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
$ 86.42
-1.03%
+3.13%
-9.49%
$ 1.33B
$ 4.35K
2
MORPHO
MORPHO
MORPHO
$ 2.0712
-0.77%
-2.42%
+15.03%
$ 1.02B
$ 54.76K
3
Olympus
Olympus
OHM
$ 16.54
-0.06%
-0.26%
+4.42%
$ 247.28M
$ 203.67K
4
Maple Finance
Maple Finance
SYRUP
$ 0.15852
-0.02%
+5.18%
+16.83%
$ 186.33M
$ 578.00K
5
Compound
Compound
COMP
$ 16.14
+0.19%
+2.49%
0.00%
$ 160.30M
$ 9.74K
6
Kamino
Kamino
KMNO
$ 0.01981
-0.20%
-1.60%
-3.34%
$ 95.23M
$ 3.35M
7
Quantix Finance
Quantix Finance
QFI
$ 59.169
+0.03%
+0.14%
-0.82%
$ 59.19M
$ 5.96K
8
Spark
Spark
SPK
$ 0.01791
-0.06%
-0.28%
+3.46%
$ 50.17M
$ 2.90M
9
Venus
Venus
XVS
$ 2.5443
-0.05%
+2.87%
+1.15%
$ 41.55M
$ 21.87K
10
Zest Protocol
Zest Protocol
ZEST
$ 0.22908
-0.32%
+0.37%
-10.05%
$ 33.23M
$ 415.38K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.0000000315
+0.03%
+6.96%
+11.90%
$ 31.47M
$ 3.33T
12
deBridge
deBridge
DBR
$ 0.01543
+0.32%
+0.77%
+4.14%
$ 30.04M
$ 3.23M
13
Euler Finance
Euler Finance
EUL
$ 1.0193
-0.69%
-0.79%
+0.68%
$ 24.33M
$ 62.44K
14
CoinDepo
CoinDepo
COINDEPO
$ 0.08001
0.00%
+0.52%
+1.07%
$ 20.03M
$ 1.36M
15
Lista DAO
Lista DAO
LISTA
$ 0.04833
-0.25%
+2.46%
+0.35%
$ 19.75M
$ 1.28M
16
EVAA Protocol
EVAA Protocol
EVAA
$ 1.0566
+0.83%
+18.12%
+15.59%
$ 18.71M
$ 502.76K
17
Yei Finance
Yei Finance
CLO
$ 0.13293
+0.22%
-1.52%
-35.75%
$ 17.27M
$ 1.13M
18
Moonwell
Moonwell
WELL
$ 0.00363369
-0.07%
+7.82%
+7.09%
$ 16.45M
$ 95.41K
19
Dolomite
Dolomite
DOLO
$ 0.0234
+0.17%
+0.60%
-1.14%
$ 10.32M
$ 2.35M
20
Abelian
Abelian
ABEL
$ 0.08529
+0.12%
-3.09%
+2.85%
$ 10.04M
$ 206.51K
21
BENQI
BENQI
QI
$ 0.00120023
-0.29%
+4.07%
+1.95%
$ 8.64M
$ 707.60K
22
Xauras
Xauras
XRS
$ 0.02977118
0.00%
-0.00%
+0.02%
$ 6.65M
$ 16.53K
23
HyperLend
HyperLend
HPL
$ 0.0148519
+0.08%
-3.13%
+14.68%
$ 5.76M
$ 9.39K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.006943
-0.50%
-0.19%
-2.63%
$ 5.66M
$ 7.81M
25
Goldfinch
Goldfinch
GFI
$ 0.05089
-0.78%
+1.23%
+3.14%
$ 4.46M
$ 1.12M
26
Gearbox
Gearbox
GEAR
$ 0.000442
-0.02%
+5.85%
+7.93%
$ 4.42M
$ 1.14K
27
Suilend
Suilend
SEND
$ 0.05316
+0.19%
+1.28%
+8.08%
$ 3.81M
$ 1.04M
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.174505
+0.93%
+1.70%
+4.26%
$ 3.54M
$ 1.37K
29
Avalon
Avalon
AVL
$ 0.02138
0.00%
+5.99%
-10.34%
$ 3.49M
$ 2.94M
30
Wise
Wise
WISE
$ 0.094695
-0.42%
+2.19%
+5.23%
$ 2.05M
$ 41.33K
31
Reservoir
Reservoir
DAM
$ 0.0063745
0.00%
-0.88%
-6.52%
$ 1.60M
$ 4.57K
32
Scallop
Scallop
SCA
$ 0.0095
0.00%
+2.08%
+1.03%
$ 1.57M
$ 122.50K
33
Blend
Blend
BLND
$ 0.04458222
-0.01%
+0.46%
+0.73%
$ 1.57M
$ 4.48K
34
Hatom
Hatom
HTM
$ 0.0142649
+0.35%
+3.73%
+10.35%
$ 1.12M
$ 7.48K
35
MEZO
MEZO
MEZO
$ 0.01248
+0.73%
-19.60%
-8.06%
$ 1.07M
$ 5.16M
36
TrueFi
TrueFi
TRU
$ 0.00081928
-1.79%
+0.06%
-1.12%
$ 1.03M
$ 30.71K
37
Radiant Capital
Radiant Capital
RDNT
$ 0.00050174
-0.01%
-5.64%
-41.13%
$ 720.97K
$ 179.46K
38
DefiTuna
DefiTuna
TUNA
$ 0.00201481
-0.04%
-12.13%
-1.81%
$ 567.17K
$ 4.99K
39
Nostra
Nostra
NSTR
$ 0.00540861
-0.35%
+3.59%
+4.13%
$ 540.86K
$ 1.01K
40
Celsius Network
Celsius Network
CEL
$ 0.01135198
-0.03%
-2.81%
+4.20%
$ 405.48K
$ 2.52K
41
Pixie Dust
Pixie Dust
DUST
$ 0.199074
-0.21%
-13.29%
-38.49%
$ 393.78K
$ 24.73K
42
dForce
dForce
DF
$ 0.00038012
-0.09%
+2.67%
+4.43%
$ 380.10K
$ 117.07
43
Notional Finance
Notional Finance
NOTE
$ 0.00628973
0.00%
-0.82%
+8.09%
$ 295.79K
$ 38.95
44
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00608654
+0.04%
-0.10%
-4.54%
$ 247.64K
$ 17.54
45
LO0P
LO0P
LO0P
$ 0.200486
-3.12%
+5.19%
+10.00%
$ 200.49K
$ 351.30
46
Neptune
Neptune
NEPT
$ 0.03612108
-0.29%
-0.39%
-5.29%
$ 138.86K
$ 67.78
47
Paystream
Paystream
PAYS
$ 0.04310485
-0.26%
-0.13%
-0.89%
$ 138.09K
$ 5.33K
48
BendDAO
BendDAO
BEND
$ 2.597E-5
-0.35%
-0.23%
+6.13%
$ 106.69K
--
49
Pike Finance
Pike Finance
P
$ 0.00039589
0.00%
-0.05%
-0.63%
$ 91.09K
$ 9.71
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00045113
-0.03%
+4.53%
-15.52%
$ 68.42K
$ 1.86K

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.