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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
$ 95.94
-0.64%
-1.97%
+4.29%
$ 1.49B
$ 5.33K
2
MORPHO
MORPHO
MORPHO
$ 1.9537
-1.06%
-5.32%
-5.41%
$ 959.31M
$ 41.15K
3
Olympus
Olympus
OHM
$ 19.38
+0.21%
+1.48%
+1.36%
$ 290.54M
$ 278.02K
4
Maple Finance
Maple Finance
SYRUP
$ 0.23027
-0.78%
-6.38%
-5.49%
$ 275.05M
$ 269.74K
5
Compound
Compound
COMP
$ 22.39
-0.88%
-6.55%
-1.14%
$ 224.77M
$ 3.94K
6
Kamino
Kamino
KMNO
$ 0.02288
-0.90%
-6.66%
+1.99%
$ 106.30M
$ 2.96M
7
Spark
Spark
SPK
$ 0.03328
-0.36%
-4.28%
-17.96%
$ 88.97M
$ 2.14M
8
Mustang
Mustang
MUST
$ 0.503017
0.00%
-0.96%
+0.69%
$ 77.64M
$ 8.94
9
Quantix Finance
Quantix Finance
QFI
$ 60.602
-0.53%
+0.90%
+0.03%
$ 60.81M
$ 5.43K
10
Venus
Venus
XVS
$ 2.7158
-0.13%
-2.49%
+0.96%
$ 44.26M
$ 59.90K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003958
-0.48%
-3.59%
+1.51%
$ 39.66M
$ 2.23T
12
Euler Finance
Euler Finance
EUL
$ 1.397
-1.18%
-8.86%
+1.69%
$ 34.51M
$ 59.27K
13
Lista DAO
Lista DAO
LISTA
$ 0.08553
-1.19%
-9.55%
-1.86%
$ 31.55M
$ 935.28K
14
deBridge
deBridge
DBR
$ 0.01423
-0.42%
-1.88%
+2.17%
$ 27.20M
$ 3.89M
15
Moonwell
Moonwell
WELL
$ 0.00444638
-1.05%
-2.81%
+0.73%
$ 19.99M
$ 2.11M
16
CoinDepo
CoinDepo
COINDEPO
$ 0.07339
-0.01%
-1.16%
+0.07%
$ 18.37M
$ 2.13M
17
Dolomite
Dolomite
DOLO
$ 0.03426
-1.26%
-8.19%
+2.16%
$ 15.24M
$ 1.98M
18
Yei Finance
Yei Finance
CLO
$ 0.11196
-1.88%
+2.45%
-15.10%
$ 14.58M
$ 941.82K
19
Goldfinch
Goldfinch
GFI
$ 0.1591
-0.89%
-11.48%
-14.54%
$ 13.62M
$ 376.50K
20
BENQI
BENQI
QI
$ 0.00177441
-0.58%
-4.61%
-6.38%
$ 12.77M
$ 1.11M
21
NAVI Protocol
NAVI Protocol
NAVX
$ 0.013386
-2.07%
+5.76%
+49.77%
$ 10.98M
$ 7.87M
22
EVAA Protocol
EVAA Protocol
EVAA
$ 0.5662
-0.44%
-2.25%
-21.56%
$ 10.46M
$ 318.22K
23
Abelian
Abelian
ABEL
$ 0.07786
-0.18%
-1.89%
+11.01%
$ 9.06M
$ 132.84K
24
Suilend
Suilend
SEND
$ 0.08428
-0.04%
-0.17%
-0.72%
$ 5.80M
$ 593.08K
25
Avalon
Avalon
AVL
$ 0.0325
0.00%
-14.87%
+20.04%
$ 5.25M
$ 1.62M
26
HyperLend
HyperLend
HPL
$ 0.01247829
-0.13%
-10.39%
-17.05%
$ 4.76M
$ 8.96K
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.212931
-0.50%
+0.01%
+6.71%
$ 4.32M
$ 5.75K
28
Scallop
Scallop
SCA
$ 0.0227
+2.35%
-9.17%
+32.12%
$ 3.42M
$ 34.09K
29
Gearbox
Gearbox
GEAR
$ 0.00029597
-0.07%
-6.96%
-0.60%
$ 2.96M
$ 8.10K
30
Seamless Protocol
Seamless Protocol
SEAM
$ 0.070917
-1.48%
-3.32%
+8.17%
$ 2.89M
$ 486.12K
31
Wise
Wise
WISE
$ 0.122949
-0.24%
-1.89%
-3.15%
$ 2.84M
$ 10.33K
32
Reservoir
Reservoir
DAM
$ 0.014272
+5.16%
+8.84%
+33.23%
$ 2.81M
$ 6.44M
33
Radiant
Radiant
RDNT
$ 0.001796
-0.06%
-0.44%
+1.64%
$ 2.54M
$ 31.81M
34
DefiTuna
DefiTuna
TUNA
$ 0.00639505
+0.06%
+1.64%
-30.80%
$ 1.80M
$ 24.63K
35
Blend
Blend
BLND
$ 0.050565
+0.11%
-0.35%
-0.37%
$ 1.78M
$ 3.10K
36
TrueFi
TrueFi
TRU
$ 0.00130237
+0.01%
-2.48%
-4.57%
$ 1.64M
$ 115.55K
37
Nostra
Nostra
NSTR
$ 0.00692029
-0.20%
-1.09%
-1.84%
$ 692.58K
$ 180.80
38
Celsius Network
Celsius Network
CEL
$ 0.0181203
-0.03%
-1.45%
-7.00%
$ 647.73K
$ 2.70K
39
Pixie Dust
Pixie Dust
DUST
$ 0.502567
-0.96%
+1.82%
-5.48%
$ 618.38K
$ 156.93K
40
Silo Finance
Silo Finance
SILO
$ 0.00067761
-3.16%
+1.43%
-38.99%
$ 414.66K
$ 786.44
41
Notional Finance
Notional Finance
NOTE
$ 0.00865941
-0.26%
-0.28%
-3.54%
$ 408.10K
$ 70.88
42
Paystream
Paystream
PAYS
$ 0.04534184
0.00%
-0.21%
-0.58%
$ 402.03K
$ 126.67
43
dForce
dForce
DF
$ 0.00032575
-0.49%
-0.82%
-1.24%
$ 325.73K
$ 87.95
44
Hatom
Hatom
HTM
$ 0.01805
0.00%
-0.38%
+22.12%
$ 307.35K
$ 2.96M
45
Neptune
Neptune
NEPT
$ 0.03442934
-0.45%
-13.88%
-10.98%
$ 133.33K
$ 2.25K
46
BendDAO
BendDAO
BEND
$ 3.135E-5
0.00%
-13.30%
-13.28%
$ 128.43K
--
47
Pike Finance
Pike Finance
P
$ 0.00045919
-0.05%
+0.01%
-0.62%
$ 105.64K
$ 2.29
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.0005507
-0.15%
-1.74%
+2.51%
$ 83.51K
$ 131.55
49
Mendi Finance
Mendi Finance
MENDI
$ 0.0003991
0.00%
-2.46%
-5.41%
$ 22.10K
$ 18.96
50
Magnify Cash
Magnify Cash
MAG
$ 2.166E-5
0.00%
0.00%
-4.87%
$ 17.53K
--

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.