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

$ 0.0018019

+0.82%

+2.60%

-1.98%

$ 180.63M

$ 123.07M

Ethena Staked ENA

SENA

$ 0.142594

0.00%

-0.00%

-15.15%

$ 178.44M

$ 15.98K

Coinbase Wrapped XRP

CBXRP

$ 1.39

-0.71%

0.00%

-2.11%

$ 175.20M

$ 3.25M

THORChain

RUNE

$ 0.5084

-0.18%

-1.45%

+3.64%

$ 167.38M

$ 296.85K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

Vision

VSN

$ 0.04166

+0.26%

-0.55%

+1.14%

$ 153.13M

$ 1.37M

Telcoin

TEL

$ 0.001583

-0.50%

-0.38%

-11.30%

$ 152.43M

$ 60.65M

Frax Ether

FRXETH

$ 2,463.43

-0.05%

-0.02%

-1.01%

$ 151.48M

$ 391.48K

DEXE

$ 1.814

+0.06%

+0.33%

-6.32%

$ 151.39M

$ 48.13K

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 146.05M

$ 41.04K

Derive

DRV

$ 0.140163

-0.15%

-0.01%

-15.67%

$ 140.15M

$ 4.45M

Kamino

KMNO

$ 0.02486

0.00%

-0.16%

-6.02%

$ 137.42M

$ 2.30M

1INCH

$ 0.09167

-0.87%

-1.19%

-2.13%

$ 129.13M

$ 650.84K

Bybit Staked SOL

BBSOL

$ 117.13

-0.23%

-0.01%

-3.21%

$ 125.18M

$ 241.52K

AWE Network

AWE

$ 0.06228

+0.08%

+3.05%

+4.28%

$ 120.76M

$ 942.56K

Horizen

ZEN

$ 6.257

-0.41%

-0.94%

-16.38%

$ 114.45M

$ 30.13K

Bedrock

$ 0.3713

-0.53%

-14.66%

+25.41%

$ 113.61M

$ 800.81K

Staked Frax Ether

SFRXETH

$ 2,879.76

-0.82%

-0.01%

+4.02%

$ 106.45M

$ 9.46K

Nexus Mutual

NXM

$ 63.35

-0.13%

-0.02%

+0.05%

$ 106.36M

SoSoValue

SOSO

$ 0.2947

+0.14%

-0.03%

-3.47%

$ 100.75M

$ 287.46K

Instadapp

FLUID

$ 1.1606

-0.17%

-2.61%

-8.26%

$ 97.49M

$ 1.71K

dYdX

DYDX

$ 0.11143

-0.88%

-1.69%

-8.70%

$ 94.14M

$ 870.78K

ZRX

$ 0.1106

+0.05%

-1.58%

+1.21%

$ 93.76M

$ 564.13K

Origin Ether

OETH

$ 2,472.44

-0.31%

-0.02%

-0.85%

$ 89.42M

$ 79.75K

Reserve Rights

RSR

$ 0.001426

-1.11%

-3.27%

-2.40%

$ 88.95M

$ 41.50M

DeepBook

DEEP

$ 0.014995

-0.49%

-0.90%

-6.32%

$ 86.01M

$ 3.83M

Orca

ORCA

$ 1.3508

+0.07%

-0.05%

-6.58%

$ 81.79M

$ 65.28K

Huma Finance

HUMA

$ 0.02283

-0.13%

-2.54%

-1.35%

$ 80.35M

$ 2.65M

YearnFinance

YFI

$ 2,138.6

-0.47%

-2.13%

-6.10%

$ 77.03M

$ 25.94

GMX

$ 7.353

-0.54%

-7.20%

-11.59%

$ 76.82M

$ 7.65K

CoW Protocol

COW

$ 0.1334

-0.75%

-3.20%

-2.92%

$ 76.28M

$ 402.65K

BULLA

$ 0.075055

-0.88%

-7.88%

-6.73%

$ 75.55M

$ 3.35M

Lista USD

LISUSD

$ 0.998652

0.00%

+0.11%

$ 75.10M

$ 20.93K

VELO

$ 0.004247

-1.33%

-0.75%

-17.79%

$ 74.28M

$ 6.01M

SNX

$ 0.207

-0.48%

-3.23%

-6.26%

$ 71.18M

$ 307.82K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

+0.00%

0.00%

$ 68.61M

Numeraire

NMR

$ 8.915

-0.71%

-3.80%

-6.09%

$ 66.68M

$ 6.33K

Treehouse ETH

TETH

$ 3,092.75

-0.20%

-0.01%

-0.91%

$ 63.25M

$ 8.84K

SUSHI

$ 0.2135

-0.65%

-2.96%

-9.92%

$ 61.21M

$ 316.96K

Turbo

TURBO

$ 0.0008852

-0.65%

-3.05%

-13.73%

$ 60.91M

$ 115.38M

BERA

$ 0.1813

-1.58%

-3.11%

-4.64%

$ 60.43M

$ 385.02K

NOXO

$ 0.341355

-0.01%

-0.00%

-3.48%

$ 56.89M

$ 328.68

Spark

SPK

$ 0.01842

-0.81%

-1.77%

-8.98%

$ 56.56M

$ 2.71M

Kinetiq

KNTQ

$ 0.199931

-0.04%

-0.02%

-9.84%

$ 56.08M

$ 868.64K

cETH

CETH

$ 49.67

-0.30%

-0.01%

-0.78%

$ 54.35M

Threshold

$ 0.004753

-1.99%

-10.78%

+9.48%

$ 53.73M

$ 37.29M

Brazilian Digital

BRZ

$ 0.19341

-0.01%

-0.00%

-0.58%

$ 52.77M

$ 15.32K

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Babylon

BABY

$ 0.010895

-2.29%

-9.81%

-4.07%

$ 49.87M

$ 12.16M

100

Venus

XVS

$ 3.021

-0.66%

-2.71%

-7.95%

$ 49.53M

$ 19.34K

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