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
$ 87.96
-0.18%
-3.08%
-9.86%
$ 1.36B
$ 3.62K
2
MORPHO
MORPHO
MORPHO
$ 1.657
-1.13%
-3.33%
-17.34%
$ 841.60M
$ 47.11K
3
Olympus
Olympus
OHM
$ 19.15
-0.10%
-0.33%
+1.22%
$ 286.88M
$ 112.39K
4
Maple Finance
Maple Finance
SYRUP
$ 0.20992
-0.52%
-2.24%
-15.29%
$ 250.39M
$ 320.10K
5
Compound
Compound
COMP
$ 21.12
-0.33%
-2.30%
-11.99%
$ 211.60M
$ 4.01K
6
Kamino
Kamino
KMNO
$ 0.01894
-0.31%
-4.37%
-25.53%
$ 88.03M
$ 2.94M
7
Spark
Spark
SPK
$ 0.02923
-0.95%
-4.29%
-16.31%
$ 79.22M
$ 1.82M
8
Mustang
Mustang
MUST
$ 0.503016
0.00%
0.00%
+0.69%
$ 77.65M
$ 5.62
9
Quantix Finance
Quantix Finance
QFI
$ 59.76
+0.21%
-0.62%
-0.55%
$ 59.76M
$ 5.73K
10
Venus
Venus
XVS
$ 2.6918
-0.63%
-3.75%
-2.07%
$ 43.81M
$ 43.24K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003767
-0.08%
-3.90%
-8.19%
$ 37.62M
$ 2.29T
12
Euler Finance
Euler Finance
EUL
$ 1.2435
+0.10%
-1.95%
-18.82%
$ 30.08M
$ 52.99K
13
Lista DAO
Lista DAO
LISTA
$ 0.07687
-0.79%
-4.73%
-19.31%
$ 28.05M
$ 749.73K
14
deBridge
deBridge
DBR
$ 0.01372
-0.07%
-2.89%
-2.68%
$ 26.54M
$ 4.01M
15
CoinDepo
CoinDepo
COINDEPO
$ 0.07408
+0.03%
+0.24%
+1.06%
$ 18.54M
$ 3.23M
16
Moonwell
Moonwell
WELL
$ 0.00387602
+0.25%
-5.67%
-16.03%
$ 17.55M
$ 2.42M
17
Dolomite
Dolomite
DOLO
$ 0.03076
-0.78%
-1.35%
-15.09%
$ 13.57M
$ 1.96M
18
Goldfinch
Goldfinch
GFI
$ 0.1475
0.00%
-4.28%
-19.13%
$ 12.89M
$ 365.40K
19
BENQI
BENQI
QI
$ 0.00161475
-0.37%
-3.19%
-15.75%
$ 11.63M
$ 486.70K
20
NAVI Protocol
NAVI Protocol
NAVX
$ 0.011347
+0.07%
-2.20%
-2.13%
$ 9.26M
$ 4.57M
21
Yei Finance
Yei Finance
CLO
$ 0.06976
-0.23%
-9.19%
-35.94%
$ 9.06M
$ 1.99M
22
Abelian
Abelian
ABEL
$ 0.07495
-1.13%
-3.87%
-6.19%
$ 8.68M
$ 135.51K
23
EVAA Protocol
EVAA Protocol
EVAA
$ 0.4372
+0.04%
-9.73%
-27.88%
$ 7.95M
$ 317.45K
24
Suilend
Suilend
SEND
$ 0.0773
-0.14%
-2.65%
-11.05%
$ 5.33M
$ 664.17K
25
Avalon
Avalon
AVL
$ 0.03076
+0.13%
-6.45%
-31.08%
$ 4.97M
$ 1.73M
26
HyperLend
HyperLend
HPL
$ 0.01240523
+0.25%
-0.96%
-14.18%
$ 4.73M
$ 11.94K
27
Gearbox
Gearbox
GEAR
$ 0.00038534
-0.05%
-17.25%
+27.35%
$ 3.85M
$ 50.64K
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.186695
-0.34%
-4.40%
-13.22%
$ 3.79M
$ 1.40K
29
Scallop
Scallop
SCA
$ 0.0191
0.00%
-7.28%
-21.72%
$ 3.00M
$ 45.23K
30
Wise
Wise
WISE
$ 0.115836
-0.02%
-3.43%
-7.53%
$ 2.67M
$ 179.97
31
Seamless Protocol
Seamless Protocol
SEAM
$ 0.062313
-0.45%
+2.24%
-8.27%
$ 2.53M
$ 138.46K
32
Radiant
Radiant
RDNT
$ 0.001665
-0.06%
-3.59%
-8.02%
$ 2.35M
$ 33.73M
33
Reservoir
Reservoir
DAM
$ 0.011766
-0.03%
-13.56%
+7.69%
$ 2.32M
$ 4.97M
34
Blend
Blend
BLND
$ 0.04905445
+0.88%
-0.92%
-2.96%
$ 1.73M
$ 3.78K
35
TrueFi
TrueFi
TRU
$ 0.00121888
-2.21%
+3.05%
-9.44%
$ 1.53M
$ 108.72K
36
DefiTuna
DefiTuna
TUNA
$ 0.00459666
-0.10%
-27.56%
-41.34%
$ 1.29M
$ 36.96K
37
Nostra
Nostra
NSTR
$ 0.00672882
+0.01%
-0.41%
-4.01%
$ 672.89K
$ 29.83
38
Celsius Network
Celsius Network
CEL
$ 0.01779792
+1.04%
-1.54%
-3.04%
$ 635.73K
$ 1.09K
39
Pixie Dust
Pixie Dust
DUST
$ 0.503026
-0.03%
-2.15%
-1.74%
$ 616.54K
$ 30.02K
40
Silo Finance
Silo Finance
SILO
$ 0.00068479
-0.11%
-2.86%
-3.01%
$ 418.52K
$ 85.91
41
Paystream
Paystream
PAYS
$ 0.04526598
0.00%
-0.00%
-0.38%
$ 401.39K
$ 0.52
42
Notional Finance
Notional Finance
NOTE
$ 0.00813156
0.00%
0.00%
-11.51%
$ 382.41K
$ 965.82
43
dForce
dForce
DF
$ 0.00032092
0.00%
-1.49%
-2.01%
$ 320.90K
$ 58.01
44
Hatom
Hatom
HTM
$ 0.01595
+0.19%
-2.75%
-10.81%
$ 265.51K
$ 3.42M
45
BendDAO
BendDAO
BEND
$ 4.048E-5
-0.20%
-1.76%
+12.91%
$ 165.94K
--
46
Neptune
Neptune
NEPT
$ 0.03383039
-0.44%
-1.63%
-15.83%
$ 130.77K
$ 113.68
47
Pike Finance
Pike Finance
P
$ 0.00045586
-0.01%
-0.08%
-0.76%
$ 104.90K
$ 3.72
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.0006345
-0.46%
+7.50%
+12.50%
$ 96.14K
$ 3.11K
49
Mendi Finance
Mendi Finance
MENDI
$ 0.00039503
0.00%
+0.00%
-5.71%
$ 21.87K
$ 2.98
50
Magnify Cash
Magnify Cash
MAG
$ 2.166E-5
0.00%
0.00%
0.00%
$ 17.53K
--

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.