Top Lending & Borrowing Protocol Tokens by Market Capitalization

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralize 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 utilized for decentralized governance, revenue sharing, and incentivizing protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 77.05
+0.96%
+2.31%
+0.07%
$ 1.14B
$ 6.03K
2
MORPHO
MORPHO
MORPHO
$ 1.6907
-0.58%
-4.39%
-16.57%
$ 827.07M
$ 47.06K
3
Olympus
Olympus
OHM
$ 16.15
-0.31%
+1.63%
+1.13%
$ 241.46M
$ 29.41K
4
Compound
Compound
COMP
$ 16.72
-0.54%
-3.10%
-6.17%
$ 165.68M
$ 3.58K
5
Maple Finance
Maple Finance
SYRUP
$ 0.13025
-0.76%
-3.61%
-7.90%
$ 152.99M
$ 490.69K
6
Kamino
Kamino
KMNO
$ 0.01934
-0.47%
-7.54%
+9.56%
$ 92.62M
$ 3.21M
7
Quantix Finance
Quantix Finance
QFI
$ 56.821
+0.18%
+2.58%
+4.01%
$ 56.45M
$ 6.84K
8
Spark
Spark
SPK
$ 0.01722
-0.70%
+1.61%
-7.52%
$ 47.84M
$ 3.24M
9
Venus
Venus
XVS
$ 2.6281
+0.03%
-4.92%
-3.66%
$ 42.77M
$ 77.57K
10
Zest Protocol
Zest Protocol
ZEST
$ 0.26768
-3.24%
-2.59%
+5.18%
$ 39.17M
$ 674.74K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003042
-0.23%
-0.86%
-8.06%
$ 30.09M
$ 2.83T
12
deBridge
deBridge
DBR
$ 0.01501
0.00%
+0.20%
+5.93%
$ 28.87M
$ 3.50M
13
Yei Finance
Yei Finance
CLO
$ 0.21139
-0.10%
-8.78%
+4.11%
$ 27.42M
$ 4.52M
14
Euler Finance
Euler Finance
EUL
$ 1.0214
-0.40%
-1.79%
-7.36%
$ 24.03M
$ 71.28K
15
Lista DAO
Lista DAO
LISTA
$ 0.0526
-0.51%
+1.89%
+2.82%
$ 21.35M
$ 1.24M
16
CoinDepo
CoinDepo
COINDEPO
$ 0.07888
+0.03%
+0.25%
+1.56%
$ 19.75M
$ 3.21M
17
Moonwell
Moonwell
WELL
$ 0.00353229
-0.39%
+1.35%
-5.42%
$ 16.01M
$ 429.80K
18
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8852
-1.00%
+10.44%
+28.75%
$ 15.57M
$ 7.96M
19
Dolomite
Dolomite
DOLO
$ 0.02448
-0.33%
+1.50%
+0.83%
$ 10.78M
$ 4.95M
20
Abelian
Abelian
ABEL
$ 0.08543
-0.45%
-0.83%
+1.31%
$ 10.00M
$ 177.39K
21
BENQI
BENQI
QI
$ 0.00122291
-0.15%
+0.85%
-6.96%
$ 8.82M
$ 383.38K
22
NAVI Protocol
NAVI Protocol
NAVX
$ 0.006719
+0.07%
-0.38%
+1.29%
$ 5.50M
$ 8.10M
23
Goldfinch
Goldfinch
GFI
$ 0.05934
-0.03%
-6.65%
-6.17%
$ 5.13M
$ 1.02M
24
HyperLend
HyperLend
HPL
$ 0.01218925
+0.35%
+0.28%
-5.73%
$ 4.73M
$ 10.04K
25
Avalon
Avalon
AVL
$ 0.02639
+0.23%
-0.72%
-10.03%
$ 4.22M
$ 2.07M
26
Gearbox
Gearbox
GEAR
$ 0.00041489
-0.09%
+1.07%
-0.58%
$ 4.15M
$ 1.58K
27
Suilend
Suilend
SEND
$ 0.05016
0.00%
+0.24%
+0.84%
$ 3.54M
$ 1.10M
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.172324
+0.94%
+16.90%
+7.61%
$ 3.50M
$ 14.97K
29
Wise
Wise
WISE
$ 0.085882
-0.77%
+0.44%
-14.28%
$ 1.87M
$ 21.10K
30
Reservoir
Reservoir
DAM
$ 0.009021
+0.14%
-1.60%
-7.16%
$ 1.81M
$ 6.17M
31
Scallop
Scallop
SCA
$ 0.0107
0.00%
+0.94%
-11.57%
$ 1.72M
$ 349.90K
32
Blend
Blend
BLND
$ 0.04453503
-0.33%
+0.38%
-8.31%
$ 1.57M
$ 1.61K
33
MEZO
MEZO
MEZO
$ 0.01478
+0.07%
+2.78%
-1.60%
$ 1.27M
$ 3.89M
34
Radiant Capital
Radiant Capital
RDNT
$ 0.00087279
+6.04%
+0.69%
-15.45%
$ 1.12M
$ 572.12K
35
TrueFi
TrueFi
TRU
$ 0.00089083
-1.75%
+3.21%
-8.80%
$ 1.12M
$ 126.02K
36
Hatom
Hatom
HTM
$ 0.01252249
-0.71%
-0.79%
-10.06%
$ 987.39K
$ 3.26K
37
Pixie Dust
Pixie Dust
DUST
$ 0.362156
+0.25%
-1.94%
-2.03%
$ 712.86K
$ 29.70K
38
DefiTuna
DefiTuna
TUNA
$ 0.00206525
-0.02%
+17.65%
+17.44%
$ 581.31K
$ 7.59K
39
Nostra
Nostra
NSTR
$ 0.00532394
-0.14%
+0.46%
-3.04%
$ 532.41K
$ 5.93
40
Celsius Network
Celsius Network
CEL
$ 0.01120233
-0.05%
-2.02%
-1.79%
$ 400.18K
$ 217.21
41
dForce
dForce
DF
$ 0.00035935
-0.27%
+0.10%
-0.86%
$ 359.32K
$ 35.95
42
Notional Finance
Notional Finance
NOTE
$ 0.00679757
0.00%
0.00%
+6.02%
$ 319.68K
$ 1.48K
43
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00715179
-0.03%
-0.13%
+2.54%
$ 290.97K
$ 180.93
44
LO0P
LO0P
LO0P
$ 0.200725
-0.23%
-2.75%
-9.65%
$ 200.72K
$ 3.24K
45
Paystream
Paystream
PAYS
$ 0.04349322
-0.01%
-0.28%
+2.03%
$ 171.06K
$ 3.75K
46
Neptune
Neptune
NEPT
$ 0.03585289
-1.35%
-1.46%
-5.75%
$ 137.62K
$ 91.92
47
Silo Finance
Silo Finance
SILO
$ 0.00021754
0.00%
+0.01%
+15.83%
$ 133.18K
$ 15.23
48
BendDAO
BendDAO
BEND
$ 2.889E-5
0.00%
+0.98%
-8.78%
$ 118.64K
--
49
Pike Finance
Pike Finance
P
$ 0.00039648
0.00%
0.00%
-0.45%
$ 91.22K
$ 3.61
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00052704
-0.13%
-1.21%
-17.06%
$ 79.99K
$ 578.04

Frequently Asked Questions

How do decentralized lending and borrowing protocols function without traditional banks?
Decentralized 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-collateralization in decentralized finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralization 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 utilization 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.