Top Lending & Borrowing Protocol Tokens by Market Capitalization

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralize 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 utilized for decentralized governance, revenue sharing, and incentivizing protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 99.12
+0.80%
+3.74%
+5.01%
$ 1.53B
$ 3.51K
2
MORPHO
MORPHO
MORPHO
$ 1.9649
+0.92%
-3.30%
-6.24%
$ 951.63M
$ 39.64K
3
Olympus
Olympus
OHM
$ 19.4
+0.05%
+2.63%
+1.46%
$ 290.62M
$ 280.22K
4
Maple Finance
Maple Finance
SYRUP
$ 0.2385
+0.96%
+1.60%
-4.97%
$ 281.89M
$ 288.11K
5
Compound
Compound
COMP
$ 22.92
+0.62%
-0.39%
+2.24%
$ 227.66M
$ 4.40K
6
Kamino
Kamino
KMNO
$ 0.02357
+0.74%
-1.57%
-1.73%
$ 106.86M
$ 2.71M
7
Spark
Spark
SPK
$ 0.03452
+0.51%
-0.41%
-10.59%
$ 90.53M
$ 2.08M
8
Mustang
Mustang
MUST
$ 0.503016
0.00%
+0.01%
+0.69%
$ 77.65M
$ 5.62
9
Quantix Finance
Quantix Finance
QFI
$ 61.199
+0.67%
+0.79%
+0.78%
$ 61.17M
$ 5.89K
10
Venus
Venus
XVS
$ 2.8586
-0.25%
+4.09%
+3.35%
$ 46.36M
$ 53.00K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000004107
+0.93%
+1.18%
+2.81%
$ 40.19M
$ 2.02T
12
Euler Finance
Euler Finance
EUL
$ 1.4233
-0.44%
-10.45%
-2.13%
$ 34.04M
$ 58.25K
13
Lista DAO
Lista DAO
LISTA
$ 0.09064
+0.63%
-0.06%
-0.65%
$ 32.27M
$ 986.17K
14
deBridge
deBridge
DBR
$ 0.01435
+0.63%
+1.28%
+4.92%
$ 27.50M
$ 3.78M
15
Moonwell
Moonwell
WELL
$ 0.00452553
-0.22%
+0.14%
+2.52%
$ 20.54M
$ 2.20M
16
CoinDepo
CoinDepo
COINDEPO
$ 0.07336
0.00%
+0.44%
-0.04%
$ 18.37M
$ 3.11M
17
Dolomite
Dolomite
DOLO
$ 0.03552
+0.89%
+2.03%
+0.31%
$ 15.55M
$ 1.75M
18
Yei Finance
Yei Finance
CLO
$ 0.11326
-0.09%
-0.79%
-20.57%
$ 14.45M
$ 900.36K
19
Goldfinch
Goldfinch
GFI
$ 0.1635
+0.12%
-8.78%
-10.92%
$ 14.26M
$ 369.38K
20
BENQI
BENQI
QI
$ 0.00181917
+0.83%
-2.21%
-4.02%
$ 13.11M
$ 778.12K
21
NAVI Protocol
NAVI Protocol
NAVX
$ 0.013486
+0.95%
-6.19%
+42.41%
$ 11.04M
$ 5.12M
22
EVAA Protocol
EVAA Protocol
EVAA
$ 0.5721
+0.21%
-1.43%
-15.60%
$ 10.08M
$ 269.19K
23
Abelian
Abelian
ABEL
$ 0.07838
+0.19%
+0.89%
+10.64%
$ 9.12M
$ 119.86K
24
Suilend
Suilend
SEND
$ 0.08416
+0.08%
-0.25%
+3.81%
$ 5.79M
$ 594.91K
25
Avalon
Avalon
AVL
$ 0.03303
-0.12%
+0.71%
+21.29%
$ 5.30M
$ 1.75M
26
HyperLend
HyperLend
HPL
$ 0.01315916
0.00%
+4.59%
-12.52%
$ 5.04M
$ 6.53K
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.217468
-0.04%
+5.29%
+8.99%
$ 4.41M
$ 2.71K
28
Scallop
Scallop
SCA
$ 0.0222
0.00%
-2.25%
+27.65%
$ 3.40M
$ 98.59K
29
Gearbox
Gearbox
GEAR
$ 0.00030485
+0.41%
+1.45%
+2.38%
$ 3.05M
$ 1.24K
30
Seamless Protocol
Seamless Protocol
SEAM
$ 0.071262
+1.73%
-2.52%
+8.70%
$ 2.90M
$ 227.69K
31
Wise
Wise
WISE
$ 0.125304
+0.04%
+0.92%
-1.29%
$ 2.89M
$ 4.13K
32
Reservoir
Reservoir
DAM
$ 0.013853
-0.23%
+1.32%
+27.20%
$ 2.74M
$ 5.35M
33
Radiant
Radiant
RDNT
$ 0.001811
+0.73%
-0.33%
+0.06%
$ 2.54M
$ 32.08M
34
Blend
Blend
BLND
$ 0.050849
-0.23%
+1.09%
+0.19%
$ 1.79M
$ 1.96K
35
DefiTuna
DefiTuna
TUNA
$ 0.00586457
+3.61%
-10.37%
-36.54%
$ 1.65M
$ 12.50K
36
TrueFi
TrueFi
TRU
$ 0.00130117
+0.03%
-1.45%
-4.66%
$ 1.64M
$ 154.89K
37
Nostra
Nostra
NSTR
$ 0.00695772
0.00%
-0.21%
-1.31%
$ 695.69K
$ 375.12
38
Celsius Network
Celsius Network
CEL
$ 0.01814752
-0.01%
+0.09%
-6.86%
$ 648.08K
$ 2.43K
39
Pixie Dust
Pixie Dust
DUST
$ 0.507483
+0.01%
-0.42%
-4.56%
$ 622.12K
$ 153.64K
40
Notional Finance
Notional Finance
NOTE
$ 0.00866424
0.00%
-0.51%
-3.49%
$ 407.46K
$ 70.92
41
Paystream
Paystream
PAYS
$ 0.04533465
0.00%
-0.23%
-0.59%
$ 402.04K
$ 128.41
42
Silo Finance
Silo Finance
SILO
$ 0.00063782
0.00%
+1.35%
-42.57%
$ 390.31K
$ 718.75
43
dForce
dForce
DF
$ 0.00033594
+0.12%
+2.69%
+1.85%
$ 335.74K
$ 1.95
44
Hatom
Hatom
HTM
$ 0.01814
+1.45%
+1.23%
+17.63%
$ 302.51K
$ 3.21M
45
Neptune
Neptune
NEPT
$ 0.03534651
+0.49%
-1.77%
-8.61%
$ 136.59K
$ 375.91
46
BendDAO
BendDAO
BEND
$ 3.166E-5
+1.41%
-10.90%
-12.42%
$ 129.68K
--
47
Pike Finance
Pike Finance
P
$ 0.0004591
0.00%
-0.01%
-0.64%
$ 105.64K
$ 2.40
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00055755
+0.20%
+0.32%
+3.78%
$ 84.40K
$ 358.14
49
Mendi Finance
Mendi Finance
MENDI
$ 0.00039955
0.00%
-0.02%
-5.30%
$ 22.12K
$ 17.50
50
Magnify Cash
Magnify Cash
MAG
$ 2.166E-5
0.00%
0.00%
-4.87%
$ 17.53K
--

Frequently Asked Questions

How do decentralized lending and borrowing protocols function without traditional banks?
Decentralized 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-collateralization in decentralized finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralization 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 utilization 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.