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
$ 88.08
-0.20%
-2.13%
-2.71%
$ 1.36B
$ 1.66K
2
MORPHO
MORPHO
MORPHO
$ 1.9695
-0.20%
+0.43%
+4.31%
$ 993.71M
$ 28.97K
3
Olympus
Olympus
OHM
$ 18.69
-0.05%
-0.00%
+0.70%
$ 279.42M
$ 53.99K
4
Maple Finance
Maple Finance
SYRUP
$ 0.14825
-0.12%
-0.87%
-3.26%
$ 176.95M
$ 394.56K
5
Compound
Compound
COMP
$ 16.17
+0.25%
-1.17%
-1.29%
$ 161.00M
$ 3.40K
6
Kamino
Kamino
KMNO
$ 0.01827
-0.33%
-1.51%
-14.83%
$ 88.12M
$ 3.02M
7
Quantix Finance
Quantix Finance
QFI
$ 53.37
+0.13%
-0.42%
-6.33%
$ 53.31M
$ 2.59K
8
Venus
Venus
XVS
$ 2.6811
-0.06%
-1.92%
-1.15%
$ 43.81M
$ 19.95K
9
Spark
Spark
SPK
$ 0.01407
+0.21%
-1.27%
-9.19%
$ 39.28M
$ 6.03M
10
deBridge
deBridge
DBR
$ 0.01503
-0.20%
+0.40%
+4.77%
$ 28.77M
$ 3.52M
11
Euler Finance
Euler Finance
EUL
$ 1.2006
+0.79%
+5.63%
-4.97%
$ 28.43M
$ 77.00K
12
CoinDepo
CoinDepo
COINDEPO
$ 0.11255
-0.14%
-0.13%
-3.51%
$ 28.18M
$ 3.40M
13
Lista DAO
Lista DAO
LISTA
$ 0.06552
+1.75%
-0.59%
+20.17%
$ 26.90M
$ 937.42K
14
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002633
+0.04%
-1.31%
-3.47%
$ 26.38M
$ 3.29T
15
Zest Protocol
Zest Protocol
ZEST
$ 0.15019
+0.32%
-0.52%
-27.61%
$ 22.25M
$ 686.54K
16
Yei Finance
Yei Finance
CLO
$ 0.11771
+0.78%
+3.30%
-4.65%
$ 15.13M
$ 708.62K
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8279
+2.23%
+0.09%
-6.75%
$ 14.49M
$ 120.05K
18
Moonwell
Moonwell
WELL
$ 0.0028576
+0.10%
+0.01%
-2.93%
$ 12.94M
$ 177.43K
19
Dolomite
Dolomite
DOLO
$ 0.02246
+0.04%
-3.53%
-0.62%
$ 9.91M
$ 2.85M
20
BENQI
BENQI
BENQI
$ 0.001323
0.00%
-2.07%
+10.22%
$ 9.55M
$ 40.06M
21
Wise
Wise
WISE
$ 0.102597
+0.66%
+0.00%
-0.70%
$ 8.90M
$ 1.70K
22
Abelian
Abelian
ABEL
$ 0.0606
-0.10%
-5.50%
-10.74%
$ 7.07M
$ 234.79K
23
Xauras
Xauras
XRS
$ 0.02977876
-0.01%
0.00%
-0.02%
$ 6.66M
$ 15.56K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007365
-0.20%
+3.95%
+0.64%
$ 6.25M
$ 7.10M
25
Grove
Grove
GROVE
$ 0.0088932
+2.43%
-0.00%
+4.16%
$ 5.69M
$ 1.97M
26
Suilend
Suilend
SEND
$ 0.04989649
-0.24%
0.00%
-2.77%
$ 3.68M
$ 311.67
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.171226
-0.28%
-0.05%
-4.77%
$ 3.48M
$ 2.02K
28
Gearbox
Gearbox
GEAR
$ 0.00032229
-0.05%
0.00%
-13.29%
$ 3.22M
$ 561.56
29
HyperLend
HyperLend
HPL
$ 0.00960361
-0.01%
+0.00%
-11.93%
$ 3.21M
$ 6.09K
30
Blend
Blend
BLND
$ 0.04073085
-0.11%
0.00%
+10.68%
$ 2.73M
$ 25.97K
31
Goldfinch
Goldfinch
GFI
$ 0.03037
-1.36%
-3.52%
-5.97%
$ 2.66M
$ 1.78M
32
Avalon
Avalon
AVL
$ 0.01607
-0.12%
-5.13%
-4.11%
$ 2.60M
$ 3.51M
33
TrueFi
TrueFi
TRU
$ 0.00115727
-1.01%
+0.16%
+35.70%
$ 1.45M
$ 99.59K
34
Hatom
Hatom
HTM
$ 0.01536658
0.00%
-0.00%
+1.44%
$ 1.24M
$ 185.90
35
Scallop
Scallop
SCA
$ 0.0054
0.00%
-14.29%
-15.63%
$ 866.65K
$ 308.31K
36
Reservoir
Reservoir
DAM
$ 0.00271837
-0.11%
-0.02%
-21.84%
$ 713.69K
$ 1.53K
37
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01582225
0.00%
+0.01%
+1.25%
$ 643.74K
$ 210.29
38
MEZO
MEZO
MEZO
$ 0.007198
-0.42%
-4.50%
-7.16%
$ 625.40K
$ 7.35M
39
Radiant Capital
Radiant Capital
RDNT
$ 0.00040003
+0.54%
-0.04%
-11.39%
$ 574.81K
$ 40.81K
40
Notional Finance
Notional Finance
NOTE
$ 0.00548999
0.00%
--
+0.19%
$ 536.08K
$ 2.30
41
Nostra
Nostra
NSTR
$ 0.00534939
-0.03%
-0.02%
-5.84%
$ 534.94K
$ 2.65
42
DefiTuna
DefiTuna
TUNA
$ 0.00149455
-0.05%
+0.03%
-3.24%
$ 420.71K
$ 32.95
43
Celsius Network
Celsius Network
CEL
$ 0.0113561
-0.06%
+0.03%
-2.11%
$ 405.66K
$ 233.01
44
LO0P
LO0P
LO0P
$ 0.385277
-0.05%
-0.07%
-8.56%
$ 385.26K
$ 10.64K
45
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
46
BendDAO
BendDAO
BEND
$ 2.841E-5
0.00%
-2.10%
-1.53%
$ 117.05K
--
47
Pixie Dust
Pixie Dust
DUST
$ 0.0374423
0.00%
-0.05%
+25.19%
$ 104.81K
$ 7.41K
48
Paystream
Paystream
PAYS
$ 0.03035699
0.00%
--
+0.04%
$ 97.25K
$ 0.01
49
dForce
dForce
DF
$ 9.582E-5
-2.70%
+14.20%
-5.00%
$ 95.82K
--
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.0006247
-5.39%
-0.00%
+2.36%
$ 94.74K
$ 811.43

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.