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
$ 148.08
+0.18%
-5.68%
+4.12%
$ 2.27B
$ 1.36K
2
MORPHO
MORPHO
MORPHO
$ 2.5732
+1.08%
-7.48%
-2.22%
$ 1.33B
$ 54.55K
3
Olympus
Olympus
OHM
$ 20.15
+0.15%
-0.00%
+0.10%
$ 300.59M
$ 98.92K
4
Kamino
Kamino
KMNO
$ 0.045
-0.44%
-2.89%
+38.26%
$ 255.16M
$ 2.22M
5
Maple Finance
Maple Finance
SYRUP
$ 0.20926
+0.07%
-5.98%
-5.17%
$ 246.60M
$ 580.03K
6
Compound
Compound
COMP
$ 23.23
+0.43%
-4.48%
+4.36%
$ 232.20M
$ 3.07K
7
Spark
Spark
SPK
$ 0.02278
+0.27%
-9.90%
+6.13%
$ 69.91M
$ 2.56M
8
Venus
Venus
XVS
$ 3.3038
+0.12%
-2.20%
+0.63%
$ 54.03M
$ 20.42K
9
deBridge
deBridge
DBR
$ 0.02073
+0.05%
-7.71%
+26.53%
$ 40.11M
$ 2.42M
10
Lista DAO
Lista DAO
LISTA
$ 0.08367
+0.25%
-5.12%
-4.80%
$ 39.29M
$ 742.27K
11
Euler Finance
Euler Finance
EUL
$ 1.413
+0.08%
-5.38%
+5.13%
$ 33.91M
$ 63.67K
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003268
+0.09%
-3.61%
-3.36%
$ 32.49M
$ 2.46T
13
Teller
Teller
DEBIT
$ 1.83
-1.08%
-0.09%
-17.19%
$ 31.55M
$ 50.67M
14
CoinDepo
CoinDepo
COINDEPO
$ 0.10671
-0.17%
-0.48%
+1.91%
$ 26.75M
$ 1.77M
15
Zest Protocol
Zest Protocol
ZEST
$ 0.16599
-1.64%
-9.19%
+11.33%
$ 23.94M
$ 450.21K
16
BENQI
BENQI
BENQI
$ 0.003056
+5.87%
-25.61%
+114.25%
$ 22.09M
$ 42.63M
17
Quantix Finance
Quantix Finance
QFI
$ 18.716
+0.20%
-4.51%
+1.54%
$ 18.62M
$ 8.36K
18
Dolomite
Dolomite
DOLO
$ 0.03041
-0.13%
-6.71%
+7.67%
$ 13.46M
$ 2.10M
19
Wise
Wise
WISE
$ 0.143928
+0.30%
-0.01%
-2.99%
$ 12.54M
$ 4.03K
20
EVAA Protocol
EVAA Protocol
EVAA
$ 0.6889
+0.72%
-4.98%
-11.00%
$ 12.24M
$ 208.08K
21
Moonwell
Moonwell
WELL
$ 0.00217066
-0.10%
-0.08%
+8.48%
$ 9.83M
$ 320.34K
22
NAVI Protocol
NAVI Protocol
NAVX
$ 0.011397
-2.52%
-4.14%
-3.84%
$ 9.26M
$ 5.21M
23
Avalon
Avalon
AVL
$ 0.02238545
+0.45%
-0.10%
-1.10%
$ 9.12M
$ 416.76K
24
Abelian
Abelian
ABEL
$ 0.06131
+0.18%
-2.17%
-7.72%
$ 7.51M
$ 251.44K
25
Yei Finance
Yei Finance
CLO
$ 0.05768
+0.89%
-5.50%
-9.13%
$ 7.49M
$ 2.40M
26
Liqwid Finance
Liqwid Finance
LQ
$ 0.361822
+0.25%
-0.04%
+7.25%
$ 7.35M
$ 2.04K
27
Gearbox
Gearbox
GEAR
$ 0.0007097
+0.79%
-0.02%
+57.73%
$ 7.10M
$ 19.44K
28
Xauras
Xauras
XRS
$ 0.02979817
0.00%
0.00%
0.00%
$ 6.66M
$ 13.78K
29
Grove
Grove
GROVE
$ 0.00768413
+0.37%
-0.02%
-2.38%
$ 6.18M
$ 237.86K
30
HyperLend
HyperLend
HPL
$ 0.01286472
+0.74%
-0.00%
+5.31%
$ 5.07M
$ 94.39K
31
Suilend
Suilend
SEND
$ 0.058762
-0.15%
-0.02%
-14.63%
$ 4.44M
$ 2.31K
32
Goldfinch
Goldfinch
GFI
$ 0.04304421
-3.38%
-0.00%
+35.58%
$ 4.10M
$ 624.99K
33
Hatom
Hatom
HTM
$ 0.03420901
+0.66%
-0.01%
+6.87%
$ 3.18M
$ 7.15K
34
MEZO
MEZO
MEZO
$ 0.0043005
+0.22%
+0.01%
-7.06%
$ 2.15M
$ 285.40K
35
NetNet
NetNet
NET
$ 387.61
-2.94%
-0.16%
-44.33%
$ 1.87M
$ 3.18M
36
TrueFi
TrueFi
TRU
$ 0.00100253
-2.12%
+0.21%
+14.02%
$ 1.26M
$ 140.66K
37
Scallop
Scallop
SCA
$ 0.00726725
-1.80%
+0.36%
+57.02%
$ 1.19M
$ 153.06K
38
DefiTuna
DefiTuna
TUNA
$ 0.00244338
0.00%
-0.00%
-8.53%
$ 687.81K
$ 299.28
39
Radiant Capital
Radiant Capital
RDNT
$ 0.0004378
+1.33%
-0.07%
-9.87%
$ 629.05K
$ 90.80K
40
Reservoir
Reservoir
DAM
$ 0.00210365
-0.10%
-0.10%
+27.41%
$ 583.86K
$ 890.35
41
Nostra
Nostra
NSTR
$ 0.00530953
0.00%
--
-4.75%
$ 530.95K
$ 146.85
42
Seamless Protocol
Seamless Protocol
SEAM
$ 0.0124099
+0.38%
+0.01%
+3.03%
$ 504.91K
$ 478.61
43
Notional Finance
Notional Finance
NOTE
$ 0.00618761
+0.22%
-0.02%
+1.80%
$ 383.53K
$ 118.20
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
45
LO0P
LO0P
LO0P
$ 0.322632
0.00%
-0.01%
-5.27%
$ 322.63K
$ 301.14
46
Blend
Blend
BLND
$ 0.0047716
+0.27%
-0.09%
-7.90%
$ 320.37K
$ 2.66K
47
Celsius Network
Celsius Network
CEL
$ 0.00614224
+0.21%
-0.01%
-1.54%
$ 219.40K
$ 141.91
48
BendDAO
BendDAO
BEND
$ 3.834E-5
-0.44%
-2.79%
-4.10%
$ 158.07K
--
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00075334
+0.07%
-0.03%
-4.00%
$ 114.24K
$ 607.81
50
dForce
dForce
DF
$ 0.00010332
0.00%
--
0.00%
$ 103.31K
$ 10.83

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.