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
$ 134.58
-0.03%
+6.25%
+10.35%
$ 2.07B
$ 2.06K
2
MORPHO
MORPHO
MORPHO
$ 2.5032
-0.04%
-0.85%
+3.10%
$ 1.25B
$ 62.07K
3
Olympus
Olympus
OHM
$ 20.32
-0.15%
+0.01%
+13.52%
$ 303.56M
$ 209.56K
4
Maple Finance
Maple Finance
SYRUP
$ 0.21017
+0.88%
+2.93%
+19.24%
$ 250.31M
$ 667.48K
5
Compound
Compound
COMP
$ 19.98
-0.30%
+4.71%
+10.30%
$ 200.20M
$ 3.77K
6
Kamino
Kamino
KMNO
$ 0.02484
-0.24%
+3.97%
-3.97%
$ 120.44M
$ 2.61M
7
Spark
Spark
SPK
$ 0.02064
-0.24%
+3.30%
+12.10%
$ 63.71M
$ 4.16M
8
Venus
Venus
XVS
$ 3.203
+0.08%
+5.94%
+2.80%
$ 52.50M
$ 18.01K
9
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003338
0.00%
+4.05%
-1.73%
$ 33.38M
$ 3.25T
10
Teller
Teller
DEBIT
$ 1.89
-0.53%
-0.07%
+50.00%
$ 32.62M
$ 259.42M
11
Euler Finance
Euler Finance
EUL
$ 1.3497
+0.29%
+0.44%
-1.85%
$ 32.31M
$ 43.33K
12
Lista DAO
Lista DAO
LISTA
$ 0.07497
+1.74%
+9.67%
+12.69%
$ 30.54M
$ 1.06M
13
deBridge
deBridge
DBR
$ 0.01505
+0.07%
+2.73%
+3.93%
$ 29.00M
$ 3.46M
14
CoinDepo
CoinDepo
COINDEPO
$ 0.11015
-0.41%
-1.10%
+2.47%
$ 27.57M
$ 3.70M
15
Zest Protocol
Zest Protocol
ZEST
$ 0.15809
+1.92%
+21.63%
+15.20%
$ 23.51M
$ 1.13M
16
Quantix Finance
Quantix Finance
QFI
$ 19.007
-0.05%
+33.33%
-8.42%
$ 19.00M
$ 2.03K
17
Yei Finance
Yei Finance
CLO
$ 0.14122
+1.29%
-17.51%
+45.51%
$ 18.17M
$ 5.02M
18
EVAA Protocol
EVAA Protocol
EVAA
$ 0.6863
-0.39%
-3.59%
-7.90%
$ 12.26M
$ 212.83K
19
Wise
Wise
WISE
$ 0.136262
+0.17%
+0.04%
+3.05%
$ 11.90M
$ 1.32K
20
Dolomite
Dolomite
DOLO
$ 0.02667
+0.60%
+5.33%
+5.75%
$ 11.77M
$ 2.37M
21
Moonwell
Moonwell
WELL
$ 0.00222345
-1.70%
-0.03%
-21.29%
$ 10.07M
$ 181.33K
22
BENQI
BENQI
BENQI
$ 0.001283
-0.08%
+4.48%
-1.31%
$ 9.24M
$ 44.04M
23
HyperLend
HyperLend
HPL
$ 0.01562514
+2.46%
+0.20%
+13.32%
$ 8.72M
$ 437.18K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.010711
-0.96%
-2.55%
+14.54%
$ 8.72M
$ 5.12M
25
Avalon
Avalon
AVL
$ 0.02141128
-0.08%
+0.09%
-17.83%
$ 8.32M
$ 789.51K
26
Abelian
Abelian
ABEL
$ 0.06221
+0.16%
+8.58%
+7.07%
$ 7.33M
$ 361.17K
27
Xauras
Xauras
XRS
$ 0.0298041
-0.01%
0.00%
+0.01%
$ 6.66M
$ 14.26K
28
Grove
Grove
GROVE
$ 0.00789311
-0.13%
-0.00%
-1.60%
$ 5.61M
$ 577.84K
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.231351
-1.49%
+0.11%
+11.34%
$ 4.71M
$ 1.86K
30
Gearbox
Gearbox
GEAR
$ 0.00045267
+0.12%
+0.02%
+13.49%
$ 4.53M
$ 4.00K
31
Suilend
Suilend
SEND
$ 0.051616
+0.09%
+0.03%
+2.58%
$ 3.87M
$ 943.95
32
MEZO
MEZO
MEZO
$ 0.00705929
0.00%
-0.00%
+4.54%
$ 3.53M
$ 260.13K
33
Goldfinch
Goldfinch
GFI
$ 0.03088
+0.29%
+5.84%
0.00%
$ 2.72M
$ 1.79M
34
Hatom
Hatom
HTM
$ 0.02978378
-1.10%
+0.04%
+35.90%
$ 2.42M
$ 20.03K
35
DefiTuna
DefiTuna
TUNA
$ 0.00470132
+0.39%
+0.31%
+14.76%
$ 1.32M
$ 1.25K
36
TrueFi
TrueFi
TRU
$ 0.00087276
+0.02%
+0.03%
-13.06%
$ 1.10M
$ 6.76K
37
Seamless Protocol
Seamless Protocol
SEAM
$ 0.02537219
0.00%
-0.00%
+14.53%
$ 1.03M
$ 142.26
38
Radiant Capital
Radiant Capital
RDNT
$ 0.00054134
0.00%
+0.06%
-8.37%
$ 777.86K
$ 235.97K
39
Scallop
Scallop
SCA
$ 0.00425886
+11.23%
-0.03%
+7.71%
$ 697.22K
$ 98.03K
40
Nostra
Nostra
NSTR
$ 0.0062137
-0.05%
+0.02%
+0.63%
$ 621.80K
$ 1.02K
41
Reservoir
Reservoir
DAM
$ 0.00216086
0.00%
+0.02%
-1.07%
$ 578.13K
$ 22.44
42
Notional Finance
Notional Finance
NOTE
$ 0.00646418
0.00%
--
-0.61%
$ 400.68K
$ 13.14
43
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
44
Celsius Network
Celsius Network
CEL
$ 0.01003386
-4.25%
-0.11%
-13.90%
$ 358.40K
$ 4.07K
45
LO0P
LO0P
LO0P
$ 0.315603
-0.05%
--
-5.82%
$ 315.82K
$ 1.27K
46
Blend
Blend
BLND
$ 0.00364809
-0.16%
+0.07%
-25.17%
$ 245.01K
$ 1.52K
47
BendDAO
BendDAO
BEND
$ 5.199E-5
+0.23%
0.00%
+0.56%
$ 214.28K
--
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00074746
-0.04%
+0.04%
-0.61%
$ 113.36K
$ 559.23
49
Pixie Dust
Pixie Dust
DUST
$ 0.0392453
0.00%
+0.01%
-11.30%
$ 110.17K
$ 1.25K
50
dForce
dForce
DF
$ 9.926E-5
-2.50%
+1.80%
+1.34%
$ 99.25K
--

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.