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

$ 0.999777

-0.01%

0.00%

+0.02%

$ 228.36M

$ 9.04M

Kamino

KMNO

$ 0.03985

+0.17%

+1.78%

-7.48%

$ 228.07M

$ 1.50M

Convex Finance

CVX

$ 2.206

-0.54%

-1.64%

+0.63%

$ 221.56M

$ 43.26K

Lido Earn ETH

EARNETH

$ 2,762.84

-0.23%

-0.00%

+0.75%

$ 218.75M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.023

0.00%

+0.10%

$ 216.20M

Coinbase Wrapped XRP

CBXRP

$ 1.51

+0.67%

-0.00%

0.00%

$ 208.15M

$ 1.06M

syrupUSDG

SYRUPUSDG

$ 1.014

0.00%

+0.10%

$ 192.37M

$ 48.19K

BUILDon

$ 0.17659

-0.16%

-1.03%

+2.69%

$ 177.00M

$ 364.84K

Instadapp

FLUID

$ 2.0229

-0.48%

+8.73%

+35.71%

$ 169.28M

$ 56.41K

Bybit Staked SOL

BBSOL

$ 140.87

-0.08%

-0.00%

+0.61%

$ 165.68M

$ 151.83K

Frax Ether

FRXETH

$ 2,709.83

-0.01%

+0.00%

+0.83%

$ 165.55M

$ 287.77K

Bedrock

$ 0.5553

+8.49%

+31.10%

-29.47%

$ 163.53M

$ 541.99K

Orca

ORCA

$ 2.6332

+5.09%

+34.21%

+66.59%

$ 161.53M

$ 368.68K

Vision

VSN

$ 0.04471

-0.09%

+1.10%

+1.06%

$ 161.20M

$ 1.44M

DEXE

$ 1.87

-0.05%

-1.22%

+0.92%

$ 156.16M

$ 53.85K

1INCH

$ 0.10467

-0.78%

-0.81%

+2.45%

$ 148.59M

$ 606.29K

DeepBook

DEEP

$ 0.023398

-0.33%

-1.38%

+1.96%

$ 138.71M

$ 3.27M

Horizen

ZEN

$ 7.019

+0.83%

-0.11%

-1.13%

$ 130.06M

$ 25.26K

AWE Network

AWE

$ 0.06518

-0.88%

-3.81%

-9.76%

$ 126.41M

$ 856.05K

dYdX

DYDX

$ 0.14659

-0.81%

-0.32%

+2.52%

$ 124.33M

$ 677.94K

Staked Frax Ether

SFRXETH

$ 3,158.97

+0.03%

-0.00%

+0.86%

$ 118.11M

$ 9.71K

Huma Finance

HUMA

$ 0.03211

-0.43%

-6.58%

+8.29%

$ 115.22M

$ 3.28M

Nexus Mutual

NXM

$ 68.64

0.00%

+0.00%

+0.87%

$ 114.05M

Reserve Rights

RSR

$ 0.001723

+0.41%

-0.57%

+1.23%

$ 108.53M

$ 49.96M

ZRX

$ 0.12712

-0.64%

+0.24%

+4.43%

$ 107.77M

$ 441.06K

SoSoValue

SOSO

$ 0.3061

0.00%

+0.26%

-3.32%

$ 104.69M

$ 304.98K

VELO

$ 0.005763

-0.45%

+1.30%

+13.28%

$ 100.97M

$ 13.65M

Kinetiq

KNTQ

$ 0.351019

+0.87%

+0.06%

+9.84%

$ 98.45M

$ 4.81M

Origin Ether

OETH

$ 2,715.32

+0.16%

-0.00%

+0.79%

$ 94.75M

$ 910.58K

GMX

$ 8.826

+0.99%

+4.89%

+10.76%

$ 93.00M

$ 6.93K

YearnFinance

YFI

$ 2,526.4

+0.06%

-0.49%

+2.53%

$ 91.36M

$ 35.88

Numeraire

NMR

$ 11.917

+0.13%

+1.79%

+3.77%

$ 91.06M

$ 9.07K

CoW Protocol

COW

$ 0.1528

-0.26%

-3.33%

-8.18%

$ 88.40M

$ 357.68K

SNX

$ 0.2531

-0.16%

+0.95%

-0.82%

$ 87.68M

$ 350.25K

LCX

$ 0.089387

+7.56%

+0.32%

+99.24%

$ 84.92M

$ 4.14M

BULLA

$ 0.082388

+0.35%

-2.03%

+3.14%

$ 82.49M

$ 2.70M

BERA

$ 0.2342

+0.26%

+1.34%

-5.88%

$ 79.05M

$ 304.18K

Lista USD

LISUSD

$ 0.997435

0.00%

-0.02%

$ 75.69M

$ 4.49K

Spark

SPK

$ 0.02418

-0.41%

-1.50%

-1.22%

$ 74.75M

$ 2.35M

SUSHI

$ 0.2547

+0.27%

+0.39%

-5.77%

$ 73.60M

$ 280.87K

Turbo

TURBO

$ 0.0010425

+0.22%

-0.29%

+0.54%

$ 72.29M

$ 77.43M

Hastra AUTO

AUTO

$ 1.022

0.00%

+0.10%

$ 68.15M

$ 252.21K

Treehouse ETH

TETH

$ 3,403.0

+0.07%

0.00%

+0.83%

$ 67.79M

$ 15.99K

Babylon

BABY

$ 0.01359

-0.14%

+0.11%

-2.36%

$ 66.84M

$ 4.56M

NOXO

$ 0.400567

+0.13%

+0.00%

+13.22%

$ 66.76M

$ 15.06K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 65.02M

Threshold

$ 0.005473

+0.16%

+0.66%

-1.24%

$ 61.34M

$ 13.03M

SPACE ID

$ 0.03843

+0.21%

+2.76%

+1.45%

$ 59.37M

$ 1.58M

cETH

CETH

$ 54.52

-0.13%

-0.00%

+0.70%

$ 58.70M

100

Tellor Tributes

TRB

$ 20.6

-0.34%

+0.03%

+1.48%

$ 58.29M

$ 10.21M

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

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