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 % | |
|---|---|---|---|---|---|---|
| 679 |  Merlins Seal - | — | $468.914M | -0.79% | +0.00% | |
| 680 | HyperLend Pooled HPL | — | $459.231M | -1.80% | +13.28% | |
| 684 | mETH Protocol COOK | — | $454.923M | -0.85% | +26.94% | |
| 686 |  Polymarket - | — | $451.141M | -0.89% | +0.00% | |
| 688 | Lorenzo enzoBTC - | — | $445.970M | -0.47% | +22.78% | |
| 691 | Jupiter Staked SOL JUP | — | $427.647M | -1.46% | +12.97% | |
| 692 | DoubleZero Staked SOL 2Z | — | $424.018M | -1.34% | +14.45% | |
| 695 | Backpack BP | — | $419.103M | -2.81% | +5.72% | |
| 696 | Polymarket International - | — | $417.330M | -2.55% | -1.58% | |
| 698 | Indodax - | — | $406.428M | -0.60% | +7.95% | |
| 700 |  Solstice USX - | — | $403.542M | -0.01% | +0.00% | |
| 701 | SolvBTC SOLV | — | $403.236M | -0.34% | +5.43% | |
| 703 | Solstice USX SLX | — | $401.211M | +0.03% | +0.00% | |
| 704 | Hastra - | — | $400.479M | -0.24% | -1.59% | |
| 705 | Kraken Bitcoin - | — | $389.022M | -0.47% | +6.32% | |
| 707 | Korbit - | — | $387.050M | -0.53% | +5.42% | |
| 708 | Bitvavo - | — | $381.631M | -0.81% | +10.15% | |
| 709 | World Chain - | — | $378.429M | -7.54% | -7.69% | |
| 710 | Merlins Seal MERL | — | $373.102M | -0.50% | +5.27% | |
| 714 |  HyperLend Pooled HLP | — | $362.908M | -6.84% | +0.00% | |
| 716 | K3 Capital - | — | $352.517M | +0.35% | +40.87% | |
| 724 | M0 POWER | — | $326.701M | +0.29% | +1.64% | |
| 726 | tBTC T | — | $322.600M | +0.68% | +6.62% | |
| 727 |  Buzz Farming - | — | $322.576M | -1.17% | +0.00% | |
| 728 | Symbiotic - | — | $317.877M | -0.51% | +7.72% | |
| 729 | Lista CDP LISTA | — | $317.392M | +2.02% | +5.68% | |
| 734 | xStocks - | — | $308.460M | -1.28% | +31.64% | |
| 737 | Euler V2 EUL | — | $303.418M | +6.10% | +6.47% | |
| 738 | BounceBit CeDeFi Yield - | — | $302.693M | -0.40% | +5.10% | |
| 742 | Coinbase Wrapped Staked ETH - | — | $295.659M | -0.49% | +13.09% | |
| 743 |  B2 Buzz - | — | $293.221M | -1.00% | +0.00% | |
| 745 | PancakeSwap AMM V3 CAKE | — | $290.733M | -4.81% | +1.72% | |
| 746 |  Dswap - | — | $286.567M | +0.30% | +0.00% | |
| 747 | Lightning Network - | — | $286.525M | -1.03% | +1.54% | |
| 748 | Bedrock uniBTC BR | — | $286.496M | -0.69% | +15.16% | |
| 749 | Phemex PT | — | $285.504M | -0.47% | +3.00% | |
| 750 | Linea Bridge - | — | $284.735M | -1.73% | +10.63% | |
| 753 | CIAN Yield Layer - | — | $280.016M | -1.10% | +10.60% | |
| 755 | Quickswap Dex QUICK | — | $271.637M | +2.72% | -5.02% | |
| 759 | Fluid DEX FLUID | — | $264.994M | +1.88% | +14.11% | |
| 761 | Upshift - | — | $261.397M | -0.98% | +4.09% | |
| 762 | Hyperliquid HLP HYPE | — | $260.663M | -0.16% | -3.35% | |
| 763 | Free Protocol - | — | $259.484M | -0.90% | +8.54% | |
| 766 | PumpSwap PUMP | — | $253.165M | -1.06% | +17.05% | |
| 767 | Aave Horizon RWA AAVE | — | $250.811M | +0.02% | -14.81% | |
| 768 | xDAI Stake Bridge STAKE | — | $247.087M | -1.12% | +2.70% | |
| 769 | Orca DEX ORCA | — | $246.773M | -0.46% | +3.94% | |
| 771 | Re - | — | $246.200M | -0.06% | -2.30% | |
| 772 | cap - | — | $245.186M | +4.60% | +14.27% | |
| 776 | Stader SD | — | $241.533M | -0.31% | +12.63% | |
