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

Coinbase Wrapped XRP

CBXRP

$ 1.31

0.00%

+0.03%

+3.97%

$ 199.11M

$ 3.61M

Zebec Network

ZBCN

$ 0.0019694

-0.20%

+1.51%

-4.38%

$ 197.34M

$ 112.59M

JITO

JTO

$ 0.3622

-0.99%

+2.41%

-3.86%

$ 195.20M

$ 226.06K

Maple Finance

SYRUP

$ 0.16109

+0.16%

+1.27%

+7.30%

$ 192.34M

$ 374.78K

Convex Finance

CVX

$ 1.924

-1.03%

+0.47%

+2.41%

$ 191.47M

$ 30.05K

MIOTAC

IOTA

$ 0.0405

-1.29%

+1.56%

+4.98%

$ 191.11M

$ 1.77M

WeFi

WFI

$ 2.0215

-0.15%

-0.38%

+0.19%

$ 175.58M

$ 279.69K

Ethena Staked ENA

SENA

$ 0.182467

-1.48%

+0.03%

-5.09%

$ 171.50M

$ 357.11K

crvUSD

CRVUSD

$ 0.998759

+0.02%

0.00%

+0.04%

$ 155.62M

$ 25.36M

Kinetiq Governance

KNTQ

$ 0.4582

-1.74%

-7.58%

-9.52%

$ 145.78M

$ 169.47K

Frax Ether

FRXETH

$ 2,418.06

-0.19%

+0.06%

+8.05%

$ 145.14M

$ 352.39K

Bedrock

$ 0.4708

+0.71%

+1.40%

-0.80%

$ 142.05M

$ 131.31K

Bybit Staked SOL

BBSOL

$ 113.01

-0.48%

+0.04%

-1.66%

$ 141.65M

$ 432.70K

BUILDon

$ 0.13179

-0.84%

+2.64%

+10.28%

$ 131.75M

$ 530.15K

Vision

VSN

$ 0.0359

+0.14%

+0.59%

-4.33%

$ 131.39M

$ 1.67M

Yellow

YELLOW

$ 0.143621

-0.76%

+0.08%

+7.61%

$ 131.14M

$ 4.88M

AWE Network

AWE

$ 0.06597

-0.53%

+2.23%

-6.85%

$ 128.34M

$ 869.98K

Magma Finance

MAGMA

$ 0.38872

-0.24%

+2.03%

+15.30%

$ 119.92M

$ 196.02K

1INCH

$ 0.08387

-0.46%

+2.55%

+5.31%

$ 119.45M

$ 670.40K

DEXE

$ 1.395

-0.64%

-5.04%

$ 116.72M

$ 43.75K

SoSoValue

SOSO

$ 0.3207

0.00%

+2.46%

+6.47%

$ 109.68M

$ 311.93K

Hastra AUTO

AUTO

$ 1.031

0.00%

+0.19%

$ 106.23M

$ 96.44K

Staked Frax Ether

SFRXETH

$ 2,842.57

0.00%

+0.06%

+7.70%

$ 103.59M

$ 4.16K

Horizen

ZEN

$ 5.439

-0.55%

+3.05%

+0.22%

$ 100.40M

$ 23.13K

Nexus Mutual

NXM

$ 61.62

-0.18%

+0.05%

+6.90%

$ 95.50M

Reserve Rights

RSR

$ 0.001517

-0.39%

+5.54%

+15.11%

$ 95.33M

$ 47.19M

DeepBook

DEEP

$ 0.015788

-0.72%

-0.14%

-0.37%

$ 94.98M

$ 3.86M

GMX

$ 8.854

-0.57%

+1.41%

+10.07%

$ 94.83M

$ 6.93K

dYdX

DYDX

$ 0.10465

-0.53%

+0.26%

-0.55%

$ 88.23M

$ 814.52K

Orca

ORCA

$ 1.4423

-0.13%

+0.10%

-11.83%

$ 87.55M

$ 43.27K

Origin Ether

OETH

$ 2,422.86

-0.13%

+0.06%

+7.70%

$ 84.35M

$ 120.79K

ZRX

$ 0.09818

-0.76%

+1.49%

+6.54%

$ 83.35M

$ 578.11K

ORE

$ 149.26

+0.07%

+0.17%

$ 77.51M

$ 1.56M

Lista USD

LISUSD

$ 0.997418

+0.01%

+0.00%

+0.12%

$ 74.11M

$ 61.51K

Numeraire

NMR

$ 9.569

-0.49%

-0.01%

+5.03%

$ 73.06M

$ 6.61K

YearnFinance

YFI

$ 2,030.6

-0.77%

+0.33%

+14.00%

$ 73.06M

$ 27.88

BULLA

$ 0.068716

-1.14%

-7.69%

-5.04%

$ 69.28M

$ 4.91M

CoW Protocol

COW

$ 0.1189

-0.25%

+0.34%

+8.89%

$ 68.34M

$ 540.06K

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.15

0.00%

$ 67.20M

VELO

$ 0.003664

-1.16%

+9.91%

+6.72%

$ 64.48M

$ 19.00M

Babylon

BABY

$ 0.01221

-0.44%

+4.59%

-1.41%

$ 63.22M

$ 4.62M

SNX

$ 0.1768

-0.56%

-0.90%

-3.33%

$ 60.94M

$ 352.65K

Amp

AMP

$ 0.000678

-0.95%

-0.87%

+7.56%

$ 60.67M

$ 91.39M

Huma Finance

HUMA

$ 0.0164

-0.35%

-11.89%

-40.98%

$ 60.39M

$ 18.23M

Treehouse ETH

TETH

$ 3,039.96

-0.18%

+0.06%

+7.53%

$ 60.01M

$ 389.71

Lido EarnUSD

EARNUSD

$ 1.039

0.00%

+0.10%

$ 58.70M

NOXO

$ 0.339117

-0.03%

-0.01%

-18.02%

$ 56.52M

$ 24.51K

SUSHI

$ 0.1925

-0.62%

-0.47%

+0.94%

$ 55.22M

$ 510.44K

Spark

SPK

$ 0.01708

-0.75%

+3.37%

+0.12%

$ 52.95M

$ 3.57M

100

Turbo

TURBO

$ 0.0007614

-0.38%

-1.27%

-0.60%

$ 52.43M

$ 110.84M

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

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