DeFi Protocols Ranked by TVL

Decentralized Finance protocols ranked by Total Value Locked (TVL). Updated every 15 minutes via DefiLlama.

Total Market Cap:$478.558B
Assets:594
#NamePriceMarket Cap24h %7d %
1550OpenEden USDO
OpenEden USDO
-
$28.170M-0.00%-4.30%
1551Merchant Moe Liquidity Book
Merchant Moe Liquidity Book
MOE
$28.148M+0.49%+0.00%
1552Hyperbeat Earn
Hyperbeat Earn
-
$28.103M+5.10%+5.15%
1553D2 Finance
D2 Finance
-
$28.051M-0.53%+12.21%
1554Balancer V2
Balancer V2
BAL
$28.035M+0.24%+5.70%
1556Chain Fusion
Chain Fusion
-
$27.898M-1.85%+0.00%
1559Haedal Protocol
Haedal Protocol
HAEDAL
$27.789M-1.69%+11.21%
1560SuperEarn
SuperEarn
-
$27.759M-17.06%+0.00%
1562Moonwell Vaults
Moonwell Vaults
WELL
$27.678M-5.19%+0.00%
1566RockSolid Network
RockSolid Network
-
$27.543M+0.44%+0.00%
1572Metronome Synth
Metronome Synth
MET
$27.313M-8.46%+0.00%
1573Steer Protocol
Steer Protocol
-
$27.210M+0.79%+0.00%
1574Dano Finance
Dano Finance
-
$27.167M+41.34%+0.00%
1575WEMIX.FI Staking
WEMIX.FI Staking
-
$27.149M+0.69%+11.54%
1578Nerona
Nerona
-
$27.117M+1.45%+0.00%
1579Kumbaya
Kumbaya
-
$27.113M-10.08%+0.00%
1580MegaETH Bridge
MegaETH Bridge
-
$27.085M-3.88%+0.00%
1582Pacifica Perps
Pacifica Perps
-
$27.059M-0.59%-1.37%
1584Liminal Basis
Liminal Basis
-
$26.909M+0.11%-0.78%
1585Axelar Cross Chain
Axelar Cross Chain
AXL
$26.902M+278.44%+0.00%
1586Silo V2
Silo V2
SILO
$26.786M+4.41%+0.00%
1587GoPlus Locker V3
GoPlus Locker V3
GPS
$26.785M+1.62%+4.97%
1588DxSale
DxSale
DX
$26.780M+0.14%+0.00%
1589Rhea Dex
Rhea Dex
RHEA
$26.762M-1.36%+7.44%
1591Liqwid
Liqwid
LQ
$26.698M-0.90%+0.00%
1592SaucerSwap V2
SaucerSwap V2
SAUCE
$26.685M+0.00%
1593Extra Finance Leverage Farming
Extra Finance Leverage Farming
EXTRA
$26.679M-1.50%+8.64%
1594EGAS swap
EGAS swap
-
$26.495M+304.22%+0.00%
1595Manta CeDeFi
Manta CeDeFi
-
$26.461M-0.03%+0.26%
1596UltraYield Vaults
UltraYield Vaults
-
$26.456M-5.82%+0.00%
1597B.Protocol Curator
B.Protocol Curator
-
$26.416M+0.98%+0.00%
1598Crypto.com Liquid Staking
Crypto.com Liquid Staking
-
$26.266M+0.10%+0.00%
1599XION Finance
XION Finance
-
$26.159M-2.65%-3.20%
1601Across
Across
ACX
$26.150M+0.23%+0.00%
1604Echelon Market
Echelon Market
ELON
$26.061M-5.49%+0.00%
1605Clearpool TPOOL
Clearpool TPOOL
CPOOL
$26.035M-0.99%-0.97%
1610Abstract
Abstract
-
$25.898M-0.97%+5.23%
1611Cetus CLMM
Cetus CLMM
CETUS
$25.830M-4.08%+9.64%
1612MoneyOnChain
MoneyOnChain
MOC
$25.826M-0.29%-17.68%
1613Manta Pacific
Manta Pacific
MANTA
$25.805M-2.10%+0.00%
1614Lazy Summer Protocol
Lazy Summer Protocol
SUMR
$25.792M-2.72%+0.00%
1615Neverland
Neverland
DUST
$25.655M-12.53%-35.38%
1617Metis Bridge
Metis Bridge
METIS
$25.583M-1.66%+3.92%
1618GLIF
GLIF
GLF
$25.537M-2.74%+7.63%
1619Meteora DAMM V2
Meteora DAMM V2
MET
$25.516M-1.76%+4.45%
1623NodeDAO
NodeDAO
-
$25.243M-0.84%+13.66%
1624xALGO Liquid Staking
xALGO Liquid Staking
FOLKS
$25.217M-1.34%+4.06%
1625Bitlayer YBTC Family
