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 % | |
|---|---|---|---|---|---|---|
| 235 | Binance CEX BNB | — | $136.932B | -0.12% | +3.49% | |
| 385 | OKX - | — | $22.084B | -0.18% | +3.55% | |
| 401 | Lido LDO | — | $16.246B | -0.84% | +14.50% | |
| 402 | Bitfinex - | — | $16.217B | -0.00% | +0.09% | |
| 408 | Bybit - | — | $13.664B | -0.78% | +2.82% | |
| 411 | Aave V3 AAVE | — | $12.798B | -0.69% | +10.61% | |
| 418 | Robinhood - | — | $11.228B | -0.59% | +6.57% | |
| 436 | LayerZero V2 ZRO | — | $7.371B | +0.01% | +0.08% | |
| 438 | WBTC - | — | $7.138B | -0.47% | +5.10% | |
| 439 | Morpho Blue MORPHO | — | $7.009B | -0.68% | +7.39% | |
| 444 |  Morpho V1 MORPHO | — | $6.637B | +1.86% | +0.00% | |
| 445 | Binance staked ETH - | — | $6.575B | -0.73% | +13.09% | |
| 449 | Sky Lending SKY | — | $5.842B | -0.16% | +10.23% | |
| 450 | Coinbase Bridge - | — | $5.745B | -0.57% | +7.23% | |
| 451 | Hyperliquid Bridge HYPE | — | $5.683B | +0.09% | +1.99% | |
| 457 | Bitget - | — | $5.059B | -1.07% | +3.09% | |
| 462 | EigenCloud EIGEN | — | $4.830B | -0.87% | +12.59% | |
| 466 | MEXC - | — | $4.718B | -0.25% | +0.85% | |
| 472 | Gemini - | — | $4.449B | -0.52% | +7.36% | |
| 473 | Ethena USDe ENA | — | $4.435B | -0.13% | -0.49% | |
| 474 | Binance Bitcoin - | — | $4.272B | -0.34% | +5.41% | |
| 476 | Gate GT | — | $4.165B | -1.16% | -1.69% | |
| 478 | HTX - | — | $4.051B | +1.29% | +3.55% | |
| 480 | Deribit - | — | $3.748B | -0.36% | +5.45% | |
| 481 | USDT0 - | — | $3.674B | -0.03% | +0.33% | |
| 482 | SparkLend SPK | — | $3.671B | -0.88% | +8.64% | |
| 491 | Babylon Protocol BABY | — | $3.195B | -1.10% | +4.66% | |
| 492 | JustLend V1 JST | — | $3.136B | +1.73% | +6.87% | |
| 493 | Circle USYC - | — | $3.104B | +0.00% | -0.06% | |
| 496 | BlackRock BUIDL BUIDL | — | $3.048B | +0.00% | -0.21% | |
| 498 |  JustLend JST | — | $3.022B | -2.89% | +0.00% | |
| 502 | ether.fi Stake ETHFI | — | $2.940B | -0.85% | +12.93% | |
| 504 | Polygon Bridge POL | — | $2.806B | -0.20% | +2.60% | |
| 505 | Arbitrum Bridge ARB | — | $2.786B | -0.81% | +8.24% | |
| 511 |  Polygon Bridge & Staking POL | — | $2.561B | -0.47% | +0.00% | |
| 512 | Ondo Yield Assets ONDO | — | $2.559B | -0.22% | -0.46% | |
| 514 | Grove Finance - | — | $2.461B | -0.00% | -1.55% | |
| 515 | KuCoin - | — | $2.459B | -0.20% | +5.27% | |
| 517 | Maple SYRUP | — | $2.371B | +1.46% | +0.03% | |
| 521 | Base Bridge - | — | $2.261B | -0.94% | +7.74% | |
| 522 | Steakhouse Financial - | — | $2.187B | +0.47% | +1.99% | |
| 523 | Portal W | — | $2.149B | +1.25% | +5.07% | |
| 527 | Sentora - | — | $2.032B | +0.86% | -1.77% | |
| 529 | Crypto-com - | — | $2.023B | -0.61% | +8.68% | |
| 530 | JustCryptos JST | — | $1.969B | -0.50% | +8.94% | |
| 535 | Paxos Gold PAXG | — | $1.883B | -0.02% | +2.62% | |
| 538 | Spark Liquidity Layer SPK | — | $1.764B | -0.67% | -12.40% | |
| 542 | PancakeSwap AMM CAKE | — | $1.691B | +0.52% | +2.05% | |
| 543 | Centrifuge Protocol CFG | — | $1.637B | -0.01% | +0.14% | |
| 546 | Spark Savings SPK | — | $1.585B | +0.34% | +1.43% | |
| 549 | Uniswap V3 UNI | — | $1.453B | -1.06% | +5.67% | |
