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

THORChain

RUNE

$ 0.6607

+0.23%

-6.00%

-9.73%

$ 216.16M

$ 743.32K

syrupUSDG

SYRUPUSDG

$ 1.015

0.00%

+0.00%

+0.30%

$ 216.08M

$ 732.21

Lido Earn ETH

EARNETH

$ 2,523.95

+0.64%

-0.03%

-5.19%

$ 202.57M

Ethena Staked ENA

SENA

$ 0.21081

+0.48%

-0.14%

-8.56%

$ 201.50M

$ 287.90K

Kamino

KMNO

$ 0.03552

+0.26%

-7.00%

-8.79%

$ 201.41M

$ 2.15M

Convex Finance

CVX

$ 1.996

+1.07%

-6.68%

-8.15%

$ 197.64M

$ 34.40K

Coinbase Wrapped XRP

CBXRP

$ 1.36

+0.74%

-0.03%

-6.85%

$ 190.91M

$ 2.67M

Instadapp

FLUID

$ 2.2239

+0.93%

+2.90%

+17.63%

$ 186.13M

$ 6.36K

WeFi

WFI

$ 2.0439

+0.19%

-0.09%

-4.35%

$ 177.14M

$ 145.29K

Vision

VSN

$ 0.04278

+0.16%

-3.10%

-1.64%

$ 156.06M

$ 1.95M

DEXE

$ 1.871

+1.14%

-1.38%

+0.32%

$ 155.41M

$ 44.68K

Frax Ether

FRXETH

$ 2,473.01

+0.79%

-0.03%

-5.20%

$ 151.09M

$ 156.24K

Bybit Staked SOL

BBSOL

$ 124.01

+0.83%

-0.05%

-10.41%

$ 148.61M

$ 702.89K

BUILDon

$ 0.13999

+0.85%

-5.40%

-16.65%

$ 140.19M

$ 519.56K

Bedrock

$ 0.4487

+0.44%

-3.17%

-20.31%

$ 137.38M

$ 156.89K

1INCH

$ 0.09624

+0.50%

-3.62%

-4.31%

$ 135.82M

$ 702.01K

Orca

ORCA

$ 2.1204

+2.17%

-8.72%

-27.11%

$ 130.21M

$ 43.10K

AWE Network

AWE

$ 0.06659

-0.48%

-2.50%

+3.45%

$ 128.59M

$ 816.27K

Reserve Rights

RSR

$ 0.002034

+0.84%

+22.73%

+22.58%

$ 127.67M

$ 828.46M

DeepBook

DEEP

$ 0.021003

+1.69%

-6.17%

-7.65%

$ 121.53M

$ 3.64M

Huma Finance

HUMA

$ 0.03436

+0.15%

+10.39%

$ 120.89M

$ 3.67M

Horizen

ZEN

$ 6.214

+1.05%

-5.85%

-7.53%

$ 113.40M

$ 22.96K

dYdX

DYDX

$ 0.13227

+0.74%

-9.08%

-2.80%

$ 111.18M

$ 945.79K

Staked Frax Ether

SFRXETH

$ 2,889.91

+0.76%

-0.02%

-5.83%

$ 108.10M

$ 12.75K

SoSoValue

SOSO

$ 0.3056

-1.03%

-5.47%

-7.29%

$ 105.30M

$ 327.03K

Nexus Mutual

NXM

$ 63.11

+0.85%

-0.04%

-2.86%

$ 104.13M

ZRX

$ 0.11887

+1.39%

-6.73%

-2.03%

$ 100.91M

$ 880.91K

Numeraire

NMR

$ 12.407

-0.39%

-7.69%

-24.67%

$ 95.24M

$ 9.98K

Kinetiq

KNTQ

$ 0.328326

+0.25%

-0.10%

+4.31%

$ 92.09M

$ 2.65M

Origin Ether

OETH

$ 2,475.91

+0.78%

-0.03%

-5.28%

$ 86.42M

$ 1.49M

SNX

$ 0.2449

+1.36%

-2.84%

+0.53%

$ 84.82M

$ 349.97K

GMX

$ 8.179

+0.41%

-5.51%

-2.51%

$ 84.69M

$ 7.28K

Hastra AUTO

AUTO

$ 1.024

0.00%

+0.10%

$ 83.87M

$ 224.74K

VELO

$ 0.004734

+0.68%

-2.71%

-9.46%

$ 83.18M

$ 9.52M

YearnFinance

YFI

$ 2,298.5

+0.46%

-5.13%

-6.55%

$ 82.42M

$ 24.48

CoW Protocol

COW

$ 0.1415

+0.79%

-7.86%

-5.32%

$ 80.96M

$ 395.46K

BERA

$ 0.2239

+1.86%

-3.52%

-2.19%

$ 76.65M

$ 464.39K

BULLA

$ 0.075992

-0.28%

-0.35%

-8.82%

$ 76.03M

$ 1.31M

Lista USD

LISUSD

$ 0.996205

-0.02%

0.00%

-0.10%

$ 75.59M

$ 4.72K

NOXO

$ 0.402801

+0.03%

+0.02%

-0.22%

$ 67.13M

$ 23.58K

SUSHI

$ 0.2329

+1.00%

-4.46%

-3.50%

$ 66.34M

$ 477.93K

Turbo

TURBO

$ 0.0009451

+0.99%

-6.01%

-5.03%

$ 65.03M

$ 75.48M

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 65.03M

Spark

SPK

$ 0.02051

+0.64%

-8.30%

-11.48%

$ 63.04M

$ 2.61M

Treehouse ETH

TETH

$ 3,098.48

+0.44%

-0.03%

-5.34%

$ 61.23M

$ 4.26K

Threshold

$ 0.005317

-0.08%

-2.68%

+3.43%

$ 59.14M

$ 11.10M

Babylon

BABY

$ 0.012001

+0.49%

-9.24%

-9.99%

$ 58.66M

$ 9.32M

Lido EarnUSD

EARNUSD

$ 1.035

0.00%

$ 57.54M

Amp

AMP

$ 0.0006452

-1.04%

-0.37%

+7.99%

$ 57.50M

$ 129.16M

100

SPACE ID

$ 0.03674

+0.77%

-3.53%

-1.94%

$ 57.02M

$ 1.67M

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

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