Total Value Locked (USD)

$37.28B

Maker Dominance

15.56%

DeFi Pulse Index

388.89

+12.56
(+3.34%)

Available fromIndexCoop

Total Value Locked (USD) in DeFi

TVL (USD)
ETH
BTC

All
1 Year
90 Day
30 Day

Lending

DEXes

Derivatives

Payments

Assets

		Name	Chain	Category	Locked (USD)	1 Day %
🏆	1.	Maker	Ethereum	Lending	$5.80B	1.13%
🥈	2.	Aave	Ethereum	Lending	$4.68B	3.59%
🥉	3.	Compound	Ethereum	Lending	$4.59B	0.98%
	4.	Curve Finance	Ethereum	DEXes	$3.93B	-1.04%
	5.	Uniswap	Ethereum	DEXes	$3.61B	2.16%
	6.	SushiSwap	Ethereum	DEXes	$3.06B	4.28%
	7.	Synthetix	Ethereum	Derivatives	$2.20B	6.11%
	8.	1inch Liquidity Protocol	Ethereum	DEXes	$1.57B	11.76%
	9.	Badger DAO	Ethereum	Assets	$1.42B	0.73%
	10.	Balancer	Ethereum	DEXes	$1.27B	6.82%
	11.	InstaDApp	Ethereum	Lending	$1.04B	0.48%
	12.	RenVM	Ethereum	Assets	$1.03B	3.00%
	13.	Bancor	Ethereum	DEXes	$841.0M	4.15%
	14.	Alpha Homora	Ethereum	Lending	$653.3M	3.40%
	15.	Flexa	Ethereum	Payments	$460.9M	0.73%
	16.	Harvest Finance	Ethereum	Assets	$432.6M	0.73%
	17.	yearn.finance	Ethereum	Assets	$324.7M	-4.42%
	18.	Vesper	Ethereum	Assets	$322.9M	4.23%
	19.	Nexus Mutual	Ethereum	Derivatives	$242.4M	1.13%
	20.	dYdX	Ethereum	Lending	$230.6M	3.69%
	21.	KEEP Network	Ethereum	Assets	$211.8M	0.07%
	22.	Loopring	Ethereum	DEXes	$191.4M	3.07%
	23.	Set Protocol	Ethereum	Assets	$156.1M	3.84%
	24.	C.R.E.A.M. Finance	Ethereum	Lending	$153.9M	0.14%
	25.	Idle Finance	Ethereum	Lending	$129.0M	2.32%
	26.	Index Coop	Ethereum	Assets	$108.8M	5.03%
	27.	Matic Network	Ethereum	Payments	$88.0M	6.75%
	28.	cvault.finance	Ethereum	Assets	$68.5M	1.12%
	29.	Hegic	Ethereum	Derivatives	$58.4M	8.75%
	30.	TrueFi	Ethereum	Lending	$56.5M	3.92%
	31.	DODO	Ethereum	DEXes	$52.8M	2.34%
	32.	Lightning Network	Bitcoin	Payments	$52.0M	2.53%
	33.	DerivaDEX	Ethereum	Derivatives	$46.2M	0.90%
	34.	mStable	Ethereum	Assets	$44.9M	-1.30%
	35.	DeFi Swap	Ethereum	DEXes	$41.4M	2.00%
	36.	Futureswap	Ethereum	Derivatives	$39.3M	3.44%
	37.	dForce	Ethereum	Assets	$39.1M	-14.73%
	38.	Metronome	Ethereum	Assets	$37.3M	0.97%
	39.	LINKSWAP	Ethereum	DEXes	$36.4M	2.08%
	40.	bZx	Ethereum	Lending	$26.6M	3.11%
	41.	B.Protocol	Ethereum	Lending	$26.1M	1.09%
	42.	xDai	Ethereum	Payments	$24.1M	4.46%
	43.	88mph	Ethereum	Lending	$23.7M	1.41%
	44.	Pickle Finance	Ethereum	Assets	$20.4M	-2.11%
	45.	dHEDGE	Ethereum	Assets	$20.4M	-0.38%
	46.	PowerIndex	Ethereum	DEXes	$20.3M	4.83%
	47.	Gnosis	Ethereum	DEXes	$17.5M	2.21%
	48.	Notional	Ethereum	Lending	$15.8M	2.83%
	49.	Swerve Finance	Ethereum	DEXes	$15.7M	0.44%
	50.	Kyber	Ethereum	DEXes	$12.4M	1.45%
	51.	Siren	Ethereum	Derivatives	$12.2M	-0.75%
	52.	DeversiFi	Ethereum	DEXes	$11.9M	1.77%
	53.	ForTube	Ethereum	Lending	$10.6M	3.55%
	54.	Cover Protocol	Ethereum	Derivatives	$9.3M	0.82%
	55.	Value DeFi	Ethereum	Assets	$8.8M	-1.43%
	56.	Enzyme Finance	Ethereum	Assets	$8.8M	-10.27%
	57.	QIAN	Ethereum	Lending	$8.3M	1.04%
	58.	Opium Network	Ethereum	Derivatives	$8.1M	-8.19%
	59.	Erasure	Ethereum	Derivatives	$8.1M	14.51%
	60.	Opyn	Ethereum	Derivatives	$7.7M	-5.84%
	61.	DDEX	Ethereum	Lending	$7.0M	1.53%
	62.	Value Liquid	Ethereum	DEXes	$5.3M	11.97%
	63.	S Finance	Ethereum	DEXes	$4.5M	-9.86%
	64.	PieDAO	Ethereum	Assets	$4.1M	4.29%
	65.	Dextf	Ethereum	Assets	$3.2M	3.18%
	66.	MCDEX	Ethereum	Derivatives	$2.5M	1.23%
	67.	RAY	Ethereum	Lending	$2.3M	0.27%
	68.	Augur	Ethereum	Derivatives	$2.2M	1.46%
	69.	C.R.E.A.M. Swap	Ethereum	DEXes	$1.8M	1.75%
	70.	DeFiner	Ethereum	Lending	$884.3K	0.43%
	71.	DFI.money	Ethereum	Assets	$781.3K	0.32%
	72.	PerlinX	Ethereum	Derivatives	$719.2K	7.00%
	73.	PEAKDEFI	Ethereum	Assets	$491.1K	11.11%
	74.	Auctus	Ethereum	Derivatives	$211.9K	-0.43%
	75.	UniTrade	Ethereum	DEXes	$81.1K	-1.22%
	76.	Connext	Ethereum	Payments	$12.8K	0.09%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are 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, and DeFi Pulse Farmer, a newsletter covering the latest news and opportunities 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. You can view the open source project adapters that power our metrics here.

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. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. 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?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.