Top Lending & Borrowing Protocol Tokens by Market Capitalisation

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralise 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 utilised for decentralised governance, revenue sharing, and incentivising protocol liquidity.

#
Coin
Price
Last 7 Days
Action
1
AaveToken
AaveToken
AAVE
$ 89.81
+0.12%
+0.91%
+0.22%
$ 1.38B
$ 2.83K
2
MORPHO
MORPHO
MORPHO
$ 1.8605
+0.57%
-1.88%
-3.96%
$ 934.80M
$ 49.33K
3
Olympus
Olympus
OHM
$ 18.68
+0.05%
+0.00%
+0.97%
$ 279.05M
$ 67.24K
4
Maple Finance
Maple Finance
SYRUP
$ 0.15171
+0.14%
-1.49%
-2.64%
$ 180.72M
$ 398.83K
5
Compound
Compound
COMP
$ 17.15
+0.41%
+4.30%
+3.10%
$ 169.80M
$ 5.55K
6
Kamino
Kamino
KMNO
$ 0.01939
+0.15%
+7.23%
+8.00%
$ 94.75M
$ 9.22M
7
Quantix Finance
Quantix Finance
QFI
$ 56.189
-0.47%
-3.30%
-1.86%
$ 56.05M
$ 9.26K
8
Venus
Venus
XVS
$ 2.7177
+0.13%
+1.11%
-0.76%
$ 44.45M
$ 21.04K
9
Spark
Spark
SPK
$ 0.01507
+0.20%
-2.27%
-4.86%
$ 42.16M
$ 3.62M
10
Zest Protocol
Zest Protocol
ZEST
$ 0.21704
+1.45%
-0.35%
-13.30%
$ 31.72M
$ 336.76K
11
Euler Finance
Euler Finance
EUL
$ 1.2584
-0.40%
-4.50%
-19.22%
$ 29.97M
$ 87.03K
12
deBridge
deBridge
DBR
$ 0.01443
-0.34%
+3.62%
+4.07%
$ 28.06M
$ 3.60M
13
CoinDepo
CoinDepo
COINDEPO
$ 0.11108
+0.11%
-3.61%
+9.99%
$ 27.84M
$ 3.18M
14
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002681
+0.11%
-2.19%
-5.70%
$ 26.76M
$ 3.13T
15
Lista DAO
Lista DAO
LISTA
$ 0.05384
-0.15%
+0.82%
+0.94%
$ 22.04M
$ 1.09M
16
Yei Finance
Yei Finance
CLO
$ 0.12202
+0.84%
+1.65%
-1.34%
$ 15.73M
$ 551.30K
17
EVAA Protocol
EVAA Protocol
EVAA
$ 0.8419
-0.48%
-1.01%
-2.89%
$ 15.06M
$ 134.06K
18
Moonwell
Moonwell
WELL
$ 0.0029964
-3.46%
-0.01%
+1.57%
$ 13.57M
$ 1.03M
19
Dolomite
Dolomite
DOLO
$ 0.02239
+0.04%
-0.97%
+5.02%
$ 9.88M
$ 2.53M
20
Wise
Wise
WISE
$ 0.104055
+0.18%
0.00%
+4.29%
$ 9.03M
$ 1.63K
21
BENQI
BENQI
BENQI
$ 0.001235
+0.08%
+0.65%
-0.89%
$ 8.86M
$ 47.55M
22
Abelian
Abelian
ABEL
$ 0.06487
+0.12%
-3.86%
-4.95%
$ 7.64M
$ 211.56K
23
Xauras
Xauras
XRS
$ 0.02978706
0.00%
0.00%
+0.03%
$ 6.66M
$ 15.91K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.007645
-0.64%
-1.50%
-7.33%
$ 6.17M
$ 7.41M
25
Suilend
Suilend
SEND
$ 0.050753
+0.06%
-0.01%
-1.09%
$ 3.73M
$ 866.08
26
Liqwid Finance
Liqwid Finance
LQ
$ 0.180503
+0.31%
-0.01%
+6.90%
