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

Ethena Staked ENA

SENA

$ 0.222132

-0.46%

+0.01%

-8.24%

$ 212.81M

$ 148.10K

crvUSD

CRVUSD

$ 0.999393

+0.01%

0.00%

-0.05%

$ 212.37M

$ 11.84M

syrupUSDG

SYRUPUSDG

$ 1.014

0.00%

+0.10%

$ 209.38M

$ 45.00K

Convex Finance

CVX

$ 2.094

+0.19%

+2.96%

-7.07%

$ 208.30M

$ 34.17K

Lido Earn ETH

EARNETH

$ 2,540.72

+0.14%

-0.00%

-7.75%

$ 201.41M

Kamino

KMNO

$ 0.03481

+0.09%

-4.33%

-13.89%

$ 197.24M

$ 2.00M

Coinbase Wrapped XRP

CBXRP

$ 1.41

+0.71%

+0.00%

-6.00%

$ 196.15M

$ 1.55M

WeFi

WFI

$ 2.0383

-0.09%

+0.08%

$ 176.37M

$ 88.71K

Instadapp

FLUID

$ 2.066

-1.04%

-0.93%

+20.63%

$ 172.93M

$ 8.40K

Vision

VSN

$ 0.04328

+0.32%

+1.45%

-0.25%

$ 159.51M

$ 1.58M

DEXE

$ 1.856

+0.27%

+2.09%

-1.49%

$ 155.49M

$ 50.78K

Bybit Staked SOL

BBSOL

$ 128.79

+0.15%

-0.00%

-9.19%

$ 154.40M

$ 160.81K

Frax Ether

FRXETH

$ 2,491.65

+0.19%

+0.00%

-7.70%

$ 152.25M

$ 217.45K

BUILDon

$ 0.1531

+1.21%

+2.34%

-13.58%

$ 151.46M

$ 430.35K

Bedrock

$ 0.4739

-0.38%

-6.50%

-0.96%

$ 143.56M

$ 140.99K

Orca

ORCA

$ 2.4302

+1.33%

-2.35%

+28.46%

$ 143.49M

$ 57.35K

1INCH

$ 0.09816

-0.03%

+1.88%

-7.21%

$ 139.39M

$ 587.87K

AWE Network

AWE

$ 0.06548

-0.12%

+6.43%

-6.05%

$ 127.87M

$ 1.04M

DeepBook

DEEP

$ 0.021769

+0.69%

+3.93%

-8.21%

$ 126.86M

$ 3.36M

SoSoValue

SOSO

$ 0.3452

-0.80%

-3.38%

+15.40%

$ 119.15M

$ 338.76K

dYdX

DYDX

$ 0.14007

-0.79%

+2.20%

-4.59%

$ 118.77M

$ 933.55K

Horizen

ZEN

$ 6.446

-0.31%

+0.55%

-7.76%

$ 118.54M

$ 16.16K

Huma Finance

HUMA

$ 0.03351

-1.14%

+7.04%

-5.93%

$ 116.99M

$ 5.86M

Staked Frax Ether

SFRXETH

$ 2,921.5

+0.20%

0.00%

-7.21%

$ 109.15M

$ 3.38K

ZRX

$ 0.12814

-0.29%

+8.28%

-1.58%

$ 107.83M

$ 828.87K

Nexus Mutual

NXM

$ 64.3

+0.08%

-0.00%

-6.05%

$ 106.45M

Numeraire

NMR

$ 13.157

-0.03%

-6.15%

+10.82%

$ 99.54M

$ 11.82K

Reserve Rights

RSR

$ 0.001591

+0.44%

+1.34%

-8.68%

$ 99.40M

$ 36.86M

GMX

$ 8.499

+0.82%

+2.43%

+3.31%

$ 89.59M

$ 7.57K

VELO

$ 0.005037

+0.28%

-1.70%

-7.98%

$ 88.28M

$ 16.19M

Origin Ether

OETH

$ 2,491.33

+0.01%

-0.00%

-7.91%

$ 86.94M

$ 1.73M

BULLA

$ 0.089628

+0.37%

+1.70%

+9.98%

$ 86.84M

$ 1.41M

YearnFinance

YFI

$ 2,401.8

+0.35%

+3.56%

-10.78%

$ 86.10M

$ 25.45

CoW Protocol

COW

$ 0.1477

+0.41%

+1.94%

-7.20%

$ 84.65M

$ 390.04K

SNX

$ 0.2446

+0.25%

+4.96%

-5.18%

$ 83.86M

$ 259.33K

Kinetiq

KNTQ

$ 0.285032

+0.07%

-0.02%

-9.19%

$ 79.95M

$ 1.31M

Hastra AUTO

AUTO

$ 1.023

0.00%

+0.10%

$ 79.09M

$ 1.29M

BERA

$ 0.22

0.00%

+3.01%

-3.95%

$ 76.52M

$ 303.54K

Lista USD

LISUSD

$ 0.996448

0.00%

-0.15%

$ 75.61M

$ 165.22K

Turbo

TURBO

$ 0.0009888

-0.46%

+3.41%

-5.40%

$ 67.85M

$ 79.81M

SUSHI

$ 0.2379

+0.08%

+3.05%

-7.62%

$ 67.84M

$ 308.10K

Spark

SPK

$ 0.0217

-0.41%

-0.60%

-12.80%

$ 66.83M

$ 2.43M

Babylon

BABY

$ 0.013677

+0.02%

+2.43%

+0.54%

$ 66.63M

$ 4.40M

NOXO

$ 0.398698

-0.50%

-0.01%

+0.07%

$ 66.45M

$ 23.22K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 65.05M

Treehouse ETH

TETH

$ 3,123.72

-0.04%

-0.00%

-7.66%

$ 60.17M

$ 701.83

Threshold

$ 0.005286

-0.44%

+1.09%

-4.91%

$ 58.71M

$ 11.38M

Amp

AMP

$ 0.000642

+0.08%

-1.86%

+4.22%

$ 58.28M

$ 137.09M

Lido EarnUSD

EARNUSD

$ 1.035

0.00%

+0.10%

$ 57.75M

100

SPACE ID

$ 0.03781

-0.27%

+1.64%

+1.39%

$ 57.68M

$ 1.70M

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