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

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.024

0.00%

+0.10%

$ 220.29M

crvUSD

CRVUSD

$ 0.999341

+0.02%

0.00%

-0.03%

$ 220.28M

$ 17.33M

Kamino

KMNO

$ 0.03766

+1.26%

+4.85%

-5.78%

$ 217.04M

$ 1.59M

Convex Finance

CVX

$ 2.133

+0.90%

+3.29%

-2.38%

$ 212.49M

$ 39.83K

syrupUSDG

SYRUPUSDG

$ 1.013

0.00%

+0.10%

$ 208.53M

$ 504.64

Lido Earn ETH

EARNETH

$ 2,592.37

+0.42%

+0.01%

-5.64%

$ 207.89M

Coinbase Wrapped XRP

CBXRP

$ 1.4

0.00%

+0.00%

-6.04%

$ 197.54M

$ 1.25M

Instadapp

FLUID

$ 2.1742

-0.44%

+5.52%

+8.36%

$ 179.93M

$ 30.85K

WeFi

WFI

$ 2.0436

-0.72%

-0.69%

$ 176.60M

$ 192.83K

Vision

VSN

$ 0.04389

+0.50%

+0.57%

+0.66%

$ 160.98M

$ 1.45M

DEXE

$ 1.89

+0.32%

+0.27%

+2.45%

$ 157.75M

$ 40.35K

Bybit Staked SOL

BBSOL

$ 130.57

+0.08%

+0.01%

-6.86%

$ 156.64M

$ 195.65K

Frax Ether

FRXETH

$ 2,549.05

+0.86%

+0.02%

-5.09%

$ 155.47M

$ 443.52K

BUILDon

$ 0.14893

-0.09%

+1.00%

-14.26%

$ 148.81M

$ 436.08K

Orca

ORCA

$ 2.3609

+1.43%

+1.61%

+2.45%

$ 145.13M

$ 45.68K

Bedrock

$ 0.4714

-0.17%

-4.73%

+18.42%

$ 143.35M

$ 144.54K

1INCH

$ 0.09901

+0.98%

+2.06%

-5.45%

$ 141.22M

$ 620.57K

DeepBook

DEEP

$ 0.022014

+0.41%

+2.57%

-5.62%

$ 129.70M

$ 3.94M

AWE Network

AWE

$ 0.06595

+0.02%

-0.35%

+0.41%

$ 128.74M

$ 800.34K

Horizen

ZEN

$ 6.554

+0.54%

+1.94%

-5.86%

$ 120.73M

$ 16.92K

Huma Finance

HUMA

$ 0.03395

+0.09%

+5.00%

+3.24%

$ 120.68M

$ 4.32M

dYdX

DYDX

$ 0.14294

+0.91%

+2.29%

-2.83%

$ 118.88M

$ 530.42K

SoSoValue

SOSO

$ 0.3258

+0.06%

-2.16%

+7.90%

$ 111.60M

$ 325.35K

Staked Frax Ether

SFRXETH

$ 2,971.18

+0.19%

+0.01%

-5.45%

$ 111.15M

$ 2.00K

ZRX

$ 0.12739

+0.64%

-0.17%

+3.06%

$ 108.15M

$ 538.65K

Nexus Mutual

NXM

$ 65.76

+1.29%

+0.02%

-3.55%

$ 108.03M

Numeraire

NMR

$ 13.489

+0.01%

+4.63%

+17.32%

$ 106.09M

$ 7.16K

Reserve Rights

RSR

$ 0.001652

+0.61%

+3.13%

-2.95%

$ 103.03M

$ 36.35M

Kinetiq

KNTQ

$ 0.365687

-0.18%

+0.23%

+11.15%

$ 102.57M

$ 7.26M

Origin Ether

OETH

$ 2,555.95

+0.92%

+0.02%

-5.26%

$ 89.21M

$ 704.04K

GMX

$ 8.505

+0.71%

+1.33%

-2.64%

$ 88.86M

$ 7.00K

YearnFinance

YFI

$ 2,412.1

+0.53%

+0.58%

-4.72%

$ 86.96M

$ 23.40

CoW Protocol

COW

$ 0.151

+0.74%

+1.76%

-2.27%

$ 86.67M

$ 378.74K

SNX

$ 0.2459

+1.44%

+2.62%

-0.56%

$ 84.89M

$ 227.38K

VELO

$ 0.004799

0.00%

-3.39%

-19.60%

$ 83.99M

$ 10.44M

Hastra AUTO

AUTO

$ 1.023

0.00%

+0.10%

$ 80.99M

$ 404.59K

BERA

$ 0.2262

+0.98%

+2.40%

-2.04%

$ 79.01M

$ 305.08K

BULLA

$ 0.075838

+0.75%

-3.78%

-7.60%

$ 77.32M

$ 1.34M

Lista USD

LISUSD

$ 0.995978

0.00%

-0.14%

$ 75.58M

$ 2.70K

SUSHI

$ 0.2409

+0.79%

+2.94%

-2.66%

$ 69.24M

$ 367.58K

Turbo

TURBO

$ 0.001003

+0.29%

+0.53%

-2.05%

$ 69.23M

$ 81.71M

Spark

SPK

$ 0.02236

+0.68%

+2.73%

-7.84%

$ 68.49M

$ 2.58M

NOXO

$ 0.398654

-0.19%

-0.00%

-0.54%

$ 66.44M

$ 21.36K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.14

0.00%

$ 65.34M

Babylon

BABY

$ 0.013158

+0.64%

+0.38%

-1.53%

$ 64.09M

$ 4.89M

Treehouse ETH

TETH

$ 3,199.09

+0.80%

+0.02%

-5.41%

$ 61.49M

$ 1.80K

ORE

$ 121.56

+0.12%

+0.10%

+10.71%

$ 61.45M

$ 1.32M

Threshold

$ 0.005456

+0.53%

+1.28%

+0.85%

$ 60.96M

$ 10.83M

FLOW

$ 0.03515

+1.24%

+10.03%

+11.65%

$ 59.29M

$ 3.07M

100

SPACE ID

$ 0.03793

+0.27%

+1.32%

+0.67%

$ 58.35M

$ 1.53M

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

Disclaimer