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
$ 92.7
+0.03%
-1.75%
-1.75%
$ 1.43B
$ 3.20K
2
MORPHO
MORPHO
MORPHO
$ 2.0937
+0.22%
-2.07%
-2.07%
$ 1.02B
$ 129.32K
3
Maple Finance
Maple Finance
SYRUP
$ 0.24883
+0.72%
+1.75%
+1.75%
$ 296.86M
$ 287.05K
4
Olympus
Olympus
OHM
$ 19.31
-0.05%
-0.18%
-0.05%
$ 288.94M
--
5
Compound
Compound
COMP
$ 21.86
+0.37%
-6.98%
-6.98%
$ 217.98M
$ 4.06K
6
Kamino
Kamino
KMNO
$ 0.02353
+0.04%
+4.01%
+4.01%
$ 107.44M
$ 4.27M
7
Spark
Spark
SPK
$ 0.03707
-0.29%
+5.06%
+5.06%
$ 99.63M
$ 1.93M
8
Mustang
Mustang
MUST
$ 0.499553
0.00%
-34.03%
0.00%
$ 77.11M
--
9
Quantix Finance
Quantix Finance
QFI
$ 60.485
-1.45%
-0.76%
-0.76%
$ 60.47M
$ 4.55K
10
Venus
Venus
XVS
$ 2.6973
+0.12%
+1.00%
+1.00%
$ 43.98M
$ 24.44K
11
Dogelon Mars
Dogelon Mars
ELON
$ 0.00000003947
+0.25%
-0.68%
-0.68%
$ 39.45M
$ 2.29T
12
Euler Finance
Euler Finance
EUL
$ 1.4667
+0.19%
+5.01%
+5.01%
$ 35.15M
$ 42.78K
13
Lista DAO
Lista DAO
LISTA
$ 0.08776
-0.27%
-1.83%
-1.83%
$ 31.96M
$ 742.16K
14
deBridge
deBridge
DBR
$ 0.01367
-0.58%
+0.37%
+0.37%
$ 26.33M
$ 4.04M
15
Yei Finance
Yei Finance
CLO
$ 0.1487
+3.00%
+25.65%
+25.65%
$ 19.79M
$ 2.58M
16
Moonwell
Moonwell
WELL
$ 0.00429527
-0.50%
-1.31%
-0.50%
$ 19.45M
--
17
CoinDepo
CoinDepo
COINDEPO
$ 0.07343
-0.94%
-0.70%
-0.70%
$ 18.21M
$ 1.88M
18
Goldfinch
Goldfinch
GFI
$ 0.1783
0.00%
-6.62%
-6.62%
$ 15.54M
$ 380.12K
19
Dolomite
Dolomite
DOLO
$ 0.03432
+0.86%
+3.77%
+3.77%
$ 15.08M
$ 1.88M
20
BENQI
BENQI
QI
$ 0.0018328
-0.11%
+1.83%
-0.11%
$ 13.20M
--
21
Save
Save
SAVE
$ 0.189869
-0.16%
-0.03%
-0.16%
$ 9.49M
--
22
Abelian
Abelian
ABEL
$ 0.07105
-0.10%
-0.32%
-0.32%
$ 8.25M
$ 114.48K
23
NAVI Protocol
NAVI Protocol
NAVX
$ 0.009049
-0.02%
+1.94%
+1.94%
$ 7.38M
$ 5.88M
24
Suilend
Suilend
SEND
$ 0.08364
+0.05%
-1.42%
-1.42%
$ 5.75M
$ 632.01K
25
HyperLend
HyperLend
HPL
$ 0.01462243
+3.58%
-1.52%
+3.58%
$ 5.58M
--
26
EVAA Protocol
EVAA Protocol
EVAA
$ 0.6936
+1.48%
-5.12%
-5.12%
$ 4.71M
$ 746.51K
27
Avalon
Avalon
AVL
$ 0.02705
+0.33%
-0.44%
-0.44%
$ 4.38M
$ 2.00M
28
Liqwid Finance
Liqwid Finance
LQ
$ 0.19229
-0.08%
-1.00%
-0.08%
$ 3.90M
--
29
Wise
Wise
WISE
$ 0.126358
+0.09%
-1.49%
+0.09%
$ 2.96M
--
30
Gearbox
Gearbox
GEAR
$ 0.00028511
+0.87%
-3.85%
+0.87%
$ 2.85M
--
31
Scallop
Scallop
SCA
$ 0.0168
0.00%
0.00%
0.00%
$ 2.62M
$ 53.15K
32
DefiTuna
DefiTuna
TUNA
$ 0.00920381
+0.02%
-10.59%
+0.02%
$ 2.59M
--
33
Radiant
Radiant
RDNT
$ 0.00178
+0.06%
-0.56%
-0.56%
$ 2.51M
$ 30.69M
34
Seamless Protocol
Seamless Protocol
SEAM
$ 0.061071
-1.49%
-16.27%
-1.49%
$ 2.48M
--
35
Reservoir
Reservoir
DAM
$ 0.010514
-3.37%
-3.68%
-3.68%
$ 2.06M
$ 6.70M
36
Blend
Blend
BLND
$ 0.050529
-0.35%
-0.22%
-0.35%
$ 1.78M
--
37
TrueFi
TrueFi
TRU
$ 0.00139317
+3.79%
+0.60%
+3.79%
$ 1.75M
--
38
Nostra
Nostra
NSTR
$ 0.00707722
+1.56%
-1.44%
+1.56%
$ 707.80K
--
39
Celsius Network
Celsius Network
CEL
$ 0.01891991
-0.09%
-0.58%
-0.09%
$ 675.75K
--
40
Silo Finance
Silo Finance
SILO
$ 0.00092956
+1.79%
+2.34%
+1.79%
$ 568.84K
--
41
Pixie Dust
Pixie Dust
DUST
$ 0.522832
-2.55%
+3.07%
-2.55%
$ 516.32K
--
42
Notional Finance
Notional Finance
NOTE
$ 0.00889283
+2.17%
-0.26%
+2.17%
$ 417.37K
--
43
Paystream
Paystream
PAYS
$ 0.04350285
+9.17%
-0.01%
+9.17%
$ 385.76K
--
44
dForce
dForce
DF
$ 0.00030973
-13.02%
-0.36%
-13.02%
$ 309.71K
--
45
Hatom
Hatom
HTM
$ 0.01527
-0.07%
-0.97%
-0.97%
$ 254.68K
$ 3.63M
46
Neptune
Neptune
NEPT
$ 0.03796809
+2.61%
-1.86%
+2.61%
$ 146.47K
--
47
BendDAO
BendDAO
BEND
$ 3.477E-5
-1.97%
-2.49%
-1.97%
$ 142.43K
--
48
Pike Finance
Pike Finance
P
$ 0.00046336
0.00%
-0.63%
0.00%
$ 106.61K
--
49
Alpaca Finance
Alpaca Finance
ALPACA
$ 0.00052028
+0.19%
+2.23%
+0.19%
$ 78.83K
--
50
Mendi Finance
Mendi Finance
MENDI
$ 0.0004221
+0.23%
-0.12%
+0.23%
$ 23.34K
--

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.