cToken

List of top cToken coins by market cap. The current cToken coin market cap is $157.77M , which has changed by +0.11% in the past 24 hours; the cToken coin trading volume is $19.33, which has changed by 0.00% in the past 24 hours. There are 4 cryptocurrencies in the cToken coin list today.
cToken refers to a tokenized representation of assets supplied to lending protocols, most notably Compound Finance. When users deposit cryptocurrency into a lending platform, they receive cTokens in return, which represent their claim to the underlying assets plus accrued interest. For example, supplying Ethereum generates cETH, while supplying USDC generates cUSDC. These tokens are essential to decentralized finance as they enable users to earn yield on idle assets while maintaining composability within the DeFi ecosystem. cTokens can be transferred, traded, or used as collateral in other protocols, making them highly versatile. The exchange rate between cTokens and underlying assets increases over time as interest accrues, meaning holders benefit from lending activity without actively managing their positions. This tokenization model has become a standard in DeFi, inspiring similar implementations across various lending platforms and protocols seeking to maximize capital efficiency and user returns.