DeFi tokens — 104 coins

DeFi — decentralized finance — replaces banks, brokers and exchanges with smart contracts that anyone can use without permission. The tokens in this sector govern and, in some cases, earn from those protocols: the automated market makers that let you swap assets, the lending markets that pay yield on deposits, the perpetual-futures venues, and the yield-routing layers stacked on top of all of them.

Valuing a DeFi token is genuinely hard, because "the protocol is useful" and "the token captures that value" are two separate claims. Some tokens earn a real cut of fees; others are governance rights with no direct cash flow. The most reliable signal is usually how much capital the protocol actually holds and how durable that demand is across a full market cycle. The 104 DeFi tokens below are sorted by market cap. Open any of them for live price, market data, the sector context that moves it, and our forecast across every horizon.