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

201

RockSolid rETH

ROCK.RETH

$ 1,777.02

0.00%

$ 14.01M

$ 1.28K

202

CHR

$ 0.0142

+0.71%

-0.70%

-12.46%

$ 13.95M

$ 3.73M

203

CertiK

CTK

$ 0.08306

+0.40%

+1.94%

-8.30%

$ 13.76M

$ 663.10K

204

Haedal Protocol

HAEDAL

$ 0.02467

+0.29%

+2.67%

-14.52%

$ 13.74M

$ 2.42M

205

BENQI

$ 0.001925

-0.94%

+9.86%

+1.18%

$ 13.64M

$ 34.40M

206

Hegic

HEGIC

$ 0.01254818

+0.01%

-0.03%

-14.25%

$ 13.52M

$ 21.19

207

Simons Cat

CAT

$ 0.000001686

-0.12%

-1.75%

-6.34%

$ 13.13M

$ 33.19B

208

CloudBank

COD

$ 0.0193238

+0.35%

-0.02%

+21.81%

$ 13.06M

$ 106.74K

209

Unity

UTY

$ 0.99875

0.00%

-0.01%

$ 12.98M

$ 4.49K

210

Orderly Network

ORDER

$ 0.0303

-0.65%

+0.33%

-13.88%

$ 12.92M

$ 1.67M

211

Tribe

TRIBE

$ 0.34876

-0.02%

-7.93%

$ 12.91M

$ 6.00K

212

KernelDAO

KERNEL

$ 0.0444

+0.91%

+2.65%

-0.45%

$ 12.85M

$ 1.27M

213

SynFutures

$ 0.002392

+0.67%

+0.13%

-13.38%

$ 12.59M

$ 23.06M

214

JOE

$ 0.02696

+1.85%

+0.90%

-5.46%

$ 12.34M

$ 2.12M

215

Maya Protocol

CACAO

$ 0.12301

0.00%

$ 12.30M

$ 606.87K

216

Stargate Finance

STG

$ 0.132278

+1.46%

+0.03%

-16.62%

$ 12.17M

$ 21.50K

217

Spell

SPELL

$ 7.063E-5

+0.31%

-0.50%

-9.27%

$ 12.11M

218

ERA

$ 0.08041

+0.67%

+13.96%

+20.11%

$ 11.99M

$ 1.27M

219

Marinade

MNDE

$ 0.02171434

+0.05%

-0.03%

-8.19%

$ 11.86M

$ 94.37K

220

Kelp Gain

AGETH

$ 2,114.07

-0.12%

-15.82%

$ 11.77M

$ 10.37

221

Chintai Network

CHEX

$ 0.009377

-0.05%

-1.98%

-8.61%

$ 11.68M

$ 5.63M

222

Coin98

C98

$ 0.01155

+0.17%

+1.49%

-8.31%

$ 11.58M

$ 4.87M

223

Yei Finance

CLO

$ 0.04414

+0.38%

+2.26%

-12.49%

$ 11.44M

$ 1.80M

224

Talus

$ 0.00399

+0.50%

+0.76%

-19.23%

$ 11.42M

$ 1.34M

225

Mey Network

MEY

$ 0.03975

+0.43%

+0.18%

-7.07%

$ 11.37M

$ 21.07M

226

Optio

OPT

$ 0.00068212

0.00%

$ 11.27M

$ 102.83

227

Katana Network

KAT

$ 0.003299

+0.24%

-1.07%

-12.16%

$ 11.14M

$ 16.53M

228

USUALx

USUALX

$ 0.0205265

+0.96%

+0.05%

+5.94%

$ 11.13M

$ 291.52

229

Pharaoh Liquid Staking Token

P33

$ 0.071746

-3.69%

-0.16%

-16.44%

$ 11.05M

$ 129.57K

230

Galaxy USDT Quality

ETH:GUSDTQ

$ 1.019

0.00%

$ 10.87M

231

YieldFi yToken

YUSD

$ 0.998454

0.00%

$ 10.86M

232

Messier

M87

$ 0.00001223

0.00%

-10.60%

-24.13%

$ 10.82M

$ 1.79B

233

Ember Third Eye

ETHIRD

$ 1.053

0.00%

$ 10.70M

$ 1.40K

234

yieldbasis

$ 0.04858

+0.23%

-0.20%

-21.15%

$ 10.59M

$ 1.13M

235

BONE SHIBASWAP

BONE

$ 0.04531

+0.26%

-5.18%

-16.34%

$ 10.45M

$ 1.41M

236

THORSwap

THOR

$ 0.04068029

+0.37%

+0.05%

+1.61%

$ 10.31M

$ 11.18K

237

Balsa MM Fund

BMMF

$ 0.08369

0.00%

$ 10.27M

$ 170.25

238

Fogo

FOGO

$ 0.001895

+1.38%

+0.69%

-18.55%

$ 10.24M

$ 28.83M

239

Overtime

OVER

$ 0.185584

0.00%

+0.01%

+0.72%

$ 10.01M

$ 5.89K

240

Ekubo Protocol

EKUBO

$ 0.998958

+0.37%

-0.01%

-16.05%

$ 9.99M

$ 9.62K

241

Equilibria Finance

EQB

$ 0.098843

0.00%

-18.99%

$ 9.88M

$ 17.02K

242

Wise

WISE

$ 0.111645

-0.05%

-0.03%

-15.20%

$ 9.88M

$ 792.32

243

Yield Optimizer ETH

YOETH

$ 2,243.51

+0.05%

-0.03%

-15.80%

$ 9.75M

244

Loopring

LRC

$ 0.007161

+0.08%

-2.67%

-9.46%

$ 9.73M

$ 7.79M

245

Bitlight Labs

LIGHT

$ 0.2261

-0.27%

-4.60%

-7.21%

$ 9.64M

$ 408.94K

246

Abelian

ABEL

$ 0.07717

-0.18%

-4.96%

-40.42%

$ 9.62M

$ 453.39K

247

Wanchain

WAN

$ 0.04792145

+0.58%

-0.00%

-4.80%

$ 9.55M

$ 284.61K

248

Coinbase Wrapped ADA

CBADA

$ 0.174297

+0.50%

-0.01%

-11.70%

$ 9.51M

$ 33.00K

249

Based

BASED

$ 0.04045

-0.44%

-0.27%

-19.90%

$ 9.47M

$ 1.78M

250

Dolomite

DOLO

$ 0.02094

+0.57%

+0.96%

-10.67%

$ 9.28M

$ 2.57M

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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

New Crypto

Frequently Asked Questions

Disclaimer