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

$ 0.144481

0.00%

+0.01%

-13.17%

$ 180.81M

$ 37.06K

Zebec Network

ZBCN

$ 0.0018062

+0.51%

+1.83%

+0.63%

$ 180.05M

$ 108.87M

Coinbase Wrapped XRP

CBXRP

$ 1.41

-0.70%

+0.03%

-0.70%

$ 178.21M

$ 3.37M

THORChain

RUNE

$ 0.5114

-0.35%

-0.21%

+6.97%

$ 169.98M

$ 303.94K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

Telcoin

TEL

$ 0.001609

-0.43%

+2.27%

-10.45%

$ 155.70M

$ 63.88M

Frax Ether

FRXETH

$ 2,492.39

-0.11%

-0.00%

+0.29%

$ 153.25M

$ 744.92K

Vision

VSN

$ 0.04159

+0.10%

+0.53%

+2.01%

$ 152.62M

$ 1.45M

DEXE

$ 1.797

+0.61%

-0.50%

-6.46%

$ 151.47M

$ 49.90K

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 146.27M

$ 35.29K

Derive

DRV

$ 0.140807

-1.51%

-0.01%

-13.19%

$ 140.77M

$ 4.49M

Bedrock

$ 0.4245

-8.38%

+21.70%

+68.66%

$ 140.58M

$ 672.80K

Kamino

KMNO

$ 0.02483

+0.04%

-0.24%

-6.01%

$ 137.59M

$ 2.45M

1INCH

$ 0.09223

+0.05%

-0.37%

-0.70%

$ 131.18M

$ 614.55K

Bybit Staked SOL

BBSOL

$ 118.54

-0.19%

+0.00%

-2.27%

$ 126.68M

$ 235.87K

AWE Network

AWE

$ 0.06155

+0.58%

+2.36%

+2.52%

$ 118.70M

$ 904.99K

Horizen

ZEN

$ 6.259

-0.05%

-0.82%

-11.63%

$ 115.32M

$ 31.07K

Staked Frax Ether

SFRXETH

$ 2,921.54

-0.07%

0.00%

+6.23%

$ 107.97M

$ 9.56K

Nexus Mutual

NXM

$ 63.94

-0.03%

-0.00%

+0.58%

$ 107.32M

SoSoValue

SOSO

$ 0.2956

+0.07%

+0.61%

-2.92%

$ 101.16M

$ 287.86K

Instadapp

FLUID

$ 1.1897

-0.10%

+0.92%

-4.59%

$ 100.14M

$ 1.46K

dYdX

DYDX

$ 0.1126

-0.35%

-0.47%

-6.38%

$ 95.77M

$ 852.86K

ZRX

$ 0.11059

-0.28%

-0.43%

+2.75%

$ 95.26M

$ 565.09K

Origin Ether

OETH

$ 2,497.89

-0.07%

-0.00%

+0.21%

$ 90.34M

$ 43.82K

Reserve Rights

RSR

$ 0.001432

0.00%

-4.28%

-0.83%

$ 89.51M

$ 41.02M

DeepBook

DEEP

$ 0.015067

-0.61%

-0.03%

-4.18%

$ 87.28M

$ 3.78M

Orca

ORCA

$ 1.3402

+0.31%

+0.15%

-6.78%

$ 82.65M

$ 61.90K

Huma Finance

HUMA

$ 0.02261

-0.22%

-2.40%

-0.13%

$ 80.63M

$ 2.62M

GMX

$ 7.401

-0.37%

-5.39%

-9.53%

$ 78.00M

$ 7.97K

YearnFinance

YFI

$ 2,140.5

-0.30%

-1.77%

-5.35%

$ 77.92M

$ 25.75

CoW Protocol

COW

$ 0.1336

-0.37%

-2.39%

-0.95%

$ 77.31M

$ 383.57K

BULLA

$ 0.07572

-2.27%

-5.79%

-1.32%

$ 75.25M

$ 3.75M

Lista USD

LISUSD

$ 0.998542

0.00%

+0.09%

$ 75.10M

$ 23.27K

VELO

$ 0.004268

-0.28%

-1.10%

-17.11%

$ 74.35M

$ 6.34M

SNX

$ 0.2085

-0.24%

-2.59%

-4.36%

$ 72.49M

$ 307.92K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.52M

Numeraire

NMR

$ 9

-0.01%

-3.56%

-5.17%

$ 67.46M

$ 6.46K

Treehouse ETH

TETH

$ 3,121.24

-0.44%

-0.00%

+0.11%

$ 63.99M

$ 7.88K

Turbo

TURBO

$ 0.0008918

+0.20%

-2.41%

-10.41%

$ 62.15M

$ 109.25M

BERA

$ 0.1846

-0.05%

-2.06%

-0.75%

$ 61.97M

$ 374.23K

SUSHI

$ 0.2147

-0.09%

-3.18%

-9.44%

$ 61.93M

$ 312.86K

NOXO

$ 0.341747

0.00%

-0.00%

-3.55%

$ 56.96M

$ 226.84

Kinetiq

KNTQ

$ 0.202763

-0.07%

0.00%

-6.31%

$ 56.87M

$ 881.65K

Spark

SPK

$ 0.01834

-0.75%

-2.69%

-9.70%

$ 56.87M

$ 2.77M

cETH

CETH

$ 50.16

-0.28%

-0.00%

0.00%

$ 54.88M

Threshold

$ 0.004726

-2.03%

+6.98%

+10.12%

$ 53.16M

$ 37.06M

Brazilian Digital

BRZ

$ 0.193553

-0.06%

-0.00%

-0.15%

$ 52.81M

$ 15.34K

Babylon

BABY

$ 0.011138

+0.25%

-11.10%

+0.80%

$ 52.00M

$ 12.28M

Venus

XVS

$ 3.0489

+0.13%

-1.16%

-6.01%

$ 50.27M

$ 18.27K

100

SPACE ID

$ 0.03418

+1.25%

+1.62%

-0.15%

$ 50.07M

$ 1.68M

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