Total Value Locked (USD)

$69.56B

Aave Dominance

15.86%

DeFi Pulse Index

315.51

+14.95
(+4.97%)

Available fromTokenSets

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.	Aave	Multichain	Lending	$12.96B	8.45%
🥈	2.	Compound	Ethereum	Lending	$8.87B	3.47%
🥉	3.	Curve Finance	Multichain	DEXes	$8.83B	4.30%
	4.	InstaDApp	Ethereum	Lending	$8.73B	3.70%
	5.	Maker	Ethereum	Lending	$7.38B	4.96%
	6.	Uniswap	Ethereum	DEXes	$6.06B	6.51%
	7.	Convex Finance	Ethereum	Assets	$4.75B	4.10%
	8.	yearn.finance	Ethereum	Assets	$3.33B	1.14%
	9.	SushiSwap	Ethereum	DEXes	$3.25B	-2.59%
	10.	Liquity	Ethereum	Lending	$1.88B	3.93%
	11.	Flexa	Ethereum	Payments	$1.70B	3.76%
	12.	Balancer	Ethereum	DEXes	$1.56B	4.03%
	13.	Synthetix	Ethereum	Derivatives	$1.47B	4.62%
	14.	Bancor	Ethereum	DEXes	$1.37B	6.67%
	15.	Quickswap	Polygon	DEXes	$1.09B	1.71%
	16.	Alpha Homora	Ethereum	Lending	$868.7M	-15.42%
	17.	Tornado Cash	Ethereum	Payments	$665.8M	4.81%
	18.	C.R.E.A.M. Finance	Ethereum	Lending	$599.6M	27.42%
	19.	Fei Protocol	Ethereum	Assets	$578.7M	3.60%
	20.	RenVM	Ethereum	Assets	$525.6M	5.98%
	21.	Badger DAO	Ethereum	Assets	$518.5M	4.25%
	22.	Vesper	Ethereum	Assets	$437.6M	4.74%
	23.	Alchemix	Ethereum	Lending	$437.1M	0.59%
	24.	Harvest Finance	Ethereum	Assets	$406.0M	7.00%
	25.	Nexus Mutual	Ethereum	Derivatives	$397.0M	4.35%
	26.	Kyber	Ethereum	DEXes	$354.7M	3.00%
	27.	DeFi Saver	Ethereum	Lending	$334.1M	-4.23%
	28.	Sablier	Ethereum	Payments	$319.0M	1.66%
	29.	BarnBridge	Ethereum	Derivatives	$259.6M	-0.41%
	30.	TrueFi	Ethereum	Lending	$198.8M	2.18%
	31.	Set Protocol	Ethereum	Assets	$198.6M	5.91%
	32.	Idle Finance	Ethereum	Lending	$178.7M	0.76%
	33.	dYdX	Ethereum	Derivatives	$178.3M	2.02%
	34.	Enzyme Finance	Ethereum	Assets	$167.5M	4.56%
	35.	Index Coop	Ethereum	Assets	$162.9M	5.86%
	36.	O3 Swap	Ethereum	Assets	$159.3M	0.70%
	37.	Saddle	Ethereum	DEXes	$145.0M	2.70%
	38.	xDai	Ethereum	Payments	$128.4M	0.37%
	39.	KEEP Network	Ethereum	Assets	$124.8M	4.04%
	40.	Loopring	Ethereum	DEXes	$123.6M	3.44%
	41.	Pickle Finance	Ethereum	Assets	$119.9M	2.28%
	42.	Reflexer	Ethereum	Lending	$106.5M	5.77%
	43.	UMA	Ethereum	Derivatives	$98.6M	2.69%
	44.	Integral	Ethereum	DEXes	$90.7M	4.44%
	45.	Ribbon Finance	Ethereum	Derivatives	$89.0M	-1.96%
	46.	Lightning Network	Bitcoin	Payments	$86.2M	7.39%
	47.	Opyn	Ethereum	Derivatives	$74.6M	1.26%
	48.	Olympus	Ethereum	Assets	$65.7M	-7.15%
	49.	DODO	Ethereum	DEXes	$65.1M	1.47%
	50.	mStable	Ethereum	Assets	$60.6M	1.07%
	51.	Metronome	Ethereum	Assets	$60.4M	4.64%
	52.	DeFi Swap	Ethereum	DEXes	$47.4M	3.94%
	53.	HEGIC	Ethereum	Derivatives	$44.7M	5.15%
	54.	DerivaDEX	Ethereum	Derivatives	$39.4M	-0.18%
	55.	dForce	Ethereum	Lending	$34.7M	3.46%
	56.	1inch Liquidity Protocol	Ethereum	DEXes	$33.9M	6.55%
	57.	B.Protocol	Ethereum	Lending	$26.3M	2.16%
	58.	Bella Flex Saving	Ethereum	Assets	$25.2M	2.62%
