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

Zebec Network

ZBCN

$ 0.0017957

-0.14%

+1.60%

-3.36%

$ 179.46M

$ 114.71M

Ethena Staked ENA

SENA

$ 0.14303

-0.19%

0.00%

-16.83%

$ 178.99M

$ 23.23K

Coinbase Wrapped XRP

CBXRP

$ 1.4

0.00%

+0.01%

-2.78%

$ 176.45M

$ 3.29M

THORChain

RUNE

$ 0.5093

+0.02%

-1.64%

+4.11%

$ 167.52M

$ 297.29K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

Telcoin

TEL

$ 0.001585

-0.25%

+0.38%

-11.23%

$ 152.82M

$ 60.48M

Vision

VSN

$ 0.0416

-0.10%

-0.62%

+1.14%

$ 152.62M

$ 1.38M

Frax Ether

FRXETH

$ 2,474.97

-0.04%

-0.01%

-1.39%

$ 152.17M

$ 735.71K

DEXE

$ 1.809

+0.39%

0.00%

-6.71%

$ 151.31M

$ 48.87K

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 146.05M

$ 41.04K

Derive

DRV

$ 0.140016

-0.02%

-0.01%

-15.60%

$ 139.98M

$ 4.48M

Kamino

KMNO

$ 0.02483

+0.12%

-0.08%

-6.61%

$ 137.47M

$ 2.33M

1INCH

$ 0.09189

+0.01%

-0.72%

-1.40%

$ 130.66M

$ 646.21K

Bybit Staked SOL

BBSOL

$ 117.92

-0.01%

-0.00%

-3.68%

$ 126.02M

$ 240.74K

AWE Network

AWE

$ 0.06231

-0.16%

+4.61%

+4.44%

$ 122.02M

$ 946.46K

Bedrock

$ 0.3662

-8.59%

-5.68%

+27.89%

$ 117.17M

$ 785.18K

Horizen

ZEN

$ 6.26

+0.14%

-0.79%

-14.19%

$ 115.13M

$ 29.93K

Staked Frax Ether

SFRXETH

$ 2,904.0

-0.07%

-0.00%

+4.32%

$ 107.32M

$ 9.53K

Nexus Mutual

NXM

$ 63.61

-0.25%

-0.01%

-0.55%

$ 106.80M

SoSoValue

SOSO

$ 0.2941

-0.41%

-0.34%

-3.70%

$ 100.69M

$ 288.05K

Instadapp

FLUID

$ 1.1648

-0.70%

-2.99%

-7.55%

$ 98.24M

$ 1.72K

dYdX

DYDX

$ 0.11211

+0.09%

-1.16%

-7.79%

$ 95.29M

$ 841.72K

ZRX

$ 0.11036

-0.47%

-3.70%

+2.45%

$ 93.40M

$ 561.29K

Reserve Rights

RSR

$ 0.001432

+0.35%

-2.50%

-2.17%

$ 90.33M

$ 40.83M

Origin Ether

OETH

$ 2,482.0

-0.27%

-0.01%

-1.48%

$ 89.76M

$ 51.02K

DeepBook

DEEP

$ 0.015029

+0.27%

-0.09%

-5.98%

$ 86.91M

$ 3.81M

Orca

ORCA

$ 1.3436

+0.25%

-0.31%

-6.33%

$ 81.89M

$ 64.89K

Huma Finance

HUMA

$ 0.02268

+0.13%

-2.88%

-0.44%

$ 80.10M

$ 2.64M

GMX

$ 7.368

-0.26%

-6.16%

-11.34%

$ 77.53M

$ 8.06K

YearnFinance

YFI

$ 2,145.3

-0.11%

-2.26%

-6.13%

$ 77.46M

$ 25.84

CoW Protocol

COW

$ 0.134

+0.37%

-3.58%

-2.03%

$ 77.26M

$ 401.79K

BULLA

$ 0.075658

-0.32%

-6.37%

-3.86%

$ 75.31M

$ 3.65M

VELO

$ 0.004286

-0.63%

-0.65%

-18.36%

$ 75.30M

$ 6.15M

Lista USD

LISUSD

$ 0.998809

+0.04%

0.00%

+0.12%

$ 75.12M

$ 20.86K

SNX

$ 0.2075

-0.10%

-3.39%

-6.31%

$ 71.62M

$ 310.54K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

+0.00%

0.00%

$ 68.57M

Numeraire

NMR

$ 8.951

+0.08%

-3.59%

-5.49%

$ 67.26M

$ 6.31K

Treehouse ETH

TETH

$ 3,108.04

-0.21%

-0.01%

-1.38%

$ 63.72M

$ 8.23K

BERA

$ 0.1823

-1.65%

-1.18%

-3.50%

$ 61.73M

$ 374.04K

SUSHI

$ 0.2146

-0.05%

-3.02%

-10.89%

$ 61.73M

$ 312.87K

Turbo

TURBO

$ 0.0008875

-0.25%

-2.96%

-13.36%

$ 61.46M

$ 114.39M

Threshold

$ 0.004897

+7.59%

+8.38%

+17.51%

$ 57.56M

$ 37.53M

Spark

SPK

$ 0.01849

+0.22%

-1.86%

-8.88%

$ 56.96M

$ 2.71M

NOXO

$ 0.341746

0.00%

-0.00%

-3.40%

$ 56.96M

$ 226.84

Kinetiq

KNTQ

$ 0.201606

-0.62%

-0.01%

-8.92%

$ 56.55M

$ 881.47K

cETH

CETH

$ 49.87

-0.20%

-0.01%

-1.48%

$ 54.57M

Brazilian Digital

BRZ

$ 0.193462

-0.03%

-0.00%

-0.43%

$ 52.79M

$ 15.33K

Babylon

BABY

$ 0.011076

-0.27%

-12.27%

-1.08%

$ 51.08M

$ 12.20M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

100

SPACE ID

$ 0.03337

-4.71%

+1.38%

-1.69%

$ 49.92M

$ 2.01M

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

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