Total Value Locked (USD)

$656M

Maker Dominance

53.17%

Total Value Locked (USD) in DeFi

TVL (USD)
ETH
BTC
DAI

All
1 Year
90 Day
30 Day
7 Day

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All

Lending

DEXes

Derivatives

Payments

Assets

		Name	Chain	Category	Locked (USD)	1 Day %
🏆	1.	Maker	Ethereum	Lending	$348.8M	-0.0%
🥈	2.	Synthetix	Ethereum	Derivatives	$91.6M	1.3%
🥉	3.	Compound	Ethereum	Lending	$78.8M	1.0%
	4.	Aave	Ethereum	Lending	$30.0M	1.5%
	5.	Uniswap	Ethereum	DEXes	$29.7M	0.5%
	6.	InstaDApp	Ethereum	Lending	$23.9M	2.4%
	7.	dYdX	Ethereum	Lending	$20.0M	3.0%
	8.	dForce	Ethereum	Lending	$19.8M	4.5%
	9.	Bancor	Ethereum	DEXes	$7.0M	0.4%
	10.	WBTC	Ethereum	Assets	$6.7M	0.2%
	11.	Lightning Network	Bitcoin	Payments	$6.3M	0.2%
	12.	Set Protocol	Ethereum	Assets	$5.0M	1.0%
	13.	DDEX	Ethereum	Lending	$4.1M	-0.1%
	14.	Kyber	Ethereum	DEXes	$3.9M	-4.4%
	15.	Nuo Network	Ethereum	Lending	$2.6M	-0.7%
	16.	bZx	Ethereum	Lending	$2.5M	-3.9%
	17.	Dharma	Ethereum	Lending	$1.5M	6.2%
	18.	RAY	Ethereum	Lending	$1.5M	-2.9%
	19.	Erasure	Ethereum	Derivatives	$1.1M	2.6%
	20.	Augur	Ethereum	Derivatives	$232.2K	0.3%
	21.	Melon	Ethereum	Assets	$82.8K	0.8%
	22.	Veil	Ethereum	Derivatives	$18.4K	0.3%
	23.	Connext	Ethereum	Payments	$12.4K	-3.8%
	24.	xDai	Ethereum	Payments	$104	-99.8%

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.

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.