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
$ 127.93
-0.57%
-3.56%
+30.87%
$ 1.95B
$ 3.04K
2
MORPHO
MORPHO
MORPHO
$ 2.4926
-1.44%
-7.10%
+13.95%
$ 1.25B
$ 50.82K
3
Olympus
Olympus
OHM
$ 18.14
+0.06%
-0.00%
-2.58%
$ 270.97M
$ 264.33K
4
Maple Finance
Maple Finance
SYRUP
$ 0.19512
-0.60%
-3.40%
+19.76%
$ 234.19M
$ 421.24K
5
Compound
Compound
COMP
$ 19.5
-0.36%
-2.41%
+2.91%
$ 194.60M
$ 3.44K
6
Kamino
Kamino
KMNO
$ 0.02401
-0.83%
-6.61%
+19.23%
$ 115.51M
$ 2.84M
7
Spark
Spark
SPK
$ 0.01824
-0.06%
-4.38%
+23.55%
$ 55.82M
$ 5.45M
8
Venus
Venus
XVS
$ 3.0318
-0.42%
-2.99%
+6.54%
$ 49.37M
$ 17.88K
9
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003493
-0.49%
-2.00%
+8.24%
$ 34.75M
$ 2.49T
10
Euler Finance
Euler Finance
EUL
$ 1.3296
+0.03%
-5.99%
+3.64%
$ 31.88M
$ 81.69K
11
Lista DAO
Lista DAO
LISTA
$ 0.06979
-0.86%
-0.62%
-1.79%
$ 28.20M
$ 843.97K
12
deBridge
deBridge
DBR
$ 0.01434
0.00%
-2.11%
-8.83%
$ 27.62M
$ 3.42M
13
CoinDepo
CoinDepo
COINDEPO
$ 0.10782
-0.17%
-4.28%
-5.41%
$ 27.00M
$ 3.24M
14
Quantix Finance
Quantix Finance
QFI
$ 26.971
-6.70%
+168.05%
-46.04%
$ 26.57M
$ 5.54K
15
Zest Protocol
Zest Protocol
ZEST
$ 0.13972
+0.02%
-0.37%
+5.57%
$ 20.44M
$ 630.71K
16
Moonwell
Moonwell
WELL
$ 0.00360438
+0.04%
-0.04%
+9.00%
$ 16.35M
$ 359.85K
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.7523
-0.08%
-4.33%
-1.82%
$ 13.41M
$ 240.87K
18
Wise
Wise
WISE
$ 0.134659
+0.08%
-0.01%
+9.44%
$ 11.72M
$ 931.99
19
Dolomite
Dolomite
DOLO
$ 0.02448
-1.42%
+1.63%
+1.76%
$ 10.75M
$ 2.52M
20
Yei Finance
Yei Finance
CLO
$ 0.0812
-0.16%
-6.46%
-31.65%
$ 10.40M
$ 2.36M
21
BENQI
BENQI
BENQI
$ 0.001309
-0.23%
-2.61%
+2.11%
$ 9.40M
$ 41.00M
22
Avalon
Avalon
AVL
$ 0.0200008
+5.11%
+0.12%
+26.64%
$ 7.77M
$ 1.31M
23
Abelian
Abelian
ABEL
$ 0.05876
-0.39%
-0.53%
-0.66%
$ 6.90M
$ 262.50K
24
Xauras
Xauras
XRS
$ 0.02980009
0.00%
0.00%
+0.04%
$ 6.66M
$ 2.91K
25
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007785
-0.04%
-0.15%
+6.31%
$ 6.35M
$ 6.99M
26
Grove
Grove
GROVE
$ 0.00882646
-2.58%
+0.05%
+10.81%
$ 6.08M
$ 1.17M
27
Liqwid Finance
Liqwid Finance
LQ
$ 0.213914
-0.29%
-0.12%
+12.09%
$ 4.34M
$ 17.24K
28
Gearbox
Gearbox
GEAR
$ 0.00041389
-0.20%
+0.03%
+13.01%
$ 4.14M
$ 7.03K
29
Suilend
Suilend
SEND
$ 0.04972011
+0.17%
-0.02%
-2.75%
$ 3.71M
$ 653.40
30
Goldfinch
Goldfinch
GFI
$ 0.03224
-0.59%
-3.39%
+9.64%
$ 2.82M
$ 1.69M
31
HyperLend
HyperLend
HPL
$ 0.01689675
-0.82%
-0.25%
+37.74%
$ 2.66M
$ 267.34K
32
DefiTuna
DefiTuna
TUNA
$ 0.00711563
-0.29%
-0.25%
+333.41%
$ 2.00M
$ 8.43K
33
Hatom
Hatom
HTM
$ 0.01969711
0.00%
-0.01%
+18.99%
$ 1.60M
$ 4.44K
34
TrueFi
TrueFi
TRU
$ 0.00100032
-1.63%
+0.03%
-8.68%
$ 1.26M
$ 7.97K
35
Seamless Protocol
Seamless Protocol
SEAM
$ 0.02029307
0.00%
-0.03%
+83.33%
$ 825.66K
$ 338.76
36
Reservoir
Reservoir
DAM
$ 0.00243404
-0.74%
+0.10%
+9.05%
$ 651.21K
$ 510.08
37
MEZO
MEZO
MEZO
$ 0.007259
+0.41%
-0.89%
+2.64%
$ 624.62K
$ 7.92M
38
Nostra
Nostra
NSTR
$ 0.00620004
0.00%
-0.02%
+2.22%
$ 620.00K
$ 100.33
39
Scallop
Scallop
SCA
$ 0.00378094
+0.06%
-0.03%
-3.45%
$ 618.97K
$ 178.58K
40
Radiant Capital
Radiant Capital
RDNT
$ 0.00040713
+0.01%
-0.02%
-5.59%
$ 585.02K
$ 32.50K
41
Celsius Network
Celsius Network
CEL
$ 0.01186787
+1.54%
-0.02%
+5.72%
$ 423.91K
$ 637.17
42
Notional Finance
Notional Finance
NOTE
$ 0.00649119
0.00%
-0.01%
+20.33%
$ 402.35K
--
43
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
44
LO0P
LO0P
LO0P
$ 0.359843
-0.03%
-0.04%
+16.81%
$ 359.80K
$ 3.13K
45
BendDAO
BendDAO
BEND
$ 5.161E-5
-0.41%
-1.42%
+70.05%
$ 212.74K
--
46
Blend
Blend
BLND
$ 0.00282775
-48.73%
-0.49%
-93.13%
$ 189.86K
$ 3.97M
47
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00078936
+0.14%
-0.02%
+14.82%
$ 119.58K
$ 220.38
48
Pixie Dust
Pixie Dust
DUST
$ 0.04454578
0.00%
+0.04%
-3.18%
$ 118.55K
$ 3.77K
49
dForce
dForce
DF
$ 0.000102
0.00%
-0.00%
+1.57%
$ 102.00K
$ 4.95
50
Pike Finance
Pike Finance
P
$ 0.00036996
0.00%
--
-1.26%
$ 85.12K
$ 9.87

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.