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
$ 86.06
+0.19%
-0.88%
-2.63%
$ 1.32B
$ 1.83K
2
MORPHO
MORPHO
MORPHO
$ 2.1646
-1.54%
-6.24%
+20.56%
$ 1.05B
$ 67.64K
3
Olympus
Olympus
OHM
$ 18.68
-0.05%
-0.55%
-0.74%
$ 279.16M
$ 57.83K
4
Maple Finance
Maple Finance
SYRUP
$ 0.19736
+0.08%
+1.14%
-7.05%
$ 234.22M
$ 408.52K
5
Compound
Compound
COMP
$ 19.08
-0.16%
-6.80%
-17.03%
$ 188.55M
$ 5.19K
6
Kamino
Kamino
KMNO
$ 0.0199
+0.71%
-0.75%
-0.65%
$ 93.11M
$ 2.86M
7
Mustang
Mustang
MUST
$ 0.503016
0.00%
0.00%
0.00%
$ 77.65M
$ 5.62
8
Spark
Spark
SPK
$ 0.02641
-0.38%
-3.76%
-5.19%
$ 71.96M
$ 2.05M
9
Quantix Finance
Quantix Finance
QFI
$ 58.373
-0.80%
-3.64%
-3.72%
$ 58.58M
$ 7.08K
10
Venus
Venus
XVS
$ 2.7
-0.01%
-0.23%
-4.19%
$ 44.00M
$ 22.01K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003689
0.00%
-0.35%
-1.55%
$ 36.81M
$ 2.39T
12
Lista DAO
Lista DAO
LISTA
$ 0.07525
+0.13%
-1.59%
-4.55%
$ 30.56M
$ 798.46K
13
Euler Finance
Euler Finance
EUL
$ 1.2115
-0.20%
-3.17%
-9.89%
$ 29.13M
$ 46.36K
14
deBridge
deBridge
DBR
$ 0.01414
-0.07%
+2.99%
-0.77%
$ 27.14M
$ 4.01M
15
Zest Protocol
Zest Protocol
ZEST
$ 0.17933
+4.21%
+4.34%
+16.22%
$ 26.21M
$ 3.82M
16
Moonwell
Moonwell
WELL
$ 0.00441007
-0.14%
-1.00%
+10.40%
$ 19.92M
$ 1.86M
17
CoinDepo
CoinDepo
COINDEPO
$ 0.0759
+0.03%
+1.81%
+2.50%
$ 19.00M
$ 1.84M
18
Dolomite
Dolomite
DOLO
$ 0.03181
+0.89%
+3.77%
-1.46%
$ 13.98M
$ 1.93M
19
Goldfinch
Goldfinch
GFI
$ 0.1411
-0.07%
0.00%
-1.33%
$ 12.34M
$ 479.31K
20
BENQI
BENQI
QI
$ 0.00148453
+0.04%
-3.37%
-4.48%
$ 10.69M
$ 2.72M
21
Yei Finance
Yei Finance
CLO
$ 0.07019
-0.56%
+5.20%
+16.11%
$ 9.01M
$ 1.72M
22
Abelian
Abelian
ABEL
$ 0.07107
+0.04%
-1.85%
-6.27%
$ 8.30M
$ 176.85K
23
EVAA Protocol
EVAA Protocol
EVAA
$ 0.4589
+0.53%
-1.32%
+1.79%
$ 8.13M
$ 232.93K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.009797
-0.29%
-3.40%
-13.87%
$ 7.88M
$ 5.74M
25
Avalon
Avalon
AVL
$ 0.03609
+2.22%
-12.56%
+22.63%
$ 5.82M
$ 1.50M
26
Suilend
Suilend
SEND
$ 0.06803
+0.06%
-1.41%
-10.23%
$ 4.73M
$ 737.80K
27
HyperLend
HyperLend
HPL
$ 0.01150882
-0.22%
-8.19%
-11.18%
$ 4.41M
$ 10.09K
28
Gearbox
Gearbox
GEAR
$ 0.0004173
-0.02%
-6.05%
+4.77%
$ 4.17M
$ 13.50K
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.175542
+0.07%
-4.22%
-5.94%
$ 3.56M
$ 3.74K
30
Scallop
Scallop
SCA
$ 0.0199
0.00%
0.00%
+2.58%
$ 3.15M
$ 54.98K
31
Wise
Wise
WISE
$ 0.114477
-0.71%
+0.45%
-2.18%
$ 2.65M
$ 6.42K
32
Reservoir
Reservoir
DAM
$ 0.012423
+0.35%
+1.83%
-0.65%
$ 2.49M
$ 5.69M
33
Radiant
Radiant
RDNT
$ 0.001621
+0.62%
+1.44%
+0.50%
$ 2.32M
$ 52.53M
34
Blend
Blend
BLND
$ 0.0487096
0.00%
-0.41%
-0.93%
$ 1.72M
$ 2.58K
35
TrueFi
TrueFi
TRU
$ 0.00106455
-1.13%
-2.08%
-12.27%
$ 1.34M
$ 34.21K
36
DefiTuna
DefiTuna
TUNA
$ 0.00351362
-0.22%
-6.39%
-13.10%
$ 989.08K
$ 4.62K
37
Nostra
Nostra
NSTR
$ 0.00665002
0.00%
+0.57%
+0.22%
$ 665.00K
$ 33.39
38
Pixie Dust
Pixie Dust
DUST
$ 0.431534
-0.07%
-6.25%
-9.78%
$ 618.50K
$ 25.13K
39
Celsius Network
Celsius Network
CEL
$ 0.01626854
-0.01%
+0.74%
-6.01%
$ 581.04K
$ 1.46K
40
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01378794
0.00%
+0.26%
+48.59%
$ 560.19K
$ 943.93
41
Silo Finance
Silo Finance
SILO
$ 0.00072631
-0.32%
+15.67%
+22.23%
$ 444.65K
$ 58.09
42
Paystream
Paystream
PAYS
$ 0.04489928
+0.01%
-0.18%
-0.18%
$ 398.14K
$ 107.68
43
dForce
dForce
DF
$ 0.00038018
-0.10%
-1.05%
+16.83%
$ 380.15K
$ 39.10
44
Notional Finance
Notional Finance
NOTE
$ 0.00749019
0.00%
0.00%
-3.26%
$ 352.25K
$ 13.30
45
Hatom
Hatom
HTM
$ 0.01544
-0.32%
-0.90%
-4.54%
$ 255.68K
$ 3.43M
46
BendDAO
BendDAO
BEND
$ 3.944E-5
0.00%
-0.64%
-1.03%
$ 161.86K
--
47
Neptune
Neptune
NEPT
$ 0.03541335
+1.22%
+2.75%
+2.39%
$ 136.38K
$ 264.02
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00077909
-0.15%
+6.49%
+21.56%
$ 118.16K
$ 1.68K
49
Pike Finance
Pike Finance
P
$ 0.00045161
0.00%
0.00%
-0.79%
$ 103.91K
$ 6.94
50
Mendi Finance
Mendi Finance
MENDI
$ 0.0004011
+0.01%
+1.18%
+1.84%
$ 22.21K
$ 67.97

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.