DeFi Protocols Ranked by TVL
Decentralized Finance protocols ranked by Total Value Locked (TVL). Updated every 15 minutes via DefiLlama.
| # | Name | Price | Market Cap | 24h % | 7d % | |
|---|---|---|---|---|---|---|
| 223 |  Binance CEX BNB | — | $153.908B | +0.10% | -3.94% | |
| 374 |  OKX - | — | $24.860B | +0.31% | -2.56% | |
| 391 |  Bitfinex - | — | $18.727B | -0.31% | -5.10% | |
| 392 |  Lido LDO | — | $18.727B | -0.69% | -6.85% | |
| 400 |  Bybit - | — | $15.779B | +2.46% | -1.34% | |
| 408 |  Aave V3 AAVE | — | $14.119B | +0.11% | -2.72% | |
| 409 |  Robinhood - | — | $13.722B | -0.30% | -5.57% | |
| 428 |  WBTC - | — | $8.811B | -0.44% | -5.22% | |
| 434 |  Binance staked ETH - | — | $7.812B | -0.74% | -7.78% | |
| 437 |  Morpho Blue MORPHO | — | $7.472B | +1.38% | -2.29% | |
| 445 |  EigenCloud EIGEN | — | $6.670B | -1.62% | -10.28% | |
| 446 |  Morpho V1 MORPHO | — | $6.637B | +1.86% | +0.00% | |
| 448 |  Coinbase Bridge - | — | $6.270B | -0.06% | -4.09% | |
| 452 |  Bitget - | — | $5.755B | +0.52% | -4.48% | |
| 454 |  Sky Lending SKY | — | $5.644B | -0.34% | +0.36% | |
| 455 |  HTX - | — | $5.585B | -3.13% | +10.67% | |
| 457 |  Gemini - | — | $5.435B | -0.44% | -6.63% | |
| 460 |  Binance Bitcoin - | — | $5.260B | -0.28% | -5.09% | |
| 461 |  Hyperliquid Bridge HYPE | — | $5.191B | +3.09% | +5.10% | |
| 462 |  MEXC - | — | $5.022B | +0.12% | -1.78% | |
| 468 |  Gate GT | — | $4.761B | +0.20% | -4.89% | |
| 470 |  Deribit - | — | $4.598B | -1.11% | -4.90% | |
| 471 |  ether.fi Stake ETHFI | — | $4.597B | -0.80% | -7.86% | |
| 472 |  Ethena USDe ENA | — | $4.440B | -0.06% | +6.31% | |
| 480 |  Babylon Protocol BABY | — | $3.988B | -0.27% | -3.53% | |
| 485 |  USDT0 - | — | $3.655B | +1.99% | +1.29% | |
| 486 |  JustLend JST | — | $3.563B | +1.13% | -2.16% | |
| 491 |  SparkLend SPK | — | $3.303B | +3.18% | -3.89% | |
| 492 |  Arbitrum Bridge ARB | — | $3.228B | -0.02% | -5.75% | |
| 496 |  BlackRock BUIDL BUIDL | — | $3.081B | -1.59% | +2.95% | |
| 499 |  Circle USYC - | — | $2.985B | +0.31% | +0.11% | |
| 501 |  Ondo Yield Assets ONDO | — | $2.721B | +1.31% | -0.24% | |
| 503 |  Grove Finance - | — | $2.670B | -1.79% | -6.66% | |
| 504 |  KuCoin - | — | $2.660B | -1.46% | -23.33% | |
| 505 |  Base Bridge - | — | $2.651B | -0.83% | -5.17% | |
| 506 |  Polygon Bridge & Staking POL | — | $2.561B | -0.47% | +0.00% | |
| 509 |  Crypto-com - | — | $2.476B | -1.23% | -2.94% | |
| 511 |  JustCryptos JST | — | $2.394B | -0.35% | -6.13% | |
| 512 |  Polygon Bridge POL | — | $2.392B | +0.19% | -2.32% | |
| 516 |  Spark Liquidity Layer SPK | — | $2.208B | +15.03% | -10.40% | |
| 520 |  Steakhouse Financial - | — | $2.146B | +0.67% | +0.19% | |
| 522 |  Paxos Gold PAXG | — | $2.121B | +0.31% | -2.92% | |
| 527 |  Maple SYRUP | — | $1.967B | -3.96% | -4.22% | |
| 528 |  Portal W | — | $1.918B | +0.13% | -1.62% | |
| 532 |  PancakeSwap AMM CAKE | — | $1.774B | +0.27% | -2.15% | |
| 534 |  Uniswap V3 UNI | — | $1.742B | +0.09% | -18.85% | |
