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

$ 0.145215

+0.01%

+0.02%

-9.14%

$ 181.72M

$ 20.67K

Zebec Network

ZBCN

$ 0.0017243

-1.28%

-1.01%

-1.37%

$ 177.59M

$ 118.07M

Coinbase Wrapped XRP

CBXRP

$ 1.41

0.00%

+0.01%

-0.70%

$ 177.37M

$ 3.72M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

THORChain

RUNE

$ 0.4946

+0.18%

-3.86%

+4.04%

$ 164.33M

$ 302.92K

Vision

VSN

$ 0.04146

0.00%

-1.30%

+1.34%

$ 152.76M

$ 1.38M

DEXE

$ 1.778

+0.61%

-4.84%

$ 151.56M

$ 41.78K

Telcoin

TEL

$ 0.00154

+2.02%

-2.12%

-13.62%

$ 150.70M

$ 60.80M

Frax Ether

FRXETH

$ 2,441.86

-0.01%

-0.02%

-1.82%

$ 150.15M

$ 1.21M

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.00%

+0.10%

$ 148.80M

$ 124.76K

Derive

DRV

$ 0.139257

-0.08%

-0.01%

-15.96%

$ 139.25M

$ 4.52M

Kamino

KMNO

$ 0.02479

0.00%

-0.08%

-7.86%

$ 138.08M

$ 2.24M

1INCH

$ 0.08873

+0.09%

-1.83%

-2.55%

$ 127.61M

$ 646.15K

Bybit Staked SOL

BBSOL

$ 116.94

+0.06%

-0.01%

-2.97%

$ 125.07M

$ 242.71K

AWE Network

AWE

$ 0.06247

+1.21%

+5.40%

+7.14%

$ 123.65M

$ 950.77K

Horizen

ZEN

$ 6.162

+0.66%

-0.99%

-16.59%

$ 115.00M

$ 30.98K

Staked Frax Ether

SFRXETH

$ 2,867.01

+0.14%

-0.01%

-1.07%

$ 105.87M

$ 13.43K

Nexus Mutual

NXM

$ 62.91

+0.18%

-0.01%

-1.15%

$ 105.60M

SoSoValue

SOSO

$ 0.2931

+0.07%

-0.37%

-2.71%

$ 100.65M

$ 283.01K

Instadapp

FLUID

$ 1.1253

-0.25%

-3.63%

-7.66%

$ 95.18M

$ 1.76K

ZRX

$ 0.10874

+0.72%

-0.41%

+3.89%

$ 93.73M

$ 574.91K

dYdX

DYDX

$ 0.1062

+0.46%

-4.40%

-8.53%

$ 91.66M

$ 877.44K

Origin Ether

OETH

$ 2,445.87

+0.16%

-0.02%

-1.81%

$ 88.46M

$ 71.36K

Reserve Rights

RSR

$ 0.001387

+0.36%

-3.90%

-1.61%

$ 87.76M

$ 40.08M

DeepBook

DEEP

$ 0.01457

+0.54%

-1.99%

-7.40%

$ 85.06M

$ 3.87M

Huma Finance

HUMA

$ 0.02299

+1.34%

+1.39%

+0.95%

$ 82.93M

$ 2.47M

Orca

ORCA

$ 1.3172

+0.21%

-0.30%

-9.34%

$ 81.65M

$ 56.26K

Bedrock

$ 0.2678

+2.84%

-49.91%

-15.28%

$ 79.76M

$ 726.39K

YearnFinance

YFI

$ 2,080.1

+0.69%

-2.03%

-5.43%

$ 76.96M

$ 25.08

CoW Protocol

COW

$ 0.1317

+0.91%

-1.04%

-0.89%

$ 76.45M

$ 383.35K

GMX

$ 7.149

+0.79%

-5.34%

-9.20%

$ 76.31M

$ 7.48K

Lista USD

LISUSD

$ 0.998573

+0.02%

0.00%

+0.10%

$ 74.20M

$ 21.43K

BULLA

$ 0.072646

+0.48%

-5.66%

-12.45%

$ 73.99M

$ 4.10M

SNX

$ 0.2039

+0.93%

-1.81%

-4.36%

$ 71.11M

$ 329.78K

VELO

$ 0.004015

-1.69%

-7.35%

-23.38%

$ 70.61M

$ 7.43M

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.57M

Numeraire

NMR

$ 8.757

+0.47%

-2.19%

-5.41%

$ 66.04M

$ 6.23K

Treehouse ETH

TETH

$ 3,063.26

+0.07%

-0.02%

-1.64%

$ 62.64M

$ 73.36K

BERA

$ 0.1831

+1.77%

+0.22%

-0.22%

$ 61.60M

$ 345.60K

Turbo

TURBO

$ 0.0008769

+0.30%

-2.54%

-11.08%

$ 61.44M

$ 109.32M

SUSHI

$ 0.2089

+0.76%

-2.56%

-6.95%

$ 61.10M

$ 324.25K

NOXO

$ 0.344753

-0.01%

+0.01%

+5.33%

$ 57.46M

$ 2.07K

Kinetiq

KNTQ

$ 0.201939

+0.39%

-0.01%

-9.00%

$ 56.64M

$ 805.34K

Spark

SPK

$ 0.01805

+0.82%

-1.24%

-9.25%

$ 56.56M

$ 2.76M

cETH

CETH

$ 49.1

-0.39%

-0.02%

-2.04%

$ 53.73M

Brazilian Digital

BRZ

$ 0.19451

+0.09%

+0.00%

-0.28%

$ 53.08M

$ 2.54K

Threshold

$ 0.004653

+0.62%

-7.48%

+6.85%

$ 52.40M

$ 32.34M

Babylon

BABY

$ 0.010746

+0.57%

-4.92%

-3.47%

$ 50.17M

$ 13.35M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

100

Savings xDAI

SDAI

$ 1.26

0.00%

+0.00%

0.00%

$ 49.75M

$ 202.82K

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