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

Kamino

KMNO

$ 0.04298

-0.72%

-2.07%

+17.45%

$ 242.80M

$ 1.88M

Bedrock

$ 0.7634

-0.01%

-10.64%

-29.35%

$ 231.83M

$ 112.88K

crvUSD

CRVUSD

$ 0.999535

-0.01%

0.00%

-0.03%

$ 223.10M

$ 9.74M

Lido Earn ETH

EARNETH

$ 2,740.69

-0.06%

-0.00%

+2.00%

$ 219.89M

Convex Finance

CVX

$ 2.204

-0.68%

-6.56%

+13.56%

$ 218.66M

$ 56.67K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.022

0.00%

$ 208.32M

Coinbase Wrapped XRP

CBXRP

$ 1.51

0.00%

+0.00%

+2.03%

$ 203.30M

$ 4.70M

syrupUSDG

SYRUPUSDG

$ 1.013

0.00%

+0.00%

+0.10%

$ 178.55M

$ 274.88K

BUILDon

$ 0.17479

-0.17%

-0.29%

-17.21%

$ 172.08M

$ 460.04K

Frax Ether

FRXETH

$ 2,684.2

-0.13%

-0.00%

+1.69%

$ 164.53M

$ 2.91M

Vision

VSN

$ 0.04297

-0.80%

-1.55%

-2.07%

$ 158.23M

$ 7.08M

DEXE

$ 1.841

-0.65%

0.00%

-3.87%

$ 153.74M

$ 40.20K

Bybit Staked SOL

BBSOL

$ 139.82

-0.14%

0.00%

+5.03%

$ 152.12M

$ 687.18K

1INCH

$ 0.10232

-0.64%

-3.02%

+5.06%

$ 144.10M

$ 687.18K

AWE Network

AWE

$ 0.07119

-0.32%

+1.71%

+14.49%

$ 139.64M

$ 817.47K

DeepBook

DEEP

$ 0.02302

-0.29%

+4.07%

+23.48%

$ 132.47M

$ 5.64M

Horizen

ZEN

$ 7.459

+0.39%

+1.89%

+1.07%

$ 132.07M

$ 30.05K

Instadapp

FLUID

$ 1.4844

0.00%

-1.68%

+10.99%

$ 124.73M

$ 14.11K

dYdX

DYDX

$ 0.14436

-0.30%

+3.34%

+10.30%

$ 120.91M

$ 717.23K

Staked Frax Ether

SFRXETH

$ 3,131.2

-0.03%

-0.01%

+1.41%

$ 117.51M

$ 1.51K

Nexus Mutual

NXM

$ 67.87

-0.26%

-0.00%

+1.37%

$ 113.06M

Reserve Rights

RSR

$ 0.001736

+0.41%

+1.24%

+3.43%

$ 107.65M

$ 34.85M

SoSoValue

SOSO

$ 0.3137

-0.69%

-1.07%

-3.82%

$ 107.53M

$ 323.78K

Huma Finance

HUMA

$ 0.03001

+0.37%

+3.36%

+26.44%

$ 106.79M

$ 2.03M

ZRX

$ 0.12276

-0.10%

-1.50%

+3.66%

$ 103.10M

$ 465.99K

Orca

ORCA

$ 1.5885

-0.75%

-5.28%

+3.58%

$ 96.23M

$ 81.72K

CoW Protocol

COW

$ 0.1677

-1.08%

+2.16%

+18.97%

$ 95.31M

$ 517.10K

Origin Ether

OETH

$ 2,688.07

-0.22%

-0.00%

+1.70%

$ 93.76M

$ 93.97K

VELO

$ 0.005165

+1.85%

+0.54%

+16.08%

$ 90.79M

$ 24.43M

Kinetiq

KNTQ

$ 0.3219

+0.73%

+0.06%

+3.99%

$ 90.45M

$ 2.88M

YearnFinance

YFI

$ 2,481.9

-0.22%

-0.34%

+6.78%

$ 88.91M

$ 27.74

SNX

$ 0.2568

-0.78%

-1.43%

+9.13%

$ 87.71M

$ 300.75K

Numeraire

NMR

$ 11.291

-0.77%

-8.78%

+23.09%

$ 86.85M

$ 37.23K

GMX

$ 7.986

-0.26%

+0.18%

+1.56%

$ 83.68M

$ 6.91K

BERA

$ 0.2417

-3.32%

+7.81%

+12.05%

$ 81.09M

$ 1.54M

BULLA

$ 0.079116

-0.51%

-1.29%

-11.74%

$ 79.58M

$ 1.53M

SUSHI

$ 0.2704

-0.99%

+0.71%

+10.54%

$ 77.33M

$ 278.20K

Lista USD

LISUSD

$ 0.998334

+0.07%

+0.00%

+0.16%

$ 75.75M

$ 142.58K

Spark

SPK

$ 0.02541

-0.29%

+2.21%

+21.56%

$ 75.46M

$ 3.45M

Turbo

TURBO

$ 0.0010359

-0.68%

+0.06%

+1.92%

$ 71.41M

$ 98.56M

ARK

$ 0.4065

+12.74%

+40.52%

+97.13%

$ 68.14M

$ 479.89K

Treehouse ETH

TETH

$ 3,370.97

-0.11%

-0.00%

+2.19%

$ 67.47M

$ 207.61K

Babylon

BABY

$ 0.01399

-0.70%

+0.09%

+11.28%

$ 64.39M

$ 5.98M

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 63.74M

Threshold

$ 0.005574

-0.97%

+0.57%

+2.11%

$ 61.51M

$ 10.73M

Venus

XVS

$ 3.7492

+1.34%

+7.64%

+12.03%

$ 59.25M

$ 18.03K

cETH

CETH

$ 54.03

-0.20%

-0.00%

+1.71%

$ 58.81M

NOXO

$ 0.351626

-0.61%

-0.00%

+0.78%

$ 58.60M

$ 24.23K

SPACE ID

$ 0.03779

0.00%

-1.59%

+4.71%

$ 58.52M

$ 1.46M

100

Amp

AMP

$ 0.0006421

+0.89%

+0.61%

+32.83%

$ 57.90M

$ 102.68M

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