| 779 |  Superstate USCC - | — | $231.197M | -0.02% | +0.00% | |
| 786 | Drift Staked SOL DRIFT | — | $226.523M | -1.46% | +14.45% | |
| 787 | AFI Protocol - | — | $225.333M | -0.02% | +0.00% | |
| 788 | OpenTrade - | — | $224.237M | +0.00% | +6.46% | |
| 789 |  Defi Saver - | — | $224.047M | -7.09% | +0.00% | |
| 796 | GTBTC - | — | $216.496M | -0.47% | +5.27% | |
| 797 | OnRe - | — | $215.824M | +0.56% | +5.53% | |
| 798 | Marinade Native MNDE | — | $214.597M | -1.51% | +18.22% | |
| 800 | SUNSwap V3 SUN | — | $213.382M | +0.56% | +1.41% | |
| 801 | OpenEden TBILL - | — | $212.252M | +0.00% | -0.41% | |
| 803 | Mellow Core - | — | $210.185M | -0.08% | +17.81% | |
| 804 | UniRouter URO | — | $208.938M | -0.38% | +5.26% | |
| 806 | Meteora DLMM MET | — | $206.886M | +3.58% | +8.77% | |
| 807 |  PumpSwap - | — | $206.441M | +2.32% | +0.00% | |
| 810 | Avalon USDa - | — | $204.052M | -2.14% | +5.39% | |
| 811 | b14g - | — | $202.237M | -0.53% | +7.45% | |
| 812 | Buzz Farming B2 | — | $201.550M | -0.38% | +5.49% | |
| 813 |  USD AI - | — | $201.200M | +0.01% | +0.00% | |
| 814 | Lombard BTC.b BARD | — | $201.129M | -0.01% | +3.94% | |
| 815 | Pareto Credit - | — | $200.633M | -0.01% | +1.04% | |
| 817 | BitFi Basis - | — | $199.476M | -0.35% | -4.28% | |
| 818 | Marinade Liquid Staking MNDE | — | $198.489M | -1.46% | +10.63% | |
| 819 | USD AI CHIP | — | $198.316M | +0.03% | +1.19% | |
| 820 | Cooler Loans OHM | — | $198.006M | +0.86% | +9.35% | |
| 822 | Tonstakers LSD - | — | $197.664M | -1.37% | +13.41% | |
| 824 | stHYPE - | — | $195.474M | -1.58% | +14.84% | |
| 825 | Bitunix - | — | $193.852M | -0.03% | +0.91% | |
| 831 | RocketSwap Anubis - | — | $189.571M | +0.62% | — | |
| 832 | Saturn - | — | $187.324M | -0.12% | +8.84% | |
| 833 | Huma Finance V2 - | — | $186.815M | +0.45% | +3.48% | |
| 834 | WEEX WXT | — | $186.196M | -0.73% | +6.05% | |
| 835 | Defi Saver Asset Management - | — | $185.067M | -0.46% | +11.35% | |
| 836 | Stacks sBTC - | — | $183.774M | -0.22% | +4.79% | |
| 838 | FAssets - | — | $183.038M | -3.12% | +8.30% | |
| 840 | B2 Buzz B2 | — | $180.234M | -0.22% | +5.79% | |
| 841 | DigiFT - | — | $178.563M | +0.00% | +0.93% | |
| 842 | ether.fi Liquid ETHFI | — | $177.992M | -0.39% | +10.21% | |
| 843 | Balancer V3 BAL | — | $177.879M | +4.84% | +29.62% | |
| 848 | Hyperliquid Spot Orderbook HYPE | — | $176.536M | -1.14% | +3.19% | |
| 851 | GMX V2 Perps GMX | — | $175.702M | -0.84% | +5.42% | |
| 854 | Aerodrome Slipstream AERO | — | $173.392M | -0.86% | +3.60% | |
| 855 | Starknet Bridge STRK | — | $171.830M | -1.37% | +9.28% | |
| 856 | Nexus BTC - | — | $169.234M | -0.54% | -21.13% | |
| 858 | RockawayX - | — | $167.386M | -0.45% | +48.28% | |
| 859 |  Biconomy.com - | — | $166.245M | -1.58% | +0.00% | |
| 862 | Sanctum Infinity CLOUD | — | $164.683M | -1.50% | +14.36% | |
| 863 | Lorenzo sUSD1+ - | — | $163.461M | +0.61% | -0.62% | |
| 864 | Fraxtal FXTL | — | $162.994M | +0.06% | +0.43% | |
| 867 | Benqi Staked Avax QI | — | $159.824M | -1.05% | +6.91% | |
| 868 | kpk KPK | — | $159.516M | -0.36% | +6.91% |
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.