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 % | |
|---|---|---|---|---|---|---|
| 872 | RealT Tokens REG | — | $156.822M | -0.00% | +0.02% | |
| 873 | Telos Consilium - | — | $155.135M | +10.90% | +8.38% | |
| 874 | Solv Basis Trading SOLV | — | $155.087M | +0.56% | +5.09% | |
| 876 | Aave V4 AAVE | — | $153.932M | +0.58% | +4.80% | |
| 884 | Noble - | — | $148.888M | +0.18% | -4.66% | |
| 885 | Clearstar - | — | $148.024M | -0.93% | +8.98% | |
| 886 | VALR - | — | $147.650M | -0.86% | -1.16% | |
| 888 | PinkSale PINKSALE | — | $145.723M | +2.07% | +3.17% | |
| 890 | Mantle Bridge MNT | — | $144.140M | +0.09% | +3.38% | |
| 891 | exSat Staking BTC - | — | $143.987M | -1.69% | +6.50% | |
| 892 | Yearn Finance YFI | — | $143.840M | -0.66% | +2.66% | |
| 893 | EtherFi Borrowing Market ETHFI | — | $143.260M | -0.48% | +16.57% | |
| 895 | Bitrue - | — | $141.357M | -2.59% | +8.90% | |
| 896 | Blend Pools V2 - | — | $140.919M | -5.98% | +19.16% | |
| 902 | Lagoon - | — | $137.613M | -0.15% | +5.60% | |
| 905 | Extended - | — | $136.755M | -0.53% | +0.00% | |
| 906 | CoinDCX - | — | $136.382M | -0.98% | +6.78% | |
| 907 | Bitwise USCC - | — | $136.181M | +0.00% | -9.24% | |
| 910 | CoinEx CET | — | $134.579M | -4.25% | -2.04% | |
| 911 | Avalanche Core Bridge AVAX | — | $133.812M | -0.45% | +8.59% | |
| 912 | Extended Perps - | — | $133.538M | -0.08% | -1.41% | |
| 914 | Aerodrome V1 AERO | — | $132.957M | -0.14% | +12.08% | |
| 916 | Biconomy.com BIT | — | $132.381M | -0.59% | +9.14% | |
| 917 | Liquity V1 LQTY | — | $131.927M | -0.54% | +13.95% | |
| 922 | NAVI Lending NAVX | — | $126.957M | -1.30% | +5.72% | |
| 923 | Phantom SOL - | — | $126.801M | -1.40% | +15.42% | |
| 924 | GAIB - | — | $126.414M | -0.01% | -0.01% | |
| 926 | Fluid Lite FLUID | — | $125.683M | -1.04% | +12.11% | |
| 934 | Tectonic TONIC | — | $118.783M | -0.65% | +1.11% | |
| 936 | Hyperithm - | — | $117.979M | +0.71% | +2.56% | |
| 938 | Midas RWA - | — | $115.767M | +0.77% | -1.85% | |
| 941 | Apollo Diversified Credit Securitize Fund - | — | $114.985M | +0.00% | +0.11% | |
| 942 | zkSync Era txBridge - | — | $114.258M | -0.67% | +10.03% | |
| 943 | Sky Money SKY | — | $114.154M | +3.82% | +0.49% | |
| 945 | Frax USD FRAX | — | $113.469M | -0.19% | -1.34% | |
| 947 | Mantle Index Four Fund MI4 | — | $113.133M | +0.01% | +2.84% | |
| 949 | Aster USDF ASTER | — | $112.814M | +0.06% | +0.26% | |
| 950 | JPool - | — | $112.755M | -1.35% | +21.83% | |
| 953 | Derive V2 DRV | — | $112.388M | -1.21% | +4.46% | |
| 954 | Kamino Liquidity KMNO | — | $112.164M | -1.56% | -9.32% | |
| 956 | The Vault Liquid Staking - | — | $111.578M | -1.46% | +13.92% | |
| 957 | Suilend SEND | — | $111.506M | -0.63% | +9.30% | |
| 960 | RAAC - | — | $110.397M | +0.04% | +2.80% | |
| 963 | Homora V2 ALPHA | — | $110.274M | — | +0.00% | |
| 968 | UNCX Network V2 UNCX | — | $109.671M | -0.18% | +11.58% | |
| 969 | Aster asBNB ASTER | — | $109.140M | +1.94% | +5.68% | |
| 970 | EtherFi Cash Liquid ETHFI | — | $109.022M | +0.22% | +6.13% | |
| 971 | Avant avUSD - | — | $108.322M | +0.06% | +2.17% | |
| 972 | Beefy BIFI | — | $108.154M | -0.08% | +3.88% | |
