Total Value Locked (USD)
$92.36B
Maker Dominance
17.84%
- TVL (USD)
- ETH
- BTC
- All
- 1 Year
- 90 Day
- 30 Day
| # | Name | Chain | Sector | TVL (USD) | |
|---|---|---|---|---|---|
| 1 | Maker | Ethereum | Lending | $16.48B | -3.59% |
| 2 | Curve Finance | Ethereum | DEXes | $14.41B | -1.95% |
| 3 | Convex Finance | Ethereum | Assets | $11.95B | -1.89% |
| 4 | Aave | Multichain | Lending | $11.01B | -5.47% |
| 5 | Uniswap | Ethereum | DEXes | $8.29B | 6.48% |
| 6 | Compound | Ethereum | Lending | $7.83B | -5.53% |
| 7 | InstaDApp | Ethereum | Lending | $6.86B | -32.78% |
| 8 | yearn.finance | Ethereum | Assets | $3.84B | -3.99% |
| 9 | Balancer | Ethereum | DEXes | $2.19B | -1.68% |
| 10 | SushiSwap | Ethereum | DEXes | $2.17B | -9.12% |
| 11 | Liquity | Ethereum | Lending | $1.98B | -9.19% |
| 12 | Bancor | Ethereum | DEXes | $1.84B | -0.05% |
| 13 | Flexa | Ethereum | Payments | $1.07B | -11.08% |
| 14 | dYdX | Ethereum | Derivatives | $947.9M | -3.99% |
| 15 | Rari Capital | Ethereum | Assets | $878.7M | -19.36% |
| 16 | C.R.E.A.M. Finance | Ethereum | Lending | $805.8M | -1.10% |
| 17 | RenVM | Ethereum | Assets | $767.7M | -2.29% |
| 18 | Alpha Homora | Ethereum | Lending | $763.1M | 0.78% |
| 19 | Alchemix | Ethereum | Lending | $673.1M | -8.37% |
| 20 | TrueFi | Ethereum | Lending | $672.9M | -24.36% |
| 21 | Badger DAO | Ethereum | Assets | $662.9M | -3.61% |
| 22 | DeFi Saver | Ethereum | Lending | $628.6M | -5.88% |
| 23 | Quickswap | polygon | DEXes | $546.2M | -16.67% |
| 24 | Fei Protocol | Ethereum | Assets | $543.7M | -5.83% |
| 25 | Nexus Mutual | Ethereum | Derivatives | $489.9M | -6.63% |
| 26 | Synthetix | Ethereum | Derivatives | $487.7M | -5.96% |
| 27 | Tornado Cash | Ethereum | Payments | $487.5M | -6.49% |
| 28 | Notional | Ethereum | Lending | $466.0M | -6.54% |
| 29 | Loopring | Ethereum | DEXes | $397.3M | -10.52% |
| 30 | Index Coop | Ethereum | Assets | $390.6M | -9.41% |
| 31 | Origin Dollar | Ethereum | Assets | $281.2M | 0.12% |
| 32 | DefiDollar | Ethereum | Assets | $257.9M | -0.71% |
| 33 | Set Protocol | Ethereum | Assets | $230.6M | -7.16% |
| 34 | Harvest Finance | Ethereum | Assets | $220.5M | -3.10% |
| 35 | Saddle | Ethereum | DEXes | $192.4M | 0.10% |
| 36 | Reflexer | Ethereum | Lending | $183.1M | -3.64% |
| 37 | Sablier | Ethereum | Payments | $179.0M | -16.32% |
| 38 | Element Finance | Ethereum | Assets | $176.6M | 1.02% |
| 39 | B.Protocol | Ethereum | Lending | $161.1M | 3.93% |
| 40 | KeeperDAO | Ethereum | Lending | $156.9M | -28.32% |
| 41 | Ribbon Finance | Ethereum | Derivatives | $151.8M | -12.54% |
| 42 | Vesper | Ethereum | Assets | $147.3M | -5.52% |
| 43 | xDai | Ethereum | Payments | $145.9M | -8.36% |
| 44 | Lightning Network | Bitcoin | Payments | $142.2M | -3.24% |
