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
$ 98.04
+0.47%
+5.69%
+28.99%
$ 1.50B
$ 16.40K
2
MORPHO
MORPHO
MORPHO
$ 1.7912
-0.01%
+6.98%
-3.91%
$ 901.65M
$ 65.68K
3
Olympus
Olympus
OHM
$ 15.88
+0.06%
+0.90%
+0.44%
$ 237.32M
$ 71.72K
4
Maple Finance
Maple Finance
SYRUP
$ 0.15672
+2.02%
+31.24%
+14.22%
$ 187.43M
$ 1.24M
5
Compound
Compound
COMP
$ 16.16
+0.44%
+3.06%
-11.69%
$ 161.38M
$ 4.69K
6
Kamino
Kamino
KMNO
$ 0.02017
+0.25%
+2.97%
-1.52%
$ 97.46M
$ 2.87M
7
Quantix Finance
Quantix Finance
QFI
$ 60.254
+0.57%
+0.87%
+9.62%
$ 60.36M
$ 2.98K
8
Spark
Spark
SPK
$ 0.01728
+1.40%
-3.87%
-2.31%
$ 48.63M
$ 2.90M
9
Venus
Venus
XVS
$ 2.4703
+0.26%
-2.52%
-8.33%
$ 40.40M
$ 23.34K
10
Zest Protocol
Zest Protocol
ZEST
$ 0.24335
-0.28%
-4.87%
-3.31%
$ 35.38M
$ 515.14K
11
deBridge
deBridge
DBR
$ 0.01537
-0.52%
+2.13%
+6.46%
$ 29.49M
$ 3.68M
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002839
+0.39%
-0.56%
-11.96%
$ 28.31M
$ 3.26T
13
Euler Finance
Euler Finance
EUL
$ 0.9969
-0.01%
-4.88%
-5.80%
$ 23.45M
$ 72.51K
14
CoinDepo
CoinDepo
COINDEPO
$ 0.0793
0.00%
+0.29%
+1.24%
$ 19.85M
$ 3.77M
15
Lista DAO
Lista DAO
LISTA
$ 0.04779
+0.06%
-4.94%
-13.11%
$ 19.51M
$ 1.30M
16
Yei Finance
Yei Finance
CLO
$ 0.15088
-0.02%
-27.26%
-18.84%
$ 19.47M
$ 4.35M
17
Moonwell
Moonwell
WELL
$ 0.00339306
+0.04%
+0.07%
-9.49%
$ 15.39M
$ 89.29K
18
EVAA Protocol
EVAA Protocol
EVAA
$ 0.7911
-6.70%
-11.61%
+8.50%
$ 14.13M
$ 781.36K
19
Dolomite
Dolomite
DOLO
$ 0.02333
+0.13%
-2.02%
-5.63%
$ 10.30M
$ 2.55M
20
Abelian
Abelian
ABEL
$ 0.08459
-0.02%
+2.74%
-5.83%
$ 9.99M
$ 144.52K
21
BENQI
BENQI
QI
$ 0.00117202
-0.48%
+4.12%
-9.37%
$ 8.44M
$ 2.21M
22
Xauras
Xauras
XRS
$ 0.02975718
-0.01%
-0.00%
-0.02%
$ 6.65M
$ 17.87K
23
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007055
-0.06%
-1.63%
+3.72%
$ 5.76M
$ 7.45M
24
HyperLend
HyperLend
HPL
$ 0.01302073
+0.42%
+0.04%
+2.92%
$ 5.06M
$ 3.40K
25
Goldfinch
Goldfinch
GFI
$ 0.05083
+1.76%
+4.41%
-23.40%
$ 4.42M
$ 1.17M
26
Gearbox
Gearbox
GEAR
$ 0.00043751
+0.27%
+10.35%
+1.66%
$ 4.38M
$ 8.17K
27
Avalon
Avalon
AVL
$ 0.02384
-0.08%
+0.08%
-14.50%
$ 3.85M
$ 2.30M
28
Suilend
Suilend
SEND
$ 0.04999
-0.02%
+0.04%
-0.93%
$ 3.53M
$ 1.09M
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.167055
+0.41%
+3.14%
+6.27%
$ 3.39M
$ 4.27K
30
Wise
Wise
WISE
$ 0.082601
+0.13%
+1.31%
-16.56%
$ 1.80M
$ 23.29K
31
Scallop
Scallop
SCA
$ 0.0098
+1.03%
+1.03%
-12.50%
$ 1.57M
$ 59.82K
32
Blend
Blend
BLND
$ 0.04450831
+0.06%
-0.38%
-0.73%
$ 1.57M
$ 776.59
33
Reservoir
Reservoir
DAM
$ 0.007279
+0.90%
-14.06%
-20.77%
$ 1.46M
$ 8.00M
34
MEZO
MEZO
MEZO
$ 0.01358
+0.22%
-0.29%
-10.29%
$ 1.17M
$ 4.02M
35
Radiant Capital
Radiant Capital
RDNT
$ 0.00078314
+0.89%
-6.19%
+22.41%
$ 1.13M
$ 422.20K
36
Hatom
Hatom
HTM
$ 0.01375961
+0.70%
+7.20%
+1.54%
$ 1.08M
$ 4.53K
37
TrueFi
TrueFi
TRU
$ 0.00082547
-1.97%
+1.38%
-2.87%
$ 1.04M
$ 59.16K
38
Pixie Dust
Pixie Dust
DUST
$ 0.289217
-0.20%
-9.92%
-21.78%
$ 571.82K
$ 67.78K
39
DefiTuna
DefiTuna
TUNA
$ 0.00194995
-1.98%
+2.90%
-5.95%
$ 548.91K
$ 8.11K
40
Nostra
Nostra
NSTR
$ 0.00519464
0.00%
+0.68%
-3.61%
$ 519.46K
$ 44.72
41
Celsius Network
Celsius Network
CEL
$ 0.01284398
+18.72%
-0.24%
+9.72%
$ 458.78K
$ 1.67K
42
dForce
dForce
DF
$ 0.00036503
0.00%
+1.54%
-0.97%
$ 365.00K
$ 3.36
43
Notional Finance
Notional Finance
NOTE
$ 0.00586508
0.00%
+3.12%
-10.33%
$ 275.82K
$ 437.63
44
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00601252
+0.04%
-5.59%
-21.96%
$ 244.59K
$ 481.73
45
LO0P
LO0P
LO0P
$ 0.184207
+0.24%
+1.92%
-14.31%
$ 184.21K
$ 2.83K
46
Paystream
Paystream
PAYS
$ 0.04349262
+0.01%
-0.00%
-2.68%
$ 163.72K
$ 2.82K
47
Neptune
Neptune
NEPT
$ 0.03853809
+0.18%
+1.44%
+2.97%
$ 148.00K
$ 119.53
48
BendDAO
BendDAO
BEND
$ 2.447E-5
0.00%
+1.01%
-20.01%
$ 100.51K
--
49
Pike Finance
Pike Finance
P
$ 0.00039809
0.00%
-0.00%
+0.27%
$ 91.59K
$ 6.58
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00053238
-0.05%
-4.61%
-7.60%
$ 80.75K
$ 459.12

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.