Top Lending & Borrowing Protocol Tokens by Market Capitalisation

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralise them for cryptocurrency loans. These permissionless networks use smart contracts to automate interest rates based on real-time supply and demand dynamics. Native tokens are generally utilised for decentralised governance, revenue sharing, and incentivising protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 159.28
+0.63%
-6.98%
-8.62%
$ 2.45B
$ 2.23K
2
MORPHO
MORPHO
MORPHO
$ 2.3552
+0.67%
-6.90%
-9.16%
$ 1.24B
$ 54.68K
3
Olympus
Olympus
OHM
$ 20.07
-0.05%
+0.00%
-0.20%
$ 299.80M
$ 221.56K
4
Maple Finance
Maple Finance
SYRUP
$ 0.24788
+1.00%
-1.24%
+2.84%
$ 291.20M
$ 527.94K
5
Compound
Compound
COMP
$ 23.18
-0.47%
-8.11%
+0.22%
$ 231.10M
$ 3.19K
6
Kamino
Kamino
KMNO
$ 0.03549
+0.23%
-7.83%
-8.60%
$ 202.10M
$ 2.18M
7
Spark
Spark
SPK
$ 0.0206
+0.10%
-9.00%
-10.60%
$ 62.97M
$ 2.64M
8
Venus
Venus
XVS
$ 3.0778
+0.10%
-4.83%
-3.60%
$ 50.20M
$ 19.03K
9
deBridge
deBridge
DBR
$ 0.0193
+0.10%
-1.54%
+5.20%
$ 36.97M
$ 3.11M
10
Lista DAO
Lista DAO
LISTA
$ 0.07717
+0.29%
-5.38%
-2.94%
$ 36.11M
$ 750.73K
11
Euler Finance
Euler Finance
EUL
$ 1.3231
+0.76%
-9.66%
-7.52%
$ 32.57M
$ 46.22K
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003027
+0.37%
-2.61%
-4.59%
$ 30.13M
$ 2.96T
13
Teller
Teller
DEBIT
$ 1.74
+0.58%
-0.05%
-13.00%
$ 30.00M
$ 49.87M
14
CoinDepo
CoinDepo
COINDEPO
$ 0.11165
-0.02%
-0.21%
-0.34%
$ 27.95M
$ 3.25M
15
Zest Protocol
Zest Protocol
ZEST
$ 0.18378
-0.38%
-4.74%
-0.90%
$ 26.67M
$ 1.27M
16
BENQI
BENQI
BENQI
$ 0.002701
+0.49%
-3.53%
-4.49%
$ 19.28M
$ 23.99M
17
Quantix Finance
Quantix Finance
QFI
$ 18
0.00%
+1.55%
-3.46%
$ 18.00M
$ 40.00K
18
Yei Finance
Yei Finance
CLO
$ 0.05986
+0.53%
-8.47%
+2.78%
$ 15.14M
$ 2.85M
19
Wise
Wise
WISE
$ 0.135095
+0.29%
-0.02%
-4.60%
$ 11.99M
$ 2.18K
20
Dolomite
Dolomite
DOLO
$ 0.02587
+0.94%
-7.51%
-12.30%
$ 11.37M
$ 2.90M
21
EVAA Protocol
EVAA Protocol
EVAA
$ 0.601
+0.34%
-11.08%
-16.15%
$ 10.61M
$ 130.56K
22
Abelian
Abelian
ABEL
$ 0.08336
-0.76%
-6.40%
+31.84%
$ 10.34M
$ 207.25K
23
NAVI Protocol
NAVI Protocol
NAVX
$ 0.012259
+0.20%
-4.91%
-9.11%
$ 9.97M
$ 4.62M
24
Moonwell
Moonwell
WELL
$ 0.00213123
+1.08%
-0.06%
-9.56%
$ 9.65M
$ 482.68K
25
Avalon
Avalon
AVL
$ 0.01927412
-0.35%
-0.08%
-10.00%
$ 8.61M
$ 309.88K
26
Liqwid Finance
Liqwid Finance
LQ
$ 0.335465
+0.42%
-0.06%
-9.53%
$ 6.81M
$ 2.00K
27
Xauras
Xauras
XRS
$ 0.02977836
-0.01%
0.00%
-0.07%
$ 6.66M
$ 12.81K
28
Gearbox
Gearbox
GEAR
$ 0.0006032
+0.25%
-0.04%
-1.22%
$ 6.03M
$ 28.25K
29
Grove
Grove
GROVE
$ 0.0065127
+0.22%
-0.06%
-16.83%
$ 5.54M
$ 257.73K
30
Suilend
Suilend
SEND
$ 0.054611
+0.34%
-0.04%
-11.93%
$ 4.12M
$ 1.71K
31
HyperLend
HyperLend
HPL
$ 0.00957237
-0.64%
-0.10%
-15.35%
$ 3.79M
$ 63.59K
32
Goldfinch
Goldfinch
GFI
$ 0.03765008
-0.88%