| 45 | mStable | Multichain | Assets | $134.2M | 2.28% |
| 46 | Opyn | Ethereum | Derivatives | $132.3M | 0.31% |
| 47 | KEEP Network | Ethereum | Assets | $127.4M | -7.26% |
| 48 | Enzyme Finance | Ethereum | Assets | $115.8M | -5.20% |
| 49 | Pickle Finance | Ethereum | Assets | $104.3M | -6.73% |
| 50 | QiDao | polygon | Lending | $84.8M | 2.23% |
| 51 | Metronome | Ethereum | Assets | $77.4M | -3.36% |
| 52 | Idle Finance | Ethereum | Lending | $74.5M | -1.50% |
| 53 | BiFi | Ethereum | Lending | $73.0M | 4.01% |
| 54 | Kyber | Ethereum | DEXes | $68.4M | -2.30% |
| 55 | DODO | Ethereum | DEXes | $60.3M | -16.23% |
| 56 | DerivaDEX | Ethereum | Derivatives | $58.7M | -3.18% |
| 57 | BoringDAO | Ethereum | Assets | $51.0M | -3.10% |
| 58 | DeFi Swap | Ethereum | DEXes | $46.7M | -5.16% |
| 59 | Beta Finance | Ethereum | Lending | $42.9M | -6.43% |
| 60 | O3 Swap | Ethereum | Assets | $40.4M | -6.30% |
| 61 | Inverse | Ethereum | Assets | $33.2M | -15.69% |
| 62 | DeversiFi | Ethereum | DEXes | $32.3M | -3.00% |
| 63 | 1inch Liquidity Protocol | Ethereum | DEXes | $30.6M | -4.77% |
| 64 | UMA | Ethereum | Derivatives | $29.8M | -5.55% |
| 65 | Strike | Ethereum | Lending | $28.2M | 0.86% |
| 66 | Bella Flex Saving | Ethereum | Assets | $22.6M | -16.87% |
| 67 | Gnosis | Ethereum | DEXes | $21.4M | -7.14% |
| 68 | Pendle Finance | Ethereum | Derivatives | $21.0M | -7.75% |
| 69 | dForce | Ethereum | Lending | $20.3M | 0.65% |
| 70 | WePiggy | Ethereum | Lending | $20.0M | -33.68% |
| 71 | BarnBridge | ethereum | Derivatives | $19.7M | -3.68% |
| 72 | DFX Finance | Ethereum | DEXes | $17.2M | 10.59% |
| 73 | Shell | Ethereum | DEXes | $16.0M | -0.86% |
| 74 | IDEX | Ethereum | DEXes | $14.8M | 6.93% |
| 75 | xToken | Ethereum | Assets | $12.5M | -6.81% |
| 76 | bZx | Ethereum | Lending | $12.1M | -4.02% |
| 77 | Premia | Ethereum | Derivatives | $12.0M | 14.14% |
| 78 | Hegic | Ethereum | Derivatives | $11.9M | -6.03% |
| 79 | 88mph | Ethereum | Lending | $11.4M | -11.87% |
| 80 | Cryptex | Ethereum | Lending | $11.1M | -8.41% |
| 81 | InsurAce Protocol | Ethereum | Derivatives | $9.4M | -2.65% |
| 82 | TRANCHE | Ethereum | Derivatives | $8.5M | 7.88% |
| 83 | OnX Finance | Ethereum | Lending | $8.3M | 2.71% |
| 84 | Integral | Ethereum | DEXes | $8.3M | -4.73% |
| 85 | Gamma | Ethereum | Assets | $7.7M | -21.22% |
| 86 | Erasure | Ethereum | Derivatives | $7.7M | -5.56% |
| 87 | C.R.E.A.M. Swap | Ethereum | DEXes | $6.7M | -1.85% |
| 88 | DDEX | Ethereum | Lending | $6.2M | -7.69% |
| 89 | Opium Network | Multichain | Derivatives | $5.6M | -3.89% |
| 90 | Warp Finance | Ethereum | Lending | $5.1M | 2.00% |
| 91 | Mushrooms Finance | Ethereum | Assets | $4.9M | -3.32% |
