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
$ 129.04
-0.01%
+4.72%
+16.40%
$ 1.99B
$ 2.99K
2
MORPHO
MORPHO
MORPHO
$ 2.5872
-0.59%
+6.38%
+9.34%
$ 1.31B
$ 72.48K
3
Olympus
Olympus
OHM
$ 18.05
+0.11%
+0.00%
-3.27%
$ 269.63M
$ 232.33K
4
Maple Finance
Maple Finance
SYRUP
$ 0.18898
+0.86%
-0.53%
-5.35%
$ 226.43M
$ 528.77K
5
Compound
Compound
COMP
$ 19.49
-0.26%
+1.30%
+0.83%
$ 195.50M
$ 2.89K
6
Kamino
Kamino
KMNO
$ 0.03106
+1.51%
+19.67%
+13.89%
$ 146.04M
$ 2.35M
7
Spark
Spark
SPK
$ 0.01939
+0.10%
+6.70%
+10.72%
$ 59.89M
$ 5.08M
8
Venus
Venus
XVS
$ 3.1889
-0.64%
+6.00%
-0.68%
$ 52.37M
$ 18.42K
9
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003534
+0.42%
+2.07%
+2.10%
$ 35.47M
$ 2.40T
10
Euler Finance
Euler Finance
EUL
$ 1.4395
+0.30%
+2.95%
+7.10%
$ 34.56M
$ 52.66K
11
Lista DAO
Lista DAO
LISTA
$ 0.07037
-0.10%
+1.74%
-4.57%
$ 28.90M
$ 787.67K
12
deBridge
deBridge
DBR
$ 0.01453
-0.07%
0.00%
-6.99%
$ 27.93M
$ 3.54M
13
CoinDepo
CoinDepo
COINDEPO
$ 0.10858
+0.04%
+0.02%
-4.58%
$ 27.06M
$ 3.71M
14
Quantix Finance
Quantix Finance
QFI
$ 24.97
+0.41%
-7.38%
-41.62%
$ 25.07M
$ 280.18
15
Teller
Teller
DEBIT
$ 1.22
0.00%
--
+3.39%
$ 20.96M
$ 53.20M
16
Zest Protocol
Zest Protocol
ZEST
$ 0.13917
+0.07%
-3.77%
-0.86%
$ 20.44M
$ 582.01K
17
Moonwell
Moonwell
WELL
$ 0.0030501
-3.09%
-0.15%
-19.39%
$ 13.82M
$ 1.60M
18
Yei Finance
Yei Finance
CLO
$ 0.10687
-0.50%
+25.48%
-9.31%
$ 13.71M
$ 4.22M
19
EVAA Protocol
EVAA Protocol
EVAA
$ 0.7452
+0.35%
+2.66%
-4.22%
$ 13.35M
$ 127.07K
20
Wise
Wise
WISE
$ 0.137532
+0.09%
+0.03%
+4.49%
$ 12.00M
$ 264.07
21
Dolomite
Dolomite
DOLO
$ 0.02541
+0.39%
+4.59%
-6.80%
$ 11.26M
$ 2.46M
22
BENQI
BENQI
BENQI
$ 0.001366
-4.13%
+0.81%
+0.51%
$ 9.86M
$ 39.89M
23
Avalon
Avalon
AVL
$ 0.02507282
+3.64%
+0.21%
+47.49%
$ 9.74M
$ 2.34M
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.009686
+0.14%
+16.89%
+27.51%
$ 7.92M
$ 7.71M
25
Abelian
Abelian
ABEL
$ 0.0591
0.00%
-0.03%
-2.07%
$ 6.91M
$ 287.10K
26
Xauras
Xauras
XRS
$ 0.02980703
-0.01%
0.00%
+0.04%
$ 6.66M
$ 15.41K
27
Grove
Grove
GROVE
$ 0.00795621
+0.45%
-0.01%
+2.43%
$ 5.47M
$ 341.42K
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.224513
+0.55%
+0.08%
-0.04%
$ 4.56M
$ 2.81K
29
Gearbox
Gearbox
GEAR
$ 0.0004201
+0.09%
+0.05%
+6.89%
$ 4.20M
$ 2.12K
30
Suilend
Suilend
SEND
$ 0.051134
-0.04%
+0.02%
-2.76%
$ 3.82M
$ 1.19K
31
Goldfinch
Goldfinch
GFI
$ 0.0324
-0.70%
-2.25%
+0.74%
$ 2.85M
$ 1.71M
32
HyperLend
HyperLend
HPL
$ 0.01265464
+2.80%
+0.04%
-10.75%
$ 1.99M
$ 365.36K
33
Hatom
Hatom
HTM
$ 0.02120909
-0.01%
+0.08%
+12.92%
$ 1.72M
$ 5.44K
34
DefiTuna
DefiTuna
TUNA
$ 0.00601564
+0.31%
-0.20%
+149.25%
$ 1.69M
$ 3.24K
35
TrueFi
TrueFi
TRU
$ 0.00098267
+0.33%
-0.01%
-7.37%
$ 1.24M
$ 7.66K
36
Seamless Protocol
Seamless Protocol
SEAM
$ 0.02293827
-0.05%
+0.13%
+99.49%
$ 933.27K
$ 1.11K
37
Scallop
Scallop
SCA
$ 0.0041902
+0.02%
+0.05%
-7.23%
$ 685.97K
$ 319.74K
38
Reservoir
Reservoir
DAM
$ 0.00242979
-0.38%
+0.04%
+26.04%
$ 650.08K
$ 523.35
39
Nostra
Nostra
NSTR
$ 0.00635694
+0.18%
+0.03%
+0.67%
$ 635.69K
$ 600.52
40
Radiant Capital
Radiant Capital
RDNT
$ 0.00042322
+0.08%
+0.03%
-3.45%
$ 608.19K
$ 12.19K
41
Celsius Network
Celsius Network
CEL
$ 0.01197784
+0.04%
+0.01%
-0.20%
$ 427.84K
$ 759.92
42
Notional Finance
Notional Finance
NOTE
$ 0.00650393
0.00%
--
+20.56%
$ 403.14K
--
43
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
44
LO0P
LO0P
LO0P
$ 0.350593
+0.27%
-0.02%
+2.27%
$ 350.58K
$ 5.78K
45
Blend
Blend
BLND
$ 0.00324086
-4.55%
-0.06%
-92.09%
$ 217.54K
$ 15.61K
46
BendDAO
BendDAO
BEND
$ 5.17E-5
0.00%
0.00%
-0.08%
$ 213.10K
--
47
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00079719
+0.08%
+0.01%
+4.65%
$ 120.91K
$ 250.88
48
Pixie Dust
Pixie Dust
DUST
$ 0.04438898
0.00%
-0.00%
-2.47%
$ 118.48K
$ 1.19K
49
dForce
dForce
DF
$ 0.00010099
0.00%
--
-2.26%
$ 100.98K
$ 131.59
50
Pike Finance
Pike Finance
P
$ 0.00036909
-0.01%
0.00%
-1.67%
$ 84.92K
$ 9.87

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.