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
$ 87.96
+0.25%
-0.56%
-0.36%
$ 1.36B
$ 2.35K
2
MORPHO
MORPHO
MORPHO
$ 1.9995
+0.12%
+5.34%
+14.33%
$ 980.00M
$ 54.66K
3
Olympus
Olympus
OHM
$ 19.0
-0.11%
-0.00%
-0.73%
$ 284.32M
$ 74.03K
4
Maple Finance
Maple Finance
SYRUP
$ 0.20169
-0.53%
+0.28%
-6.38%
$ 241.67M
$ 443.55K
5
Compound
Compound
COMP
$ 22.59
+0.40%
+0.13%
+6.17%
$ 226.46M
$ 3.03K
6
Kamino
Kamino
KMNO
$ 0.02196
-0.18%
+3.08%
+8.38%
$ 101.18M
$ 3.54M
7
Spark
Spark
SPK
$ 0.02908
-0.10%
-1.87%
-6.65%
$ 79.50M
$ 2.89M
8
Mustang
Mustang
MUST
$ 0.503016
0.00%
0.00%
0.00%
$ 77.65M
$ 5.62
9
Quantix Finance
Quantix Finance
QFI
$ 60.565
+0.27%
-0.81%
+0.37%
$ 60.47M
$ 6.49K
10
Venus
Venus
XVS
$ 2.8102
+0.42%
+0.44%
+2.26%
$ 45.89M
$ 32.84K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.0000000376
-0.11%
-0.18%
-2.01%
$ 37.91M
$ 2.35T
12
Euler Finance
Euler Finance
EUL
$ 1.2875
+0.01%
+0.78%
+3.61%
$ 31.39M
$ 46.59K
13
Lista DAO
Lista DAO
LISTA
$ 0.07929
-0.06%
+1.47%
+1.38%
$ 29.94M
$ 811.90K
14
deBridge
deBridge
DBR
$ 0.01395
+0.22%
-0.21%
+1.23%
$ 26.89M
$ 3.97M
15
CoinDepo
CoinDepo
COINDEPO
$ 0.07542
+0.03%
+0.55%
+2.28%
$ 18.88M
$ 2.76M
16
Zest Protocol
Zest Protocol
ZEST
$ 0.12657
+2.59%
+12.58%
+42.49%
$ 18.87M
$ 7.13M
17
Moonwell
Moonwell
WELL
$ 0.00391137
+0.21%
-1.39%
-4.66%
$ 17.72M
$ 1.87M
18
Dolomite
Dolomite
DOLO
$ 0.03266
+0.40%
-0.93%
+7.07%
$ 14.57M
$ 1.71M
19
Goldfinch
Goldfinch
GFI
$ 0.1388
+0.94%
-3.86%
-5.55%
$ 12.20M
$ 410.27K
20
BENQI
BENQI
QI
$ 0.00163111
+0.09%
+3.13%
-1.51%
$ 11.74M
$ 603.85K
21
EVAA Protocol
EVAA Protocol
EVAA
$ 0.4984
+0.44%
+6.68%
+5.70%
$ 9.04M
$ 286.64K
22
NAVI Protocol
NAVI Protocol
NAVX
$ 0.010943
+0.21%
-2.35%
-3.80%
$ 8.97M
$ 5.27M
23
Abelian
Abelian
ABEL
$ 0.07335
0.00%
-0.86%
-5.24%
$ 8.57M
$ 173.53K
24
Yei Finance
Yei Finance
CLO
$ 0.066
-0.94%
+0.92%
-24.16%
$ 8.48M
$ 2.65M
25
Avalon
Avalon
AVL
$ 0.03991
-1.23%
+18.28%
+19.19%
$ 6.50M
$ 1.34M
26
HyperLend
HyperLend
HPL
$ 0.01434226
+0.84%
+7.79%
+9.27%
$ 5.46M
$ 35.81K
27
Suilend
Suilend
SEND
$ 0.07322
+0.03%
-1.18%
-12.20%
$ 5.06M
$ 664.96K
28
Gearbox
Gearbox
GEAR
$ 0.00044657
+0.45%
+1.95%
+54.79%
$ 4.47M
$ 8.79K
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.18991
-0.81%
+0.10%
-7.66%
$ 3.86M
$ 562.08
30
Scallop
Scallop
SCA
$ 0.0209
0.00%
-0.48%
+7.18%
$ 3.29M
$ 24.32K
31
Wise
Wise
WISE
$ 0.117342
+0.09%
-0.30%
-2.11%
$ 2.70M
$ 13.91K
32
Reservoir
Reservoir
DAM
$ 0.012465
-2.90%
+0.89%
-7.59%
$ 2.48M
$ 4.87M
33
Radiant
Radiant
RDNT
$ 0.001639
+0.55%
+1.67%
-4.32%
$ 2.32M
$ 34.17M
34
Blend
Blend
BLND
$ 0.04916469
+0.02%
-0.76%
0.00%
$ 1.73M
$ 335.89
35
TrueFi
TrueFi
TRU
$ 0.00114912
-0.37%
-1.45%
-11.17%
$ 1.44M
$ 151.23K
36
DefiTuna
DefiTuna
TUNA
$ 0.00376941
+0.03%
-16.24%
-24.67%
$ 1.06M
$ 3.24K
37
Pixie Dust
Pixie Dust
DUST
$ 0.466817
-0.16%
-1.88%
-8.01%
$ 682.58K
$ 26.97K
38
Nostra
Nostra
NSTR
$ 0.00664381
-0.05%
+0.03%
-3.64%
$ 664.38K
$ 576.84
39
Celsius Network
Celsius Network
CEL
$ 0.01740374
+0.08%
-0.39%
-2.57%
$ 621.65K
$ 774.98
40
Silo Finance
Silo Finance
SILO
$ 0.00077041
+0.01%
+2.65%
+10.05%
$ 471.65K
$ 124.44
41
Paystream
Paystream
PAYS
$ 0.04498637
0.00%
+0.01%
-0.62%
$ 398.91K
$ 1.00
42
dForce
dForce
DF
$ 0.0003769
+0.07%
+4.43%
+17.80%
$ 376.87K
$ 217.90
43
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00923663
+0.16%
-15.45%
-85.52%
$ 375.29K
$ 3.29K
44
Notional Finance
Notional Finance
NOTE
$ 0.00776376
0.00%
0.00%
-4.33%
$ 365.12K
$ 96.83
45
Hatom
Hatom
HTM
$ 0.01651
-0.18%
+1.29%
-2.25%
$ 274.68K
$ 3.41M
46
BendDAO
BendDAO
BEND
$ 3.956E-5
+0.89%
-0.48%
+28.32%
$ 162.32K
--
47
Neptune
Neptune
NEPT
$ 0.03595943
0.00%
+5.87%
+6.25%
$ 138.97K
$ 53.15
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00072094
-3.77%
-16.08%
+28.33%
$ 109.36K
$ 5.44K
49
Pike Finance
Pike Finance
P
$ 0.00045411
+0.01%
-0.12%
-0.76%
$ 104.48K
$ 25.66
50
Mendi Finance
Mendi Finance
MENDI
$ 0.00039307
+0.01%
-0.13%
-0.34%
$ 21.76K
$ 10.42

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.