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
$ 91.81
+0.15%
+2.23%
-0.81%
$ 1.41B
$ 2.19K
2
MORPHO
MORPHO
MORPHO
$ 1.9374
-0.22%
+5.21%
-0.43%
$ 973.52M
$ 46.85K
3
Olympus
Olympus
OHM
$ 19.06
0.00%
+0.02%
+1.65%
$ 284.66M
$ 230.76K
4
Maple Finance
Maple Finance
SYRUP
$ 0.1515
+0.08%
+0.50%
-2.19%
$ 180.41M
$ 417.39K
5
Compound
Compound
COMP
$ 16.78
-0.12%
-0.59%
+1.76%
$ 167.50M
$ 3.15K
6
Kamino
Kamino
KMNO
$ 0.01822
-0.11%
-4.50%
+1.05%
$ 88.36M
$ 3.77M
7
Quantix Finance
Quantix Finance
QFI
$ 55.394
0.00%
-0.02%
-5.82%
$ 55.39M
$ 5.70K
8
Venus
Venus
XVS
$ 2.7225
+0.02%
-0.24%
+0.68%
$ 44.59M
$ 19.77K
9
Spark
Spark
SPK
$ 0.0147
-0.07%
-2.00%
-7.49%
$ 41.12M
$ 3.96M
10
Euler Finance
Euler Finance
EUL
$ 1.2133
+1.30%
-4.09%
-14.60%
$ 28.76M
$ 67.05K
11
CoinDepo
CoinDepo
COINDEPO
$ 0.1133
+0.19%
+0.95%
+8.22%
$ 28.32M
$ 3.92M
12
deBridge
deBridge
DBR
$ 0.01413
-0.07%
-1.81%
+1.95%
$ 27.22M
$ 3.68M
13
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002687
+0.04%
+0.26%
-7.43%
$ 26.86M
$ 3.00T
14
Zest Protocol
Zest Protocol
ZEST
$ 0.17419
-1.63%
-17.66%
-30.75%
$ 25.69M
$ 602.83K
15
Lista DAO
Lista DAO
LISTA
$ 0.05935
-0.03%
+9.49%
+16.40%
$ 24.15M
$ 1.15M
16
Yei Finance
Yei Finance
CLO
$ 0.12302
+0.05%
+1.26%
-4.47%
$ 15.86M
$ 558.25K
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8761
+1.46%
+1.46%
-1.51%
$ 15.52M
$ 143.99K
18
Moonwell
Moonwell
WELL
$ 0.00303243
-0.52%
-0.02%
-0.55%
$ 13.76M
$ 115.19K
19
Dolomite
Dolomite
DOLO
$ 0.02364
+0.30%
+6.01%
+9.19%
$ 10.44M
$ 3.24M
20
BENQI
BENQI
BENQI
$ 0.001284
0.00%
+2.07%
+1.19%
$ 9.22M
$ 49.02M
21
Wise
Wise
WISE
$ 0.10446
-0.01%
+0.00%
+2.15%
$ 9.07M
$ 4.15K
22
Abelian
Abelian
ABEL
$ 0.06487
-0.03%
+0.40%
-5.77%
$ 7.64M
$ 199.35K
23
Xauras
Xauras
XRS
$ 0.02978544
-0.01%
0.00%
+0.04%
$ 6.66M
$ 15.57K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007751
+0.93%
+3.28%
-5.55%
$ 6.36M
$ 7.07M
25
Suilend
Suilend
SEND
$ 0.050922
+0.08%
+0.00%
+0.27%
$ 3.75M
$ 639.58
26
Liqwid Finance
Liqwid Finance
LQ
$ 0.177668
-0.18%
-0.02%
-2.25%
$ 3.61M
$ 266.50
27
HyperLend
HyperLend
HPL
$ 0.01057144
+0.21%
-0.02%
-9.87%
$ 3.53M
$ 8.28K
28
Gearbox
Gearbox
GEAR
$ 0.00035166
0.00%
-0.02%
-2.61%
$ 3.52M
$ 3.90K
29
Avalon
Avalon
AVL
$ 0.02085
+3.45%
+20.11%
+22.78%
$ 3.29M
$ 3.41M
30
Goldfinch
Goldfinch
GFI
$ 0.03202
-0.31%
+4.27%
+0.41%
$ 2.80M
$ 1.75M
31
Blend
Blend
BLND
$ 0.04126799
-0.02%
+0.03%
-0.70%
$ 2.77M
$ 2.26K
32
Hatom
Hatom
HTM
$ 0.01551923
+0.11%
+0.02%
-0.80%
$ 1.26M
$ 68.15
33
Scallop
Scallop
SCA
$ 0.0067
0.00%
+8.06%
-15.19%
$ 1.08M
$ 99.88K
34
TrueFi
TrueFi
TRU
$ 0.00079289
-0.87%
-0.01%
-31.74%
$ 996.66K
$ 6.13K
35
Reservoir
Reservoir
DAM
$ 0.00359059
+0.18%
+0.09%
-2.61%
$ 924.74K
$ 4.88K
36
Seamless Protocol
Seamless Protocol
SEAM
$ 0.0159045
-0.01%
-0.00%
+11.69%
$ 647.08K
$ 33.24
37
MEZO
MEZO
MEZO
$ 0.007475
+0.12%
-3.25%
-14.18%
$ 642.85K
$ 7.29M
38
Radiant Capital
Radiant Capital
RDNT
$ 0.00044244
+0.75%
+0.03%
-15.18%
$ 635.75K
$ 86.95K
39
Nostra
Nostra
NSTR
$ 0.00565558
0.00%
+0.01%
+3.07%
$ 565.56K
$ 5.85
40
Notional Finance
Notional Finance
NOTE
$ 0.00552579
-0.07%
+0.00%
+2.31%
$ 539.58K
$ 15.00
41
DefiTuna
DefiTuna
TUNA
$ 0.00144303
+0.13%
-0.05%
+15.93%
$ 406.21K
$ 146.98
42
Celsius Network
Celsius Network
CEL
$ 0.01137102
0.00%
-0.02%
-0.27%
$ 406.16K
$ 520.45
43
LO0P
LO0P
LO0P
$ 0.386547
+0.03%
-0.08%
-27.31%
$ 386.53K
$ 9.86K
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
-0.07%
$ 377.99K
$ 9.10
45
BendDAO
BendDAO
BEND
$ 2.885E-5
0.00%
+2.40%
+5.79%
$ 118.82K
--
46
Paystream
Paystream
PAYS
$ 0.03035678
0.00%
--
-0.04%
$ 97.25K
$ 1.91
47
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00061996
+0.10%
+0.03%
+11.33%
$ 94.03K
$ 142.91
48
Pixie Dust
Pixie Dust
DUST
$ 0.03066561
0.00%
-0.01%
-7.20%
$ 87.69K
$ 984.91
49
Pike Finance
Pike Finance
P
$ 0.00037723
0.00%
--
-0.44%
$ 86.79K
$ 5.59
50
dForce
dForce
DF
$ 8.444E-5
0.00%
-18.90%
-16.27%
$ 84.43K
--

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.