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
1
Lido Staked ETH
Lido Staked ETH
STETH
$ 2,686.86
0.00%
+0.34%
+4.41%
$ 26.30B
$ 20.77
2
Hyperliquid
Hyperliquid
HYPE
$ 91.92
-0.29%
+0.11%
+1.12%
$ 23.14B
$ 24.78K
3
Wrapped stETH
Wrapped stETH
WSTETH
$ 3,348.98
+0.08%
+0.01%
+4.41%
$ 12.42B
$ 8.04M
4
Chainlink
Chainlink
LINK
$ 14.092
+0.47%
+5.66%
+17.97%
$ 9.32B
$ 118.45K
5
UNISWAP
UNISWAP
UNI
$ 9.644
+0.28%
+5.57%
+9.53%
$ 5.99B
$ 462.14K
6
Ethena
Ethena
ENA
$ 0.27453
+2.49%
+23.94%
+40.28%
$ 2.77B
$ 387.71M
7
Ondo
Ondo
ONDO
$ 0.54228
+1.68%
+3.14%
+34.21%
$ 2.66B
$ 4.12M
8
Bitway
Bitway
BTW
$ 0.891798
-2.94%
-1.80%
+50.64%
$ 2.56B
$ 2.49M
9
AaveToken
AaveToken
AAVE
$ 154.16
+0.27%
+6.51%
+12.22%
$ 2.39B
$ 3.03K
10
Aster
Aster
ASTER
$ 0.7297
-0.18%
+3.31%
-1.00%
$ 1.98B
$ 2.86M
11
Sky Protocol
Sky Protocol
SKY
$ 0.07867
+0.50%
+6.97%
+14.56%
$ 1.82B
$ 1.35M
12
MORPHO
MORPHO
MORPHO
$ 2.7124
+0.14%
-3.62%
+5.96%
$ 1.44B
$ 51.38K
13
Polygon Ecosystem
Polygon Ecosystem
POL
$ 0.11813
+0.18%
+9.71%
+14.32%
$ 1.26B
$ 4.11M
14
Binance Staked SOL
Binance Staked SOL
BNSOL
$ 136.45
-0.09%
+0.03%
+10.93%
$ 1.23B
$ 1.33M
15
Lighter
Lighter
LIT
$ 4.8794
-0.06%
-2.89%
+2.88%
$ 1.21B
$ 2.76M
16
Jupiter
Jupiter
JUP
$ 0.3459
+1.80%
+12.28%
+26.77%
$ 1.14B
$ 1.66M
17
JUST
JUST
JST
$ 0.12303
-0.06%
+6.58%
+5.61%
$ 1.01B
$ 656.80K
18
syrupUSDC
syrupUSDC
SYRUPUSDC
$ 1.18
0.00%
0.00%
0.00%
$ 1.00B
$ 899.60K
19
Jupiter Perpetuals Liquidity Provider Token
Jupiter Perpetuals Liquidity Provider Token
JLP
$ 4.87
-0.20%
+0.02%
+5.87%
$ 945.39M
$ 9.95M
20
PancakeSwap
PancakeSwap
CAKE
$ 2.774
-0.07%
+2.40%
+21.11%
$ 896.72M
$ 1.12M
21
Aerodrome Finance
Aerodrome Finance
AERO
$ 0.8977
-0.27%
+25.11%
+39.05%
$ 890.75M
$ 14.90M
22
Injective
Injective
INJ
$ 7.764
+0.10%
-2.51%
+2.11%
$ 780.17M
$ 639.28K
23
Ether.Fi Foundation
Ether.Fi Foundation
ETHFI
$ 0.7177
+0.35%
+5.75%
+0.59%
$ 692.45M
$ 6.48M
24
Pyth Network
Pyth Network
PYTH
$ 0.0737
+1.06%
+8.76%
+25.94%
$ 583.85M
$ 16.68M
25
SEI
SEI
SEI
$ 0.0741
+1.34%
+16.93%
+54.08%
$ 559.77M
$ 15.36M
26
Curve
