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
$ 85.91
-0.26%
-1.11%
-7.18%
$ 1.32B
$ 703.78
2
MORPHO
MORPHO
MORPHO
$ 1.9648
-0.07%
+0.62%
+0.44%
$ 984.57M
$ 47.99K
3
Olympus
Olympus
OHM
$ 18.44
0.00%
-0.00%
-1.91%
$ 275.66M
$ 168.26K
4
Maple Finance
Maple Finance
SYRUP
$ 0.15897
+0.21%
+5.46%
+4.72%
$ 189.79M
$ 416.34K
5
Compound
Compound
COMP
$ 16.24
-0.25%
+0.75%
-2.87%
$ 162.20M
$ 3.41K
6
Kamino
Kamino
KMNO
$ 0.01798
+0.06%
-2.07%
+0.50%
$ 87.15M
$ 2.97M
7
Quantix Finance
Quantix Finance
QFI
$ 53.029
-1.20%
-0.53%
-4.71%
$ 53.03M
$ 1.88K
8
Venus
Venus
XVS
$ 2.6828
-0.43%
+0.10%
-4.02%
$ 43.80M
$ 20.55K
9
Spark
Spark
SPK
$ 0.01424
0.00%
+0.92%
-2.86%
$ 39.89M
$ 3.84M
10
deBridge
deBridge
DBR
$ 0.01517
-0.07%
0.00%
+2.36%
$ 29.16M
$ 3.55M
11
CoinDepo
CoinDepo
COINDEPO
$ 0.11205
-0.04%
-0.45%
-0.91%
$ 28.02M
$ 3.78M
12
Euler Finance
Euler Finance
EUL
$ 1.143
-0.47%
-4.21%
-6.46%
$ 27.10M
$ 59.09K
13
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002631
+0.23%
-0.68%
-3.23%
$ 26.29M
$ 2.91T
14
Lista DAO
Lista DAO
LISTA
$ 0.05651
-0.20%
-1.97%
-14.97%
$ 22.96M
$ 984.34K
15
Zest Protocol
Zest Protocol
ZEST
$ 0.14682
+1.06%
-1.52%
-3.26%
$ 21.63M
$ 562.22K
16
Yei Finance
Yei Finance
CLO
$ 0.11552
+0.18%
-0.18%
+17.04%
$ 14.96M
$ 589.80K
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.747
-0.40%
-4.01%
-12.00%
$ 13.35M
$ 181.69K
18
Moonwell
Moonwell
WELL
$ 0.00284474
-0.76%
+0.02%
-4.31%
$ 12.89M
$ 104.70K
19
Dolomite
Dolomite
DOLO
$ 0.02244
-6.28%
+2.38%
-10.48%
$ 9.89M
$ 5.76M
20
BENQI
BENQI
BENQI
$ 0.001308
+0.08%
-0.61%
-2.97%
$ 9.42M
$ 37.28M
21
Wise
Wise
WISE
$ 0.102757
-0.08%
0.00%
-1.82%
$ 8.92M
$ 9.82K
22
Abelian
Abelian
ABEL
$ 0.06292
+0.03%
-0.60%
-3.13%
$ 7.41M
$ 194.13K
23
Xauras
Xauras
XRS
$ 0.02978466
0.00%
0.00%
-0.01%
$ 6.66M
$ 15.39K
24
Avalon
Avalon
AVL
$ 0.01612649
-0.04%
0.00%
+0.42%
$ 6.26M
$ 185.55K
25
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007011
+0.10%
+0.06%
-10.29%
$ 5.73M
$ 7.62M
26
Grove
Grove
GROVE
$ 0.00800616
-0.03%
-0.02%
-6.23%
$ 5.13M
$ 357.96K
27
Suilend
Suilend
SEND
$ 0.04963881
-0.32%
+0.02%
-2.53%
$ 3.67M
$ 696.87
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.176008
-0.19%
0.00%
-2.28%
$ 3.57M
$ 1.55K
29
HyperLend
HyperLend
HPL
$ 0.00953757
+0.01%
+0.03%
-2.44%
$ 3.19M
$ 4.51K
30
Gearbox
Gearbox
GEAR
$ 0.00031337
-0.11%
-0.02%
-8.74%
$ 3.13M
$ 3.32K
31
Blend
Blend
BLND
$ 0.04102025
-0.06%
-0.04%
+4.32%
$ 2.75M
$ 11.20K
32
Goldfinch
Goldfinch
GFI
$ 0.03125
+1.54%
-2.02%
+2.68%
$ 2.72M
$ 1.82M
33
Hatom
Hatom
HTM
$ 0.01536802
-0.39%
-0.02%
+0.38%
$ 1.24M
$ 1.34K
34
TrueFi
TrueFi
TRU
$ 0.00098325
-0.01%
-0.06%
+0.71%
$ 1.24M
$ 18.92K
35
Reservoir
Reservoir
DAM
$ 0.00351974
+4.17%
+0.47%
+25.35%
$ 924.09K
$ 4.68K
36
Scallop
Scallop
SCA
$ 0.00453839
+7.23%
+0.01%
-2.18%
$ 736.99K
$ 214.05K
37
MEZO
MEZO
MEZO
$ 0.007313
-0.01%
-0.31%
-6.83%
$ 632.28K
$ 9.02M
38
Radiant Capital
Radiant Capital
RDNT
$ 0.00039803
+0.09%
+0.02%
-9.42%
$ 571.94K
$ 25.29K
39
Nostra
Nostra
NSTR
$ 0.00540126
+0.01%
0.00%
-1.81%
$ 540.13K
$ 3.00
40
Notional Finance
Notional Finance
NOTE
$ 0.00548999
0.00%
--
-0.59%
$ 536.08K
$ 2.30
41
DefiTuna
DefiTuna
TUNA
$ 0.00136567
-0.09%
-0.06%
-10.42%
$ 384.44K
$ 190.96
42
Celsius Network
Celsius Network
CEL
$ 0.01066539
-0.08%
-0.05%
-7.61%
$ 380.96K
$ 1.74K
43
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
44
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00858355
-0.23%
-0.45%
-45.53%
$ 349.23K
$ 8.77K
45
LO0P
LO0P
LO0P
$ 0.317188
-0.05%
-0.19%
-28.01%
$ 317.19K
$ 19.17K
46
Pixie Dust
Pixie Dust
DUST
$ 0.051235
0.00%
+0.10%
+52.20%
$ 131.76K
$ 11.10K
47
BendDAO
BendDAO
BEND
$ 2.841E-5
0.00%
+0.10%
-2.57%
$ 117.03K
--
48
Paystream
Paystream
PAYS
$ 0.03031842
0.00%
--
-0.13%
$ 97.13K
$ 14.99
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00062862
-0.13%
+0.02%
+1.25%
$ 95.39K
$ 747.67
50
dForce
dForce
DF
$ 9.409E-5
-0.04%
-3.40%
+6.23%
$ 94.08K
--

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.