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
$ 89.85
-0.21%
+0.68%
-6.47%
$ 1.39B
$ 2.69K
2
MORPHO
MORPHO
MORPHO
$ 2.0133
+0.01%
+2.84%
+0.66%
$ 1.02B
$ 42.55K
3
Olympus
Olympus
OHM
$ 18.78
-0.11%
+0.01%
+5.74%
$ 280.50M
$ 42.55K
4
Maple Finance
Maple Finance
SYRUP
$ 0.1788
+0.09%
-2.37%
-4.97%
$ 212.24M
$ 633.67K
5
Compound
Compound
COMP
$ 17.35
-0.12%
+2.00%
+2.18%
$ 173.60M
$ 12.04K
6
Kamino
Kamino
KMNO
$ 0.01838
-0.16%
+2.17%
-0.65%
$ 88.99M
$ 3.04M
7
Quantix Finance
Quantix Finance
QFI
$ 62.326
+0.54%
-2.58%
-2.08%
$ 62.31M
$ 6.39K
8
Spark
Spark
SPK
$ 0.01704
0.00%
+2.16%
+0.71%
$ 47.65M
$ 3.19M
9
Venus
Venus
XVS
$ 2.8469
+0.05%
+1.47%
+6.27%
$ 46.45M
$ 30.82K
10
deBridge
deBridge
DBR
$ 0.01701
+0.12%
0.00%
+4.29%
$ 32.74M
$ 3.32M
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003268
-0.09%
+0.52%
+1.56%
$ 32.60M
$ 2.55T
12
Zest Protocol
Zest Protocol
ZEST
$ 0.21964
+0.26%
+1.22%
-2.75%
$ 31.96M
$ 396.32K
13
Euler Finance
Euler Finance
EUL
$ 0.9512
0.00%
-1.93%
-4.72%
$ 22.75M
$ 62.46K
14
CoinDepo
CoinDepo
COINDEPO
$ 0.08438
-0.01%
+0.05%
-1.32%
$ 21.11M
$ 3.80M
15
Yei Finance
Yei Finance
CLO
$ 0.15093
-0.83%
-14.82%
-38.60%
$ 19.53M
$ 914.23K
16
Lista DAO
Lista DAO
LISTA
$ 0.04631
+0.09%
-0.28%
-2.28%
$ 18.89M
$ 1.27M
17
Moonwell
Moonwell
WELL
$ 0.00349883
-0.35%
+0.01%
-6.18%
$ 15.85M
$ 69.92K
18
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8062
+0.31%
-6.61%
-24.35%
$ 14.45M
$ 425.18K
19
Abelian
Abelian
ABEL
$ 0.08497
-0.04%
+2.20%
+0.99%
$ 10.05M
$ 123.56K
20
Dolomite
Dolomite
DOLO
$ 0.02202
-0.99%
+2.94%
0.00%
$ 9.75M
$ 3.74M
21
Wise
Wise
WISE
$ 0.097462
+0.08%
-0.07%
-5.56%
$ 8.44M
$ 25.52K
22
BENQI
BENQI
QI
$ 0.00112548
+0.32%
+0.01%
-2.33%
$ 8.10M
$ 552.49K
23
Xauras
Xauras
XRS
$ 0.02978528
0.00%
0.00%
0.00%
$ 6.66M
$ 16.36K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007408
+0.07%
+4.35%
+6.84%
$ 6.09M
$ 7.58M
25
HyperLend
HyperLend
HPL
$ 0.01361431
+0.09%
+0.01%
-5.15%
$ 5.29M
$ 9.31K
26
Gearbox
Gearbox
GEAR
$ 0.00044287
-0.04%
-0.00%
-14.57%
$ 4.43M
$ 1.63K
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.192181
+0.18%
+0.01%
+2.07%
$ 3.90M
$ 750.61
28
Suilend
Suilend
SEND
$ 0.05162
+0.80%
-0.88%
+2.99%
$ 3.65M
$ 1.05M
29
Avalon
Avalon
AVL
$ 0.02146
0.00%
-2.28%
+0.28%
$ 3.47M
$ 2.64M
30
Goldfinch
Goldfinch
GFI
$ 0.03934
-2.65%
-4.94%
-17.50%
$ 3.44M
$ 1.39M
31
Seamless Protocol
Seamless Protocol
SEAM
$ 0.04630144
-0.09%
+0.09%
+86.33%
$ 1.88M
$ 1.30K
32
Scallop
Scallop
SCA
$ 0.009
0.00%
+2.27%
+4.65%
$ 1.44M
$ 53.77K
33
Blend
Blend
BLND
$ 0.03889457
-1.03%
+0.59%
-7.34%
$ 1.37M
$ 7.61K
34
Hatom
Hatom
HTM
$ 0.01561122
+0.01%
+0.00%
-0.09%
$ 1.23M
$ 739.98
35
MEZO
MEZO
MEZO
$ 0.01077
+0.56%
+2.47%
-4.26%
$ 928.68K
$ 5.55M
36
Reservoir
Reservoir
DAM
$ 0.00356421
-5.45%
-0.06%
-5.84%
$ 896.56K
$ 1.01K
37
Radiant Capital
Radiant Capital
RDNT
$ 0.00055285
+0.47%
-0.07%
-12.94%
$ 794.41K
$ 174.01K
38
TrueFi
TrueFi
TRU
$ 0.00054959
-0.89%
-0.03%
-21.66%
$ 690.83K
$ 55.74K
39
Nostra
Nostra
NSTR
$ 0.00559104
-0.05%
-0.00%
+0.96%
$ 559.12K
$ 578.91
40
Celsius Network
Celsius Network
CEL
$ 0.0113493
+0.99%
+0.00%
-0.06%
$ 405.39K
$ 3.10K
41
Silo Finance
Silo Finance
SILO
$ 0.00061787
0.00%
--
-6.45%
$ 378.27K
$ 9.18
42
DefiTuna
DefiTuna
TUNA
$ 0.00121944
+0.70%
-0.15%
-31.42%
$ 343.27K
$ 1.89K
43
Notional Finance
Notional Finance
NOTE
$ 0.00653017
-0.11%
+0.01%
+2.55%
$ 307.16K
$ 110.81
44
dForce
dForce
DF
$ 0.00030222
0.00%
+0.00%
-5.01%
$ 302.20K
$ 3.28
45
LO0P
LO0P
LO0P
$ 0.239392
-0.03%
+0.18%
+15.56%
$ 239.41K
$ 58.18
46
Pixie Dust
Pixie Dust
DUST
$ 0.055618
-0.01%
+0.02%
-24.67%
$ 136.98K
$ 2.51K
47
Neptune
Neptune
NEPT
$ 0.03363004
0.00%
-0.01%
+1.98%
$ 130.16K
$ 19.46
48
Paystream
Paystream
PAYS
$ 0.03623206
0.00%
0.00%
-1.19%
$ 116.07K
$ 0.41
49
BendDAO
BendDAO
BEND
$ 2.618E-5
0.00%
0.00%
0.00%
$ 107.67K
--
50
Pike Finance
Pike Finance
P
$ 0.00038365
0.00%
-0.00%
-0.58%
$ 88.27K
$ 26.81

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.