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
$ 65.31
-0.11%
-1.31%
+1.89%
$ 1.01B
$ 2.72K
2
MORPHO
MORPHO
MORPHO
$ 1.9373
+0.27%
+0.13%
+7.95%
$ 978.79M
$ 35.04K
3
Olympus
Olympus
OHM
$ 16.2
-0.06%
-2.13%
-5.59%
$ 242.66M
$ 9.30K
4
Compound
Compound
COMP
$ 17.31
+0.06%
-1.25%
-1.64%
$ 173.47M
$ 4.77K
5
Maple Finance
Maple Finance
SYRUP
$ 0.13267
+0.36%
+2.13%
-0.05%
$ 158.31M
$ 455.18K
6
Kamino
Kamino
KMNO
$ 0.01728
+0.29%
-3.52%
+12.58%
$ 84.74M
$ 3.34M
7
Spark
Spark
SPK
$ 0.01936
+1.14%
-0.36%
-1.66%
$ 54.81M
$ 2.90M
8
Quantix Finance
Quantix Finance
QFI
$ 54.535
-0.36%
-1.29%
+1.20%
$ 54.59M
$ 9.51K
9
Venus
Venus
XVS
$ 2.4605
-0.55%
+1.04%
+1.13%
$ 40.54M
$ 22.11K
10
Zest Protocol
Zest Protocol
ZEST
$ 0.27024
+0.02%
-0.07%
+0.47%
$ 39.84M
$ 403.78K
11
deBridge
deBridge
DBR
$ 0.01587
+0.13%
+2.06%
+7.39%
$ 30.49M
$ 3.32M
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002973
0.00%
-1.95%
-3.00%
$ 29.69M
$ 2.61T
13
Euler Finance
Euler Finance
EUL
$ 0.9871
+2.17%
+10.33%
+11.14%
$ 24.21M
$ 65.74K
14
Yei Finance
Yei Finance
CLO
$ 0.18948
+4.45%
+35.82%
+25.62%
$ 24.17M
$ 2.43M
15
Lista DAO
Lista DAO
LISTA
$ 0.05064
-0.12%
-1.39%
-5.49%
$ 20.93M
$ 1.11M
16
CoinDepo
CoinDepo
COINDEPO
$ 0.07739
+0.03%
+0.27%
+1.96%
$ 19.37M
$ 1.35M
17
Moonwell
Moonwell
WELL
$ 0.00354852
+0.25%
-2.07%
-3.47%
$ 16.02M
$ 1.77M
18
Dolomite
Dolomite
DOLO
$ 0.02405
0.00%
-2.85%
+2.85%
$ 10.70M
$ 2.35M
19
EVAA Protocol
EVAA Protocol
EVAA
$ 0.6046
+2.78%
+47.08%
+59.26%
$ 10.44M
$ 519.01K
20
BENQI
BENQI
QI
$ 0.00134471
-0.04%
-2.55%
-2.64%
$ 9.68M
$ 407.40K
21
Abelian
Abelian
ABEL
$ 0.0775
-0.10%
-0.50%
+10.96%
$ 9.15M
$ 124.47K
22
Goldfinch
Goldfinch
GFI
$ 0.08158
-0.23%
-8.53%
-27.69%
$ 7.07M
$ 938.47K
23
NAVI Protocol
NAVI Protocol
NAVX
$ 0.006937
+0.29%
-2.93%
+5.20%
$ 5.70M
$ 7.90M
24
HyperLend
HyperLend
HPL
$ 0.01265538
+0.29%
-1.23%
-3.29%
$ 4.87M
$ 1.44K
25
Avalon
Avalon
AVL
$ 0.02708
-1.29%
-2.13%
-4.31%
$ 4.45M
$ 1.88M
26
Gearbox
Gearbox
GEAR
$ 0.00040328
+0.07%
+3.39%
+15.00%
$ 4.03M
$ 1.07K
27
Suilend
Suilend
SEND
$ 0.05194
+0.08%
-2.26%
+4.28%
$ 3.66M
$ 987.44K
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.15304
+0.03%
-3.70%
+5.97%
$ 3.11M
$ 646.16
29
Reservoir
Reservoir
DAM
$ 0.010267
-0.86%
-8.49%
+5.27%
$ 2.06M
$ 5.18M
30
Scallop
Scallop
SCA
$ 0.0121
0.00%
-3.20%
-10.37%
$ 1.94M
$ 29.75K
31
Wise
Wise
WISE
$ 0.087546
-0.02%
+1.30%
-9.50%
$ 1.92M
$ 27.60K
32
Blend
Blend
BLND
$ 0.050896
-0.07%
+0.75%
+2.06%
$ 1.79M
$ 28.17K
33
MEZO
MEZO
MEZO
$ 0.01521
+0.13%
+0.93%
-6.40%
$ 1.31M
$ 3.61M
34
Hatom
Hatom
HTM
$ 0.01329554
-0.01%
-3.30%
-5.77%
$ 1.05M
$ 1.14K
35
TrueFi
TrueFi
TRU
$ 0.00076165
-0.10%
-1.48%
+11.82%
$ 957.41K
$ 84.48K
36
Pixie Dust
Pixie Dust
DUST
$ 0.380707
-1.26%
+1.20%
+0.08%
$ 720.71K
$ 32.85K
37
Nostra
Nostra
NSTR
$ 0.0054241
-0.01%
-0.63%
-2.87%
$ 542.40K
$ 7.22
38
Radiant Capital
Radiant Capital
RDNT
$ 0.00036918
-0.37%
-4.94%
-44.71%
$ 477.06K
$ 149.72K
39
Celsius Network
Celsius Network
CEL
$ 0.01321917
-0.40%
-4.70%
-11.67%
$ 472.18K
$ 59.51
40
DefiTuna
DefiTuna
TUNA
$ 0.00167957
+3.03%
+7.13%
+49.41%
$ 462.68K
$ 5.66K
41
dForce
dForce
DF
$ 0.00037491
0.00%
0.00%
+0.50%
$ 374.88K
$ 9.65
42
Notional Finance
Notional Finance
NOTE
$ 0.00629937
0.00%
+0.11%
+7.11%
$ 296.25K
$ 10.28
43
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00723121
+0.02%
-0.50%
-9.14%
$ 294.20K
$ 3.75K
44
LO0P
LO0P
LO0P
$ 0.250077
+0.29%
+1.56%
+2.36%
$ 250.14K
$ 3.80K
45
Paystream
Paystream
PAYS
$ 0.0447932
0.00%
-0.00%
-0.06%
$ 184.00K
$ 100.58
46
Neptune
Neptune
NEPT
$ 0.03897139
+0.09%
-0.45%
-7.41%
$ 149.39K
$ 132.78
47
BendDAO
BendDAO
BEND
$ 2.961E-5
0.00%
-0.96%
-2.18%
$ 121.61K
--
48
Silo Finance
Silo Finance
SILO
$ 0.00017232
0.00%
+0.76%
-59.48%
$ 105.51K
$ 30.72
49
Pike Finance
Pike Finance
P
$ 0.00039884
-0.01%
-0.22%
-1.60%
$ 91.77K
$ 1.33
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00058231
+0.65%
-3.57%
-24.67%
$ 88.32K
$ 5.81K

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.