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

Lido Staked ETH

STETH

$ 2,227.46

-0.09%

-0.07%

-1.24%

$ 21.64B

$ 25.84

Hyperliquid

HYPE

$ 78.33

-0.09%

+1.54%

-10.76%

$ 19.84B

$ 35.24K

Wrapped stETH

WSTETH

$ 2,783.57

-0.05%

-0.00%

-1.17%

$ 10.43B

$ 30.32M

Chainlink

LINK

$ 10.869

-0.15%

+1.75%

-7.60%

$ 7.15B

$ 50.19K

UNISWAP

UNI

$ 6.883

+0.38%

+1.56%

-2.73%

$ 4.31B

$ 40.85K

Bitway

BTW

$ 1.256491

+1.45%

+10.74%

+13.12%

$ 3.65B

$ 693.87K

Ethena

ENA

$ 0.16374

+0.43%

+2.14%

-12.44%

$ 2.23B

$ 124.11M

AaveToken

AAVE

$ 130.58

+0.21%

+1.79%

-2.50%

$ 2.02B

$ 868.07

Aster

ASTER

$ 0.6824

+0.38%

-0.67%

-2.51%

$ 1.90B

$ 1.37M

Ondo

ONDO

$ 0.37221

+0.44%

+1.79%

-8.68%

$ 1.82B

$ 567.53K

Sky Protocol

SKY

$ 0.06471

-0.26%

+1.36%

-3.80%

$ 1.52B

$ 1.24M

JUST

JST

$ 0.14279

-0.16%

+2.12%

+5.40%

$ 1.15B

$ 435.81K

MORPHO

$ 2.0969

-0.96%

+1.29%

-10.90%

$ 1.13B

$ 30.18K

Polygon Ecosystem

POL

$ 0.09303

+0.46%

+0.32%

+1.39%

$ 993.97M

$ 1.63M

Binance Staked SOL

BNSOL

$ 102.33

+0.10%

+0.01%

-5.57%

$ 977.80M

$ 586.20K

syrupUSDC

SYRUPUSDC

$ 1.19

0.00%

$ 916.54M

$ 2.54M

Injective

INJ

$ 8.361

+0.52%

+4.88%

+16.58%

$ 848.65M

$ 585.52K

Lighter

LIT

$ 3.2957

-0.11%

-1.64%

+6.77%

$ 832.60M

$ 4.83M

Jupiter

JUP

$ 0.2444

+0.33%

+1.95%

-4.73%

$ 815.24M

$ 542.94K

Jupiter Perpetuals Liquidity Provider Token

JLP

$ 4.21

0.00%

+0.00%

-2.77%

$ 785.45M

$ 4.40M

PancakeSwap

CAKE

$ 1.915

+0.10%

+0.73%

-0.47%

$ 630.58M

$ 243.58K

Aerodrome Finance

AERO

$ 0.6072

+1.04%

+1.01%

-5.49%

$ 611.96M

$ 3.02M

Ether.Fi Foundation

ETHFI

$ 0.5824

+0.65%

+9.21%

-6.81%

$ 564.15M

$ 4.46M

Pyth Network

PYTH

$ 0.06569

+0.12%

+4.43%

-1.01%

$ 519.67M

$ 6.44M

Raydium

RAY

$ 1.789

-1.13%

+6.95%

+10.00%

$ 486.20M

$ 119.01K

TIA

$ 0.4379

+0.07%

+6.81%

-7.51%

$ 436.09M

$ 1.73M

Curve

CRV

$ 0.2654

+0.95%

+5.18%

-6.47%

$ 421.07M

$ 1.29M

PayFi Strategy Token USDC

PSTUSDC

$ 1.14

0.00%

$ 380.99M

$ 8.68K

SEI

$ 0.04708

+0.64%

+3.93%

-0.70%

$ 362.89M

$ 3.11M

Staked USDai

SUSDAI

$ 1.12

0.00%

$ 360.17M

$ 3.06M

StakeWise Staked ETH

OSETH

$ 2,403.64

-0.07%

-0.00%

-1.04%

$ 358.22M

$ 1.69K

Staked Aave

STKAAVE

$ 130.37

+0.36%

+0.01%

-2.57%

$ 321.83M

$ 23.30K

tBTC

TBTC

$ 75,611

-0.12%

0.00%

-2.47%

$ 316.44M

$ 3.70M

syrupUSDG

SYRUPUSDG

$ 1.016

-0.20%

-0.00%

-0.10%

$ 314.68M

$ 64.90K

Falcon Finance

$ 0.08718

+0.06%

+1.15%

-4.07%

$ 310.11M

$ 658.63K

SUN

$ 0.015592

+0.04%

+0.59%

+2.97%

$ 299.71M

$ 4.33M

Gnosis

GNO

$ 112.51

+0.05%

-1.23%

+5.00%

$ 297.00M

$ 519.45

Pendle

PENDLE

$ 1.662

+0.24%

+0.79%

-10.13%

$ 289.94M

$ 193.77K

Lido DAO

LDO

$ 0.3293

+0.36%

+2.55%

-1.08%

$ 273.92M

$ 331.05K

Plasma

XPL

$ 0.05731

+0.74%

-1.96%

-29.29%

$ 273.81M

$ 9.73M

Olympus

OHM

$ 17.17

-0.06%

-0.00%

-9.39%

$ 256.55M

$ 118.65K

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.027

0.00%

+0.10%

$ 243.68M

Derive

DRV

$ 0.3207

0.00%

+2.10%

+0.09%

$ 236.75M

$ 206.00K

Terra Classic

LUNC

$ 0.00004125

+0.24%

+2.99%

-3.57%

$ 227.84M

$ 3.21B

Kamino

KMNO

$ 0.03459

+0.15%

+1.47%

+4.39%

$ 204.26M

$ 1.71M

Marinade Staked SOL

MSOL

$ 127.49

+0.14%

+0.01%

-5.12%

$ 203.12M

$ 877.35K

Compound

COMP

$ 20.08

+0.20%

+3.60%

-1.90%

$ 201.70M

$ 2.92K

Lido Earn ETH

EARNETH

$ 2,278.62

-0.10%

-0.00%

-1.03%

$ 201.01M

THORChain

RUNE

$ 0.5984

+1.84%

-0.53%

-8.17%

$ 197.17M

$ 761.59K

Instadapp

FLUID

$ 2.3242

-0.11%

-2.90%

+29.42%

$ 194.53M

$ 7.57K

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

Disclaimer