| 92 | Opium Network | polygon | Derivatives | $4.1M | -6.35% |
| 93 | Crypto Volatility Index | Multichain | Derivatives | $3.7M | -2.40% |
| 94 | PowerIndex | Ethereum | DEXes | $2.9M | -4.92% |
| 95 | cvault.finance | Ethereum | Assets | $2.9M | 0.62% |
| 96 | Convergence | Ethereum | DEXes | $2.9M | -11.46% |
| 97 | DFX Finance | polygon | DEXes | $2.7M | 12.13% |
| 98 | Wing Finance | Ethereum | Lending | $2.6M | -2.58% |
| 99 | Nsure Network | Ethereum | Derivatives | $2.4M | -12.74% |
| 100 | Augur | Ethereum | Derivatives | $2.4M | 0.00% |
| 101 | MCDEX | Ethereum | Derivatives | $2.1M | -0.81% |
| 102 | Impermax | Ethereum | Lending | $2.0M | -9.67% |
| 103 | Swerve Finance | Ethereum | DEXes | $1.8M | -16.97% |
| 104 | PieDAO | Ethereum | Assets | $1.6M | -9.86% |
| 105 | Pods | Ethereum | Derivatives | $1.2M | 2.27% |
| 106 | Snowswap | Ethereum | DEXes | $1.2M | -6.23% |
| 107 | DFI.money | Ethereum | Assets | $1.2M | -0.95% |
| 108 | Siren | Ethereum | Derivatives | $987.3K | -4.76% |
| 109 | Lien | Ethereum | Derivatives | $981.4K | -6.80% |
| 110 | UniTrade | Ethereum | DEXes | $893.3K | -7.18% |
| 111 | Cover Protocol | Ethereum | Derivatives | $815.6K | -0.98% |
| 112 | ForTube | Ethereum | Lending | $761.1K | -1.64% |
| 113 | PEAKDEFI | Ethereum | Assets | $754.3K | -5.06% |
| 114 | DeFiner | Ethereum | Lending | $711.6K | -1.13% |
| 115 | Volmex Finance | Ethereum | Derivatives | $694.2K | 0.40% |
| 116 | Swarm Markets | Ethereum | DEXes | $693.9K | -5.94% |
| 117 | Value DeFi | Ethereum | Assets | $645.7K | -3.90% |
| 118 | Auctus | Ethereum | Derivatives | $620.5K | -8.65% |
| 119 | Varen | Ethereum | DEXes | $619.0K | -21.02% |
| 120 | Futureswap | Ethereum | Derivatives | $604.6K | -3.27% |
| 121 | yAxis | Ethereum | Assets | $575.0K | 0.00% |
| 122 | DOMANI | Ethereum | Assets | $516.6K | -7.29% |
| 123 | DeFi Yield Protocol | Ethereum | Assets | $458.3K | -1.72% |
| 124 | Ruler Protocol | Ethereum | Lending | $409.7K | 0.12% |
| 125 | Value Liquid | Ethereum | DEXes | $332.3K | -8.28% |
| 126 | QIAN | Ethereum | Lending | $230.9K | -0.91% |
| 127 | Tranche | Polygon | Derivatives | $102.3K | 0.10% |
| 128 | S Finance | Ethereum | DEXes | $98.5K | -0.16% |
| 129 | Dfyn Network | polygon | DEXes | $76.6K | -99.79% |
| 130 | DeFireX | Ethereum | Assets | $36.0K | -0.74% |
| 131 | Primitive | Ethereum | Derivatives | $24.3K | -7.73% |
| 132 | Olympus | Ethereum | Assets | $18.0K | -99.82% |
| 133 | Robo-Advisor for Yield | Ethereum | Lending | $1.6K | -4.48% |
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.
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 on our adapters repository..
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 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.
