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

$ 0.0018018

-0.13%

+1.97%

+0.78%

$ 180.21M

$ 108.45M

Ethena Staked ENA

SENA

$ 0.143295

0.00%

+0.00%

-15.37%

$ 179.32M

$ 35.10K

Coinbase Wrapped XRP

CBXRP

$ 1.41

0.00%

+0.02%

-2.08%

$ 177.63M

$ 3.35M

THORChain

RUNE

$ 0.5093

+0.55%

-0.94%

+5.93%

$ 168.96M

$ 300.67K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

Telcoin

TEL

$ 0.001595

-0.19%

+1.33%

-9.91%

$ 153.87M

$ 62.70M

Frax Ether

FRXETH

$ 2,488.25

-0.03%

-0.00%

-0.65%

$ 153.00M

$ 759.68K

Vision

VSN

$ 0.0416

+0.14%

+0.07%

+1.14%

$ 152.73M

$ 1.38M

DEXE

$ 1.802

+0.06%

-1.15%

-6.97%

$ 150.89M

$ 49.32K

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 146.03M

$ 1.52K

Derive

DRV

$ 0.140068

-0.02%

-0.01%

-15.24%

$ 140.02M

$ 4.50M

Kamino

KMNO

$ 0.02483

0.00%

-5.73%

$ 137.53M

$ 2.43M

1INCH

$ 0.09248

+0.47%

-0.70%

-1.16%

$ 130.87M

$ 618.45K

Bedrock

$ 0.4203

+1.07%

+1.92%

+39.65%

$ 127.82M

$ 790.51K

Bybit Staked SOL

BBSOL

$ 118.41

+0.19%

-0.00%

-3.13%

$ 126.56M

$ 237.50K

AWE Network

AWE

$ 0.06338

+1.67%

+4.24%

+4.70%

$ 121.71M

$ 924.23K

Horizen

ZEN

$ 6.266

+0.45%

-0.51%

-13.64%

$ 115.26M

$ 29.95K

Staked Frax Ether

SFRXETH

$ 2,906.53

+0.02%

-0.00%

+4.75%

$ 107.42M

$ 9.52K

Nexus Mutual

NXM

$ 63.92

-0.23%

-0.00%

-0.14%

$ 107.32M

SoSoValue

SOSO

$ 0.2955

+0.10%

-0.64%

-3.34%

$ 101.03M

$ 288.19K

Instadapp

FLUID

$ 1.1821

+0.08%

+0.14%

-5.75%

$ 99.37M

$ 1.64K

dYdX

DYDX

$ 0.11252

+0.20%

-0.89%

-7.28%

$ 95.48M

$ 853.09K

ZRX

$ 0.11059

+0.05%

-1.20%

+4.67%

$ 94.27M

$ 559.43K

Reserve Rights

RSR

$ 0.00144

+0.70%

-2.76%

-2.44%

$ 90.20M

$ 40.95M

Origin Ether

OETH

$ 2,492.04

-0.16%

-0.01%

-0.72%

$ 90.13M

$ 51.24K

DeepBook

DEEP

$ 0.015087

+0.27%

-0.66%

-4.80%

$ 86.96M

$ 3.82M

Orca

ORCA

$ 1.3421

+0.23%

-0.60%

-8.46%

$ 81.63M

$ 64.59K

Huma Finance

HUMA

$ 0.02257

-0.04%

-2.63%

-1.22%

$ 80.10M

$ 2.64M

GMX

$ 7.424

+0.54%

-5.89%

-10.41%

$ 77.85M

$ 8.09K

YearnFinance

YFI

$ 2,150.2

+0.56%

-1.96%

-5.43%

$ 77.76M

$ 25.99

CoW Protocol

COW

$ 0.1347

+0.45%

-3.80%

-2.11%

$ 76.97M

$ 400.74K

VELO

$ 0.004329

+2.19%

+0.81%

-16.59%

$ 76.39M

$ 5.44M

BULLA

$ 0.075565

+0.04%

-6.00%

-2.32%

$ 75.41M

$ 3.68M

Lista USD

LISUSD

$ 0.998808

0.00%

+0.12%

$ 75.11M

$ 19.60K

SNX

$ 0.208

+0.14%

-3.25%

-5.36%

$ 71.83M

$ 311.76K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

+0.00%

0.00%

$ 68.50M

Numeraire

NMR

$ 8.989

+0.17%

-3.39%

-4.84%

$ 67.28M

$ 6.32K

Treehouse ETH

TETH

$ 3,114.09

-0.11%

-0.01%

-0.76%

$ 63.84M

$ 8.05K

BERA

$ 0.1867

+1.29%

+0.43%

-0.32%

$ 62.94M

$ 373.39K

SUSHI

$ 0.215

+0.37%

-3.01%

-9.36%

$ 61.96M

$ 315.13K

Turbo

TURBO

$ 0.0008915

+0.24%

-2.73%

-13.05%

$ 61.66M

$ 111.60M

Kinetiq

KNTQ

$ 0.203193

+0.47%

0.00%

-7.89%

$ 56.99M

$ 895.33K

NOXO

$ 0.341756

0.00%

-0.00%

-3.47%

$ 56.96M

$ 226.85

Spark

SPK

$ 0.01844

+0.44%

-2.64%

-8.89%

$ 56.90M

$ 2.72M

cETH

CETH

$ 50.15

+0.06%

-0.01%

-0.63%

$ 54.87M

Threshold

$ 0.004806

+1.35%

+3.68%

+9.65%

$ 53.74M

$ 37.26M

Brazilian Digital

BRZ

$ 0.193508

0.00%

-0.00%

-0.39%

$ 52.80M

$ 15.34K

SPACE ID

$ 0.03473

+2.52%

+5.59%

+3.15%

$ 52.21M

$ 1.83M

Babylon

BABY

$ 0.01112

+0.01%

-10.90%

-1.03%

$ 51.13M

$ 12.19M

100

Venus

XVS

$ 3.0543

+0.17%

-1.72%

-6.73%

$ 50.15M

$ 19.56K

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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