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 % | |
|---|---|---|---|---|---|---|
| 678 |  Lorenzo enzoBTC - | — | $463.340M | -0.50% | -5.00% | |
| 679 |  Merlins Seal MERL | — | $459.347M | -0.50% | -5.00% | |
| 680 |  Obol OBOL | — | $457.912M | -3.48% | -52.13% | |
| 684 |  Polymarket - | — | $451.141M | -0.89% | +0.00% | |
| 685 |  Indodax - | — | $450.316M | +0.68% | -2.89% | |
| 686 |  Polymarket International - | — | $447.576M | -2.19% | -0.21% | |
| 691 |  xStocks - | — | $429.714M | +1.54% | -3.40% | |
| 692 |  Unit - | — | $429.691M | +1.90% | -4.17% | |
| 694 |  Avalon USDa - | — | $418.528M | +0.99% | -5.38% | |
| 695 |  Quickswap Dex QUICK | — | $410.059M | -0.86% | -6.01% | |
| 697 |  Solstice USX - | — | $403.594M | +6.61% | +6.61% | |
| 699 |  Lista CDP LISTA | — | $399.160M | +1.74% | -4.47% | |
| 703 |  Linea Bridge - | — | $384.646M | -0.10% | -9.01% | |
| 704 |  tBTC T | — | $383.569M | -1.34% | -10.21% | |
| 705 |  Lightning Network - | — | $377.485M | +0.58% | -4.86% | |
| 706 |  Multipli.fi - | — | $376.851M | +1.14% | +2.87% | |
| 708 |  Hyperliquid HLP HYPE | — | $375.131M | -1.67% | -3.81% | |
| 712 |  Euler V2 EUL | — | $366.301M | +6.31% | +1.48% | |
| 713 |  BounceBit CeDeFi Yield - | — | $364.151M | -0.26% | -4.76% | |
| 714 |  HyperLend Pooled HLP | — | $362.908M | -6.84% | +0.00% | |
| 715 |  CIAN Yield Layer - | — | $362.355M | +0.52% | -4.00% | |
| 718 |  Bedrock uniBTC BR | — | $354.798M | +0.15% | +4.02% | |
| 722 |  Aave Horizon RWA AAVE | — | $347.604M | -0.31% | +0.66% | |
| 724 |  Hastra - | — | $341.506M | +0.22% | +7.90% | |
| 726 |  Phemex PT | — | $337.336M | +1.10% | -3.97% | |
| 730 |  M0 POWER | — | $331.053M | -0.88% | +9.71% | |
| 731 |  PancakeSwap AMM V3 CAKE | — | $329.621M | +0.04% | -19.99% | |
| 732 |  Free Protocol - | — | $324.660M | -0.78% | -5.39% | |
| 733 |  Stader SD | — | $322.993M | -0.61% | -8.55% | |
| 734 |  Buzz Farming - | — | $322.576M | -1.17% | +0.00% | |
| 735 |  cap - | — | $318.060M | +1.39% | -15.52% | |
| 736 |  Kraken Bitcoin - | — | $317.698M | -0.39% | -4.89% | |
| 738 |  Stacks sBTC - | — | $316.103M | -0.27% | -5.03% | |
| 739 |  Bitvavo - | — | $316.074M | -0.13% | -2.46% | |
| 742 |  Backpack BP | — | $306.372M | +0.68% | -3.76% | |
| 754 |  Coinbase Wrapped Staked ETH - | — | $294.950M | -0.79% | -3.34% | |
| 756 |  B2 Buzz - | — | $293.221M | -1.00% | +0.00% | |
| 759 |  USD AI - | — | $291.388M | +0.19% | +5.16% | |
| 762 |  Upshift - | — | $287.943M | +0.43% | -3.30% | |
| 765 | B2 Buzz B2 | — | $284.953M | -0.19% | -4.47% | |
| 766 |  xDAI Stake Bridge STAKE | — | $282.238M | -0.45% | -5.60% | |
| 769 |  Re - | — | $279.719M | +3.04% | +6.02% | |
| 775 |  Defi Saver - | — | $275.969M | -0.38% | -5.34% | |
| 777 |  Marinade Liquid Staking MNDE | — | $273.279M | +0.80% | -7.74% | |
| 779 |  BitFi Basis - | — | $269.571M | -0.32% | -5.03% | |
| 781 |  UniRouter URO | — | $257.402M | -21.75% | -25.44% | |
| 782 |  Orca DEX ORCA | — | $257.197M | +1.63% | -2.49% | |
| 787 |  b14g - | — | $251.055M | -0.30% | -5.25% | |
| 788 |  Benqi Staked Avax QI | — | $250.945M | +0.92% | -6.66% | |
