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
$ 63.14
-0.63%
+3.73%
-22.03%
$ 975.95M
$ 9.44K
2
MORPHO
MORPHO
MORPHO
$ 1.7166
-0.44%
+4.02%
-13.76%
$ 861.94M
$ 47.66K
3
Olympus
Olympus
OHM
$ 18.02
+0.11%
+2.87%
-4.25%
$ 270.03M
$ 110.10K
4
Compound
Compound
COMP
$ 16.47
0.00%
+4.42%
-7.81%
$ 164.98M
$ 4.84K
5
Maple Finance
Maple Finance
SYRUP
$ 0.12997
-0.30%
+2.30%
-15.27%
$ 155.03M
$ 465.00K
6
Mustang
Mustang
MUST
$ 0.503016
0.00%
0.00%
0.00%
$ 77.65M
$ 5.62
7
Kamino
Kamino
KMNO
$ 0.01501
-0.99%
+5.92%
-15.79%
$ 71.87M
$ 4.00M
8
Quantix Finance
Quantix Finance
QFI
$ 55.568
-0.44%
-1.75%
-7.85%
$ 55.64M
$ 7.50K
9
Spark
Spark
SPK
$ 0.01922
-0.46%
+1.36%
-15.74%
$ 53.66M
$ 3.10M
10
Zest Protocol
Zest Protocol
ZEST
$ 0.2928
+0.39%
+7.88%
+86.09%
$ 42.23M
$ 1.66M
11
Venus
Venus
XVS
$ 2.34
-0.59%
+2.57%
-9.98%
$ 38.39M
$ 31.33K
12
Yei Finance
Yei Finance
CLO
$ 0.23865
-2.15%
+17.18%
+119.23%
$ 30.07M
$ 4.18M
13
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000002878
+0.10%
+5.70%
-17.73%
$ 28.87M
$ 3.17T
14
deBridge
deBridge
DBR
$ 0.01453
-1.16%
+2.11%
+0.90%
$ 27.93M
$ 3.82M
15
Lista DAO
Lista DAO
LISTA
$ 0.05295
-0.73%
+2.73%
-22.20%
$ 21.69M
$ 1.07M
16
Euler Finance
Euler Finance
EUL
$ 0.8904
-0.30%
+3.40%
-33.48%
$ 21.37M
$ 71.82K
17
CoinDepo
CoinDepo
COINDEPO
$ 0.07605
+0.01%
+0.05%
+0.04%
$ 19.03M
$ 3.35M
18
Moonwell
Moonwell
WELL
$ 0.00358043
+2.04%
+3.37%
-13.17%
$ 15.82M
$ 2.38M
19
Dolomite
Dolomite
DOLO
$ 0.02269
-0.26%
+3.29%
-22.87%
$ 10.11M
$ 2.78M
20
BENQI
BENQI
QI
$ 0.00136411
-0.10%
+1.56%
-12.58%
$ 9.82M
$ 603.75K
21
Goldfinch
Goldfinch
GFI
$ 0.1109
-0.80%
+4.22%
-15.13%
$ 9.69M
$ 643.38K
22
Abelian
Abelian
ABEL
$ 0.06625
0.00%
+0.64%
-4.68%
$ 7.78M
$ 244.27K
23
EVAA Protocol
EVAA Protocol
EVAA
$ 0.3402
+0.35%
+6.95%
-16.36%
$ 6.07M
$ 336.29K
24
NAVI Protocol
NAVI Protocol
NAVX
$ 0.006823
-1.03%
+5.65%
-23.62%
$ 5.56M
$ 8.93M
25
HyperLend
HyperLend
HPL
$ 0.01254968
+1.22%
-1.21%
-29.57%
$ 4.84M
$ 16.95K
26
Avalon
Avalon
AVL
$ 0.02813
-0.84%
+6.54%
-13.44%
$ 4.58M
$ 1.86M
27
Suilend
Suilend
SEND
$ 0.05152
-0.50%
+2.60%
-9.08%
$ 3.60M
$ 2.56M
28
Gearbox
Gearbox
GEAR
$ 0.00033456
-0.01%
+5.63%
-13.12%
$ 3.35M
$ 1.20K
29
Liqwid Finance
Liqwid Finance
LQ
$ 0.140745
+0.42%
+3.58%
-18.81%
$ 2.84M
$ 998.58
30
Scallop
Scallop
SCA
$ 0.0137
0.00%
+2.96%
-26.46%
$ 2.21M
$ 112.74K
31
Reservoir
Reservoir
DAM
$ 0.010177
-0.16%
+1.77%
+3.98%
$ 2.03M
$ 5.86M
32
Wise
Wise
WISE
$ 0.089158
-0.02%
+4.22%
-18.36%
$ 1.96M
$ 21.72K
33
Blend
Blend
BLND
$ 0.0485333
+0.03%
-0.14%
-0.77%
$ 1.71M
$ 1.71K
34
MEZO
MEZO
MEZO
$ 0.01616
+0.49%
+0.37%
-38.76%
$ 1.40M
$ 7.87M
35
Hatom
Hatom
HTM
$ 0.01363258
-0.91%
+5.80%
-10.37%
$ 1.07M
$ 2.63K
36
Radiant Capital
Radiant Capital
RDNT
$ 0.00077292
-1.44%
-1.38%
-5.32%
$ 1.00M
$ 481.78K
37
TrueFi
TrueFi
TRU
$ 0.00072934
+2.85%
+6.27%
-14.91%
$ 916.75K
$ 44.74K
38
Pixie Dust
Pixie Dust
DUST
$ 0.381442
+0.09%
+2.88%
+2.88%
$ 669.08K
$ 11.28K
39
Nostra
Nostra
NSTR
$ 0.00552815
-0.01%
+2.03%
-11.05%
$ 552.37K
$ 1.67K
40
Celsius Network
Celsius Network
CEL
$ 0.01331587
-2.24%
+12.44%
-12.17%
$ 492.97K
$ 1.26K
41
dForce
dForce
DF
$ 0.00038308
-0.03%
+3.92%
+3.26%
$ 382.73K
$ 17.37
42
Seamless Protocol
Seamless Protocol
SEAM
$ 0.00931372
0.00%
-9.34%
-11.58%
$ 378.85K
$ 1.64K
43
DefiTuna
DefiTuna
TUNA
$ 0.00126126
-1.25%
-15.89%
-24.61%
$ 355.08K
$ 893.31
44
Notional Finance
Notional Finance
NOTE
$ 0.00588096
0.00%
+3.08%
-18.24%
$ 276.57K
$ 3.23
45
Silo Finance
Silo Finance
SILO
$ 0.00042525
0.00%
+1.67%
-34.47%
$ 260.34K
$ 32.93
46
Paystream
Paystream
PAYS
$ 0.04481601
0.00%
+0.00%
+0.16%
$ 229.91K
$ 9.72K
47
Neptune
Neptune
NEPT
$ 0.04099348
+0.50%
+28.79%
+20.58%
$ 157.13K
$ 3.83K
48
BendDAO
BendDAO
BEND
$ 3.574E-5
0.00%
0.00%
-9.59%
$ 146.74K
--
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00078102
-0.26%
-1.62%
-4.92%
$ 118.45K
$ 1.19K
50
Pike Finance
Pike Finance
P
$ 0.00040533
0.00%
0.00%
-0.01%
$ 93.26K
$ 14.83

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.