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

$ 0.04062

+0.45%

-0.37%

-13.00%

$ 230.17M

$ 1.78M

Convex Finance

CVX

$ 2.293

-0.04%

+2.26%

+5.11%

$ 229.63M

$ 35.93K

crvUSD

CRVUSD

$ 0.999915

+0.01%

0.00%

+0.01%

$ 227.46M

$ 1.15M

Lido Earn ETH

EARNETH

$ 2,736.93

-0.01%

+0.01%

+0.97%

$ 221.67M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.023

0.00%

+0.10%

$ 208.82M

Coinbase Wrapped XRP

CBXRP

$ 1.49

0.00%

+0.00%

-1.32%

$ 201.63M

$ 857.97K

syrupUSDG

SYRUPUSDG

$ 1.014

+0.10%

+0.00%

+0.20%

$ 190.72M

$ 136.80K

BUILDon

$ 0.17862

+0.15%

+1.96%

-6.29%

$ 179.46M

$ 398.81K

Frax Ether

FRXETH

$ 2,681.09

-0.01%

+0.00%

+1.02%

$ 164.22M

$ 466.99K

Bybit Staked SOL

BBSOL

$ 140.02

-0.09%

+0.01%

-1.43%

$ 163.42M

$ 46.24K

Vision

VSN

$ 0.04372

+0.05%

-1.84%

-1.00%

$ 160.35M

$ 1.65M

DEXE

$ 1.884

+0.16%

-1.36%

-1.57%

$ 157.75M

$ 73.06K

Bedrock

$ 0.5144

+6.15%

-18.49%

-42.70%

$ 157.68M

$ 215.96K

1INCH

$ 0.10526

+0.13%

+2.97%

+2.81%

$ 148.45M

$ 616.64K

Instadapp

FLUID

$ 1.739

0.00%

+6.55%

+13.88%

$ 142.47M

$ 786.74

DeepBook

DEEP

$ 0.023679

-0.58%

+2.03%

-0.60%

$ 139.62M

$ 4.70M

AWE Network

AWE

$ 0.06863

+0.12%

-1.56%

+1.03%

$ 133.77M

$ 800.15K

Horizen

ZEN

$ 6.962

+0.10%

+1.56%

-9.93%

$ 127.92M

$ 16.68K

dYdX

DYDX

$ 0.14805

+0.16%

-2.18%

+4.58%

$ 125.44M

$ 979.01K

Huma Finance

HUMA

$ 0.03342

+0.81%

-1.12%

+15.44%

$ 118.73M

$ 2.21M

Staked Frax Ether

SFRXETH

$ 3,131.93

+0.05%

+0.01%

+0.55%

$ 117.24M

$ 265.17

Nexus Mutual

NXM

$ 68.01

+0.09%

+0.00%

+1.28%

$ 113.14M

Orca

ORCA

$ 1.7948

-0.12%

+1.78%

+2.71%

$ 109.27M

$ 53.62K

Reserve Rights

RSR

$ 0.001687

-0.35%

+0.71%

-3.54%

$ 105.78M

$ 32.14M

ZRX

$ 0.12401

-0.01%

+1.86%

-0.80%

$ 105.39M

$ 455.88K

SoSoValue

SOSO

$ 0.3041

+0.16%

-1.30%

-6.81%

$ 103.90M

$ 294.97K

VELO

$ 0.005498

+0.64%

-0.52%

+11.09%

$ 96.94M

$ 5.56M

YearnFinance

YFI

$ 2,639.4

+1.13%

+4.14%

+7.47%

$ 95.19M

$ 23.75

Origin Ether

OETH

$ 2,688.76

+0.08%

+0.01%

+0.87%

$ 93.81M

$ 68.02K

CoW Protocol

COW

$ 0.1611

+0.06%

+1.44%

+3.18%

$ 93.21M

$ 307.47K

SNX

$ 0.2541

0.00%

+1.76%

-2.26%

$ 87.89M

$ 243.81K

Numeraire

NMR

$ 11.426

-0.26%

-4.07%

+9.83%

$ 86.84M

$ 7.77K

GMX

$ 8.185

-0.24%

+2.84%

-1.48%

$ 85.71M

$ 7.17K

Kinetiq

KNTQ

$ 0.304567

+0.31%

+0.02%

-9.14%

$ 85.42M

$ 3.90M

BULLA

$ 0.080868

+0.03%

-3.92%

-11.60%

$ 80.97M

$ 894.55K

Spark

SPK

$ 0.0251

+0.24%

-2.26%

+5.19%

$ 77.44M

$ 2.57M

BERA

$ 0.2272

-0.22%

-1.43%

-3.15%

$ 76.45M

$ 291.98K

Lista USD

LISUSD

$ 0.997819

+0.01%

0.00%

+0.19%

$ 75.72M

$ 1.37K

SUSHI

$ 0.2558

+0.12%

+0.91%

-4.51%

$ 73.54M

$ 236.52K

Turbo

TURBO

$ 0.0010401

0.00%

-0.14%

-3.35%

$ 71.95M

$ 71.10M

Treehouse ETH

TETH

$ 3,372.9

+0.20%

+0.01%

+1.00%

$ 67.19M

$ 238.56

NOXO

$ 0.400436

-0.50%

+0.01%

+8.06%

$ 66.74M

$ 35.35K

Babylon

BABY

$ 0.01341

-0.36%

-1.89%

-3.58%

$ 65.52M

$ 4.47M

Hastra AUTO

AUTO

$ 1.022

0.00%

+0.20%

$ 64.46M

$ 642.83K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 63.97M

Threshold

$ 0.005463

-0.71%

-0.16%

-4.84%

$ 60.94M

$ 11.17M

cETH

CETH

$ 54.03

0.00%

+0.01%

+1.14%

$ 58.43M

Tellor Tributes

TRB

$ 20.55

+0.10%

+0.03%

+6.04%

$ 58.12M

$ 10.79M

Venus

XVS

$ 3.4778

+0.07%

+1.44%

+0.80%

$ 56.99M

$ 17.22K

100

Amp

AMP

$ 0.0006337

-0.17%

+0.48%

-4.99%

$ 56.80M

$ 93.52M

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

New Crypto

Frequently Asked Questions

Disclaimer