Bitlayer YBTC Family
-
$25.190M-0.47%-69.78%
1626SunX Bridge
SunX Bridge
SUN
$25.162M+0.12%+0.47%
1627Fraxlend
Fraxlend
FRAX
$25.122M-3.90%+0.00%
1628Hibt
Hibt
-
$25.086M-6.12%+0.00%
1629Wan Bridge
Wan Bridge
-
$25.040M-0.97%+10.69%
1630Blackhole CLMM
Blackhole CLMM
BLACK
$24.997M-1.69%+0.00%
1636Swell Liquid Staking
Swell Liquid Staking
SWELL
$24.540M-0.84%+12.62%
1638Hydration DEX
Hydration DEX
HDX
$24.391M-1.17%+2.61%
1639Mellow Restaking
Mellow Restaking
-
$24.384M+18.34%+0.00%
1640RHEA LST
RHEA LST
-
$24.353M-6.29%+0.00%
1645Kodiak V3
Kodiak V3
-
$24.141M-7.12%+0.00%
1646Hakutora
Hakutora
-
$24.081M+2.33%+2.26%
1649wTAO
wTAO
-
$24.023M-0.53%+6.22%
1652GoldFinger
GoldFinger
ART
$23.902M+0.03%+0.08%
1653Nucleus
Nucleus
-
$23.804M+0.79%-2.82%
1654Sygnum FIUSD Liquidity Fund
Sygnum FIUSD Liquidity Fund
-
$23.801M+0.00%+0.07%
1655PulseX V1
PulseX V1
PLSX
$23.790M+0.98%+0.00%
1656Immutable zkEVM
Immutable zkEVM
IMX
$23.770M-0.84%+6.53%
1657Predict Fun
Predict Fun
-
$23.737M-2.81%+7.70%
1658Folks Finance Lending
Folks Finance Lending
FOLKS
$23.728M-1.01%+2.17%
1659Asseto AoABT
Asseto AoABT
-
$23.720M+0.00%+0.55%
1664Sophon Bridge
Sophon Bridge
-
$23.569M-8.84%+0.00%
1665Infrared Finance
Infrared Finance
IR
$23.564M-4.16%-0.48%
1669MatrixDock STBT
MatrixDock STBT
-
$23.460M-1.25%-6.48%
1674Okcoin
Okcoin
-
$23.313M+10.58%+5.15%
1676Kodiak Islands
Kodiak Islands
KDK
$23.127M-0.87%+1.61%
1679Templar Protocol
Templar Protocol
-
$23.016M-1.39%-5.39%
1680T RIZE
T RIZE
RIZE
$23.000M+0.00%+0.00%
1682Aerodrome Ignition
Aerodrome Ignition
AERO
$22.968M+2.36%+1.94%
1683Ekubo
Ekubo
EKUBO
$22.907M+2.75%-2.54%
1687Zoomex
Zoomex
-
$22.765M-0.47%-2.89%
1688Orderly Bridge
Orderly Bridge
ORDER
$22.756M-0.51%-6.17%
1689Vena Finance
Vena Finance
-
$22.748M-0.11%+0.00%
1691Connext
Connext
NEXT
$22.742M-2.73%-6.60%
1692Swell Liquid Restaking
Swell Liquid Restaking
SWELL
$22.680M+4.10%-2.06%
1695Ethereal DEX
Ethereal DEX
USDe
$22.511M-0.44%-5.14%
1696Paradex Bridge
Paradex Bridge
-
$22.483M-0.40%-6.25%
1698AFX Bridge
AFX Bridge
-
$22.420M+0.38%+5.70%
1699OSL
OSL
-
$22.304M+7.25%-5.35%
1701Allbridge Core
Allbridge Core
-
$22.234M+2.69%+8.97%
1707Bluefin Spot
Bluefin Spot
BLUE
$22.027M+2.93%+0.00%
1712Gravity by Galxe
Gravity by Galxe
G
$21.920M-0.32%-8.53%
1723Minswap DEX
Minswap DEX
MIN
$21.454M-4.98%-3.30%
1726Velodrome V3
Velodrome V3
VELO
$21.368M-0.40%-20.87%
1727Pharaoh V3
Pharaoh V3
PHAR
$21.330M-1.94%-1.71%
1822Gearbox
Gearbox
GEAR
$0.00158527$15.853M+0.54%+0.88%
1966Aura
Aura
AURA
$0.0111$10.671M-6.89%-11.20%

Frequently Asked Questions

What is DeFi and how does it differ from traditional finance?

+

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?

+

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?

+

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?

+

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?

+

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.