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

$ 0.0018212

-0.67%

+2.43%

-0.51%

$ 182.88M

$ 117.53M

Ethena Staked ENA

SENA

$ 0.145209

0.00%

+0.02%

-12.44%

$ 181.71M

$ 21.76K

Coinbase Wrapped XRP

CBXRP

$ 1.4

+0.72%

+0.00%

-2.10%

$ 176.94M

$ 3.00M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

THORChain

RUNE

$ 0.5055

0.00%

-2.07%

+3.67%

$ 166.27M

$ 292.96K

Vision

VSN

$ 0.04158

+0.12%

-1.07%

+0.75%

$ 152.95M

$ 1.36M

Frax Ether

FRXETH

$ 2,470.86

+0.16%

-0.01%

-1.32%

$ 151.92M

$ 564.26K

DEXE

$ 1.804

+0.28%

+0.33%

-6.08%

$ 151.31M

$ 45.98K

Telcoin

TEL

$ 0.001548

+0.06%

-3.18%

-14.38%

$ 149.45M

$ 57.19M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 147.07M

$ 124.77K

Derive

DRV

$ 0.13946

+0.06%

-0.01%

-15.57%

$ 139.44M

$ 4.50M

Kamino

KMNO

$ 0.02502

+0.52%

+0.08%

-7.64%

$ 138.36M

$ 2.26M

1INCH

$ 0.09097

+0.23%

-1.59%

-2.14%

$ 128.55M

$ 650.59K

Bybit Staked SOL

BBSOL

$ 117.7

+0.09%

-0.00%

-3.02%

$ 125.79M

$ 234.92K

AWE Network

AWE

$ 0.06357

-0.22%

+4.97%

+5.93%

$ 123.19M

$ 943.86K

Horizen

ZEN

$ 6.278

+0.90%

-0.10%

-15.94%

$ 115.24M

$ 30.90K

Staked Frax Ether

SFRXETH

$ 2,888.59

+0.35%

-0.01%

-0.94%

$ 106.75M

$ 3.16K

Nexus Mutual

NXM

$ 63.51

+0.28%

-0.00%

-0.42%

$ 106.62M

SoSoValue

SOSO

$ 0.2937

+0.14%

-0.27%

-3.22%

$ 100.58M

$ 284.23K

Instadapp

FLUID

$ 1.1525

0.00%

-3.13%

-8.44%

$ 96.46M

$ 1.78K

ZRX

$ 0.11055

+0.26%

+0.10%

+1.74%

$ 92.87M

$ 565.64K

dYdX

DYDX

$ 0.1082

-0.02%

-3.49%

-9.56%

$ 92.57M

$ 872.57K

Origin Ether

OETH

$ 2,477.76

+0.19%

-0.01%

-1.03%

$ 89.61M

$ 71.09K

Reserve Rights

RSR

$ 0.001417

0.00%

-2.82%

-3.28%

$ 88.51M

$ 40.78M

DeepBook

DEEP

$ 0.014855

+0.66%

-2.20%

-9.42%

$ 85.37M

$ 3.78M

Orca

ORCA

$ 1.3797

+1.20%

+3.99%

-5.32%

$ 84.20M

$ 54.37K

Bedrock

$ 0.2657

-3.22%

-46.54%

-12.51%

$ 83.53M

$ 701.77K

Huma Finance

HUMA

$ 0.02313

-0.22%

+1.86%

+0.39%

$ 81.37M

$ 2.48M

CoW Protocol

COW

$ 0.1341

+0.60%

-0.30%

-1.25%

$ 77.03M

$ 397.48K

YearnFinance

YFI

$ 2,135.9

+0.40%

-1.91%

-5.92%

$ 76.97M

$ 25.01

GMX

$ 7.294

+0.87%

-4.63%

-12.21%

$ 76.73M

$ 7.40K

Lista USD

LISUSD

$ 0.998513

0.00%

+0.05%

$ 74.20M

$ 19.70K

VELO

$ 0.00415

-0.41%

-2.71%

-22.39%

$ 73.24M

$ 6.75M

BULLA

$ 0.071646

-0.58%

-9.69%

-16.23%

$ 71.61M

$ 3.40M

SNX

$ 0.2069

+0.39%

-1.43%

-5.48%

$ 71.25M

$ 293.83K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.51M

Numeraire

NMR

$ 8.83

+0.35%

-2.60%

-5.49%

$ 66.44M

$ 6.21K

Treehouse ETH

TETH

$ 3,103.88

+0.45%

-0.01%

-0.78%

$ 63.48M

$ 74.36K

Turbo

TURBO

$ 0.0008893

+0.70%

-1.96%

-11.93%

$ 61.35M

$ 117.22M

BERA

$ 0.1831

+1.44%

-0.16%

-1.50%

$ 61.30M

$ 347.89K

SUSHI

$ 0.2139

+0.75%

-1.66%

-8.79%

$ 61.30M

$ 320.57K

NOXO

$ 0.345009

-0.62%

+0.01%

-2.42%

$ 57.50M

$ 2.00K

Spark

SPK

$ 0.01838

+0.99%

-1.08%

-9.41%

$ 56.68M

$ 2.73M

Kinetiq

KNTQ

$ 0.201838

+0.91%

-0.01%

-8.81%

$ 56.61M

$ 834.91K

cETH

CETH

$ 49.85

+0.20%

-0.01%

-1.35%

$ 54.55M

Brazilian Digital

BRZ

$ 0.19473

+0.93%

+0.01%

-0.06%

$ 53.13M

$ 16.00K

Threshold

$ 0.004743

0.00%

-8.08%

+8.70%

$ 52.95M

$ 34.46M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Babylon

BABY

$ 0.011048

+0.85%

-10.21%

-5.91%

$ 49.72M

$ 12.89M

100

Savings xDAI

SDAI

$ 1.25

0.00%

-0.79%

$ 49.67M

$ 231.70K

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)

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Frequently Asked Questions

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