Top Lending & Borrowing Protocol Tokens by Market Capitalization

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralize 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 utilized for decentralized governance, revenue sharing, and incentivizing protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 93.39
-0.03%
-5.95%
-1.49%
$ 1.44B
$ 6.23K
2
MORPHO
MORPHO
MORPHO
$ 1.7957
-1.41%
-8.33%
-13.73%
$ 884.60M
$ 50.69K
3
Olympus
Olympus
OHM
$ 19.16
-0.31%
-0.89%
-0.26%
$ 287.11M
$ 95.88K
4
Maple Finance
Maple Finance
SYRUP
$ 0.22251
-0.02%
-6.72%
-12.40%
$ 265.11M
$ 333.32K
5
Compound
Compound
COMP
$ 22.08
-0.36%
-2.76%
-2.63%
$ 221.37M
$ 4.13K
6
Kamino
Kamino
KMNO
$ 0.02106
-0.24%
-9.69%
-14.84%
$ 96.99M
$ 4.30M
7
Spark
Spark
SPK
$ 0.03328
-0.36%
-4.15%
-12.26%
$ 89.43M
$ 2.12M
8
Mustang
Mustang
MUST
$ 0.503016
0.00%
0.00%
+0.69%
$ 77.65M
$ 5.62
9
Quantix Finance
Quantix Finance
QFI
$ 60.944
-0.07%
-0.51%
-0.32%
$ 60.85M
$ 6.37K
10
Venus
Venus
XVS
$ 2.7291
+0.35%
-4.36%
-1.64%
$ 44.60M
$ 72.82K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003953
-0.30%
-3.66%
-1.10%
$ 39.45M
$ 2.15T
12
Euler Finance
Euler Finance
EUL
$ 1.3117
-0.32%
-8.02%
-9.17%
$ 31.61M
$ 50.90K
13
Lista DAO
Lista DAO
LISTA
$ 0.08268
+0.17%
-8.38%
-7.57%
$ 30.28M
$ 718.80K
14
deBridge
deBridge
DBR
$ 0.01372
-0.15%
-4.18%
+0.51%
$ 26.45M
$ 3.88M
15
Moonwell
Moonwell
WELL
$ 0.00454802
-0.26%
-0.18%
-6.78%
$ 20.51M
$ 2.81M
16
CoinDepo
CoinDepo
COINDEPO
$ 0.07338
0.00%
0.00%
+0.01%
$ 18.36M
$ 2.22M
17
Yei Finance
Yei Finance
CLO
$ 0.10961
+0.05%
-3.25%
-14.88%
$ 14.19M
$ 908.33K
18
Dolomite
Dolomite
DOLO
$ 0.0318
+0.13%
-10.31%
-13.25%
$ 14.03M
$ 1.66M
19
Goldfinch
Goldfinch
GFI
$ 0.1597
+2.43%
-2.50%
-12.60%
$ 14.00M
$ 457.13K
20
BENQI
BENQI
QI
$ 0.00173294
-0.18%
-3.85%
-8.03%
$ 12.47M
$ 637.07K
21
NAVI Protocol
NAVI Protocol
NAVX
$ 0.01193
-1.11%
-12.97%
+12.00%
$ 9.50M
$ 5.15M
22
Abelian
Abelian
ABEL
$ 0.07841
-0.33%
-0.66%
+9.45%
$ 9.13M
$ 204.49K
23
EVAA Protocol
EVAA Protocol
EVAA
$ 0.4831
-2.13%
-16.17%
-30.81%
$ 8.61M
$ 379.29K
24
Suilend
Suilend
SEND
$ 0.08305
-0.95%
-1.34%
+1.53%
$ 5.72M
$ 606.01K
25
Avalon
Avalon
AVL
$ 0.03403
+0.06%
+3.27%
+23.72%
$ 5.52M
$ 1.65M
26
HyperLend
HyperLend
HPL
$ 0.01351425
+1.00%
+1.71%
-8.32%
$ 5.16M
$ 14.68K
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.204322
-0.32%
-5.69%
+5.94%
$ 4.16M
$ 717.03
28
Scallop
Scallop
SCA
$ 0.0201
0.00%
-9.46%
+13.56%
$ 3.15M
$ 49.45K
29
Gearbox
Gearbox
GEAR
$ 0.00028721
+0.04%
-5.71%
-5.53%
$ 2.87M
$ 11.86K
30
Reservoir
Reservoir
DAM
$ 0.013901
-0.25%
+2.67%
+24.73%
$ 2.83M
$ 6.05M
31
Wise
Wise
WISE
$ 0.122101
+0.11%
-2.51%
-4.06%
$ 2.82M
$ 9.15K
32
Seamless Protocol
Seamless Protocol
SEAM
$ 0.067913
-2.22%
-0.19%
+11.93%
$ 2.76M
$ 111.08K
33
Radiant
Radiant
RDNT
$ 0.001753
+0.17%
-2.77%
-4.00%
$ 2.47M
$ 32.73M
34
Blend
Blend
BLND
$ 0.04914205
-0.02%
-3.57%
-2.72%
$ 1.73M
$ 2.81K
35
TrueFi
TrueFi
TRU
$ 0.00129138
-0.28%
-0.68%
-7.99%
$ 1.63M
$ 59.11K
36
DefiTuna
DefiTuna
TUNA
$ 0.005188
-0.64%
-7.76%
-42.21%
$ 1.46M
$ 33.45K
37
Nostra
Nostra
NSTR
$ 0.00689852
+0.02%
-0.85%
-2.19%
$ 689.76K
$ 229.37
38
Celsius Network
Celsius Network
CEL
$ 0.01800168
+0.14%
-0.93%
-7.03%
$ 643.00K
$ 3.07K
39
Pixie Dust
Pixie Dust
DUST
$ 0.499186
+0.04%
-1.67%
-6.56%
$ 611.95K
$ 30.06K
40
Silo Finance
Silo Finance
SILO
$ 0.00070276
+0.72%
+9.39%
-34.39%
$ 430.05K
$ 311.31
41
Paystream
Paystream
PAYS
$ 0.045272
0.00%
-0.13%
-0.73%
$ 401.45K
$ 89.14
42
Notional Finance
Notional Finance
NOTE
$ 0.00845541
0.00%
-4.32%
-6.86%
$ 397.64K
$ 645.10
43
dForce
dForce
DF
$ 0.00033315
0.00%
-0.33%
+0.80%
$ 333.13K
$ 1.93
44
Hatom
Hatom
HTM
$ 0.01737
-0.11%
-3.85%
+4.74%
$ 291.01K
$ 2.95M
45
Neptune
Neptune
NEPT
$ 0.03403116
-0.02%
-3.38%
-10.49%
$ 131.76K
$ 166.96
46
BendDAO
BendDAO
BEND
$ 3.066E-5
-0.20%
-3.15%
-15.19%
$ 125.33K
--
47
Pike Finance
Pike Finance
P
$ 0.00045892
0.00%
-0.03%
-0.55%
$ 105.59K
$ 10.11
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00056686
-1.01%
+3.01%
+6.09%
$ 86.18K
$ 3.08K
49
Mendi Finance
Mendi Finance
MENDI
$ 0.00039602
0.00%
-0.88%
-5.74%
$ 21.93K
$ 88.79
50
Magnify Cash
Magnify Cash
MAG
$ 2.166E-5
0.00%
0.00%
-4.87%
$ 17.53K
--

Frequently Asked Questions

How do decentralized lending and borrowing protocols function without traditional banks?
Decentralized 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-collateralization in decentralized finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralization 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 utilization 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.