| 973 | Aave V2 AAVE | — | $107.756M | -0.37% | +5.00% | |
| 983 | Securitize Tokenized AAA CLO Fund - | — | $102.436M | -0.01% | +0.09% | |
| 985 | Ember Protocol - | — | $102.057M | -1.89% | -1.81% | |
| 991 |  Unitas - | — | $101.523M | +0.38% | +0.00% | |
| 992 | VVS Standard VVS | — | $101.364M | -1.46% | +8.33% | |
| 993 | Stake DAO SDT | — | $100.998M | -0.14% | +3.29% | |
| 996 | Lofty - | — | $100.056M | -0.01% | +0.24% | |
| 999 | Doppler Finance - | — | $99.855M | -3.39% | +3.21% | |
| 1002 | R25 - | — | $99.247M | +0.02% | +0.46% | |
| 1005 | Marinade Select MNDE | — | $98.308M | -1.46% | +14.46% | |
| 1006 | Frax Ether FRAX | — | $98.006M | -0.87% | +10.69% | |
| 1007 | RSK Bridge - | — | $97.680M | -0.47% | +9431.34% | |
| 1008 | Bybit Staked SOL - | — | $97.326M | -1.87% | +12.36% | |
| 1010 |  Hyperlane - | — | $97.063M | — | +0.00% | |
| 1012 | Pionex - | — | $96.627M | -0.04% | +6.72% | |
| 1015 | Theo Network thBill - | — | $95.049M | -0.00% | -0.01% | |
| 1016 | edgeX Bridge EDGE | — | $94.987M | -1.05% | -0.07% | |
| 1017 | Usual USD0 USUAL | — | $94.919M | -0.10% | -0.21% | |
| 1019 | BloFin - | — | $94.111M | -2.48% | -5.53% | |
| 1021 | Ourbit - | — | $92.463M | -0.52% | +5.20% | |
| 1023 |  Flying Tulip FT | — | $92.207M | — | +0.00% | |
| 1023 |  Flying Tulip Yield FT | — | $92.207M | — | +0.00% | |
| 1025 | Renzo REZ | — | $91.479M | -2.12% | +4.35% | |
| 1026 | Compound V2 COMP | — | $91.142M | -0.51% | +7.39% | |
| 1030 | Aera V3 - | — | $89.710M | -0.37% | -0.97% | |
| 1033 | dYdX V4 dYdX | — | $88.720M | +0.28% | -9.54% | |
| 1035 |  Pleasing Gold PGOLD | — | $87.874M | — | +0.00% | |
| 1038 | Benqi Lending QI | — | $87.757M | -1.49% | +4.99% | |
| 1039 | Exponent V1 - | — | $87.302M | -0.63% | +7.32% | |
| 1043 | Rhea Lend RHEA | — | $86.733M | -0.59% | +6.85% | |
| 1047 | NEAR Intents - | — | $86.372M | +0.87% | +11.64% | |
| 1052 |  Zest V2 - | — | $84.802M | +0.14% | +0.00% | |
| 1054 | Re7 Labs - | — | $83.111M | -1.16% | -0.44% | |
| 1055 | Sky RWA SKY | — | $83.034M | -0.01% | +0.55% | |
| 1056 | Nexus Mutual NXM | — | $82.930M | -0.63% | +10.74% | |
| 1061 | SoSoValue Indexes SOSO | — | $81.769M | -1.14% | +10.04% | |
| 1064 | fx Protocol FXN | — | $81.334M | +0.17% | +9.31% | |
| 1065 |  AILayer farm - | — | $81.296M | -1.66% | +0.00% | |
| 1068 | Enzyme Finance MLN | — | $80.511M | +1.26% | +9.50% | |
| 1070 | Avalon CeDeFi - | — | $79.716M | -2.14% | -0.95% | |
| 1071 | Railgun RAIL | — | $79.528M | -0.64% | +1.86% | |
| 1072 | Loopscale - | — | $79.178M | — | +0.00% | |
| 1075 | River Omni-CDP RIVER | — | $78.269M | -0.24% | +5.51% | |
| 1082 | PancakeSwap Infinity CAKE | — | $75.685M | +0.49% | -0.10% | |
| 1084 | Liquity V2 LQTY | — | $75.382M | -0.60% | +14.35% | |
| 1086 | BlazeStake BLZE | — | $74.321M | -1.29% | -1.87% | |
| 1087 | Echo Bridge - | — | $74.319M | -0.46% | +5.12% | |
| 1088 |  Blast Bridge - | — | $74.309M | -2.71% | +0.00% | |
| 1089 | Mainstreet - | — | $74.188M | -0.01% | +0.01% | |
| 1090 | Polygon zkEVM Bridge - | — | $74.066M | +0.54% | +0.96% | |
| 1092 |  Exponent - | — | $73.738M | +5.18% | +0.00% |
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.