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
1
Hyperliquid
Hyperliquid
HYPE
$ 71.6
+0.56%
+2.12%
+7.00%
$ 18.10B
$ 19.65K
2
Lido Staked ETH
Lido Staked ETH
STETH
$ 1,804.13
+0.94%
+0.91%
+11.46%
$ 16.13B
$ 31.53
3
Wrapped stETH
Wrapped stETH
WSTETH
$ 2,218.78
+0.67%
+0.00%
+11.17%
$ 8.38B
$ 1.44M
4
Chainlink
Chainlink
LINK
$ 8.132
+0.88%
+1.14%
+9.71%
$ 5.32B
$ 55.01K
5
LAB
LAB
LAB
$ 16.99271
+0.50%
+10.31%
+13.26%
$ 5.28B
$ 216.74K
6
DEXE
DEXE
DEXE
$ 24.053
-0.27%
+3.40%
+3.40%
$ 2.01B
$ 5.44K
7
UNISWAP
UNISWAP
UNI
$ 3.207
+0.73%
-1.03%
+9.77%
$ 1.98B
$ 40.40K
8
Aster
Aster
ASTER
$ 0.6479
+0.31%
+0.68%
+3.26%
$ 1.74B
$ 791.51K
9
Ondo
Ondo
ONDO
$ 0.33661
+0.66%
-0.45%
+5.48%
$ 1.63B
$ 656.98K
10
AaveToken
AaveToken
AAVE
$ 89.59
+0.51%
+0.90%
-2.30%
$ 1.38B
$ 2.54K
11
syrupUSDC
syrupUSDC
SYRUPUSDC
$ 1.17
0.00%
0.00%
0.00%
$ 1.35B
$ 1.39M
12
Sky Protocol
Sky Protocol
SKY
$ 0.05674
+0.14%
-0.21%
+7.00%
$ 1.31B
$ 973.50K
13
MORPHO
MORPHO
MORPHO
$ 1.9373
+0.26%
-1.68%
+2.66%
$ 965.58M
$ 59.56K
14
Jupiter Perpetuals Liquidity Provider Token
Jupiter Perpetuals Liquidity Provider Token
JLP
$ 3.74
+0.81%
+0.00%
+6.55%
$ 844.84M
$ 3.02M
15
Binance Staked SOL
Binance Staked SOL
BNSOL
$ 91.73
+0.19%
0.00%
+9.62%
$ 826.02M
$ 438.29K
16
Jupiter
Jupiter
JUP
$ 0.246
+0.16%
+4.11%
+12.76%
$ 815.47M
$ 1.33M
17
Polygon Ecosystem
Polygon Ecosystem
POL
$ 0.0745
+0.23%
+0.60%
+4.91%
$ 790.96M
$ 1.68M
18
JUST
JUST
JST
$ 0.09188
-0.15%
+1.59%
+5.32%
$ 786.97M
$ 760.56K
19
Ethena
Ethena
ENA
$ 0.0807
+0.27%
+1.89%
+1.81%
$ 746.47M
$ 5.04M
20
Lighter
Lighter
LIT
$ 2.4865
+2.16%
+11.47%
+33.15%
$ 619.73M
$ 214.68K
21
Aerodrome Finance
Aerodrome Finance
AERO
$ 0.5748
+1.03%
-2.35%
+24.44%
$ 542.71M
$ 335.00K
22
PancakeSwap
PancakeSwap
CAKE
$ 1.478
+0.89%
+6.03%
+10.48%
$ 519.35M
$ 812.46K
23
Injective
Injective
INJ
$ 4.797
+1.12%
-0.62%
+1.63%
$ 479.66M
$ 205.29K
24
Ether.Fi Foundation
Ether.Fi Foundation
ETHFI
$ 0.4222
-1.13%
+1.94%
+25.15%
$ 370.76M
$ 8.23M
25
TIA
TIA
TIA
$ 0.4004
-0.30%
+1.58%
+2.51%
$ 367.61M
$ 1.54M
26
SEI
