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
$ 100.91
+1.03%
+7.44%
+7.37%
$ 1.55B
$ 2.57K
2
MORPHO
MORPHO
MORPHO
$ 1.9724
-0.39%
+3.33%
-1.30%
$ 996.17M
$ 38.67K
3
Olympus
Olympus
OHM
$ 18.7
0.00%
+0.01%
+0.38%
$ 279.42M
$ 158.44K
4
Maple Finance
Maple Finance
SYRUP
$ 0.17286
-0.08%
-0.24%
-7.80%
$ 204.65M
$ 342.47K
5
Compound
Compound
COMP
$ 17.45
-0.06%
+0.69%
+0.87%
$ 174.50M
$ 4.84K
6
Kamino
Kamino
KMNO
$ 0.01804
0.00%
+1.92%
-4.00%
$ 87.15M
$ 3.11M
7
Quantix Finance
Quantix Finance
QFI
$ 58.682
+0.30%
+0.49%
+0.31%
$ 58.99M
$ 6.15K
8
Spark
Spark
SPK
$ 0.01708
-1.27%
+2.33%
-3.50%
$ 47.87M
$ 3.74M
9
Euler Finance
Euler Finance
EUL
$ 1.9667
-2.15%
-24.25%
+99.19%
$ 47.17M
$ 602.47K
10
Venus
Venus
XVS
$ 2.8897
-0.06%
-1.97%
+3.24%
$ 46.98M
$ 23.31K
11
Zest Protocol
Zest Protocol
ZEST
$ 0.24478
+0.11%
-2.22%
-0.77%
$ 35.63M
$ 302.29K
12
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003294
+0.09%
+4.84%
-1.71%
$ 32.64M
$ 3.23T
13
deBridge
deBridge
DBR
$ 0.01454
-0.34%
-1.76%
-17.71%
$ 27.91M
$ 4.43M
14
CoinDepo
CoinDepo
COINDEPO
$ 0.10196
+0.01%
+1.03%
+18.57%
$ 25.53M
$ 3.33M
15
Lista DAO
Lista DAO
LISTA
$ 0.04729
-0.15%
-1.51%
-3.12%
$ 19.20M
$ 1.14M
16
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8726
-1.63%
-0.46%
-3.48%
$ 15.86M
$ 228.39K
17
Yei Finance
Yei Finance
CLO
$ 0.12017
-0.46%
-1.15%
-10.90%
$ 15.51M
$ 847.25K
18
Moonwell
Moonwell
WELL
$ 0.00320993
-0.50%
+0.02%
-9.52%
$ 14.54M
$ 1.74M
19
Dolomite
Dolomite
DOLO
$ 0.02224
-0.05%
-1.25%
-1.47%
$ 9.79M
$ 2.33M
20
Wise
Wise
WISE
$ 0.106362
+0.02%
+0.04%
-4.39%
$ 9.20M
$ 617.38
21
Abelian
Abelian
ABEL
$ 0.07633
+0.71%
-4.61%
-11.11%
$ 8.97M
$ 263.99K
22
BENQI
BENQI
QI
$ 0.00123825
+0.46%
-0.07%
+7.98%
$ 8.92M
$ 4.06M
23
NAVI Protocol
NAVI Protocol
NAVX
$ 0.008723
-0.51%
+3.86%
-22.64%
$ 7.07M
$ 6.16M
24
Xauras
Xauras
XRS
$ 0.02977441
-0.01%
0.00%
-0.03%
$ 6.65M
$ 16.72K
25
HyperLend
HyperLend
HPL
$ 0.01298017
-0.03%
+0.01%
-1.33%
$ 5.18M
$ 6.82K
26
Gearbox
Gearbox
GEAR
$ 0.00042342
-0.04%
+0.04%
+2.60%
$ 4.23M
$ 1.83K
27
Suilend
Suilend
SEND
$ 0.051005
+0.15%
+0.00%
+0.34%
$ 3.72M
$ 364.23
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.164602
-0.95%
-0.00%
-17.67%
$ 3.34M
$ 1.65
29
Avalon
Avalon
AVL
$ 0.02019
0.00%
-0.54%
-1.75%
$ 3.28M
$ 2.71M
30
Goldfinch
Goldfinch
GFI
$ 0.03602
+0.43%
-0.54%
-9.40%
$ 3.06M
$ 1.60M
31
Blend
Blend
BLND
$ 0.04131915
0.00%
+0.01%
+5.69%
$ 1.46M
$ 28.68K
32
Scallop
Scallop
SCA
$ 0.0081
0.00%
-3.57%
-10.99%
$ 1.30M
$ 512.03K
33
Hatom
Hatom
HTM
$ 0.01573469
-0.04%
-0.01%
+4.91%
$ 1.27M
$ 909.96
34
Reservoir
Reservoir
DAM
$ 0.00420731
+1.09%
-0.18%
+41.09%
$ 1.06M
$ 83.88K
35
TrueFi
TrueFi
TRU
$ 0.00079201
+0.03%
-0.09%
-47.32%
$ 995.57K
$ 22.74K
36
MEZO
MEZO
MEZO
$ 0.009708
+0.28%
-1.57%
-10.87%
$ 835.38K
$ 5.53M
37
Radiant Capital
Radiant Capital
RDNT
$ 0.00058034
-1.62%
-0.00%
+5.98%
$ 833.64K
$ 34.08K
38
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01719058
+0.06%
-0.04%
-63.01%
$ 699.42K
$ 1.23K
39
Nostra
Nostra
NSTR
$ 0.00567576
+0.44%
+0.02%
+0.81%
$ 567.54K
$ 1.22K
40
Celsius Network
Celsius Network
CEL
$ 0.0116432
+0.03%
+0.00%
-0.74%
$ 415.90K
$ 662.78
41
Silo Finance
Silo Finance
SILO
$ 0.00061787
0.00%
--
0.00%
$ 378.27K
$ 9.18
42
DefiTuna
DefiTuna
TUNA
$ 0.00120071
+3.20%
+0.02%
-2.41%
$ 338.00K
$ 708.36
43
Notional Finance
Notional Finance
NOTE
$ 0.00605472
-0.05%
+0.04%
-5.07%
$ 284.76K
$ 210.18
44
LO0P
LO0P
LO0P
$ 0.213018
0.00%
+0.03%
+1.14%
$ 213.02K
$ 153.41
45
dForce
dForce
DF
$ 0.00014481
-0.01%
+0.18%
-52.24%
$ 144.80K
$ 304.06
46
Pixie Dust
Pixie Dust
DUST
$ 0.04754722
+0.03%
-0.05%
-13.61%
$ 131.58K
$ 3.51K
47
Neptune
Neptune
NEPT
$ 0.03005619
-0.01%
0.00%
-13.00%
$ 116.94K
$ 73.23
48
BendDAO
BendDAO
BEND
$ 2.727E-5
0.00%
0.00%
+4.16%
$ 112.31K
--
49
Paystream
Paystream
PAYS
$ 0.03469999
0.00%
--
-4.18%
$ 111.16K
$ 0.34
50
Pike Finance
Pike Finance
P
$ 0.00038258
0.00%
--
-0.27%
$ 88.03K
$ 2.56

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.