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

$ 0.148365

0.00%

+0.06%

-8.60%

$ 185.66M

$ 70.69K

Zebec Network

ZBCN

$ 0.0018397

+0.04%

+3.59%

+2.77%

$ 183.59M

$ 119.96M

Coinbase Wrapped XRP

CBXRP

$ 1.43

-0.69%

+0.06%

+0.70%

$ 180.16M

$ 3.42M

THORChain

RUNE

$ 0.5189

-0.38%

+2.47%

+6.20%

$ 170.54M

$ 351.61K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

Bedrock

$ 0.5303

-0.64%

+68.00%

+92.20%

$ 159.79M

$ 628.14K

Telcoin

TEL

$ 0.001635

-0.42%

+4.99%

-8.11%

$ 157.91M

$ 64.77M

Frax Ether

FRXETH

$ 2,518.99

-0.44%

+0.02%

+1.23%

$ 154.84M

$ 752.24K

Vision

VSN

$ 0.04213

-0.26%

+1.81%

+4.05%

$ 154.41M

$ 1.41M

DEXE

$ 1.799

+0.06%

-0.33%

-7.55%

$ 150.80M

$ 51.60K

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 146.12M

$ 135.97K

Derive

DRV

$ 0.14365

+0.02%

-0.00%

-12.04%

$ 143.61M

$ 4.30M

Kamino

KMNO

$ 0.02488

-0.28%

+0.61%

-4.76%

$ 137.12M

$ 2.50M

1INCH

$ 0.09348

-0.22%

+2.95%

+0.44%

$ 132.09M

$ 630.42K

Bybit Staked SOL

BBSOL

$ 120.1

-0.14%

+0.03%

-0.86%

$ 128.43M

$ 233.32K

Horizen

ZEN

$ 6.394

-0.02%

+3.22%

-8.96%

$ 117.37M

$ 32.92K

AWE Network

AWE

$ 0.06027

+0.12%

+0.15%

+0.33%

$ 116.60M

$ 927.90K

Staked Frax Ether

SFRXETH

$ 2,950.15

-0.32%

+0.02%

+1.78%

$ 109.04M

$ 9.49K

Nexus Mutual

NXM

$ 64.46

-0.39%

+0.02%

+1.03%

$ 108.23M

SoSoValue

SOSO

$ 0.2946

-0.03%

+0.14%

-4.26%

$ 100.72M

$ 288.82K

Instadapp

FLUID

$ 1.1877

-0.90%

+2.05%

-7.37%

$ 99.41M

$ 1.27K

dYdX

DYDX

$ 0.11403

+0.01%

+1.93%

-6.06%

$ 96.45M

$ 888.45K

ZRX

$ 0.11242

-0.09%

+0.74%

+11.08%

$ 94.84M

$ 590.58K

Origin Ether

OETH

$ 2,524.67

-0.38%

+0.02%

+1.23%

$ 91.31M

$ 40.69K

Reserve Rights

RSR

$ 0.00144

-0.83%

-3.18%

+0.56%

$ 89.64M

$ 41.56M

DeepBook

DEEP

$ 0.015297

+0.05%

+2.57%

-4.03%

$ 87.76M

$ 4.15M

Orca

ORCA

$ 1.3684

-0.44%

+3.09%

-6.00%

$ 83.21M

$ 64.77K

Huma Finance

HUMA

$ 0.02302

+0.39%

-0.30%

+2.89%

$ 81.94M

$ 2.67M

YearnFinance

YFI

$ 2,166.5

-0.02%

-0.13%

-3.99%

$ 78.13M

$ 27.50

GMX

$ 7.467

-1.58%

-3.69%

-10.53%

$ 77.99M

$ 8.12K

CoW Protocol

COW

$ 0.1353

-0.59%

-0.07%

+1.27%

$ 77.67M

$ 423.00K

BULLA

$ 0.074168

+0.09%

-4.35%

-5.23%

$ 75.13M

$ 3.49M

VELO

$ 0.004303

-0.49%

+2.81%

-18.44%

$ 75.12M

$ 8.73M

Lista USD

LISUSD

$ 0.998632

+0.02%

0.00%

+0.08%

$ 75.10M

$ 26.46K

SNX

$ 0.2102

-0.47%

-1.27%

-3.93%

$ 72.35M

$ 310.13K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.57M

Numeraire

NMR

$ 9.035

-0.01%

-2.66%

-4.66%

$ 67.56M

$ 6.82K

Treehouse ETH

TETH

$ 3,164.65

-0.45%

+0.02%

+1.41%

$ 64.89M

$ 1.64K

Turbo

TURBO

$ 0.000905

-0.42%

-0.48%

-10.59%

$ 62.31M

$ 104.14M

SUSHI

$ 0.2156

-0.18%

-0.96%

-9.81%

$ 61.99M

$ 324.99K

BERA

$ 0.185

-0.49%

-1.97%

-1.76%

$ 61.49M

$ 405.33K

Kinetiq

KNTQ

$ 0.204754

-0.69%

+0.01%

-3.28%

$ 57.43M

$ 900.87K

Spark

SPK

$ 0.01853

-0.27%

-1.39%

-8.28%

$ 57.08M

$ 2.84M

NOXO

$ 0.342145

0.00%

-0.00%

-3.45%

$ 57.02M

$ 510.24

Threshold

$ 0.005027

+2.50%

+15.77%

+16.03%

$ 56.36M

$ 31.24M

cETH

CETH

$ 50.74

-0.37%

+0.02%

+1.02%

$ 55.52M

Brazilian Digital

BRZ

$ 0.194527

-0.11%

+0.00%

+0.27%

$ 53.07M

$ 15.97K

Babylon

BABY

$ 0.011571

-0.59%

-5.59%

+2.05%

$ 52.78M

$ 6.49M

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

100

Savings xDAI

SDAI

$ 1.26

0.00%

-0.00%

0.00%

$ 50.00M

$ 228.11K

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