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
$ 90.28
-0.43%
+1.31%
-9.12%
$ 1.40B
$ 3.26K
2
MORPHO
MORPHO
MORPHO
$ 1.8968
0.00%
+0.85%
-5.30%
$ 950.32M
$ 37.60K
3
Olympus
Olympus
OHM
$ 18.64
-0.05%
-0.00%
+0.16%
$ 278.48M
$ 109.88K
4
Maple Finance
Maple Finance
SYRUP
$ 0.16111
+0.36%
+3.62%
-1.03%
$ 190.44M
$ 422.61K
5
Compound
Compound
COMP
$ 16.33
-0.12%
-1.21%
-1.27%
$ 163.50M
$ 11.85K
6
Kamino
Kamino
KMNO
$ 0.01796
0.00%
-0.06%
-1.05%
$ 87.05M
$ 3.20M
7
Quantix Finance
Quantix Finance
QFI
$ 58.81
-0.06%
+0.19%
+0.14%
$ 58.76M
$ 9.46K
8
Venus
Venus
XVS
$ 2.7011
-0.01%
-2.21%
-3.91%
$ 44.17M
$ 21.22K
9
Spark
Spark
SPK
$ 0.0153
0.00%
-0.52%
-2.48%
$ 42.97M
$ 3.70M
10
Euler Finance
Euler Finance
EUL
$ 1.4051
+0.53%
+0.11%
-3.25%
$ 33.89M
$ 91.71K
11
Zest Protocol
Zest Protocol
ZEST
$ 0.21757
+0.76%
-4.39%
-13.06%
$ 31.88M
$ 390.25K
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002828
0.00%
-0.81%
-4.17%
$ 28.24M
$ 3.06T
13
CoinDepo
CoinDepo
COINDEPO
$ 0.1125
+0.04%
+2.76%
+11.18%
$ 28.15M
$ 2.83M
14
deBridge
deBridge
DBR
$ 0.01388
+0.14%
0.00%
-3.14%
$ 26.70M
$ 3.55M
15
Lista DAO
Lista DAO
LISTA
$ 0.05219
-1.23%
+2.03%
+9.92%
$ 21.35M
$ 1.05M
16
Yei Finance
Yei Finance
CLO
$ 0.12451
+0.92%
+0.17%
+2.37%
$ 15.98M
$ 1.09M
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8664
+1.10%
+4.83%
+11.15%
$ 15.82M
$ 445.74K
18
Moonwell
Moonwell
WELL
$ 0.00300448
+2.51%
+0.01%
-0.72%
$ 13.61M
$ 67.73K
19
Dolomite
Dolomite
DOLO
$ 0.02165
+0.09%
+2.46%
+4.28%
$ 9.57M
$ 3.20M
20
BENQI
BENQI
BENQI
$ 0.001322
-0.15%
+2.25%
+12.06%
$ 9.50M
$ 54.47M
21
Wise
Wise
WISE
$ 0.102021
+0.42%
+0.00%
-2.16%
$ 8.83M
$ 4.37K
22
Abelian
Abelian
ABEL
$ 0.06771
+0.58%
+3.61%
-3.84%
$ 7.97M
$ 259.50K
23
Xauras
Xauras
XRS
$ 0.0297815
0.00%
0.00%
+0.02%
$ 6.66M
$ 14.54K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007863
-0.16%
-1.22%
-2.04%
$ 6.43M
$ 7.09M
25
HyperLend
HyperLend
HPL
$ 0.01098322
-0.93%
-0.08%
-10.77%
$ 4.39M
$ 56.03K
26
Suilend
Suilend
SEND
$ 0.050213
-0.05%
+0.01%
-1.91%
$ 3.69M
$ 734.90
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.178707
+0.10%
+0.00%
+6.20%
$ 3.63M
$ 19.11
28
Gearbox
Gearbox
GEAR
$ 0.00035137
+0.03%
-0.00%
-9.31%
$ 3.51M
$ 3.62K
29
Goldfinch
Goldfinch
GFI
$ 0.03278
-7.94%
+11.88%
-2.24%
$ 2.95M
$ 2.04M
30
Avalon
Avalon
AVL
$ 0.01686
0.00%
+0.60%
-7.37%
$ 2.72M
$ 3.31M
31
Nest
Nest
NEST
$ 0.00385451
+0.30%
-0.01%
-14.20%
$ 1.85M
$ 25.55K
32
Blend
Blend
BLND
$ 0.04173217
0.00%
-0.00%
-1.50%
$ 1.47M
$ 645.07
33
Hatom
Hatom
HTM
$ 0.01611901
-0.16%
+0.02%
+4.13%
$ 1.30M
$ 1.91K
34
Scallop
Scallop
SCA
$ 0.0073
0.00%
+2.82%
-9.88%
$ 1.17M
$ 59.86K
35
TrueFi
TrueFi
TRU
$ 0.00085278
-1.45%
+0.04%
+9.29%
$ 1.07M
$ 10.66K
36
Reservoir
Reservoir
DAM
$ 0.00354526
-0.01%
-0.00%
-13.04%
$ 913.06K
$ 594.32
37
MEZO
MEZO
MEZO
$ 0.008027
+0.16%
+0.58%
-12.12%
$ 689.29K
$ 7.27M
38
Radiant Capital
Radiant Capital
RDNT
$ 0.00047128
-0.53%
-0.03%
-8.84%
$ 677.20K
$ 63.00K
39
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01395708
-0.11%
-0.01%
-15.47%
$ 567.86K
$ 87.53
40
Nostra
Nostra
NSTR
$ 0.0054636
-0.02%
-0.00%
-1.39%
$ 546.37K
$ 119.41
41
DefiTuna
DefiTuna
TUNA
$ 0.00154383
+0.15%
+0.05%
+25.44%
$ 434.59K
$ 232.42
42
Celsius Network
Celsius Network
CEL
$ 0.01129557
-0.01%
-0.01%
+3.23%
$ 403.59K
$ 240.20
43
LO0P
LO0P
LO0P
$ 0.383676
+0.75%
-0.09%
-53.39%
$ 383.60K
$ 21.71K
44
Silo Finance
Silo Finance
SILO
$ 0.00061787
0.00%
--
0.00%
$ 378.27K
$ 9.18
45
Notional Finance
Notional Finance
NOTE
$ 0.00540115
0.00%
--
-5.11%
$ 254.01K
$ 96.39
46
BendDAO
BendDAO
BEND
$ 2.819E-5
0.00%
+0.42%
+3.37%
$ 116.10K
--
47
dForce
dForce
DF
$ 0.00010061
0.00%
--
-27.89%
$ 100.60K
$ 5.58
48
Paystream
Paystream
PAYS
$ 0.03036335
0.00%
--
-0.01%
$ 97.27K
$ 1.65
49
Pixie Dust
Pixie Dust
DUST
$ 0.03315563
-0.11%
-0.00%
-17.39%
$ 92.95K
$ 1.22K
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00059359
-0.55%
+0.04%
+4.29%
$ 90.16K
$ 397.09

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.