| 536 |  Curve DEX CRV | — | $1.667B | -0.32% | -1.87% | |
| 537 |  Sentora - | — | $1.659B | +0.18% | +1.27% | |
| 538 |  Spark Savings SPK | — | $1.651B | +18.42% | -37.80% | |
| 540 |  Kamino Lend KMNO | — | $1.631B | +0.50% | +0.19% | |
| 546 |  HashKey Exchange - | — | $1.540B | +0.54% | -3.32% | |
| 548 |  Centrifuge Protocol CFG | — | $1.504B | -1.43% | -5.23% | |
| 549 |  Bitstamp - | — | $1.490B | -0.34% | -4.81% | |
| 552 |  Gauntlet - | — | $1.405B | +0.30% | -6.05% | |
| 553 |  USDD - | — | $1.399B | +1.87% | -2.08% | |
| 557 |  Kelp - | — | $1.383B | -0.67% | -10.82% | |
| 558 |  Bitkub KUB | — | $1.378B | -0.06% | -6.10% | |
| 560 |  Figure Markets Exchange - | — | $1.360B | +0.01% | +3.80% | |
| 568 |  Jupiter Lend JUP | — | $1.251B | +2.73% | +7.97% | |
| 569 |  Spiko - | — | $1.240B | +0.41% | +4.98% | |
| 570 |  Compound V3 COMP | — | $1.224B | -0.49% | -6.04% | |
| 571 |  Sanctum Validator LSTs CLOUD | — | $1.216B | +0.99% | -6.18% | |
| 572 |  Bitmex BMEX | — | $1.210B | -0.30% | -5.07% | |
| 576 |  Venus Core Pool XVS | — | $1.170B | -0.46% | -4.20% | |
| 583 |  Ethena USDtb ENA | — | $1.080B | +0.34% | +33.08% | |
| 587 |  Poloniex - | — | $1.066B | -0.33% | -22.70% | |
| 588 |  Ondo Global Markets ONDO | — | $1.042B | +1.76% | +0.56% | |
| 589 |  Veda - | — | $1.036B | -0.87% | -6.37% | |
| 590 |  Kinetiq kHYPE - | — | $1.036B | +16.52% | +26.19% | |
| 593 |  Raydium AMM RAY | — | $1.017B | +2.02% | -5.72% | |
| 594 |  Anemoy Capital - | — | $988.934M | -2.44% | -9.11% | |
| 597 |  Blockchain Capital BCAP | — | $963.515M | +0.00% | -0.12% | |
| 598 |  Concrete - | — | $963.120M | -0.59% | -6.15% | |
| 599 |  WisdomTree - | — | $961.878M | +0.02% | -0.27% | |
| 601 |  Binance Staked SOL - | — | $944.588M | +1.62% | -7.71% | |
| 607 |  Uniswap V2 UNI | — | $904.929M | -1.99% | -9.89% | |
| 612 |  Fluid Lending - | — | $859.007M | +8.12% | +2.41% | |
| 613 |  Jito Liquid Staking JTO | — | $842.373M | +0.91% | -7.49% | |
| 614 |  Superstate USTB - | — | $835.623M | -8.15% | -3.81% | |
| 616 |  Function FBTC - | — | $827.837M | +0.01% | -5.28% | |
| 617 |  Jupiter Staked SOL JUP | — | $826.421M | +1.02% | -6.92% | |
| 626 |  Lombard LBTC BARD | — | $760.263M | +0.81% | -5.91% | |
| 627 |  StakeWise V2 SWISE | — | $759.116M | -0.78% | -6.98% | |
| 628 |  Uniswap V4 UNI | — | $754.216M | +0.57% | -6.89% | |
| 629 |  Liquid Collective - | — | $744.678M | -0.73% | -7.19% | |
| 633 |  OSL HK - | — | $686.542M | -0.33% | -4.62% | |
| 636 |  Jupiter Perpetual Exchange JUP | — | $673.993M | +0.11% | -4.54% | |
| 642 |  BingX - | — | $612.144M | -0.04% | -2.29% | |
| 645 |  DoubleZero Staked SOL 2Z | — | $609.177M | +1.06% | -7.40% | |
| 646 |  Aster Bridge - | — | $599.963M | -0.10% | -9.10% | |
| 647 |  Lista Lending LISTA | — | $597.500M | -0.25% | -4.47% | |
| 648 |  Lista Liquid Staking LISTA | — | $593.506M | +0.81% | -5.34% | |
| 657 |  Optimism Bridge OP | — | $505.731M | -4.56% | -9.16% | |