SEI
SEI
$ 0.05011
+0.30%
-0.40%
-0.10%
$ 360.24M
$ 1.53M
27
JITO
JITO
JTO
$ 0.7329
+0.90%
+0.36%
-1.04%
$ 352.97M
$ 149.77K
28
SUN
SUN
SUN
$ 0.017849
-0.26%
+4.74%
+6.22%
$ 343.07M
$ 14.12M
29
Terra Classic
Terra Classic
LUNC
$ 0.00006225
+0.24%
-2.21%
+1.64%
$ 341.94M
$ 2.82B
30
Curve
Curve
CRV
$ 0.2151
+0.09%
+0.38%
+10.16%
$ 322.45M
$ 1.27M
31
Pyth Network
Pyth Network
PYTH
$ 0.04049
+0.12%
+5.42%
+11.59%
$ 316.89M
$ 16.92M
32
tBTC
tBTC
TBTC
$ 63,092
+0.33%
-0.00%
+5.15%
$ 316.66M
$ 996.69K
33
Staked USDai
Staked USDai
SUSDAI
$ 1.095
0.00%
0.00%
+0.18%
$ 298.11M
$ 411.69K
34
Gnosis
Gnosis
GNO
$ 105.95
+0.19%
+0.16%
-2.46%
$ 278.79M
$ 538.90
35
StakeWise Staked ETH
StakeWise Staked ETH
OSETH
$ 1,893.44
0.00%
-0.00%
+10.25%
$ 257.20M
$ 125.02K
36
Olympus
Olympus
OHM
$ 17.02
-0.12%
0.00%
+7.93%
$ 254.42M
$ 138.14K
37
ETHGAS
ETHGAS
GWEI
$ 0.14477
+2.22%
+5.78%
-13.18%
$ 252.11M
$ 166.58K
38
Pendle
Pendle
PENDLE
$ 1.429
+0.50%
-3.07%
+4.95%
$ 242.64M
$ 339.95K
39
Lido DAO
Lido DAO
LDO
$ 0.2771
+0.44%
+1.69%
+9.25%
$ 232.88M
$ 490.39K
40
Velvet
Velvet
VELVET
$ 0.5346
-0.40%
+2.67%
-66.50%
$ 227.38M
$ 3.04M
41
Zebec Network
Zebec Network
ZBCN
$ 0.0022298
-0.90%
-3.36%
-2.27%
$ 221.31M
$ 79.62M
42
Telcoin
Telcoin
TEL
$ 0.0023
+0.13%
-2.61%
-3.03%
$ 218.66M
$ 37.41M
43
B
B
B
$ 0.21156
-0.20%
-0.54%
-2.83%
$ 211.16M
$ 402.30K
44
Maple Finance
Maple Finance
SYRUP
$ 0.16812
-0.18%
+5.04%
+17.08%
$ 200.89M
$ 424.73K
45
Marinade Staked SOL
Marinade Staked SOL
MSOL
$ 114.26
+0.90%
+0.00%
+9.82%
$ 198.01M
$ 410.84K
46
Staked Aave
Staked Aave
STKAAVE
$ 88.22
+0.01%
-0.00%
-3.44%
$ 197.76M
$ 182.17
47
Plasma
Plasma
XPL
$ 0.10859
+0.12%
+1.98%
+3.19%
$ 196.04M
$ 7.99M
48
Raydium
Raydium
RAY
$ 0.7326
+0.46%
+0.84%
+14.89%
$ 194.94M
$ 86.49K
49
crvUSD
crvUSD
CRVUSD
$ 0.999214
-0.01%
0.00%
+0.03%
$ 187.59M
$ 5.12M
50
PayFi Strategy Token USDC
PayFi Strategy Token USDC
PSTUSDC
$ 1.12
0.00%
0.00%
+0.90%
$ 186.88M
$ 46.09K

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.

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.