$ 3.67M
$ 395.18
27
Gearbox
Gearbox
GEAR
$ 0.0003656
+0.11%
+0.10%
+3.88%
$ 3.66M
$ 15.05K
28
HyperLend
HyperLend
HPL
$ 0.01082637
+0.14%
-0.01%
-7.69%
$ 3.62M
$ 28.40K
29
Avalon
Avalon
AVL
$ 0.01693
-0.18%
+0.89%
+1.62%
$ 2.74M
$ 3.26M
30
Blend
Blend
BLND
$ 0.03973495
+0.51%
+0.01%
-3.83%
$ 2.67M
$ 4.81K
31
Goldfinch
Goldfinch
GFI
$ 0.03019
+0.30%
-5.67%
+0.30%
$ 2.64M
$ 1.87M
32
Hatom
Hatom
HTM
$ 0.01522601
-0.11%
-0.05%
-1.65%
$ 1.23M
$ 2.60K
33
Scallop
Scallop
SCA
$ 0.0065
0.00%
-1.52%
-16.67%
$ 1.04M
$ 119.34K
34
TrueFi
TrueFi
TRU
$ 0.00082071
-0.89%
-0.00%
+13.02%
$ 1.03M
$ 6.97K
35
Reservoir
Reservoir
DAM
$ 0.00319816
+0.01%
-0.05%
-7.93%
$ 823.67K
$ 2.84K
36
MEZO
MEZO
MEZO
$ 0.007693
+0.01%
-4.00%
-12.94%
$ 656.70K
$ 7.10M
37
Seamless Protocol
Seamless Protocol
SEAM
$ 0.01597806
0.00%
+0.14%
-2.24%
$ 650.08K
$ 1.31K
38
Radiant Capital
Radiant Capital
RDNT
$ 0.0004409
-2.11%
-0.02%
-10.77%
$ 633.55K
$ 66.14K
39
Nostra
Nostra
NSTR
$ 0.0055958
+0.19%
-0.02%
+1.83%
$ 559.70K
$ 16.06
40
Notional Finance
Notional Finance
NOTE
$ 0.00551128
+0.14%
--
+2.04%
$ 538.16K
$ 182.55
41
DefiTuna
DefiTuna
TUNA
$ 0.00154253
+0.16%
+0.02%
+26.52%
$ 434.22K
$ 95.96
42
LO0P
LO0P
LO0P
$ 0.421277
+0.13%
+0.14%
-7.63%
$ 421.32K
$ 31.10K
43
Celsius Network
Celsius Network
CEL
$ 0.01169134
+0.04%
+0.03%
+4.62%
$ 417.60K
$ 378.61
44
Silo Finance
Silo Finance
SILO
$ 0.00061742
0.00%
--
-0.07%
$ 377.99K
$ 9.10
45
BendDAO
BendDAO
BEND
$ 2.885E-5
0.00%
+2.40%
+5.79%
$ 118.82K
--
46
dForce
dForce
DF
$ 0.00010352
0.00%
--
-8.91%
$ 103.51K
$ 1.08
47
Paystream
Paystream
PAYS
$ 0.03034493
0.00%
--
-0.07%
$ 97.21K
$ 1.66
48
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00060655
+0.13%
-0.00%
+9.69%
$ 91.99K
$ 115.99
49
Pixie Dust
Pixie Dust
DUST
$ 0.03114758
+0.01%
-0.01%
-8.86%
$ 89.07K
$ 3.55K
50
Pike Finance
Pike Finance
P
$ 0.00037723
0.00%
0.00%
-0.54%
$ 86.79K
$ 5.59

Frequently Asked Questions

How do decentralised lending and borrowing protocols function without traditional banks?
Decentralised 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-collateralisation in decentralised finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralisation 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 utilisation 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.