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
$ 92.45
+0.71%
-0.40%
-5.44%
$ 1.42B
$ 2.12K
2
MORPHO
MORPHO
MORPHO
$ 1.9209
+0.19%
-1.61%
-2.64%
$ 963.88M
$ 46.37K
3
Olympus
Olympus
OHM
$ 18.66
+0.38%
+0.00%
-0.53%
$ 278.72M
$ 82.83K
4
Maple Finance
Maple Finance
SYRUP
$ 0.15408
+0.13%
-1.10%
-8.87%
$ 182.64M
$ 417.51K
5
Compound
Compound
COMP
$ 16.4
0.00%
-0.85%
-0.49%
$ 164.00M
$ 3.29K
6
Kamino
Kamino
KMNO
$ 0.018
+0.22%
-0.61%
-0.33%
$ 87.34M
$ 3.11M
7
Quantix Finance
Quantix Finance
QFI
$ 58.841
+0.13%
-0.01%
-0.43%
$ 58.70M
$ 8.95K
8
Venus
Venus
XVS
$ 2.7656
+0.78%
+1.35%
+1.81%
$ 45.44M
$ 22.01K
9
Spark
Spark
SPK
$ 0.01555
+0.46%
-3.26%
-3.56%
$ 43.17M
$ 3.58M
10
Zest Protocol
Zest Protocol
ZEST
$ 0.24363
-0.34%
-2.91%
-0.80%
$ 36.00M
$ 751.30K
11
Euler Finance
Euler Finance
EUL
$ 1.4178
+0.17%
-3.81%
-14.69%
$ 34.02M
$ 67.40K
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002836
+0.04%
-1.61%
-8.21%
$ 28.15M
$ 3.10T
13
deBridge
deBridge
DBR
$ 0.01387
-0.14%
-0.29%
+0.36%
$ 26.68M
$ 3.79M
14
CoinDepo
CoinDepo
COINDEPO
$ 0.10488
-0.29%
+2.78%
+3.35%
$ 26.24M
$ 2.88M
15
Lista DAO
Lista DAO
LISTA
$ 0.05127
+0.86%
+2.27%
+11.63%
$ 21.21M
$ 1.20M
16
Yei Finance
Yei Finance
CLO
$ 0.13762
-1.46%
+13.41%
+20.92%
$ 18.29M
$ 1.35M
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.855
-1.09%
-5.79%
+1.57%
$ 15.17M
$ 174.08K
18
Moonwell
Moonwell
WELL
$ 0.00291997
+0.58%
-0.03%
-4.79%
$ 13.23M
$ 811.90K
19
Dolomite
Dolomite
DOLO
$ 0.02133
+0.52%
-1.16%
-1.34%
$ 9.40M
$ 2.46M
20
BENQI
BENQI
BENQI
$ 0.001248
+0.24%
-0.95%
+8.33%
$ 8.99M
$ 45.75M
21
Wise
Wise
WISE
$ 0.10063
+0.14%
-0.00%
-1.50%
$ 8.71M
$ 4.08K
22
Abelian
Abelian
ABEL
$ 0.06763
+0.10%
-1.25%
-3.43%
$ 7.93M
$ 131.77K
23
Xauras
Xauras
XRS
$ 0.02976581
0.00%
0.00%
-0.03%
$ 6.65M
$ 15.39K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007628
+0.24%
-6.99%
-6.50%
$ 6.23M
$ 7.70M
25
HyperLend
HyperLend
HPL
$ 0.01176606
-0.21%
+0.00%
-9.47%
$ 4.69M
$ 6.66K
26
Suilend
Suilend
SEND
$ 0.050373
-0.12%
-0.02%
-2.23%
$ 3.69M
$ 2.99K
27
Gearbox
Gearbox
GEAR
$ 0.00034906
+0.36%
+0.00%
-13.97%
$ 3.49M
$ 19.19
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.17055
0.00%
-0.08%
+8.23%
$ 3.46M
$ 5.93K
29
Goldfinch
Goldfinch
GFI
$ 0.0306
+0.49%
-1.19%
-12.55%
$ 2.69M
$ 1.77M
30
Avalon
Avalon
AVL
$ 0.01623
-1.33%
-1.51%
-16.19%
$ 2.63M
$ 3.43M
31
Nest
Nest
NEST
$ 0.00403868
+0.08%
-0.07%
-12.63%
$ 1.94M
$ 24.91K
32
Blend
Blend
BLND
$ 0.04147635
-0.16%
-0.00%
-0.78%
$ 1.46M
$ 365.44
33
Scallop
Scallop
SCA
$ 0.0075
0.00%
-2.53%
0.00%
$ 1.24M
$ 33.96K
34
TrueFi
TrueFi
TRU
$ 0.00097362
+3.70%
-0.23%
+24.82%
$ 1.22M
$ 204.56K
35
Hatom
Hatom
HTM
$ 0.0150615
+1.11%
-0.03%
-2.97%
$ 1.22M
$ 2.22K
36
Reservoir
Reservoir
DAM
$ 0.00333931
-0.32%
-0.16%
-5.64%
$ 860.15K
$ 2.65K
37
Radiant Capital
Radiant Capital
RDNT
$ 0.00049187
+2.13%
+0.00%
-8.56%
$ 706.78K
$ 68.22K
38
MEZO
MEZO
MEZO
$ 0.007985
0.00%
-8.30%
-17.08%
$ 686.54K
$ 6.62M
39
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01415358
0.00%
-0.13%
-18.52%
$ 575.81K
$ 1.74K
40
Nostra
Nostra
NSTR
$ 0.00548333
0.00%
-0.00%
-1.45%
$ 548.33K
$ 119.93
41
LO0P
LO0P
LO0P
$ 0.431578
-0.37%
-0.23%
+111.05%
$ 431.57K
$ 52.20K
42
Celsius Network
Celsius Network
CEL
$ 0.01171786
-0.02%
+0.05%
+1.64%
$ 418.55K
$ 367.95
43
Silo Finance
Silo Finance
SILO
$ 0.00061787
0.00%
--
0.00%
$ 378.27K
$ 9.18
44
DefiTuna
DefiTuna
TUNA
$ 0.00123905
-0.03%
0.00%
+6.62%
$ 348.79K
$ 68.95
45
Notional Finance
Notional Finance
NOTE
$ 0.00540115
0.00%
--
-5.89%
$ 254.01K
$ 96.39
46
BendDAO
BendDAO
BEND
$ 2.727E-5
0.00%
0.00%
0.00%
$ 112.33K
--
47
Pixie Dust
Pixie Dust
DUST
$ 0.03474268
+0.54%
+0.01%
-24.84%
$ 100.27K
$ 6.08K
48
dForce
dForce
DF
$ 9.993E-5
-0.03%
+0.14%
-30.86%
$ 99.92K
--
49
Paystream
Paystream
PAYS
$ 0.03037044
0.00%
0.00%
-0.02%
$ 97.29K
$ 0.34
50
Pike Finance
Pike Finance
P
$ 0.0003783
-0.01%
-0.00%
-0.88%
$ 87.04K
$ 20.19

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.