DeFi（Decentralized Finance，去中心化金融），又称Open Finance，是构建在区块链（主要为以太坊）上的开放式金融协议系统，旨在通过智能合约实现无需许可、无需中介的金融服务，让全球任何人都能随时随地参与借贷、交易、储蓄、投资等金融活动。主要分类包括：去中心化交易所（DEX）、稳定币（Stablecoin）、借贷协议（Lending）、资产管理（Asset Management）等。 【成长历程】2017-2018年，MakerDAO推出DAI稳定币，奠定DeFi基础；2019年，Compound协议上线，开启借贷赛道；2020年上半年，Compound推出流动性挖矿（Yield Farming），引爆「DeFi Summer」浪潮，各协议TVL迅速增长；2021年，Uniswap、Aave、Curve等头部协议快速发展，跨链DeFi生态开始涌现（如Solana、Polygon、BNB Chain）；2022-2023年，经历Terra/FTX等事件后DeFi进入调整与合规探索期；2023-2025年，RWA（现实世界资产）代币化、Restaking（再质押）等新叙事推动DeFi进入第二波增长，TVL多次突破千亿美元级别。 【主要成就】截至2025年，DeFi总锁仓价值（TVL）曾多次突破2000亿美元；Uniswap累计交易额超3万亿美元；MakerDAO成为最大的去中心化稳定币发行方之一，DAI市值超百亿美元；Aave管理贷款超百亿美元；去中心化稳定币总市值超300亿美元；DeFi协议催生了完全无需银行中介的全球化金融体系，推动了智能合约、AMM（自动做市商）、闪电贷等创新技术的发展，被视为Web3金融基础设施的核心组成部分。
| # | 名称 | 价格 | 24h涨跌 | 24h 成交额 | 市值 | 7日走势 |
|---|---|---|---|---|---|---|
| 1 |
 0x协议ZRX
|
$0.102 | +1.09% | $242.75万 | $8,644.46万 | |
| 2 |
 1inch Token1INCH
|
$0.08764 | -1.28% | $260.79万 | $9,020.20万 | |
| 3 |
 AaveAAVE
|
$134.77 | -0.86% | $1.87亿 | $20.78亿 | |
| 4 |
 AirSwapAST
|
$0.004981 | +4.45% | $1.18万 | $74.72万 | |
| 5 |
 StellaALPHA
|
$0.00043 | -0.74% | $1,733.00 | $34.35万 | |
| 6 |
 American Express Tokenized Stock (Ondo)AXPON
|
$318.49 | +0.7% | $24.10万 | $87.05万 | |
| 7 |
 Amgen Tokenized Stock (Ondo)AMGNON
|
$451.03 | +0.52% | $25.01万 | $6.11万 | |
| 8 |
 AmpleforthAMPL
|
$0.0 | 0% | $0 | $0.0 | |
| 9 |
 Analog Devices Tokenized Stock (Ondo)ADION
|
$412.99 | +5.02% | $24.76万 | $1,726.30 | |
| 10 |
 Anchor ProtocolANC
|
$0.0 | 0% | $0 | $0.0 | |
| 11 |
 阿拉贡ANT
|
$0.1188 | +145.45% | $749.41 | $470.56万 | |
| 12 |
 Atlas DEXATLASDEX
|
$0.03919 | +0.2% | $1.71万 | $239.54万 | |
| 13 |
 AutoLayerLAY3R
|
$0.0 | 0% | $0 | $0.0 | |
| 14 |
 AvalancheAVAX
|
$8.9002 | -0.37% | $1.55亿 | $38.43亿 | |
| 15 |
 AWE NetworkAWE
|
$0.063972 | +2.82% | $43.59万 | $1.24亿 | |
| 16 |
 BabylonBABY
|
$0.01384 | +4.71% | $1,464.62万 | $3,174.95万 | |
| 17 |
 面包BAKE
|
$0.000366 | +1.24% | $2,824.00 | $7.08万 | |
| 18 |
 BalancerBAL
|
$0.1217 | +3.49% | $1.91万 | $84.51万 | |
