617.99M

$ 3.49M

TIA

$ 0.6243

-0.14%

-5.34%

+10.92%

$ 572.66M

$ 3.78M

Raydium

RAY

$ 1.9709

-0.16%

-1.09%

+8.39%

$ 530.53M

$ 105.39K

SEI

$ 0.06168

+0.45%

-1.64%

+4.13%

$ 479.54M

$ 4.07M

Staked USDai

SUSDAI

$ 1.11

0.00%

-0.89%

$ 462.15M

$ 5.23M

PayFi Strategy Token USDC

PSTUSDC

$ 1.14

0.00%

$ 399.06M

$ 8.17K

StakeWise Staked ETH

OSETH

$ 2,675.4

+0.68%

+0.04%

+4.07%

$ 390.98M

$ 55.80K

Staked Aave

STKAAVE

$ 156.63

+0.95%

+0.06%

+3.33%

$ 387.82M

$ 12.23K

Pendle

PENDLE

$ 2.183

+0.73%

+1.06%

+9.10%

$ 381.61M

$ 285.13K

Plasma

XPL

$ 0.08147

+0.02%

+2.41%

-3.83%

$ 369.65M

$ 4.04M

Falcon Finance

$ 0.1088

+0.24%

+1.97%

-1.51%

$ 365.63M

$ 878.22K

Lido DAO

LDO

$ 0.4126

+0.41%

+0.31%

+6.04%

$ 343.86M

$ 503.68K

tBTC

TBTC

$ 83,669

+0.29%

+0.03%

+2.57%

$ 342.38M

$ 5.94M

SUN

$ 0.016572

+0.10%

0.00%

+0.96%

$ 318.51M

$ 7.57M

Gnosis

GNO

$ 113.92

+0.02%

-0.06%

+0.29%

$ 302.01M

$ 581.94

Olympus

OHM

$ 19.81

+0.05%

+0.01%

-0.25%

$ 295.98M

$ 109.81K

Derive

DRV

$ 0.3906

-0.08%

-2.18%

+1.01%

$ 288.45M

$ 157.60K

syrupUSDG

SYRUPUSDG

$ 1.016

0.00%

+0.00%

+0.10%

$ 264.25M

$ 71.10K

Convex Finance

CVX

$ 2.673

-0.87%

+15.93%

+33.16%

$ 262.80M

$ 114.71K

Terra Classic

LUNC

$ 0.00004698

+0.77%

-0.86%

-0.97%

$ 259.58M

$ 3.36B

Compound

COMP

$ 25.58

+0.94%

+5.70%

+17.76%

$ 257.90M

$ 12.75K

JITO

JTO

$ 0.4873

+0.67%

-1.95%

+5.82%

$ 257.55M

$ 155.56K

Kamino

KMNO

$ 0.04195

+0.43%

+3.80%

+22.83%

$ 246.01M

$ 1.59M

Maple Finance

SYRUP

$ 0.20328

+0.51%

+2.48%

+0.85%

$ 244.00M

$ 343.08K

Marinade Staked SOL

MSOL

$ 151.74

+0.62%

+0.03%

+2.99%

$ 242.31M

$ 1.05M

Zebec Network

ZBCN

$ 0.0023868

-0.10%

+11.45%

+11.90%

$ 241.70M

$ 112.76M

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