| 660 |  Lighter Bridge - | — | $497.290M | +1.69% | +1.31% | |
| 662 |  HyperLend Pooled HPL | — | $494.588M | +12.98% | +25.47% | |
| 664 |  SolvBTC SOLV | — | $489.318M | -0.56% | -6.42% | |
| 668 |  mETH Protocol COOK | — | $480.394M | -1.87% | -14.05% | |
| 669 |  Korbit - | — | $480.076M | -0.27% | -4.88% | |
| 675 |  Merlins Seal - | — | $468.914M | -0.79% | +0.00% | |
| 676 |  Symbiotic - | — | $468.027M | -0.35% | -10.39% |
Frequently Asked Questions
What is DeFi and how does it differ from traditional finance?
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DeFi, or Decentralized Finance, refers to financial services and applications built on public blockchains — primarily Ethereum — that operate without central intermediaries like banks or brokers. Users interact directly with smart contracts to lend, borrow, trade, and earn yield. Because DeFi protocols are open and permissionless, anyone with a crypto wallet can access them without identity verification or credit checks.
What does Total Value Locked (TVL) mean?
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Total Value Locked (TVL) is the total value of crypto assets deposited into a DeFi protocol's smart contracts at any given time. It includes assets used as collateral, liquidity, or staked for rewards. TVL is the primary metric used to measure the size and adoption of DeFi protocols — similar to assets under management (AUM) in traditional finance. Higher TVL generally indicates more user trust and protocol usage.
How is TVL different from market cap for DeFi protocols?
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TVL measures the value of assets deposited into a protocol, while market cap measures the value of the protocol's own native token. A protocol can have a very high TVL but a small token market cap, or vice versa. The ratio of TVL to market cap (sometimes called the P/TVL ratio) is used by analysts to evaluate whether a DeFi token may be overvalued or undervalued relative to its actual usage.
What are the risks of using DeFi protocols?
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DeFi carries several risks not present in traditional finance, including smart contract vulnerabilities (bugs that can be exploited by hackers), liquidation risk (collateral can be automatically sold if its value drops), oracle manipulation (price feed attacks), and regulatory uncertainty. Users are also fully responsible for their own private keys — there is no customer support or account recovery if funds are lost.
Which DeFi categories are represented in these rankings?
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The DeFi protocols ranked here include decentralized exchanges (DEXs) like Uniswap, lending protocols like Aave and Compound, liquid staking platforms like Lido, yield aggregators, and cross-chain bridges. TVL data is sourced from DefiLlama, which aggregates on-chain data across dozens of blockchains and hundreds of protocols.