Curve
CRV
$ 0.3503
+0.40%
+2.86%
+6.05%
$ 551.83M
$ 2.58M
27
Raydium
Raydium
RAY
$ 1.9953
-0.07%
-1.92%
+22.03%
$ 539.77M
$ 206.08K
28
Staked USDai
Staked USDai
SUSDAI
$ 1.11
0.00%
0.00%
0.00%
$ 493.63M
$ 1.88M
29
TIA
TIA
TIA
$ 0.4857
+0.39%
+0.93%
+15.73%
$ 450.86M
$ 3.00M
30
Pendle
Pendle
PENDLE
$ 2.537
+0.28%
-1.25%
-1.75%
$ 439.41M
$ 468.96K
31
Derive
Derive
DRV
$ 0.43306
-0.10%
0.00%
+5.62%
$ 432.94M
$ 9.91M
32
StakeWise Staked ETH
StakeWise Staked ETH
OSETH
$ 2,887.26
+0.04%
+0.01%
+4.47%
$ 425.64M
$ 146.41K
33
Falcon Finance
Falcon Finance
FF
$ 0.13189
+0.22%
-3.34%
+4.28%
$ 415.77M
$ 760.32K
34
Lido DAO
Lido DAO
LDO
$ 0.4918
+0.27%
+12.05%
+17.15%
$ 403.50M
$ 1.44M
35
PayFi Strategy Token USDC
PayFi Strategy Token USDC
PSTUSDC
$ 1.13
0.00%
0.00%
0.00%
$ 383.34M
$ 1.98K
36
Staked Aave
Staked Aave
STKAAVE
$ 153.36
+0.18%
+0.06%
+11.77%
$ 381.93M
$ 22.06K
37
tBTC
tBTC
TBTC
$ 83,961
+0.06%
-0.00%
+4.33%
$ 350.60M
$ 1.73M
38
SUN
SUN
SUN
$ 0.017195
+0.17%
-0.06%
+0.91%
$ 330.70M
$ 10.73M
39
Ethena Staked ENA
Ethena Staked ENA
SENA
$ 0.271144
+2.91%
+0.19%
+34.62%
$ 323.50M
$ 417.94K
40
Terra Classic
Terra Classic
LUNC
$ 0.00005567
+0.22%
+2.21%
+8.42%
$ 307.89M
$ 2.20B
41
Plasma
Plasma
XPL
$ 0.11144
+0.05%
-3.36%
+21.41%
$ 307.64M
$ 46.70M
42
JITO
JITO
JTO
$ 0.5769
+0.33%
+16.69%
+17.93%
$ 304.05M
$ 591.02K
43
Olympus
Olympus
OHM
$ 20.28
0.00%
+0.00%
+1.71%
$ 302.55M
$ 103.77K
44
Gnosis
Gnosis
GNO
$ 114.58
+0.09%
+0.54%
-3.21%
$ 302.01M
$ 517.36
45
Bedrock
Bedrock
BR
$ 0.8561
+0.26%
+2.71%
-14.44%
$ 288.39M
$ 873.26K
46
Marinade Staked SOL
Marinade Staked SOL
MSOL
$ 169.85
+0.09%
+0.04%
+11.33%
$ 274.93M
$ 1.25M
47
Maple Finance
Maple Finance
SYRUP
$ 0.21962
-0.24%
+3.21%
+1.24%
$ 262.19M
$ 453.87K
48
Compound
Compound
COMP
$ 23.95
-0.50%
+2.12%
+12.73%
$ 240.90M
$ 3.19K
49
Kamino
Kamino
KMNO
$ 0.04282
+0.87%
+16.84%
+56.53%
$ 240.38M
$ 2.13M
50
MIOTAC
MIOTAC
IOTA
$ 0.05016
+0.32%
+4.79%
+5.14%
$ 233.38M
$ 2.74M

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.

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.