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

$ 0.0018487

+1.09%

+2.83%

-0.67%

$ 182.12M

$ 123.03M

Ethena Staked ENA

SENA

$ 0.141931

-0.46%

-0.00%

-15.55%

$ 177.61M

$ 20.82K

Coinbase Wrapped XRP

CBXRP

$ 1.4

+0.72%

+0.01%

-1.41%

$ 176.20M

$ 3.26M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.021

0.00%

+0.10%

$ 166.79M

THORChain

RUNE

$ 0.5075

-0.22%

-2.35%

+4.10%

$ 166.73M

$ 303.63K

DEXE

$ 1.809

+0.33%

+0.17%

-5.50%

$ 152.48M

$ 48.05K

Vision

VSN

$ 0.04154

-0.14%

-1.00%

+0.48%

$ 152.32M

$ 1.36M

Telcoin

TEL

$ 0.001568

-0.32%

-2.05%

-11.55%

$ 151.76M

$ 60.30M

Frax Ether

FRXETH

$ 2,466.23

-0.07%

-0.01%

-0.60%

$ 151.63M

$ 417.54K

syrupUSDG

SYRUPUSDG

$ 1.011

0.00%

+0.10%

$ 146.05M

$ 106.05K

Derive

DRV

$ 0.140106

-0.22%

-0.01%

-13.87%

$ 140.06M

$ 4.40M

Kamino

KMNO

$ 0.02484

-0.08%

-0.40%

-6.33%

$ 137.42M

$ 2.30M

1INCH

$ 0.09138

-0.34%

-1.85%

-1.90%

$ 129.13M

$ 651.86K

Bybit Staked SOL

BBSOL

$ 117.42

+0.08%

-0.00%

-3.07%

$ 125.49M

$ 242.22K

AWE Network

AWE

$ 0.06247

-0.31%

+2.51%

+4.35%

$ 120.60M

$ 920.31K

Horizen

ZEN

$ 6.29

+0.18%

-1.46%

-15.67%

$ 114.89M

$ 30.14K

Staked Frax Ether

SFRXETH

$ 2,889.98

+0.39%

-0.01%

-0.44%

$ 106.80M

$ 9.51K

Nexus Mutual

NXM

$ 63.4

0.00%

-0.01%

+0.28%

$ 106.42M

Bedrock

$ 0.3117

-5.24%

-21.11%

+11.90%

$ 106.40M

$ 775.94K

SoSoValue

SOSO

$ 0.2945

-0.03%

+0.03%

-3.35%

$ 100.75M

$ 286.70K

Instadapp

FLUID

$ 1.1614

0.00%

-2.95%

-8.59%

$ 97.14M

$ 1.73K

dYdX

DYDX

$ 0.11117

-0.18%

-2.54%

-8.20%

$ 94.10M

$ 864.23K

ZRX

$ 0.10913

-0.45%

-0.93%

+1.45%

$ 93.41M

$ 566.43K

Origin Ether

OETH

$ 2,473.49

-0.02%

-0.01%

-0.50%

$ 89.46M

$ 79.77K

Reserve Rights

RSR

$ 0.001422

-0.14%

-3.07%

-2.40%

$ 88.89M

$ 41.24M

DeepBook

DEEP

$ 0.01498

+0.24%

-1.62%

-6.85%

$ 86.36M

$ 3.84M

Orca

ORCA

$ 1.3656

+1.55%

+2.31%

-4.61%

$ 83.38M

$ 65.32K

Huma Finance

HUMA

$ 0.02322

+0.44%

-1.12%

-0.99%

$ 81.27M

$ 2.67M

YearnFinance

YFI

$ 2,138.5

+0.04%

-2.01%

-5.48%

$ 77.18M

$ 25.73

GMX

$ 7.352

+0.04%

-6.86%

-11.94%

$ 76.93M

$ 7.72K

CoW Protocol

COW

$ 0.1336

+0.07%

-2.84%

-2.20%

$ 76.51M

$ 398.36K

Lista USD

LISUSD

$ 0.998658

0.00%

+0.10%

$ 75.10M

$ 20.37K

BULLA

$ 0.073662

-0.24%

-9.73%

-5.61%

$ 74.88M

$ 3.39M

VELO

$ 0.00422

-0.12%

-1.00%

-16.95%

$ 74.51M

$ 6.02M

SNX

$ 0.2069

-0.19%

-2.91%

-5.79%

$ 71.18M

$ 306.92K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 68.50M

Numeraire

NMR

$ 8.952

+0.33%

-3.56%

-5.62%

$ 66.98M

$ 6.36K

Treehouse ETH

TETH

$ 3,088.31

+0.03%

-0.01%

-0.77%

$ 63.16M

$ 8.83K

SUSHI

$ 0.213

+0.05%

-3.04%

-8.44%

$ 61.27M

$ 320.32K

Turbo

TURBO

$ 0.0008888

-0.01%

-3.31%

-12.39%

$ 61.14M

$ 117.65M

BERA

$ 0.1814

+0.77%

-2.82%

-2.40%

$ 61.07M

$ 380.30K

NOXO

$ 0.341354

0.00%

-0.00%

-3.47%

$ 56.89M

$ 328.68

Spark

SPK

$ 0.01842

-0.11%

-1.50%

-8.37%

$ 56.74M

$ 2.74M

Kinetiq

KNTQ

$ 0.200023

+0.05%

-0.02%

-10.07%

$ 56.10M

$ 816.78K

cETH

CETH

$ 49.73

-0.06%

-0.01%

-0.56%

$ 54.41M

Threshold

$ 0.00473

+0.34%

-19.28%

+9.28%

$ 53.20M

$ 37.30M

Brazilian Digital

BRZ

$ 0.19326

0.00%

-0.00%

-0.64%

$ 52.73M

$ 15.29K

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

Venus

XVS

$ 3.034

+0.13%

-2.11%

-7.12%

$ 49.63M

$ 19.16K

100

Savings xDAI

SDAI

$ 1.25

0.00%

-0.00%

-0.79%

$ 49.46M

$ 148.49K

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)

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Frequently Asked Questions

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