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

$ 2,052.45

+0.05%

-3.40%

-15.29%

$ 19.92B

$ 36.88

Hyperliquid

HYPE

$ 72.41

-0.17%

-3.40%

-14.30%

$ 18.28B

$ 9.03K

Wrapped stETH

WSTETH

$ 2,560.38

0.00%

-0.03%

-15.66%

$ 9.57B

$ 10.81M

Chainlink

LINK

$ 10.338

+0.87%

-2.71%

-9.44%

$ 6.81B

$ 13.99K

UNISWAP

UNI

$ 6.706

+0.49%

-4.41%

-12.63%

$ 4.18B

$ 20.78K

Bitway

BTW

$ 1.143075

-1.85%

+13.78%

+10.75%

$ 3.31B

$ 302.11K

Ethena

ENA

$ 0.15296

+0.84%

-0.97%

-16.46%

$ 2.06B

$ 155.07M

AaveToken

AAVE

$ 124.02

-0.61%

-6.53%

-6.16%

$ 1.90B

$ 1.36K

Ondo

ONDO

$ 0.36962

+1.40%

-0.95%

-9.57%

$ 1.80B

$ 692.75K

Aster

ASTER

$ 0.6394

+0.05%

-1.73%

-9.55%

$ 1.77B

$ 1.49M

Sky Protocol

SKY

$ 0.06031

-0.41%

-1.45%

-10.24%

$ 1.42B

$ 957.83K

JUST

JST

$ 0.14428

+0.41%

-0.43%

+2.77%

$ 1.16B

$ 398.36K

MORPHO

$ 2.024

+0.36%

-0.47%

-10.07%

$ 1.09B

$ 29.70K

Polygon Ecosystem

POL

$ 0.08853

+0.32%

-0.55%

-8.39%

$ 942.23M

$ 1.04M

syrupUSDC

SYRUPUSDC

$ 1.19

0.00%

$ 905.90M

$ 1.01M

Binance Staked SOL

BNSOL

$ 94.93

+0.12%

-0.03%

-12.86%

$ 904.15M

$ 10.18M

Lighter

LIT

$ 3.4583

+0.26%

+8.67%

+3.31%

$ 866.18M

$ 1.83M

Jupiter

JUP

$ 0.2564

+0.87%

+0.08%

-2.08%

$ 845.78M

$ 570.13K

Injective

INJ

$ 8.073

+1.35%

-0.16%

+0.69%

$ 805.27M

$ 521.01K

Jupiter Perpetuals Liquidity Provider Token

JLP

$ 4.03

0.00%

-0.02%

-8.20%

$ 749.78M

$ 4.75M

PancakeSwap

CAKE

$ 1.828

+0.44%

-2.57%

-9.13%

$ 686.82M

$ 335.28K

Ether.Fi Foundation

ETHFI

$ 0.6341

+0.78%

+0.73%

+7.17%

$ 613.09M

$ 6.58M

Aerodrome Finance

AERO

$ 0.5424

-0.17%

-2.25%

-15.35%

$ 545.56M

$ 4.55M

Pyth Network

PYTH

$ 0.06644

+1.17%

+2.95%

-1.77%

$ 519.20M

$ 9.66M

Raydium

RAY

$ 1.6337

+0.93%

-5.36%

-6.87%

$ 441.53M

$ 58.33K

TIA

$ 0.4293

+0.38%

-0.86%

-6.64%

$ 422.98M

$ 996.32K

Curve

CRV

$ 0.2469

-0.12%

-4.28%

-11.67%

$ 389.82M

$ 1.47M

PayFi Strategy Token USDC

PSTUSDC

$ 1.14

0.00%

$ 386.24M

$ 17.78K

Staked USDai

SUSDAI

$ 1.12

0.00%

$ 349.06M

$ 941.80K

SEI

$ 0.04393

-0.34%

-0.39%

-10.59%

$ 337.25M

$ 1.51M

StakeWise Staked ETH

OSETH

$ 2,211.12

-0.04%

-0.03%

-15.74%

$ 328.27M

$ 11.52K

syrupUSDG

SYRUPUSDG

$ 1.018

0.00%

$ 308.82M

$ 95.70K

Falcon Finance

$ 0.08634

+0.02%

-0.52%

-6.11%

$ 305.92M

$ 628.44K

Staked Aave

STKAAVE

$ 123.68

+0.19%

-0.05%

-5.61%

$ 303.77M

$ 3.20K

tBTC

TBTC

$ 73,644

-0.01%

-8.64%

$ 303.24M

$ 22.05M

SUN

$ 0.015286

+0.01%

-0.60%

-2.39%

$ 294.22M

$ 3.45M

Gnosis

GNO

$ 107.31

-0.47%

-1.71%

-5.13%

$ 282.85M

$ 543.20

Pendle

PENDLE

$ 1.591

+0.25%

+0.51%

-12.18%

$ 274.65M

$ 197.08K

Lido DAO

LDO

$ 0.3272

+0.49%

-0.06%

-4.70%

$ 270.77M

$ 298.18K

Plasma

XPL

$ 0.05247

+0.52%

+2.10%

-18.13%

$ 250.53M

$ 6.12M

Spiko Amundi Overnight Swap Fund

SAFO

$ 1.028

0.00%

+0.10%

$ 250.48M

Olympus

OHM

$ 16.69

-0.06%

-0.01%

-8.50%

$ 249.35M

$ 246.23K

Derive

DRV

$ 0.3111

-0.13%

-1.98%

-15.64%

$ 229.52M

$ 174.32K

Terra Classic

LUNC

$ 0.00003912

+0.26%

-0.71%

-6.84%

$ 215.85M

$ 2.78B

Compound

COMP

$ 19.88

+0.10%

-1.14%

-2.21%

$ 199.40M

$ 6.68K

THORChain

RUNE

$ 0.6011

+0.48%

+1.21%

-8.45%

$ 198.33M

$ 911.01K

Kamino

KMNO

$ 0.03226

+0.75%

-3.23%

-12.34%

$ 192.38M

$ 1.65M

Lido Earn ETH

EARNETH

$ 2,095.12

-0.12%

-0.03%

-15.64%

$ 189.50M

Marinade Staked SOL

MSOL

$ 117.97

+0.12%

-0.03%

-13.08%

$ 187.96M

$ 1.59M

JITO

JTO

$ 0.3356

+0.69%

+0.06%

-8.31%

$ 181.78M

$ 179.31K

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)

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Proof of Work (PoW)

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Frequently Asked Questions

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