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
$ 146.54
-0.22%
+6.24%
+1.69%
$ 2.25B
$ 2.38K
2
MORPHO
MORPHO
MORPHO
$ 2.9009
-1.28%
+8.03%
+6.64%
$ 1.54B
$ 70.85K
3
Olympus
Olympus
OHM
$ 20.29
0.00%
+0.01%
+0.59%
$ 302.72M
$ 200.89K
4
Maple Finance
Maple Finance
SYRUP
$ 0.21901
-0.56%
+9.08%
-1.33%
$ 260.59M
$ 382.79K
5
Compound
Compound
COMP
$ 23.86
-0.25%
+1.71%
+10.31%
$ 238.60M
$ 3.17K
6
Kamino
Kamino
KMNO
$ 0.0388
+0.42%
+6.17%
+34.64%
$ 217.07M
$ 2.33M
7
Spark
Spark
SPK
$ 0.02213
+0.23%
+10.11%
+3.20%
$ 68.53M
$ 4.26M
8
Venus
Venus
XVS
$ 3.3074
-0.49%
+1.43%
+3.30%
$ 53.92M
$ 17.59K
9
deBridge
deBridge
DBR
$ 0.02405
-1.41%
+17.47%
+52.76%
$ 45.81M
$ 3.93M
10
Lista DAO
Lista DAO
LISTA
$ 0.0833
-0.24%
+3.78%
+1.53%
$ 39.13M
$ 687.06K
11
Teller
Teller
DEBIT
$ 2.08
+0.48%
+0.01%
-15.45%
$ 35.79M
$ 4.78M
12
Euler Finance
Euler Finance
EUL
$ 1.4224
-0.94%
+2.31%
-1.51%
$ 34.10M
$ 44.31K
13
BENQI
BENQI
BENQI
$ 0.0043
+32.85%
+220.81%
+241.95%
$ 33.63M
$ 77.41M
14
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003369
-0.24%
+2.04%
+2.32%
$ 33.45M
$ 2.74T
15
CoinDepo
CoinDepo
COINDEPO
$ 0.10773
-0.31%
+0.82%
+1.00%
$ 26.91M
$ 3.37M
16
Zest Protocol
Zest Protocol
ZEST
$ 0.17867
+0.51%
-3.94%
+25.16%
$ 25.81M
$ 647.48K
17
Quantix Finance
Quantix Finance
QFI
$ 18.867
-0.54%
+4.22%
-2.43%
$ 18.60M
$ 7.70K
18
Dolomite
Dolomite
DOLO
$ 0.03107
+0.91%
+3.56%
+19.29%
$ 13.74M
$ 2.01M
19
EVAA Protocol
EVAA Protocol
EVAA
$ 0.7202
-0.80%
+3.88%
+18.63%
$ 12.92M
$ 144.84K
20
Wise
Wise
WISE
$ 0.14584
-0.19%
+0.02%
+2.17%
$ 12.69M
$ 993.97
21
Avalon
Avalon
AVL
$ 0.02440151
-0.14%
+0.08%
+12.51%
$ 9.94M
$ 585.25K
22
Moonwell
Moonwell
WELL
$ 0.00212053
+0.37%
+0.04%
+6.19%
$ 9.66M
$ 1.76M
23
NAVI Protocol
NAVI Protocol
NAVX
$ 0.011725
+1.55%
+8.39%
+21.36%
$ 9.65M
$ 5.20M
24
Liqwid Finance
Liqwid Finance
LQ
$ 0.384368
-0.77%
+0.11%
+26.54%
$ 7.81M
$ 6.62K
25
Yei Finance
Yei Finance
CLO
$ 0.05994
-0.15%
-0.15%
-14.14%
$ 7.74M
$ 1.90M
26
Abelian
Abelian
ABEL
$ 0.06163
-0.13%
+1.70%
-2.03%
$ 7.54M
$ 237.21K
27
Gearbox
Gearbox
GEAR
$ 0.00068251
+0.02%
+0.14%
+87.33%
$ 6.83M
$ 21.01K
28
Xauras
Xauras
XRS
$ 0.02980289
0.00%
0.00%
+0.02%
$ 6.66M
$ 13.78K
29
Grove
Grove
GROVE
$ 0.00771564
-1.00%
-0.00%
+0.49%
$ 6.02M
$ 165.86K
30
HyperLend
HyperLend
HPL
$ 0.01297787
+0.04%
+0.07%
+20.07%
$ 5.11M
$ 30.79K
31
Suilend
Suilend
SEND
$ 0.067391
+0.15%
+0.07%
+9.55%
$ 5.10M
$ 7.70K
32
Goldfinch
Goldfinch
GFI
$ 0.04583624
-3.69%
-0.11%
+59.37%
$ 4.37M
$ 1.20M
33
NetNet
NetNet
NET
$ 647.9
-0.53%
+0.01%
-11.67%
$ 3.13M
$ 3.52M
34
Hatom
Hatom
HTM
$ 0.03376415
0.00%
--
+5.02%
$ 3.13M
$ 6.66K
35
MEZO
MEZO
MEZO
$ 0.00461856
-0.19%
-0.01%
-3.09%
$ 2.31M
$ 757.03K
36
TrueFi
TrueFi
TRU
$ 0.00080879
+0.01%
-0.01%
-12.36%
$ 1.02M
$ 6.12K
37
Scallop
Scallop
SCA
$ 0.00482903
-1.27%
+0.01%
+4.02%
$ 790.47K
$ 48.17K
38
DefiTuna
DefiTuna
TUNA
$ 0.00237295
-1.28%
-0.11%
-20.71%
$ 667.98K
$ 112.28
39
Radiant Capital
Radiant Capital
RDNT
$ 0.00044475
-1.16%
-0.04%
-13.54%
$ 639.07K
$ 73.91K
40
Reservoir
Reservoir
DAM
$ 0.0021377
0.00%
+0.12%
+17.37%
$ 593.31K
$ 850.10
41
Nostra
Nostra
NSTR
$ 0.00532396
-0.28%
+0.02%
-2.58%
$ 532.40K
$ 147.25
42
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01231435
0.00%
+0.00%
+5.38%
$ 501.02K
$ 161.58
43
Notional Finance
Notional Finance
NOTE
$ 0.00632912
-0.26%
+0.02%
+1.66%
$ 392.31K
$ 1.03
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
0.00%
$ 377.99K
$ 9.10
45
Blend
Blend
BLND
$ 0.0055882
-0.22%
-0.04%
-2.44%
$ 375.20K
$ 2.10K
46
LO0P
LO0P
LO0P
$ 0.333413
-0.18%
+0.02%
+3.40%
$ 333.41K
$ 360.10
47
Celsius Network
Celsius Network
CEL
$ 0.00636201
+0.06%
+0.05%
+7.38%
$ 227.05K
$ 62.07
48
BendDAO
BendDAO
BEND
$ 3.874E-5
0.00%
0.00%
-20.11%
$ 159.74K
--
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00076139
-0.12%
-0.00%
-4.62%
$ 115.48K
$ 506.22
50
dForce
dForce
DF
$ 0.00010339
+0.01%
+0.04%
+0.13%
$ 103.38K
$ 18.64

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.