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

Kamino

KMNO

$ 0.03311

-0.75%

-11.50%

-17.24%

$ 194.22M

$ 1.98M

Lido Earn ETH

EARNETH

$ 2,281.96

+0.42%

-0.05%

-3.32%

$ 191.57M

Coinbase Wrapped XRP

CBXRP

$ 1.25

+0.81%

-0.03%

-2.34%

$ 189.57M

$ 7.61M

MIOTAC

IOTA

$ 0.03947

+0.66%

-3.14%

-8.20%

$ 186.53M

$ 2.23M

Maple Finance

SYRUP

$ 0.15551

+0.17%

-5.30%

-11.40%

$ 184.48M

$ 703.61K

Ethena Staked ENA

SENA

$ 0.195154

+1.12%

-0.10%

+3.15%

$ 184.22M

$ 279.30K

WeFi

WFI

$ 2.0191

+0.04%

+0.54%

$ 176.17M

$ 844.21K

crvUSD

CRVUSD

$ 0.998797

+0.04%

0.00%

-0.01%

$ 167.37M

$ 200.29M

Kinetiq

KNTQ

$ 0.528034

+2.27%

+0.06%

+43.21%

$ 166.82M

$ 19.14M

Instadapp

FLUID

$ 1.8534

+0.47%

-9.87%

-12.77%

$ 155.16M

$ 18.90K

Bedrock

$ 0.4745

-0.97%

+2.04%

+2.17%

$ 144.95M

$ 170.76K

Bybit Staked SOL

BBSOL

$ 111.87

+0.97%

-0.06%

-5.01%

$ 144.64M

$ 2.47M

Vision

VSN

$ 0.03776

-0.39%

-2.45%

-2.87%

$ 138.76M

$ 2.86M

AWE Network

AWE

$ 0.06958

+0.63%

+0.90%

+10.57%

$ 136.92M

$ 928.23K

Frax Ether

FRXETH

$ 2,229.39

+0.25%

-0.04%

-4.22%

$ 133.85M

$ 1.24M

DEXE

$ 1.49

+0.54%

-6.63%

-6.68%

$ 125.10M

$ 70.45K

Magma Finance

MAGMA

$ 0.38375

-0.20%

+31.54%

+0.97%

$ 116.97M

$ 436.29K

BUILDon

$ 0.11609

-0.26%

-15.26%

-10.74%

$ 116.77M

$ 564.37K

1INCH

$ 0.07903

+0.66%

-10.87%

-10.73%

$ 112.38M

$ 763.98K

SoSoValue

SOSO

$ 0.3179

+1.75%

+7.25%

+12.95%

$ 111.29M

$ 307.55K

Hastra AUTO

AUTO

$ 1.029

0.00%

+0.10%

$ 106.10M

$ 1.55M

Huma Finance

HUMA

$ 0.02826

-1.36%

-3.64%

+13.27%

$ 100.41M

$ 4.66M

Horizen

ZEN

$ 5.345

+0.49%

-10.91%

-4.93%

$ 99.01M

$ 70.08K

Orca

ORCA

$ 1.5821

-0.63%

-4.69%

-4.19%

$ 97.41M

$ 60.62K

Staked Frax Ether

SFRXETH

$ 2,627.25

+0.14%

-0.04%

-3.41%

$ 96.01M

$ 3.14K

DeepBook

DEEP

$ 0.015831

+0.26%

-7.17%

-4.21%

$ 93.24M

$ 4.17M

dYdX

DYDX

$ 0.10589

+0.30%

-8.13%

-1.41%

$ 90.00M

$ 1.35M

Nexus Mutual

NXM

$ 57.38

+0.21%

-0.03%

-2.91%

$ 89.68M

Reserve Rights

RSR

$ 0.001405

-0.86%

-12.69%

-15.30%

$ 86.95M

$ 331.65M

GMX

$ 8.06

+0.15%

-4.20%

-1.93%

$ 85.92M

$ 7.17K

ZRX

$ 0.09424

+0.63%

-8.26%

-6.51%

$ 80.18M

$ 906.63K

Origin Ether

OETH

$ 2,233.01

+0.31%

-0.05%

-3.61%

$ 77.96M

$ 103.36K

Lista USD

LISUSD

$ 0.997305

+0.03%

+0.00%

+0.16%

$ 75.68M

$ 1.26M

ORE

$ 145.32

+0.38%

-0.11%

-6.31%

$ 74.94M

$ 2.73M

BULLA

$ 0.072915

-0.02%

-3.67%

-14.35%

$ 72.94M

$ 3.87M

Numeraire

NMR

$ 9.378

+0.23%

-5.75%

-6.21%

$ 72.08M

$ 25.87K

NOXO

$ 0.412798

-0.54%

-0.01%

-3.54%

$ 68.80M

$ 16.18K

YearnFinance

YFI

$ 1,861.3

-0.12%

-10.65%

-12.80%

$ 66.87M

$ 49.79

SNX

$ 0.1844

-0.32%

-8.58%

-6.54%

$ 63.49M

$ 412.17K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.15

0.00%

+0.88%

$ 63.24M

Babylon

BABY

$ 0.012791

+0.81%

-6.13%

-3.07%

$ 62.63M

$ 8.04M

CoW Protocol

COW

$ 0.1094

+0.37%

-14.56%

-14.35%

$ 62.46M

$ 1.19M

VELO

$ 0.003457

-0.17%

-5.35%

-9.54%

$ 60.30M

$ 19.37M

Lido EarnUSD

EARNUSD

$ 1.038

0.00%

+0.10%

$ 58.40M

Amp

AMP

$ 0.0006367

+0.46%

-8.26%

-14.30%

$ 57.01M

$ 117.71M

SUSHI

$ 0.1962

+0.21%

-5.92%

-1.96%

$ 56.05M

$ 326.07K

Treehouse ETH

TETH

$ 2,795.26

+0.06%

-0.05%

-3.96%

$ 55.22M

$ 9.08K

Spark

SPK

$ 0.0177

+0.11%

-4.70%

-2.11%

$ 54.46M

$ 3.81M

Turbo

TURBO

$ 0.0007729

+0.13%

-6.60%

-5.43%

$ 53.59M

$ 222.82M

100

Yellow

YELLOW

$ 0.126932

-0.70%

-0.09%

-28.65%

$ 52.56M

$ 6.91M

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