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
$ 125.03
+0.31%
-2.58%
+21.92%
$ 1.92B
$ 2.09K
2
MORPHO
MORPHO
MORPHO
$ 2.5891
+0.46%
+2.64%
+13.67%
$ 1.30B
$ 64.13K
3
Olympus
Olympus
OHM
$ 18.01
+0.33%
-0.00%
-3.74%
$ 269.00M
$ 193.15K
4
Maple Finance
Maple Finance
SYRUP
$ 0.19148
+1.11%
-1.02%
+4.58%
$ 227.82M
$ 467.52K
5
Compound
Compound
COMP
$ 19.28
-0.47%
-0.82%
0.00%
$ 192.60M
$ 3.23K
6
Kamino
Kamino
KMNO
$ 0.02711
-0.11%
+13.53%
+27.70%
$ 131.19M
$ 2.48M
7
Spark
Spark
SPK
$ 0.01843
+0.38%
+0.61%
+2.81%
$ 56.34M
$ 3.74M
8
Venus
Venus
XVS
$ 3.13
-0.78%
+2.48%
+3.62%
$ 51.01M
$ 21.60K
9
Dogelon Mars
Dogelon Mars
ELON
$ 0.0000000347
+0.12%
-0.57%
-0.54%
$ 34.70M
$ 2.50T
10
Euler Finance
Euler Finance
EUL
$ 1.4413
+3.65%
+4.67%
+19.67%
$ 34.66M
$ 63.21K
11
Lista DAO
Lista DAO
LISTA
$ 0.07213
+0.54%
+1.48%
-5.17%
$ 29.19M
$ 813.57K
12
deBridge
deBridge
DBR
$ 0.01453
-0.07%
+0.83%
-7.99%
$ 27.91M
$ 3.65M
13
Quantix Finance
Quantix Finance
QFI
$ 27.317
0.00%
-0.86%
-35.30%
$ 27.32M
$ 8.46
14
CoinDepo
CoinDepo
COINDEPO
$ 0.10752
-0.15%
-0.48%
-4.59%
$ 26.93M
$ 3.55M
15
Zest Protocol
Zest Protocol
ZEST
$ 0.14043
-0.27%
+0.32%
+0.24%
$ 20.48M
$ 818.22K
16
Teller
Teller
DEBIT
$ 1.15
-0.86%
--
-2.54%
$ 19.73M
$ 50.27M
17
Moonwell
Moonwell
WELL
$ 0.00351818
-0.09%
-0.02%
-4.55%
$ 15.94M
$ 373.03K
18
Yei Finance
Yei Finance
CLO
$ 0.101
+1.74%
+27.47%
-9.81%
$ 13.23M
$ 3.22M
19
EVAA Protocol
EVAA Protocol
EVAA
$ 0.7431
+0.60%
-0.69%
-4.30%
$ 13.19M
$ 127.34K
20
Wise
Wise
WISE
$ 0.135123
-0.40%
+0.01%
+4.76%
$ 11.79M
$ 436.77
21
Dolomite
Dolomite
DOLO
$ 0.02551
+0.35%
+4.01%
+1.46%
$ 11.34M
$ 2.74M
22
BENQI
BENQI
BENQI
$ 0.001353
-0.73%
+1.58%
+6.13%
$ 9.73M
$ 40.37M
23
Avalon
Avalon
AVL
$ 0.02395491
+0.12%
+0.21%
+44.12%
$ 9.30M
$ 3.64M
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.009084
-0.74%
+15.68%
+20.86%
$ 7.40M
$ 7.94M
25
Abelian
Abelian
ABEL
$ 0.05886
-0.12%
-0.44%
-1.42%
$ 6.93M
$ 219.91K
26
Xauras
Xauras
XRS
$ 0.02980373
0.00%
0.00%
+0.03%
$ 6.66M
$ 14.89K
27
Grove
Grove
GROVE
$ 0.00812094
-0.96%
-0.04%
+7.22%
$ 5.58M
$ 408.21K
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.21808
-0.14%
+0.01%
-1.14%
$ 4.43M
$ 4.32K
29
Gearbox
Gearbox
GEAR
$ 0.00040762
+0.20%
-0.01%
+5.98%
$ 4.08M
$ 1.04K
30
Suilend
Suilend
SEND
$ 0.050355
-0.18%
+0.01%
-4.20%
$ 3.76M
$ 1.44K
31
Goldfinch
Goldfinch
GFI
$ 0.03237
+1.67%
+2.49%
+8.18%
$ 2.88M
$ 1.69M
32
DefiTuna
DefiTuna
TUNA
$ 0.00686944
-0.30%
-0.03%
+270.30%
$ 1.96M
$ 5.81K
33
HyperLend
HyperLend
HPL
$ 0.01228908
+1.44%
-0.23%
-12.87%
$ 1.93M
$ 429.05K
34
Hatom
Hatom
HTM
$ 0.02039545
+0.05%
+0.02%
+15.78%
$ 1.66M
$ 4.12K
35
TrueFi
TrueFi
TRU
$ 0.00100392
+0.19%
+0.00%
-2.28%
$ 1.26M
$ 7.70K
36
Seamless Protocol
Seamless Protocol
SEAM
$ 0.02293184
-0.45%
+0.13%
+100.60%
$ 933.00K
$ 1.47K
37
MEZO
MEZO
MEZO
$ 0.007519
+2.92%
+2.89%
+7.80%
$ 645.43K
$ 7.72M
38
Scallop
Scallop
SCA
$ 0.00390187
+0.02%
+0.03%
-9.93%
$ 638.91K
$ 195.60K
39
Nostra
Nostra
NSTR
$ 0.00628006
0.00%
+0.01%
+1.14%
$ 628.01K
$ 18.84
40
Reservoir
Reservoir
DAM
$ 0.00215205
-1.52%
-0.11%
+8.11%
$ 575.77K
$ 238.60
41
Radiant Capital
Radiant Capital
RDNT
$ 0.00039705
-0.60%
-0.02%
-7.59%
$ 570.54K
$ 10.48K
42
Celsius Network
Celsius Network
CEL
$ 0.01182954
-0.16%
-0.00%
+0.19%
$ 422.54K
$ 739.18
43
Notional Finance
Notional Finance
NOTE
$ 0.00650393
0.00%
0.00%
+20.56%
$ 403.14K
--
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
45
LO0P
LO0P
LO0P
$ 0.362153
-0.25%
+0.01%
+6.27%
$ 362.17K
$ 1.35K
46
BendDAO
BendDAO
BEND
$ 5.17E-5
0.00%
-0.14%
+70.35%
$ 213.10K
--
47
Blend
Blend
BLND
$ 0.0025561
+1.44%
+0.59%
-94.10%
$ 171.62K
$ 28.56K
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.0007883
-0.17%
-0.00%
+2.03%
$ 119.54K
$ 205.47
49
Pixie Dust
Pixie Dust
DUST
$ 0.04448803
0.00%
-0.00%
-6.05%
$ 118.61K
$ 1.17K
50
dForce
dForce
DF
$ 0.00010018
-0.42%
--
-2.47%
$ 100.18K
$ 130.55

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.