	59.	BiFi	Ethereum	Lending	$25.2M	5.45%
	60.	Swerve Finance	Ethereum	DEXes	$23.7M	0.45%
	61.	DefiDollar	Ethereum	Assets	$23.3M	0.01%
	62.	88mph	Ethereum	Lending	$22.8M	2.35%
	63.	Gnosis	Ethereum	DEXes	$22.8M	4.33%
	64.	bZx	Ethereum	Lending	$22.6M	8.85%
	65.	DeversiFi	Ethereum	DEXes	$22.5M	4.76%
	66.	dHEDGE	Ethereum	Assets	$19.3M	1.94%
	67.	WePiggy	Ethereum	Lending	$18.2M	4.85%
	68.	Inverse	Ethereum	Assets	$16.9M	-7.00%
	69.	Mushrooms Finance	Ethereum	Assets	$15.3M	5.32%
	70.	Ruler Protocol	Ethereum	Lending	$14.2M	-0.76%
	71.	DFX Finance	Ethereum	DEXes	$13.7M	-2.07%
	72.	IDEX	Ethereum	DEXes	$12.8M	2.51%
	73.	Erasure	Ethereum	Derivatives	$12.2M	4.58%
	74.	KeeperDAO	Ethereum	Lending	$12.2M	-1.73%
	75.	Notional	Ethereum	Lending	$11.7M	3.28%
	76.	Shell	Ethereum	DEXes	$11.6M	0.12%
	77.	Wing Finance	Ethereum	Lending	$10.0M	4.75%
	78.	Cryptex	Ethereum	Derivatives	$9.3M	4.55%
	79.	Siren	Ethereum	Derivatives	$8.0M	0.96%
	80.	OnX Finance	Ethereum	Lending	$7.9M	4.13%
	81.	DDEX	Ethereum	Lending	$7.5M	3.43%
	82.	yAxis	Ethereum	Assets	$6.8M	-0.41%
	83.	DeFireX	Ethereum	Assets	$6.6M	-0.20%
	84.	PowerIndex	Ethereum	DEXes	$6.4M	5.27%
	85.	PerlinX	Ethereum	Derivatives	$5.2M	4.43%
	86.	Impermax	Ethereum	Lending	$4.9M	5.09%
	87.	Warp Finance	Ethereum	Lending	$4.9M	2.19%
	88.	Nsure Network	Ethereum	Derivatives	$4.7M	5.29%
	89.	Tranche	Ethereum	Derivatives	$4.5M	-0.81%
	90.	cvault.finance	Ethereum	Assets	$3.7M	4.70%
	91.	Crypto Volatility Index	Ethereum	Derivatives	$3.5M	5.02%
	92.	C.R.E.A.M. Swap	Ethereum	DEXes	$3.1M	4.34%
	93.	Opium Network	Ethereum	Derivatives	$2.4M	4.81%
	94.	Augur	Ethereum	Derivatives	$1.9M	5.06%
	95.	MCDEX	Ethereum	Derivatives	$1.7M	4.37%
	96.	Auctus	Ethereum	Derivatives	$1.6M	0.57%
	97.	PieDAO	Ethereum	Assets	$1.6M	7.03%
	98.	Futureswap	Ethereum	Derivatives	$1.2M	1.04%
	99.	DEXTF	Ethereum	Assets	$1.1M	4.83%
	100.	Snowswap	Ethereum	DEXes	$1.1M	13.61%
	101.	DeFiner	Ethereum	Lending	$893.8K	-7.05%
	102.	Cover Protocol	Ethereum	Derivatives	$841.5K	-0.32%
	103.	ForTube	Ethereum	Lending	$699.7K	5.10%
	104.	PEAKDEFI	Ethereum	Assets	$680.7K	0.04%
	105.	Value DeFi	Ethereum	Assets	$643.8K	2.96%
	106.	Varen	Ethereum	DEXes	$617.9K	9.90%
	107.	Value Liquid	Ethereum	DEXes	$407.6K	4.70%
	108.	S Finance	Ethereum	DEXes	$364.5K	-0.20%
	109.	Primitive	Ethereum	Derivatives	$354.4K	4.49%
	110.	DFI.money	Ethereum	Assets	$287.3K	4.06%
	111.	QIAN	Ethereum	Lending	$226.5K	0.63%
	112.	UniTrade	Ethereum	DEXes	$165.6K	-3.69%
	113.	RAY	Ethereum	Lending	$36.8K	3.31%
	114.	Premia	Ethereum	Derivatives	$12.9K	5.06%
	115.	Connext	Ethereum	Payments	-	-

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, DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter.

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. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse 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.