| 552 | Gauntlet - | — | $1.445B | +1.22% | +1.35% | |
| 555 | Figure Markets Exchange - | — | $1.408B | -0.06% | +4.45% | |
| 556 | CCIP - | — | $1.406B | -0.46% | +5.09% | |
| 557 | HashKey Exchange - | — | $1.401B | -0.46% | +11.00% | |
| 558 | USDD - | — | $1.373B | +1.73% | +4.76% | |
| 568 | Curve DEX CRV | — | $1.270B | +0.23% | +4.30% | |
| 573 | Poloniex - | — | $1.214B | -0.91% | +6.83% | |
| 576 | Bitkub KUB | — | $1.188B | -0.82% | +7.28% | |
| 578 | Spiko - | — | $1.168B | -0.03% | +3.58% | |
| 579 | Sanctum Validator LSTs CLOUD | — | $1.148B | -1.58% | +13.37% | |
| 581 | Compound V3 COMP | — | $1.129B | -0.02% | +9.39% | |
| 583 | Veda - | — | $1.114B | -0.04% | +7.17% | |
| 589 | Kamino Lend KMNO | — | $1.061B | +0.49% | +2.74% | |
| 590 | Venus Core Pool XVS | — | $1.046B | +0.56% | +6.09% | |
| 592 | Kinetiq kHYPE - | — | $1.022B | -2.09% | +11.55% | |
| 594 | Bitmex BMEX | — | $992.062M | -0.45% | +4.26% | |
| 596 | Ondo Global Markets ONDO | — | $985.188M | +0.25% | +0.33% | |
| 598 | Jupiter Lend JUP | — | $980.311M | -0.51% | +15.19% | |
| 599 | Blockchain Capital BCAP | — | $974.723M | +0.00% | -0.06% | |
| 600 | Kelp - | — | $950.910M | -0.94% | +10.04% | |
| 603 | Bitstamp - | — | $930.341M | +0.19% | +10.69% | |
| 604 | Raydium AMM RAY | — | $922.371M | -0.74% | +11.72% | |
| 609 | Anemoy Capital - | — | $870.578M | -0.01% | +0.10% | |
| 611 | Concrete - | — | $831.516M | -0.69% | +10.97% | |
| 615 | Binance Staked SOL - | — | $817.128M | -1.60% | +12.17% | |
| 616 | Jito Liquid Staking JTO | — | $812.491M | -1.32% | +16.56% | |
| 621 | Uniswap V4 UNI | — | $793.305M | -0.04% | -16.97% | |
| 625 | Invesco USTB - | — | $754.543M | +0.11% | +21.90% | |
| 628 |  Superstate USTB - | — | $736.150M | -4.04% | +0.00% | |
| 630 | Jupiter Perpetual Exchange JUP | — | $730.215M | -0.86% | +7.50% | |
| 631 | Ethena USDtb ENA | — | $727.026M | -0.01% | -1.21% | |
| 632 | WisdomTree - | — | $725.593M | +0.00% | -6.42% | |
| 635 | Uniswap V2 UNI | — | $703.372M | +2.03% | -1.30% | |
| 639 | StakeWise V2 SWISE | — | $668.980M | -0.19% | +15.21% | |
| 643 | Lista Lending LISTA | — | $639.842M | +0.44% | +3.76% | |
| 645 | Fluid Lending - | — | $622.228M | +1.22% | +5.42% | |
| 651 | Obol OBOL | — | $589.735M | -2.34% | +7.17% | |
| 652 | Optimism Bridge OP | — | $585.811M | -2.79% | -1.17% | |
| 653 | BingX - | — | $584.476M | -0.24% | +2.61% | |
| 654 | Lombard LBTC BARD | — | $583.710M | -0.01% | +10.38% | |
| 655 | OSL HK - | — | $569.869M | -0.60% | +8.79% | |
| 658 | Liquid Collective - | — | $566.457M | -2.07% | +3.65% | |
| 663 | Function FBTC - | — | $534.724M | -0.45% | -15.95% | |
| 664 | Lighter Bridge LIT | — | $526.120M | +0.45% | +3.47% | |
| 666 | Lista Liquid Staking LISTA | — | $523.219M | +1.68% | +5.30% | |
| 668 | Solstice SLX | — | $512.589M | +0.01% | +1.41% | |
| 669 |  Lighter Bridge - | — | $508.583M | -0.89% | +0.00% | |
| 675 | Unit - | — | $487.209M | -0.76% | +18.27% | |
| 677 | Aster Bridge - | — | $475.295M | -0.63% | -1.29% |
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.