Total Value Locked (USD)

$2.14B

Compound Dominance

31.09%

Total Value Locked (USD) in DeFi

TVL (USD)
ETH
BTC
DAI

All
1 Year
90 Day
30 Day
7 Day

All

Lending

DEXes

Derivatives

Payments

Assets

		Name	Chain	Category	Locked (USD)	1 Day %
🏆	1.	Compound	Ethereum	Lending	$664.6M	3.78%
🥈	2.	Maker	Ethereum	Lending	$628.5M	3.73%
🥉	3.	Synthetix	Ethereum	Derivatives	$393.5M	16.43%
	4.	Balancer	Ethereum	DEXes	$158.8M	-1.01%
	5.	Aave	Ethereum	Lending	$158.4M	2.67%
	6.	InstaDApp	Ethereum	Lending	$111.4M	2.42%
	7.	WBTC	Ethereum	Assets	$102.8M	2.50%
	8.	Flexa	Ethereum	Payments	$66.0M	6.39%
	9.	dYdX	Ethereum	Lending	$36.9M	5.35%
	10.	RenVM	Ethereum	Assets	$32.2M	3.48%
	11.	Bancor	Ethereum	DEXes	$21.5M	1.04%
	12.	Set Protocol	Ethereum	Assets	$16.2M	1.40%
	13.	Uniswap V1	Ethereum	DEXes	$13.9M	-1.10%
	14.	Loopring	Ethereum	DEXes	$9.4M	3.61%
	15.	Lightning Network	Bitcoin	Payments	$9.4M	1.49%
	16.	Kyber	Ethereum	DEXes	$7.0M	4.49%
	17.	Nexus Mutual	Ethereum	Derivatives	$5.2M	11.19%
	18.	DeversiFi	Ethereum	DEXes	$3.0M	-4.14%
	19.	DDEX	Ethereum	Lending	$3.0M	-0.07%
	20.	dForce	Ethereum	Assets	$2.5M	-0.12%
	21.	Nuo Network	Ethereum	Lending	$2.3M	3.53%
	22.	Erasure	Ethereum	Derivatives	$2.3M	0.00%
	23.	RAY	Ethereum	Lending	$1.8M	2.12%
	24.	MCDEX	Ethereum	Derivatives	$1.5M	103.45%
	25.	Dharma	Ethereum	Lending	$1.4M	0.77%
	26.	Opyn	Ethereum	Derivatives	$1.1M	7.84%
	27.	Melon	Ethereum	Assets	$1.1M	2.52%
	28.	bZx	Ethereum	Lending	$770.3K	3.50%
	29.	Augur	Ethereum	Derivatives	$390.5K	2.86%
	30.	xDai	Ethereum	Payments	$54.3K	1.05%
	31.	Veil	Ethereum	Derivatives	$31.7K	2.86%
	32.	Connext	Ethereum	Payments	$12.7K	0.93%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

The first step to getting listed on DeFi Pulse is to apply to be listed on The DeFi List. You can find more information about the listing process here.