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

$ 0.0406

+0.02%

-1.26%

-13.55%

$ 231.08M

$ 1.88M

crvUSD

CRVUSD

$ 1.0

0.00%

+0.03%

$ 228.22M

$ 25.23M

Convex Finance

CVX

$ 2.288

+0.27%

-3.09%

+10.95%

$ 225.14M

$ 76.56K

Lido Earn ETH

EARNETH

$ 2,726.92

-0.09%

-0.01%

-0.65%

$ 220.90M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.023

0.00%

+0.10%

$ 208.82M

Coinbase Wrapped XRP

CBXRP

$ 1.49

0.00%

-0.00%

-1.97%

$ 201.95M

$ 3.95M

Bedrock

$ 0.6357

+0.48%

-7.41%

-32.99%

$ 194.39M

$ 130.34K

syrupUSDG

SYRUPUSDG

$ 1.012

0.00%

-0.00%

0.00%

$ 190.50M

$ 143.91K

BUILDon

$ 0.17406

-0.56%

+2.61%

-7.86%

$ 175.02M

$ 521.83K

Frax Ether

FRXETH

$ 2,683.78

-0.15%

-0.01%

-0.20%

$ 164.46M

$ 853.61K

Vision

VSN

$ 0.04455

+0.11%

+0.77%

+1.73%

$ 163.55M

$ 1.71M

Bybit Staked SOL

BBSOL

$ 139.45

-0.02%

-0.00%

-1.42%

$ 160.87M

$ 138.97K

DEXE

$ 1.902

-0.16%

-4.12%

-0.78%

$ 159.68M

$ 130.45K

1INCH

$ 0.10204

+0.20%

-1.29%

-0.03%

$ 144.44M

$ 761.96K

DeepBook

DEEP

$ 0.023372

-0.15%

-2.18%

+0.49%

$ 136.64M

$ 4.10M

AWE Network

AWE

$ 0.069

-1.77%

-7.22%

-4.64%

$ 133.48M

$ 784.22K

Instadapp

FLUID

$ 1.5849

-0.79%

+4.59%

+10.15%

$ 132.65M

$ 4.08K

dYdX

DYDX

$ 0.14943

-0.41%

+0.28%

+5.59%

$ 127.71M

$ 1.35M

Horizen

ZEN

$ 6.862

+0.29%

-3.28%

-12.87%

$ 126.32M

$ 41.64K

Huma Finance

HUMA

$ 0.0337

-0.41%

-0.30%

+16.55%

$ 119.58M

$ 2.78M

Staked Frax Ether

SFRXETH

$ 3,124.84

+0.10%

-0.01%

-0.32%

$ 116.97M

$ 10.48K

Nexus Mutual

NXM

$ 67.92

-0.03%

-0.00%

-0.32%

$ 113.01M

Orca

ORCA

$ 1.7805

+0.54%

+3.87%

+8.45%

$ 107.94M

$ 92.57K

SoSoValue

SOSO

$ 0.3081

+0.03%

+1.82%

+2.91%

$ 105.30M

$ 343.67K

Reserve Rights

RSR

$ 0.001677

+0.06%

-0.77%

-5.25%

$ 105.09M

$ 38.07M

ZRX

$ 0.12145

+0.11%

-0.48%

-3.69%

$ 103.57M

$ 916.47K

VELO

$ 0.005522

-0.70%

-6.36%

+17.01%

$ 96.76M

$ 16.55M

Origin Ether

OETH

$ 2,678.99

-0.04%

-0.01%

-0.60%

$ 93.46M

$ 1.18M

YearnFinance

YFI

$ 2,550.7

+0.99%

+3.29%

+3.00%

$ 92.30M

$ 27.22

CoW Protocol

COW

$ 0.1597

-0.06%

-3.62%

-4.26%

$ 91.83M

$ 337.53K

Numeraire

NMR

$ 11.685

-0.48%

+2.62%

+22.60%

$ 90.09M

$ 21.45K

SNX

$ 0.2501

+0.24%

+0.56%

-2.86%

$ 86.58M

$ 317.09K

GMX

$ 8.005

+0.19%

+0.57%

-2.00%

$ 83.51M

$ 7.87K

BULLA

$ 0.082732

-0.96%

+1.94%

-6.08%

$ 83.46M

$ 1.03M

Kinetiq

KNTQ

$ 0.295784

-0.54%

-0.11%

-8.07%

$ 82.96M

$ 4.63M

Spark

SPK

$ 0.02573

+0.16%

+8.25%

+5.36%

$ 79.35M

$ 2.74M

BERA

$ 0.2306

+0.22%

-3.70%

-1.41%

$ 77.73M

$ 481.74K

Lista USD

LISUSD

$ 0.997825

0.00%

+0.15%

$ 75.72M

$ 20.90K

SUSHI

$ 0.2537

+0.24%

-2.41%

-4.50%

$ 73.06M

$ 326.74K

Turbo

TURBO

$ 0.0010366

-0.07%

+0.68%

-0.58%

$ 72.01M

$ 166.83M

Magma Finance

MAGMA

$ 0.3569

+6.61%

+50.57%

+61.97%

$ 68.74M

$ 2.64M

Babylon

BABY

$ 0.013633

+0.22%

+0.62%

-2.51%

$ 66.93M

$ 4.47M

Treehouse ETH

TETH

$ 3,356.49

+0.01%

-0.01%

-0.62%

$ 66.87M

$ 113.01K

NOXO

$ 0.396704

-0.50%

+0.09%

+6.50%

$ 66.12M

$ 111.07K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 63.67M

Hastra AUTO

AUTO

$ 1.022

0.00%

+0.20%

$ 62.60M

$ 538.02K

Threshold

$ 0.005472

-0.09%

+0.81%

-6.32%

$ 60.98M

$ 11.60M

cETH

CETH

$ 53.83

-0.09%

-0.01%

-0.68%

$ 58.35M

SPACE ID

$ 0.03715

+0.38%

+0.63%

-6.18%

$ 57.29M

$ 1.55M

100

Amp

AMP

$ 0.0006267

-0.22%

+0.05%

-10.42%

$ 56.40M

$ 96.69M

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