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
$ 102.47
-0.02%
+1.18%
+8.47%
$ 1.58B
$ 9.25K
2
MORPHO
MORPHO
MORPHO
$ 2.13
-0.06%
-1.21%
-0.48%
$ 1.04B
$ 39.50K
3
Maple Finance
Maple Finance
SYRUP
$ 0.25426
+0.28%
-1.86%
+3.45%
$ 301.82M
$ 271.81K
4
Olympus
Olympus
OHM
$ 19.1
-0.05%
-0.93%
-1.14%
$ 286.25M
$ 154.12K
5
Compound
Compound
COMP
$ 24.01
-0.13%
+2.92%
+1.96%
$ 238.93M
$ 3.16K
6
Kamino
Kamino
KMNO
$ 0.02619
+1.24%
+5.06%
+15.29%
$ 119.69M
$ 2.63M
7
Spark
Spark
SPK
$ 0.03349
-0.27%
-11.79%
-5.48%
$ 90.37M
$ 2.89M
8
Mustang
Mustang
MUST
$ 0.499553
0.00%
0.00%
0.00%
$ 77.11M
$ 50.22
9
Quantix Finance
Quantix Finance
QFI
$ 60.493
+1.10%
-0.94%
-1.22%
$ 60.19M
$ 4.01K
10
Venus
Venus
XVS
$ 2.8228
-0.43%
-2.06%
+5.60%
$ 46.00M
$ 19.29K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000004163
-0.24%
+1.91%
+4.63%
$ 41.56M
$ 2.24T
12
Euler Finance
Euler Finance
EUL
$ 1.5447
+1.01%
+3.33%
+8.88%
$ 36.45M
$ 52.99K
13
Lista DAO
Lista DAO
LISTA
$ 0.09233
-0.18%
-0.55%
+3.22%
$ 33.61M
$ 670.74K
14
deBridge
deBridge
DBR
$ 0.01393
+0.29%
-1.49%
+1.98%
$ 26.75M
$ 4.05M
15
Moonwell
Moonwell
WELL
$ 0.00465656
-1.21%
-3.26%
+7.87%
$ 21.13M
$ 3.27M
16
CoinDepo
CoinDepo
COINDEPO
$ 0.07333
+0.26%
+0.65%
+0.10%
$ 18.36M
$ 189.18K
17
Goldfinch
Goldfinch
GFI
$ 0.1891
-0.95%
-0.16%
-1.52%
$ 16.39M
$ 376.83K
18
Dolomite
Dolomite
DOLO
$ 0.03669
-0.03%
-1.72%
+11.19%
$ 16.15M
$ 2.13M
19
BENQI
BENQI
QI
$ 0.00191225
-0.17%
-1.62%
+4.22%
$ 13.77M
$ 546.96K
20
Yei Finance
Yei Finance
CLO
$ 0.10612
-0.55%
-10.36%
-14.60%
$ 13.45M
$ 1.04M
21
EVAA Protocol
EVAA Protocol
EVAA
$ 0.612
-1.34%
-7.60%
-19.50%
$ 10.77M
$ 388.34K
22
NAVI Protocol
NAVI Protocol
NAVX
$ 0.012796
+1.48%
-7.21%
+44.11%
$ 10.44M
$ 5.57M
23
Save
Save
SAVE
$ 0.189869
-0.16%
-0.03%
-0.16%
$ 9.49M
--
24
Abelian
Abelian
ABEL
$ 0.07996
-0.15%
+0.74%
+12.15%
$ 9.29M
$ 183.14K
25
Avalon
Avalon
AVL
$ 0.0546
-2.12%
+81.72%
+100.55%
$ 8.82M
$ 1.91M
26
Suilend
Suilend
SEND
$ 0.08797
+0.31%
-4.89%
+3.90%
$ 6.07M
$ 661.89K
27
HyperLend
HyperLend
HPL
$ 0.01470257
-0.10%
+0.28%
+4.15%
$ 5.62M
$ 6.03K
28
Scallop
Scallop
SCA
$ 0.0287
-6.21%
+12.55%
+70.83%
$ 4.49M
$ 588.82K
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.213072
-0.08%
+4.31%
+10.72%
$ 4.32M
$ 4.26K
30
Gearbox
Gearbox
GEAR
$ 0.00030602
+0.26%
-1.59%
+8.27%
$ 3.06M
$ 3.63K
31
Wise
Wise
WISE
$ 0.128304
+0.15%
-0.87%
+1.63%
$ 2.97M
$ 4.49K
32
Seamless Protocol
Seamless Protocol
SEAM
$ 0.070263
-2.71%
-9.95%
+13.34%
$ 2.86M
$ 194.29K
33
Radiant
Radiant
RDNT
$ 0.001816
-0.54%
+0.05%
+3.19%
$ 2.60M
$ 30.73M
34
DefiTuna
DefiTuna
TUNA
$ 0.00831345
+0.41%
-1.21%
-9.65%
$ 2.33M
$ 39.87K
35
Reservoir
Reservoir
DAM
$ 0.010131
-0.42%
-3.81%
-3.99%
$ 2.05M
$ 6.40M
36
Blend
Blend
BLND
$ 0.050606
+0.05%
-1.07%
-0.20%
$ 1.78M
$ 1.32K
37
TrueFi
TrueFi
TRU
$ 0.00134739
+0.77%
-5.34%
+0.38%
$ 1.69M
$ 357.69K
38
Nostra
Nostra
NSTR
$ 0.00711371
+0.05%
+0.83%
+2.08%
$ 710.36K
$ 20.75
39
Celsius Network
Celsius Network
CEL
$ 0.01876328
0.00%
-4.39%
-0.92%
$ 670.33K
$ 5.75K
40
Pixie Dust
Pixie Dust
DUST
$ 0.517717
+0.54%
-3.10%
-3.50%
$ 511.31K
$ 25.58K
41
Silo Finance
Silo Finance
SILO
$ 0.00076243
-0.29%
-37.98%
-16.51%
$ 466.56K
$ 1.14K
42
Notional Finance
Notional Finance
NOTE
$ 0.00918913
0.00%
0.00%
+5.58%
$ 432.15K
$ 3.82
43
Paystream
Paystream
PAYS
$ 0.04543966
+0.01%
-0.00%
+14.03%
$ 402.93K
$ 1.98
44
dForce
dForce
DF
$ 0.00033223
0.00%
-0.94%
-6.71%
$ 332.21K
$ 1.14
45
Hatom
Hatom
HTM
$ 0.01863
+0.43%
-0.48%
+20.29%
$ 309.35K
$ 3.02M
46
Neptune
Neptune
NEPT
$ 0.03969317
-0.27%
+1.96%
+7.27%
$ 153.10K
$ 190.78
47
BendDAO
BendDAO
BEND
$ 3.668E-5
+0.14%
-0.63%
+3.41%
$ 150.26K
--
48
Pike Finance
Pike Finance
P
$ 0.00045933
+0.01%
-0.09%
-0.87%
$ 105.77K
$ 4.00
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.0005707
-0.84%
+3.58%
+9.90%
$ 86.56K
$ 2.28K
50
Mendi Finance
Mendi Finance
MENDI
$ 0.00042075
0.00%
0.00%
-0.09%
$ 23.29K
$ 15.02

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.