| 19 |
 BancorBNT
|
$0.2968 | +0.24% | $27.66万 | $8,168.29万 | |
| 20 |
 半岛协议BAND
|
$0.2024 | -0.3% | $27.90万 | $712.28万 | |
| 21 |
 比原链BTM
|
$0.006683 | -0.54% | $1,715.00 | $1,096.36万 | |
| 22 |
 bZx ProtocolBZRX
|
$0.0 | 0% | $0 | $0.0 | |
| 23 |
 Capital One Tokenized Stock (Ondo)COFON
|
$0.0 | 0% | $0 | $0.0 | |
| 24 |
 ChainLinkLINK
|
$11.3295 | -1.02% | $2.44亿 | $84.76亿 | |
| 25 |
 CHIPCHIP
|
$0.05129 | +16.3% | $28.50 | $1.03亿 | |
| 26 |
 Common WealthWLTH
|
$0.0 | 0% | $0 | $0 | |
| 27 |
 CompoundCOMP
|
$22.1705 | +4.5% | $1,846.33万 | $1.73亿 | |
| 28 |
 ConcreteCT
|
$0.1553 | -4.25% | $1,556.99万 | $1.55亿 | |
| 29 |
 Convex FinanceCVX
|
$2.3578 | -3.27% | $1,016.37万 | $1.86亿 | |
| 30 |
 玉米CORN
|
$0.02459 | -0.04% | $1.33万 | $0 | |
| 31 |
 CreamCREAM
|
$0.4948 | -0.46% | $10.65 | $30.50万 | |
| 32 |
 CurveCRV
|
$0.3385 | -0.82% | $2,744.36万 | $5.18亿 | |
| 33 |
 Dai StablecoinDAI
|
$0.9994 | -0.02% | $30.30万 | $46.44亿 | |
| 34 |
 deBridgeDBR
|
$0.015702 | -2.23% | $460.86万 | $1,835.80万 | |
| 35 |
 DeFi LandDEFILAND
|
$0.0000132 | 0% | $3.38 | $9.45万 | |
| 36 |
 DefiBoxBOX
|
$0.02277 | -3.07% | $2,665.60 | $6.64万 | |
| 37 |
 Dego FinanceDEGO
|
$0.003799 | -0.78% | $1.40万 | $5.38万 | |
| 38 |
 Dexe.networkDEXE
|
$1.543 | -2.09% | $576.42万 | $1.29亿 | |
| 39 |
 DexlabXLAB
|
$0.0 | 0% | $0 | $0 | |
| 40 |
 dForceDF
|
$0.0 | 0% | $0 | $0.0 | |
| 41 |
 DIADIA
|
$0.1435 | +0.56% | $29.68万 | $1,156.26万 | |
| 42 |
 Disney Tokenized Stock (Ondo)DISON
|
$111.68 | -1.75% | $25.05万 | $98.35万 | |
| 43 |
 Dives DefiDDF
|
$0.0 | 0% | $0 | $0.0 | |
| 44 |
 DMGDMG
|
$0.0 | 0% | $0 | $0 | |
| 45 |
 DODO TokenDODO
|
$0.025065 | -12.81% | $1,607.38万 | $1,103.69万 | |
| 46 |
 Drops Ownership PowerDROPS
|
$0.0 | 0% | $0 | $0.0 | |
| 47 |
 dYdXDYDX
|
$0.1063 | -1.02% | $430.00万 | $1,953.43万 | |
| 48 |
 Equinix Tokenized Stock (Ondo)EQIXON
|
$982.52 | +1.35% | $24.18万 | $156.93万 | |
| 49 |
 AaveLEND
|
$0.0 | 0% | $0 | $0.0 | |
| 50 |
 FILDAFILDA
|
$0.0 | 0% | $0 | $0.0 |
