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

crvUSD

CRVUSD

$ 0.999688

-0.01%

0.00%

+0.10%

$ 223.23M

$ 8.89M

Lido Earn ETH

EARNETH

$ 2,737.05

+0.06%

+0.00%

+4.70%

$ 219.49M

THORChain

RUNE

$ 0.6623

-0.64%

+5.08%

+23.76%

$ 218.14M

$ 2.36M

Zebec Network

ZBCN

$ 0.0021084

+0.27%

+2.83%

+9.12%

$ 210.13M

$ 104.54M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.022

0.00%

+0.10%

$ 206.26M

Coinbase Wrapped XRP

CBXRP

$ 1.55

-0.64%

+0.01%

+12.32%

$ 204.37M

$ 5.42M

Convex Finance

CVX

$ 2.047

+0.10%

+0.24%

+7.73%

$ 204.11M

$ 35.54K

BUILDon

$ 0.19729

-1.37%

-4.84%

-5.28%

$ 195.74M

$ 368.31K

syrupUSDG

SYRUPUSDG

$ 1.012

0.00%

+0.20%

$ 180.71M

$ 23.60K

Vision

VSN

$ 0.04522

-0.07%

+0.40%

+5.11%

$ 165.16M

$ 7.77M

Frax Ether

FRXETH

$ 2,687.53

-0.34%

+0.01%

+4.71%

$ 165.05M

$ 239.32K

DEXE

$ 1.93

-0.41%

-0.16%

+4.06%

$ 161.10M

$ 42.11K

Bybit Staked SOL

BBSOL

$ 141.29

-0.11%

+0.03%

+11.57%

$ 153.75M

$ 1.54M

1INCH

$ 0.10274

+0.11%

+3.11%

+6.55%

$ 145.30M

$ 639.47K

Horizen

ZEN

$ 7.597

-0.21%

+3.69%

-0.31%

$ 140.15M

$ 39.96K

AWE Network

AWE

$ 0.06988

-0.35%

+5.95%

+8.78%

$ 133.60M

$ 872.89K

DeepBook

DEEP

$ 0.022308

-0.48%

+4.88%

+32.25%

$ 127.84M

$ 10.77M

Instadapp

FLUID

$ 1.4123

0.00%

+0.07%

+9.57%

$ 118.21M

$ 2.42K

Staked Frax Ether

SFRXETH

$ 3,131.6

+0.13%

+0.00%

+4.32%

$ 116.97M

$ 1.35K

dYdX

DYDX

$ 0.13445

+0.28%

+0.77%

+4.92%

$ 113.33M

$ 803.24K

Nexus Mutual

NXM

$ 67.4

+0.01%

-0.00%

+3.11%

$ 112.40M

Reserve Rights

RSR

$ 0.001771

-0.67%

+3.21%

+11.45%

$ 110.78M

$ 56.16M

ZRX

$ 0.12626

-0.01%

+4.41%

+8.31%

$ 106.87M

$ 555.93K

SoSoValue

SOSO

$ 0.3032

-0.03%

-3.84%

+4.45%

$ 103.52M

$ 323.09K

BULLA

$ 0.102516

-0.36%

-0.78%

+4.61%

$ 101.65M

$ 1.39M

Orca

ORCA

$ 1.6192

-0.01%

+3.43%

+14.93%

$ 98.65M

$ 59.86K

Huma Finance

HUMA

$ 0.02678

+0.15%

+3.52%

+10.35%

$ 94.88M

$ 2.79M

Origin Ether

OETH

$ 2,687.38

-0.02%

+0.00%

+4.45%

$ 94.08M

$ 402.44K

Lista USD

LISUSD

$ 0.996927

0.00%

-0.14%

$ 93.87M

$ 15.97K

Kinetiq

KNTQ

$ 0.317552

+0.28%

+0.01%

+11.63%

$ 89.07M

$ 997.86K

SNX

$ 0.2583

-0.27%

-0.54%

+14.50%

$ 88.68M

$ 318.25K

YearnFinance

YFI

$ 2,460.2

-0.04%

+0.91%

+11.92%

$ 88.57M

$ 26.09

CoW Protocol

COW

$ 0.1505

0.00%

+4.59%

-2.08%

$ 86.73M

$ 376.76K

GMX

$ 8.231

+0.05%

+1.50%

+8.33%

$ 85.74M

$ 7.26K

VELO

$ 0.004686

-0.11%

+2.88%

+5.59%

$ 82.30M

$ 9.90M

BERA

$ 0.2334

-0.13%

+3.61%

+10.08%

$ 78.00M

$ 433.85K

SUSHI

$ 0.2637

+0.30%

+3.49%

+9.92%

$ 75.64M

$ 215.40K

Spark

SPK

$ 0.02465

+0.74%

+13.14%

+19.53%

$ 75.12M

$ 4.75M

Numeraire

NMR

$ 9.697

-0.12%

+1.03%

+6.44%

$ 73.68M

$ 7.42K

Turbo

TURBO

$ 0.001061

-0.22%

+2.44%

+12.01%

$ 73.23M

$ 67.90M

Treehouse ETH

TETH

$ 3,367.14

-0.04%

+0.00%

+4.46%

$ 67.53M

$ 27.65K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 66.28M

Gravity

$ 0.005744

-0.62%

+0.05%

-60.84%

$ 64.02M

$ 37.02M

Threshold

$ 0.005658

+0.67%

+1.63%

+14.74%

$ 62.42M

$ 11.17M

Babylon

BABY

$ 0.013574

-0.23%

+4.61%

+14.40%

$ 61.44M

$ 5.36M

SPACE ID

$ 0.03912

-0.46%

+2.72%

+10.47%

$ 60.25M

$ 1.48M

NOXO

$ 0.358326

+0.63%

+0.01%

+3.13%

$ 59.72M

$ 33.04K

cETH

CETH

$ 54.1

+0.07%

+0.01%

+4.70%

$ 58.88M

Tellor Tributes

TRB

$ 19.94

-0.30%

-0.00%

+12.27%

$ 56.20M

$ 12.70M

100

Venus

XVS

$ 3.3334

-0.05%

+1.50%

+6.29%

$ 54.59M

$ 16.67K

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