| 789 | Buzz Farming B2 | — | $248.311M | -22.36% | -26.17% | |
| 790 |  ether.fi Liquid ETHFI | — | $246.219M | -6.46% | -12.02% | |
| 792 |  Mantle Bridge MNT | — | $245.361M | -1.50% | -2.49% | |
| 793 |  World Chain - | — | $243.388M | +5.81% | -3.52% | |
| 795 |  PumpSwap PUMP | — | $240.410M | +0.93% | -5.48% | |
| 798 |  Drift Staked SOL DRIFT | — | $239.536M | +0.97% | -7.19% | |
| 801 |  Dswap - | — | $237.964M | +15.82% | +120.73% | |
| 802 |  Superstate USCC - | — | $236.335M | -0.36% | +0.97% | |
| 804 | Marinade Native MNDE | — | $233.451M | — | -7.73% | |
| 805 |  Lombard BTC.b BARD | — | $232.850M | +1.03% | -2.06% | |
| 806 |  GTBTC - | — | $232.421M | -0.20% | -4.89% | |
| 807 |  WEEX WXT | — | $230.762M | -11.52% | -15.02% | |
| 809 |  AFI Protocol - | — | $225.548M | -0.00% | -0.01% | |
| 810 |  FAssets - | — | $224.810M | -0.13% | -8.34% | |
| 812 |  Starknet Bridge STRK | — | $221.980M | +1.42% | -6.77% | |
| 814 |  Cooler Loans OHM | — | $218.311M | +0.36% | -2.18% | |
| 816 |  Meteora DLMM MET | — | $211.271M | — | -6.73% | |
| 819 | PumpSwap - | — | $206.441M | +2.32% | +0.00% | |
| 822 |  Tydro - | — | $205.194M | +0.53% | -3.35% | |
| 823 |  K3 Capital - | — | $203.845M | +4.45% | +5.17% | |
| 826 |  Bitunix - | — | $203.037M | +0.86% | -0.26% | |
| 828 |  GAIB - | — | $201.825M | +0.01% | -0.02% | |
| 831 |  GMX V2 Perps GMX | — | $200.180M | -1.01% | -4.04% | |
| 832 |  Aerodrome Slipstream AERO | — | $199.026M | -1.13% | -5.25% | |
| 833 |  Nexus BTC - | — | $197.573M | -0.29% | -13.51% | |
| 836 |  CoinEx CET | — | $192.910M | -0.46% | -4.62% | |
| 838 |  Solv Basis Trading SOLV | — | $191.548M | +0.01% | -4.57% | |
| 841 |  stHYPE - | — | $186.448M | +12.56% | +29.95% | |
| 844 |  Bitrue - | — | $182.767M | +0.05% | -9.17% | |
| 845 |  OnRe - | — | $181.929M | +0.63% | +4.58% | |
| 846 |  Pareto Credit - | — | $181.855M | +1.12% | +1.76% | |
| 847 |  Renzo REZ | — | $178.190M | -1.06% | -3.58% | |
| 848 |  VALR - | — | $177.011M | +3.19% | -12.40% | |
| 851 |  Fraxtal FXTL | — | $176.418M | +0.04% | -1.99% | |
| 852 |  Tonstakers LSD - | — | $175.793M | +4.16% | -0.42% | |
| 853 |  Sanctum Infinity CLOUD | — | $175.540M | +1.01% | -6.89% | |
| 854 |  Yearn Finance YFI | — | $174.985M | +0.27% | -2.17% | |
| 856 |  Echo Bridge - | — | $173.489M | -0.32% | -5.07% | |
| 861 |  kpk KPK | — | $169.936M | -0.21% | -5.99% | |
| 862 |  CoinDCX - | — | $169.019M | -0.23% | -7.46% | |
| 863 |  OpenEden TBILL - | — | $168.654M | +0.01% | +41.72% | |
| 865 |  Biconomy.com - | — | $166.245M | -1.58% | +0.00% | |
| 867 |  DigiFT - | — | $164.725M | -0.00% | +1.40% | |
| 871 |  Noble - | — | $162.062M | +0.05% | +1.30% | |
| 872 |  OpenTrade - | — | $162.003M | +1.32% | +3.55% | |
| 874 |  exSat Staking BTC - | — | $160.963M | +0.06% | -9.28% | |
| 875 |  NAVI Lending NAVX | — | $160.897M | +0.75% | -9.35% | |
| 876 |  Aster asBNB ASTER | — | $160.132M | +1.76% | -4.08% | |
| 877 |  Liquity V1 LQTY | — | $159.941M | -0.74% | -7.87% | |
| 878 |  Sky Money SKY | — | $159.461M | -0.56% | — | |
| 881 |  EtherFi Borrowing Market ETHFI | — | $158.323M | -2.16% | -3.92% |
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.