-0.07%
-3.34%
$ 3.59M
$ 91.67K
33
Hatom
Hatom
HTM
$ 0.0344819
+0.37%
-0.00%
+2.77%
$ 3.35M
$ 8.55K
34
MEZO
MEZO
MEZO
$ 0.00345783
+1.64%
-0.02%
-11.07%
$ 1.73M
$ 48.11K
35
Reservoir
Reservoir
DAM
$ 0.00541296
-1.94%
-0.16%
+128.24%
$ 1.50M
$ 131.97K
36
Scallop
Scallop
SCA
$ 0.00716218
+1.25%
+0.02%
+7.44%
$ 1.25M
$ 68.97K
37
TrueFi
TrueFi
TRU
$ 0.00094398
-0.79%
-0.00%
-1.56%
$ 1.19M
$ 3.68K
38
Radiant Capital
Radiant Capital
RDNT
$ 0.0006027
-2.88%
+0.01%
+30.45%
$ 866.02K
$ 929.64K
39
NetNet
NetNet
NET
$ 167.59
-0.52%
+0.02%
-41.51%
$ 808.48K
$ 1.01M
40
DefiTuna
DefiTuna
TUNA
$ 0.00222146
0.00%
0.00%
-2.42%
$ 625.32K
$ 1.67
41
Nostra
Nostra
NSTR
$ 0.00506288
+0.22%
--
-5.45%
$ 506.29K
$ 88.77
42
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01174634
+0.03%
+0.00%
+1.08%
$ 477.91K
$ 22.60
43
Blend
Blend
BLND
$ 0.00606335
+0.05%
-0.01%
-28.18%
$ 407.10K
$ 2.03K
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
45
Notional Finance
Notional Finance
NOTE
$ 0.00413466
+0.22%
-0.02%
-8.64%
$ 256.28K
$ 34.33
46
Celsius Network
Celsius Network
CEL
$ 0.00601378
+0.28%
+0.00%
+2.06%
$ 214.81K
$ 338.87
47
BendDAO
BendDAO
BEND
$ 3.727E-5
0.00%
0.00%
-9.93%
$ 153.69K
--
48
LO0P
LO0P
LO0P
$ 0.140368
+0.20%
-0.02%
-9.40%
$ 140.37K
$ 257.05
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00072287
+0.03%
0.00%
-2.79%
$ 134.79K
$ 145.83
50
dForce
dForce
DF
$ 0.0001001
-0.44%
--
-1.20%
$ 100.10K
$ 2.96

Frequently Asked Questions

How do decentralised lending and borrowing protocols function without traditional banks?
Decentralised lending protocols function via smart contracts that pool liquidity from depositors and automatically match them with borrowers, eliminating the need for banking intermediaries and credit checks.
What is over-collateralisation in decentralised finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralisation requires borrowers to deposit assets worth more than the value of the cryptocurrency they wish to borrow. This guarantees that lenders will always be repaid even if the borrower defaults.
How are interest rates determined on cryptocurrency lending protocols?
Interest rates on cryptocurrency lending protocols are determined algorithmically in real-time based on the utilisation rate of the liquidity pool. High borrowing demand automatically triggers higher interest rates to attract more depositors.
What role do liquidation mechanisms play in securing DeFi borrowing platforms?
Liquidation mechanisms protect the protocol's solvency. If the value of a borrower's collateral drops below a specific threshold due to market volatility, smart contracts automatically sell the collateral to repay the debt and protect the lenders.

Disclaimer

The inclusion of digital assets in the Lending/Borrowing Protocols 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.