Top Lending & Borrowing Protocol Tokens by Market Capitalization

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralize 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 utilized for decentralized governance, revenue sharing, and incentivizing protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 90.6
+0.08%
-1.42%
-4.61%
$ 1.40B
$ 3.24K
2
MORPHO
MORPHO
MORPHO
$ 1.8865
-0.21%
-1.92%
-3.27%
$ 952.37M
$ 45.21K
3
Olympus
Olympus
OHM
$ 18.67
+0.32%
+0.00%
+2.08%
$ 278.84M
$ 120.54K
4
Maple Finance
Maple Finance
SYRUP
$ 0.15553
+0.57%
-0.38%
-4.68%
$ 186.46M
$ 497.81K
5
Compound
Compound
COMP
$ 16.46
+0.24%
+0.67%
-0.18%
$ 165.60M
$ 3.23K
6
Kamino
Kamino
KMNO
$ 0.01796
0.00%
-0.06%
-0.17%
$ 87.01M
$ 2.97M
7
Quantix Finance
Quantix Finance
QFI
$ 58.569
+0.31%
+0.31%
-0.02%
$ 58.78M
$ 8.68K
8
Venus
Venus
XVS
$ 2.7196
-0.38%
-1.15%
-4.02%
$ 44.74M
$ 22.43K
9
Spark
Spark
SPK
$ 0.0154
-0.06%
-0.51%
-1.40%
$ 43.31M
$ 3.51M
10
Euler Finance
Euler Finance
EUL
$ 1.4425
+0.68%
-3.84%
-8.50%
$ 34.18M
$ 63.85K
11
Zest Protocol
Zest Protocol
ZEST
$ 0.22875
+0.24%
-7.36%
-8.82%
$ 33.50M
$ 343.19K
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002837
+0.11%
+0.42%
-3.83%
$ 28.36M
$ 3.32T
13
CoinDepo
CoinDepo
COINDEPO
$ 0.11089
0.00%
+3.39%
+10.64%
$ 27.70M
$ 2.97M
14
deBridge
deBridge
DBR
$ 0.01376
0.00%
-0.86%
-3.23%
$ 26.50M
$ 3.59M
15
Lista DAO
Lista DAO
LISTA
$ 0.05077
-0.02%
-1.82%
+8.10%
$ 20.97M
$ 1.05M
16
Yei Finance
Yei Finance
CLO
$ 0.12373
-0.19%
-1.97%
+2.76%
$ 15.98M
$ 1.32M
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8519
+0.19%
-4.47%
+19.73%
$ 15.10M
$ 182.60K
18
Moonwell
Moonwell
WELL
$ 0.00292521
-0.08%
+0.01%
-2.92%
$ 13.27M
$ 685.05K
19
Dolomite
Dolomite
DOLO
$ 0.02182
+0.46%
+2.37%
+8.51%
$ 9.74M
$ 2.50M
20
BENQI
BENQI
BENQI
$ 0.001306
+0.08%
+2.75%
+9.36%
$ 9.42M
$ 43.63M
21
Wise
Wise
WISE
$ 0.102036
+0.09%
+0.01%
-0.87%
$ 8.83M
$ 1.41K
22
Abelian
Abelian
ABEL
$ 0.06732
+0.13%
+3.25%
-7.74%
$ 7.93M
$ 209.11K
23
Xauras
Xauras
XRS
$ 0.02978006
-0.01%
0.00%
+0.05%
$ 6.66M
$ 15.05K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007914
-0.39%
-4.91%
-1.11%
$ 6.48M
$ 6.65M
25
HyperLend
HyperLend
HPL
$ 0.01116108
+1.34%
-0.06%
-9.33%
$ 4.45M
$ 36.59K
26
Liqwid Finance
Liqwid Finance
LQ
$ 0.181297
+0.10%
+0.02%
+13.58%
$ 3.68M
$ 38.55
27
Suilend
Suilend
SEND
$ 0.050076
-0.01%
+0.01%
-1.91%
$ 3.68M
$ 1.54K
28
Gearbox
Gearbox
GEAR
$ 0.00035224
-0.03%
+0.00%
-11.75%
$ 3.52M
$ 76.35
29
Avalon
Avalon
AVL
$ 0.01672
-0.24%
0.00%
-6.76%
$ 2.70M
$ 3.32M
30
Goldfinch
Goldfinch
GFI
$ 0.03044
+1.60%
-7.31%
-6.74%
$ 2.68M
$ 1.89M
31
Nest
Nest
NEST
$ 0.00397159
-0.04%
+0.05%
+2.56%
$ 1.91M
$ 43.92K
32
Blend
Blend
BLND
$ 0.04177687
0.00%
+0.00%
+0.61%
$ 1.47M
$ 1.90K
33
Hatom
Hatom
HTM
$ 0.01564221
-0.22%
+0.01%
+1.35%
$ 1.27M
$ 1.69K
34
Scallop
Scallop
SCA
$ 0.0073
+2.82%
-1.35%
-10.98%
$ 1.17M
$ 327.55K
35
TrueFi
TrueFi
TRU
$ 0.00086926
-0.38%
-0.00%
+9.05%
$ 1.09M
$ 18.59K
36
Reservoir
Reservoir
DAM
$ 0.00356598
-0.03%
+0.05%
-17.36%
$ 918.40K
$ 1.35K
37
Radiant Capital
Radiant Capital
RDNT
$ 0.00049242
-0.66%
-0.00%
-8.91%
$ 707.56K
$ 54.39K
38
MEZO
MEZO
MEZO
$ 0.007969
-0.14%
+0.01%
-16.16%
$ 683.27K
$ 6.75M
39
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01401965
+0.13%
-0.01%
-15.91%
$ 570.40K
$ 113.59
40
Nostra
Nostra
NSTR
$ 0.00549685
+0.01%
+0.00%
-0.85%
$ 549.68K
$ 116.02
41
DefiTuna
DefiTuna
TUNA
$ 0.00155325
+0.36%
+0.07%
+27.05%
$ 437.24K
$ 158.13
42
LO0P
LO0P
LO0P
$ 0.425994
+0.26%
-0.10%
+6.03%
$ 425.25K
$ 21.04K
43
Celsius Network
Celsius Network
CEL
$ 0.01144898
-0.02%
+0.02%
+3.31%
$ 408.95K
$ 654.12
44
Silo Finance
Silo Finance
SILO
$ 0.00061787
0.00%
--
0.00%
$ 378.27K
$ 9.18
45
Notional Finance
Notional Finance
NOTE
$ 0.00540115
0.00%
--
-5.11%
$ 254.01K
$ 96.39
46
BendDAO
BendDAO
BEND
$ 2.818E-5
+0.18%
+0.39%
+3.34%
$ 116.07K
--
47
dForce
dForce
DF
$ 0.00010061
0.00%
+0.00%
-27.76%
$ 100.60K
$ 5.58
48
Paystream
Paystream
PAYS
$ 0.03036335
0.00%
--
-0.02%
$ 97.27K
$ 1.65
49
Pixie Dust
Pixie Dust
DUST
$ 0.03309963
-0.97%
-0.03%
-25.95%
$ 92.78K
$ 1.55K
50
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00058292
+0.09%
+0.05%
+6.21%
$ 88.42K
$ 611.25

Frequently Asked Questions

How do decentralized lending and borrowing protocols function without traditional banks?
Decentralized 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-collateralization in decentralized finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralization 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 utilization 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.