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

WeFi

WFI

$ 2.0162

-0.07%

-0.41%

-0.26%

$ 175.58M

$ 216.48K

Convex Finance

CVX

$ 1.713

+0.06%

-3.76%

-11.51%

$ 171.37M

$ 32.64K

Zebec Network

ZBCN

$ 0.0016835

+0.40%

-2.46%

-14.60%

$ 168.92M

$ 102.53M

MIOTAC

IOTA

$ 0.03464

+0.67%

+0.38%

-14.32%

$ 164.36M

$ 1.60M

Maple Finance

SYRUP

$ 0.13678

-0.48%

+0.96%

-13.58%

$ 164.18M

$ 504.38K

Coinbase Wrapped XRP

CBXRP

$ 1.055

0.00%

-0.04%

-18.85%

$ 159.68M

$ 4.63M

Instadapp

FLUID

$ 1.8884

0.00%

-5.18%

-26.69%

$ 158.05M

$ 2.90K

Bedrock

$ 0.486

-0.74%

+8.40%

+6.46%

$ 149.17M

$ 148.61K

Ethena Staked ENA

SENA

$ 0.154497

+1.27%

-0.00%

-16.52%

$ 144.34M

$ 305.30K

crvUSD

CRVUSD

$ 0.996727

0.00%

-0.24%

$ 141.17M

$ 16.14M

Bybit Staked SOL

BBSOL

$ 97.9

+0.23%

-0.03%

-13.25%

$ 124.28M

$ 381.53K

Vision

VSN

$ 0.03307

+0.67%

-0.51%

-7.41%

$ 123.18M

$ 1.67M

Frax Ether

FRXETH

$ 2,044.66

+0.01%

-0.03%

-15.59%

$ 122.74M

$ 345.86K

AWE Network

AWE

$ 0.06137

+0.75%

-0.71%

-7.15%

$ 119.30M

$ 894.14K

BUILDon

$ 0.11712

+0.26%

+1.17%

-12.21%

$ 117.31M

$ 577.26K

Kinetiq Governance

KNTQ

$ 0.3201

-1.23%

-12.55%

-27.39%

$ 111.56M

$ 189.41K

Hastra AUTO

AUTO

$ 1.032

-0.10%

0.00%

+0.10%

$ 109.49M

$ 44.44K

1INCH

$ 0.07501

+0.17%

-2.84%

-10.82%

$ 107.18M

$ 708.43K

DEXE

$ 1.255

+0.32%

-0.32%

-10.55%

$ 105.09M

$ 47.83K

Reserve Rights

RSR

$ 0.001614

+0.49%

-5.29%

+6.89%

$ 101.90M

$ 43.95M

SoSoValue

SOSO

$ 0.2948

+0.17%

-2.54%

-8.24%

$ 100.96M

$ 277.10K

Horizen

ZEN

$ 4.931

+0.06%

-1.56%

-9.47%

$ 91.01M

$ 14.03K

Yellow

YELLOW

$ 0.098882

-0.01%

-0.13%

-28.78%

$ 90.41M

$ 3.98M

Staked Frax Ether

SFRXETH

$ 2,402.63

+0.09%

-0.03%

-15.29%

$ 89.25M

$ 2.40K

DeepBook

DEEP

$ 0.014023

+0.53%

-0.21%

-12.95%

$ 83.64M

$ 4.88M

Nexus Mutual

NXM

$ 53.84

-0.28%

-0.02%

-12.80%

$ 82.77M

GMX

$ 7.627

+0.42%

+0.53%

-15.12%

$ 81.82M

$ 7.20K

Orca

ORCA

$ 1.2654

-0.41%

-6.15%

-9.08%

$ 77.43M

$ 49.31K

dYdX

DYDX

$ 0.09009

+0.10%

+0.07%

-14.10%

$ 76.37M

$ 699.56K

Magma Finance

MAGMA

$ 0.24681

+0.16%

+5.02%

-37.65%

$ 75.31M

$ 374.57K

ZRX

$ 0.08803

+0.37%

-1.13%

-11.38%

$ 74.25M

$ 630.45K

Lista USD

LISUSD

$ 0.996701

0.00%

-0.08%

$ 74.05M

$ 74.09K

Origin Ether

OETH

$ 2,050.63

-0.07%

-0.03%

-15.48%

$ 71.39M

$ 252.97K

YearnFinance

YFI

$ 1,963.4

+0.50%

+0.44%

-3.66%

$ 70.41M

$ 27.78

Steakhouse USDC Morpho Vault

STEAKUSDC

$ 1.15

0.00%

$ 68.43M

Numeraire

NMR

$ 8.952

+3.81%

-0.74%

-6.33%

$ 68.36M

$ 7.00K

BULLA

$ 0.064251

-0.53%

+8.33%

-6.78%

$ 64.20M

$ 3.29M

CoW Protocol

COW

$ 0.1049

+0.19%

+0.29%

-12.47%

$ 60.38M

$ 515.14K

VELO

$ 0.003343

0.00%

-3.52%

-9.50%

$ 58.70M

$ 14.44M

Lido EarnUSD

EARNUSD

$ 1.04

0.00%

+0.10%

$ 57.02M

NOXO

$ 0.340802

+0.05%

+0.00%

+0.18%

$ 56.80M

$ 17.65K

SNX

$ 0.1632

+0.43%

+1.68%

-8.93%

$ 56.23M

$ 369.92K

Amp

AMP

$ 0.000622

-0.21%

-1.72%

-7.92%

$ 55.88M

$ 87.49M

Spark

SPK

$ 0.01592

+0.25%

+0.06%

-5.69%

$ 54.76M

$ 3.20M

ORE

$ 100.82

+0.10%

-0.06%

-32.68%

$ 52.55M

$ 1.17M

Babylon

BABY

$ 0.009938

+0.63%

-0.21%

-18.04%

$ 51.79M

$ 5.36M

SUSHI

$ 0.1763

+0.57%

-0.23%

-8.78%

$ 50.66M

$ 311.84K

Treehouse ETH

TETH

$ 2,577.08

-0.08%

-0.03%

-15.59%

$ 50.49M

$ 514.83

Bedrock BTC

BRBTC

$ 62,482

0.00%

$ 50.03M

$ 127.66

100

Threshold

$ 0.004409

-0.07%

-0.45%

-5.27%

$ 49.35M

$ 12.96M

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

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Decentralized Finance (DeFi)

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Proof of Work (PoW)

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Frequently Asked Questions

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