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

Lido Staked ETH

STETH

$ 1,929.79

+0.25%

-3.27%

-12.24%

$ 19.07B

$ 28.46

Hyperliquid

HYPE

$ 72.6

+0.29%

+1.19%

-4.91%

$ 18.44B

$ 5.20K

Wrapped stETH

WSTETH

$ 2,436.91

+0.16%

-0.03%

-12.40%

$ 9.20B

$ 75.38M

Chainlink

LINK

$ 9.885

-0.07%

-0.78%

-6.71%

$ 6.59B

$ 26.31K

UNISWAP

UNI

$ 5.774

-0.24%

-3.30%

-17.20%

$ 3.65B

$ 38.28K

Bitway

BTW

$ 0.776638

-1.53%

-21.74%

-35.15%

$ 2.28B

$ 450.60K

Ethena

ENA

$ 0.13442

-0.24%

-3.44%

-12.28%

$ 1.85B

$ 228.22M

Aster

ASTER

$ 0.6502

-0.14%

-1.34%

-3.41%

$ 1.82B

$ 1.62M

AaveToken

AAVE

$ 111.89

+0.20%

-1.12%

-12.13%

$ 1.75B

$ 831.26

Ondo

ONDO

$ 0.34074

-0.02%

-2.77%

-4.14%

$ 1.68B

$ 794.76K

Sky Protocol

SKY

$ 0.05706

-0.16%

-1.15%

-9.77%

$ 1.35B

$ 994.78K

JUST

JST

$ 0.14475

+0.10%

-1.35%

+0.75%

$ 1.16B

$ 399.68K

MORPHO

$ 1.9643

+0.16%

-1.53%

-5.00%

$ 1.13B

$ 29.58K

Polygon Ecosystem

POL

$ 0.08514

+0.14%

-2.31%

-3.87%

$ 918.22M

$ 837.31K

syrupUSDC

SYRUPUSDC

$ 1.19

0.00%

$ 891.35M

$ 1.64M

Jupiter

JUP

$ 0.2621

+1.22%

-0.49%

+10.91%

$ 880.63M

$ 584.40K

Binance Staked SOL

BNSOL

$ 91.55

+0.52%

-0.01%

-9.70%

$ 870.53M

$ 1.99M

Injective

INJ

$ 8.074

-0.48%

+10.31%

+1.98%

$ 824.86M

$ 682.00K

Lighter

LIT

$ 3.1996

-0.05%

+1.61%

-0.25%

$ 808.45M

$ 1.89M

Jupiter Perpetuals Liquidity Provider Token

JLP

$ 3.93

+0.26%

-0.01%

-6.21%

$ 729.25M

$ 4.62M

Ether.Fi Foundation

ETHFI

$ 0.5797

+0.12%

-8.47%

-1.39%

$ 562.41M

$ 6.36M

PancakeSwap

CAKE

$ 1.722

0.00%

-2.46%

-8.18%

$ 552.93M

$ 415.57K

Pyth Network

PYTH

$ 0.06411

-0.12%

-4.30%

+1.64%

$ 508.41M

$ 11.15M

Aerodrome Finance

AERO

$ 0.4712

-0.42%

-9.15%

-21.76%

$ 480.87M

$ 4.78M

Staked USDai

SUSDAI

$ 1.12

0.00%

$ 438.74M

$ 636.26K

Raydium

RAY

$ 1.4961

+0.70%

-4.02%

-13.21%

$ 414.48M

$ 47.48K

PayFi Strategy Token USDC

PSTUSDC

$ 1.15

0.00%

+0.88%

$ 397.78M

$ 1.64K

Curve

CRV

$ 0.2297

+0.86%

-3.31%

-11.64%

$ 370.40M

$ 1.54M

SEI

$ 0.04308

+1.27%

+1.32%

-3.23%

$ 337.32M

$ 1.16M

Falcon Finance

$ 0.08939

-0.17%

+5.13%

+5.28%

$ 318.33M

$ 627.16K

StakeWise Staked ETH

OSETH

$ 2,106.3

+0.08%

-0.03%

-12.53%

$ 312.68M

$ 219.09K

syrupUSDG

SYRUPUSDG

$ 1.017

0.00%

-0.00%

-0.10%

$ 303.64M

$ 118.39

SUN

$ 0.015093

-0.38%

-0.40%

-1.48%

$ 289.95M

$ 3.53M

Derive

DRV

$ 0.2828

-0.70%

-0.73%

-2.94%

$ 286.17M

$ 197.39K

tBTC

TBTC

$ 68,921

-0.08%

-0.03%

-8.72%

$ 277.95M

$ 9.59M

Staked Aave

STKAAVE

$ 112.92

+0.38%

-0.00%

-12.55%

$ 277.26M

$ 24.54K

Pendle

PENDLE

$ 1.535

+0.45%

+2.44%

-4.61%

$ 269.79M

$ 506.96K

Gnosis

GNO

$ 101.53

-0.46%

-5.55%

-9.35%

$ 269.20M

$ 575.46

Lido DAO

LDO

$ 0.3017

+0.20%

-1.04%

-4.88%

$ 253.76M

$ 319.95K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.028

0.00%

+0.10%

$ 251.86M

Plasma

XPL

$ 0.04987

+0.66%

-0.04%

-11.46%

$ 239.15M

$ 4.38M

Olympus

OHM

$ 15.74

+0.19%

+0.01%

-8.49%

$ 235.03M

$ 216.83K

Terra Classic

LUNC

$ 0.000037

-0.29%

-1.03%

-6.47%

$ 206.79M

$ 2.00B

Compound

COMP

$ 19.45

-0.56%

-1.61%

-0.41%

$ 195.90M

$ 2.86K

Zebec Network

ZBCN

$ 0.0018739

+0.59%

+8.33%

+2.78%

$ 187.29M

$ 111.29M

Lido Earn ETH

EARNETH

$ 1,999.52

+0.46%

-0.03%

-12.23%

$ 182.27M

THORChain

RUNE

$ 0.5448

-1.27%

-5.50%

-4.98%

$ 181.65M

$ 473.79K

Marinade Staked SOL

MSOL

$ 113.78

+0.32%

-0.01%

-9.75%

$ 181.38M

$ 1.79M

Kamino

KMNO

$ 0.03045

-0.34%

-5.20%

-11.62%

$ 177.69M

$ 1.91M

JITO

JTO

$ 0.3072

+0.36%

-3.03%

-7.35%

$ 168.42M

$ 179.24K

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

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Frequently Asked Questions

Disclaimer