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
$ 171.24
-0.02%
+3.32%
-6.02%
$ 2.64B
$ 2.17K
2
MORPHO
MORPHO
MORPHO
$ 2.3929
-0.39%
+0.30%
-12.78%
$ 1.28B
$ 74.00K
3
Olympus
Olympus
OHM
$ 20.1
-0.20%
0.00%
-0.94%
$ 300.23M
$ 122.55K
4
Maple Finance
Maple Finance
SYRUP
$ 0.23127
-0.48%
-0.77%
-10.04%
$ 275.08M
$ 404.19K
5
Compound
Compound
COMP
$ 24.31
+0.16%
+3.84%
-2.87%
$ 243.60M
$ 2.39K
6
Kamino
Kamino
KMNO
$ 0.03466
-0.52%
-5.22%
-14.16%
$ 198.33M
$ 2.10M
7
Spark
Spark
SPK
$ 0.02187
-0.27%
+0.27%
-12.02%
$ 67.69M
$ 2.42M
8
Venus
Venus
XVS
$ 3.1399
0.00%
+1.55%
-9.75%
$ 51.68M
$ 18.12K
9
Lista DAO
Lista DAO
LISTA
$ 0.08241
-0.83%
+6.65%
-6.19%
$ 38.96M
$ 750.97K
10
deBridge
deBridge
DBR
$ 0.01925
+0.52%
+2.81%
+2.43%
$ 37.32M
$ 2.77M
11
Euler Finance
Euler Finance
EUL
$ 1.3773
-1.07%
-0.60%
-4.94%
$ 34.16M
$ 54.69K
12
Teller
Teller
DEBIT
$ 1.92
-0.52%
+0.06%
-18.99%
$ 32.98M
$ 6.78M
13
Dogelon Mars
Dogelon Mars
ELON
$ 0.0000000303
-0.07%
0.00%
-7.31%
$ 30.28M
$ 2.74T
14
CoinDepo
CoinDepo
COINDEPO
$ 0.11192
-0.09%
-0.18%
-1.56%
$ 28.05M
$ 3.03M
15
Zest Protocol
Zest Protocol
ZEST
$ 0.1835
-0.28%
-1.83%
-3.93%
$ 26.63M
$ 357.19K
16
BENQI
BENQI
BENQI
$ 0.002816
-1.12%
+3.79%
-6.87%
$ 20.29M
$ 23.91M
17
Quantix Finance
Quantix Finance
QFI
$ 17.315
-0.21%
-0.49%
-9.08%
$ 17.30M
$ 10.99K
18
Yei Finance
Yei Finance
CLO
$ 0.06132
+0.08%
+0.94%
-1.16%
$ 15.85M
$ 2.71M
19
Dolomite
Dolomite
DOLO
$ 0.02834
-0.56%
+3.23%
-7.84%
$ 12.57M
$ 2.06M
20
Abelian
Abelian
ABEL
$ 0.09443
-0.13%
-3.54%
+43.56%
$ 12.07M
$ 169.20K
21
EVAA Protocol
EVAA Protocol
EVAA
$ 0.67
-0.64%
-0.09%
-11.29%
$ 11.95M
$ 93.88K
22
Wise
Wise
WISE
$ 0.134257
-0.03%
0.00%
-7.52%
$ 11.67M
$ 3.71K
23
Moonwell
Moonwell
WELL
$ 0.00218413
+0.72%
-0.01%
-4.64%
$ 9.89M
$ 206.40K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.01207
+0.14%
+4.25%
-15.28%
$ 9.84M
$ 4.92M
25
Avalon
Avalon
AVL
$ 0.02003003
-0.10%
+0.01%
-11.65%
$ 8.95M
$ 204.19K
26
Liqwid Finance
Liqwid Finance
LQ
$ 0.361419
+0.83%
+0.10%
-0.74%
$ 7.34M
$ 2.97K
27
Xauras
Xauras
XRS
$ 0.02978311
0.00%
0.00%
-0.07%
$ 6.66M
$ 12.66K
28
Gearbox
Gearbox
GEAR
$ 0.00062458
-0.03%
+0.05%
-2.61%
$ 6.25M
$ 6.71K
29
Grove
Grove
GROVE
$ 0.00723363
-0.09%
-0.02%
-5.91%
$ 5.98M
$ 151.84K
30
HyperLend
HyperLend
HPL
$ 0.01093245
-1.48%
+0.00%
-10.21%
$ 4.33M
$ 16.14K
31
Suilend
Suilend
SEND
$ 0.056523
-0.11%
+0.04%
+10.47%
$ 4.27M
$ 197.09
32
Goldfinch
Goldfinch
GFI
$ 0.03991373
+0.58%
+0.11%
+4.38%
$ 3.78M
$ 130.75K
33
Hatom
Hatom
HTM
$ 0.03466215
0.00%
+0.02%
+3.38%
$ 3.36M
$ 5.17K
34
MEZO
MEZO
MEZO
$ 0.00351694
+0.09%
-0.00%
-15.81%
$ 1.76M
$ 201.80K
35
TrueFi
TrueFi
TRU
$ 0.00094094
+0.01%
+0.04%
+3.19%
$ 1.18M
$ 21.53K
36
Scallop
Scallop
SCA
$ 0.00578473
-0.17%
+0.14%
-32.69%
$ 1.00M
$ 79.06K
37
NetNet
NetNet
NET
$ 200.67
+0.25%
-0.11%
-28.72%
$ 968.09K
$ 1.53M
38
Radiant Capital
Radiant Capital
RDNT
$ 0.00058963
-0.01%
-0.03%
+32.39%
$ 847.26K
$ 488.66K
39
Reservoir
Reservoir
DAM
$ 0.00262695
0.00%
+0.09%
+8.28%
$ 729.09K
$ 3.48K
40
DefiTuna
DefiTuna
TUNA
$ 0.00226931
0.00%
+0.11%
-19.53%
$ 638.82K
$ 886.83
41
Nostra
Nostra
NSTR
$ 0.00504931
0.00%
--
-4.62%
$ 504.93K
$ 637.34
42
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01167037
0.00%
-0.00%
-3.94%
$ 474.83K
$ 26.69
43
Blend
Blend
BLND
$ 0.00655452
-0.05%
-0.01%
+6.63%
$ 440.08K
$ 2.02K
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
45
Notional Finance
Notional Finance
NOTE
$ 0.00452591
0.00%
--
+0.67%
$ 280.54K
$ 2.26
46
Celsius Network
Celsius Network
CEL
$ 0.00588958
-0.07%
+0.01%
-3.88%
$ 210.37K
$ 50.18
47
BendDAO
BendDAO
BEND
$ 3.714E-5
-0.08%
0.00%
-10.09%
$ 153.14K
--
48
LO0P
LO0P
LO0P
$ 0.141029
-0.05%
0.00%
-10.34%
$ 141.03K
$ 111.68
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00071315
-0.02%
+0.01%
-5.19%
$ 132.97K
$ 763.16
50
dForce
dForce
DF
$ 0.00010943
0.00%
--
+4.79%
$ 109.42K
$ 127.54

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.