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

syrupUSDG

SYRUPUSDG

$ 1.013

0.00%

-0.00%

+0.10%

$ 216.63M

$ 121.66K

Kamino

KMNO

$ 0.03749

+0.56%

-5.56%

+2.49%

$ 215.08M

$ 1.69M

THORChain

RUNE

$ 0.6392

-0.45%

-3.17%

-5.69%

$ 209.62M

$ 459.41K

Instadapp

FLUID

$ 2.4326

-0.51%

+5.23%

+24.97%

$ 203.60M

$ 8.03K

Lido Earn ETH

EARNETH

$ 2,454.89

-0.43%

-0.03%

-2.59%

$ 197.18M

Coinbase Wrapped XRP

CBXRP

$ 1.33

0.00%

-0.02%

-3.62%

$ 190.38M

$ 2.67M

Ethena Staked ENA

SENA

$ 0.199253

-0.10%

-0.06%

-5.43%

$ 189.84M

$ 184.19K

Convex Finance

CVX

$ 1.884

-0.64%

-4.54%

-7.70%

$ 186.48M

$ 33.74K

WeFi

WFI

$ 2.0436

-0.18%

-0.15%

0.00%

$ 176.84M

$ 119.89K

Vision

VSN

$ 0.04235

-0.26%

-1.99%

-1.26%

$ 155.29M

$ 1.41M

DEXE

$ 1.81

0.00%

-2.69%

+0.56%

$ 151.22M

$ 45.48K

Bybit Staked SOL

BBSOL

$ 122.49

-0.32%

-0.02%

-5.02%

$ 147.36M

$ 477.78K

Frax Ether

FRXETH

$ 2,408.48

-0.49%

-0.03%

-2.41%

$ 147.24M

$ 319.46K

DeepBook

DEEP

$ 0.02428

+2.03%

+18.03%

+22.67%

$ 146.01M

$ 9.98M

BUILDon

$ 0.1397

-0.50%

-2.80%

-4.87%

$ 139.00M

$ 600.12K

1INCH

$ 0.09364

-0.43%

-3.36%

-1.90%

$ 132.74M

$ 610.13K

AWE Network

AWE

$ 0.06481

+0.16%

-0.54%

+4.55%

$ 124.90M

$ 898.85K

Reserve Rights

RSR

$ 0.00197

-1.60%

-6.55%

+27.69%

$ 123.17M

$ 61.22M

Bedrock

$ 0.4041

-0.07%

-4.05%

-25.44%

$ 122.36M

$ 161.72K

Orca

ORCA

$ 1.9522

-1.18%

-4.69%

-16.96%

$ 118.90M

$ 44.45K

Huma Finance

HUMA

$ 0.03272

-0.30%

-6.13%

+10.28%

$ 116.71M

$ 2.65M

Horizen

ZEN

$ 6.014

-0.47%

-3.89%

-4.84%

$ 110.09M

$ 20.89K

dYdX

DYDX

$ 0.12791

-0.53%

-6.71%

-3.26%

$ 107.50M

$ 889.54K

Staked Frax Ether

SFRXETH

$ 2,830.25

-0.14%

-0.03%

-2.22%

$ 105.98M

$ 11.61K

SoSoValue

SOSO

$ 0.3068

-0.10%

+0.07%

-16.74%

$ 104.24M

$ 305.98K

Nexus Mutual

NXM

$ 62.0

-0.59%

-0.03%

-2.38%

$ 102.11M

ZRX

$ 0.11447

-0.41%

-4.85%

-2.40%

$ 96.95M

$ 1.27M

Kinetiq

KNTQ

$ 0.306639

-0.05%

-0.02%

+6.97%

$ 96.36M

$ 2.29M

Numeraire

NMR

$ 12.177

-0.20%

-2.64%

-12.22%

$ 93.18M

$ 7.09K

GMX

$ 8.434

-0.61%

-1.65%

+4.04%

$ 88.75M

$ 6.71K

Hastra AUTO

AUTO

$ 1.024

0.00%

+0.10%

$ 86.23M

$ 249.84K

Origin Ether

OETH

$ 2,408.03

-0.52%

-0.03%

-2.63%

$ 84.06M

$ 540.90K

BERA

$ 0.2396

-1.32%

+4.28%

+13.28%

$ 83.60M

$ 505.55K

YearnFinance

YFI

$ 2,261.6

-0.66%

-2.36%

-2.11%

$ 81.38M

$ 26.07

SNX

$ 0.2288

-0.17%

-4.75%

-1.80%

$ 78.72M

$ 260.00K

CoW Protocol

COW

$ 0.1349

-1.10%

-5.68%

$ 77.43M

$ 398.24K

VELO

$ 0.0044

-0.02%

-2.33%

-12.33%

$ 77.28M

$ 6.21M

Lista USD

LISUSD

$ 0.996303

0.00%

-0.10%

$ 75.60M

$ 36.93K

BULLA

$ 0.070433

+0.01%

-7.85%

-7.80%

$ 70.88M

$ 2.65M

NOXO

$ 0.413083

-0.51%

+0.00%

+4.29%

$ 68.85M

$ 15.24K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 66.20M

SUSHI

$ 0.2296

-0.35%

-4.96%

+0.97%

$ 65.37M

$ 290.88K

Spark

SPK

$ 0.0204

-0.05%

-2.11%

-5.86%

$ 62.91M

$ 2.67M

Turbo

TURBO

$ 0.0009139

-0.19%

-3.52%

-3.38%

$ 62.85M

$ 85.74M

Treehouse ETH

TETH

$ 3,044.43

0.00%

-0.03%

-1.72%

$ 60.18M

$ 74.09

ORE

$ 118.56

-0.50%

-0.02%

+5.10%

$ 60.17M

$ 1.31M

Amp

AMP

$ 0.0006692

-0.30%

-10.45%

-4.08%

$ 60.00M

$ 91.93M

Lido EarnUSD

EARNUSD

$ 1.036

0.00%

+0.10%

$ 57.67M

Babylon

BABY

$ 0.011947

-0.55%

-1.79%

-9.25%

$ 57.53M

$ 5.00M

100

Threshold

$ 0.005036

-0.35%

-4.97%

-2.72%

$ 56.57M

$ 11.41M

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)

Other Crypto

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Frequently Asked Questions

Disclaimer