Dependable and diverse yields: Inside the yAxis v3 upgrade and UIRead on the DeFi Pulse Blog

Total Value Locked (USD)

$104.02B

Maker Dominance

17.55%

DeFi Pulse Index

333.55
+7.87
(+2.42%)

Available fromTokenSets

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart
Notional Banner Link
Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Maker
Ethereum
Lending
$18.30B
3.42%
🥈
2.
Curve Finance
Multichain
DEXes
$14.90B
-0.39%
🥉
3.
Aave
Multichain
Lending
$12.06B
2.67%
4.
InstaDApp
Ethereum
Lending
$11.90B
-2.48%
5.
Compound
Ethereum
Lending
$11.60B
1.14%
6.
Convex Finance
Ethereum
Assets
$9.82B
2.45%
7.
Uniswap
Ethereum
DEXes
$8.29B
6.48%
8.
yearn.finance
Ethereum
Assets
$4.23B
-0.72%
9.
SushiSwap
Ethereum
DEXes
$3.89B
0.86%
10.
Liquity
Ethereum
Lending
$2.71B
2.79%
11.
Balancer
Ethereum
DEXes
$2.19B
-1.68%
12.
Bancor
Ethereum
DEXes
$1.84B
-0.05%
13.
Flexa
Ethereum
Payments
$1.64B
4.33%
14.
Rari Capital
Ethereum
Assets
$1.45B
-2.47%
15.
dYdX
Ethereum
Derivatives
$984.0M
-2.83%
16.
Fei Protocol
Ethereum
Assets
$980.0M
-0.03%
17.
RenVM
Ethereum
Assets
$958.2M
3.04%
18.
Notional
Ethereum
Lending
$925.4M
0.72%
19.
DeFi Saver
Ethereum
Lending
$918.0M
-11.93%
20.
TrueFi
Ethereum
Lending
$856.1M
0.84%
21.
Badger DAO
Ethereum
Assets
$793.1M
1.16%
22.
Tornado Cash
Ethereum
Payments
$792.4M
0.63%
23.
Alchemix
Ethereum
Lending
$791.2M
4.51%
24.
Alpha Homora
Ethereum
Lending
$763.1M
0.78%
25.
Loopring
Ethereum
DEXes
$690.9M
6.22%
26.
Index Coop
Ethereum
Assets
$658.5M
3.75%
27.
Synthetix
Ethereum
Derivatives
$654.0M
-6.26%
28.
Nexus Mutual
Ethereum
Derivatives
$638.9M
3.32%
29.
Sablier
Ethereum
Payments
$570.9M
0.15%
30.
C.R.E.A.M. Finance
Ethereum
Lending
$458.7M
1.76%
31.
Olympus
Ethereum
Assets
$444.3M
-1.57%
32.
Harvest Finance
Ethereum
Assets
$361.0M
2.31%
33.
Set Protocol
Ethereum
Assets
$339.6M
4.96%
34.
KeeperDAO
Ethereum
Lending
$273.0M
3.48%
35.
Reflexer
Ethereum
Lending
$216.1M
3.38%
36.
Vesper
Ethereum
Assets
$200.5M
2.24%
37.
Ribbon Finance
Ethereum
Derivatives
$198.2M
2.18%
38.
Element Finance
Ethereum
Assets
$190.6M
-0.62%
39.
Lightning Network
Bitcoin
Payments
$181.1M
0.92%
40.
KEEP Network
Ethereum
Assets
$175.4M
3.52%
41.
BiFi
Ethereum
Lending
$158.3M
0.33%
42.
DefiDollar
Ethereum
Assets
$153.8M
5.58%
43.
Enzyme Finance
Ethereum
Assets
$147.6M
3.84%
44.
mStable
Multichain
Assets
$143.8M
3.71%
45.
Saddle
Ethereum
DEXes
$142.4M
0.36%
46.
xDai
Ethereum
Payments
$141.4M
9.83%
47.
Pickle Finance
Ethereum
Assets
$120.5M
-0.99%
48.
Idle Finance
Ethereum
Lending
$100.6M
0.34%
49.
Metronome
Ethereum
Assets
$100.4M
3.34%
50.
BoringDAO
Ethereum
Assets
$93.5M
4.00%
51.
B.Protocol
Ethereum
Lending
$90.4M
-17.27%
52.
Dfyn Network
Polygon
DEXes
$89.4M
3.75%
53.
O3 Swap
Ethereum
Assets
$79.3M
1.65%
54.
DeversiFi
Ethereum
DEXes
$78.7M
14.37%
55.
Beta Finance
Ethereum
Lending
$70.7M
0.58%
56.
Kyber
Ethereum
DEXes
$63.7M
3.90%
57.
QiDao
Polygon
Lending
$59.8M
2.05%
58.
DeFi Swap
Ethereum
DEXes
$59.7M
6.04%
59.
DODO
Ethereum
DEXes
$55.5M
1.24%
60.
UMA
Ethereum
Derivatives
$51.8M
2.34%
61.
Inverse
Ethereum
Assets
$48.2M
6.36%
62.
1inch Liquidity Protocol
Ethereum
DEXes
$42.7M
2.94%
63.
DerivaDEX
Ethereum
Derivatives
$42.0M
-0.11%
64.
Bella Flex Saving
Ethereum
Assets
$34.4M
3.75%
65.
dForce
Ethereum
Lending
$32.7M
2.39%
66.
Strike
Ethereum
Lending
$30.7M
1.69%
67.
WePiggy
Ethereum
Lending
$30.3M
20.78%
68.
Gnosis
Ethereum
DEXes
$28.3M
3.09%
69.
DFX Finance
Multichain
DEXes
$23.8M
12.28%
70.
Pendle Finance
Ethereum
Derivatives
$23.8M
0.12%
71.
Shell
Ethereum
DEXes
$19.5M
1.66%
72.
BarnBridge
Ethereum
Derivatives
$19.3M
0.99%
73.
88mph
Ethereum
Lending
$18.2M
1.19%
74.
xToken
Ethereum
Assets
$17.6M
2.01%
75.
Visor Finance
Ethereum
Assets
$17.6M
-14.70%
76.
bZx
Ethereum
Lending
$16.8M
2.43%
77.
HEGIC
Ethereum
Derivatives
$15.9M
0.80%
78.
Cryptex
Ethereum
Derivatives
$15.5M
1.76%
79.
IDEX
Ethereum
DEXes
$14.4M
2.82%
80.
dHEDGE
Ethereum
Assets
$12.6M
-3.01%
81.
Integral
Ethereum
DEXes
$12.2M
2.64%
82.
InsurAce Protocol
Ethereum
Derivatives
$12.0M
1.38%
83.
Erasure
Ethereum
Derivatives
$11.8M
6.93%
84.
Tranche
Multichain
Derivatives
$10.7M
0.43%
85.
OnX Finance
Ethereum
Lending
$10.2M
-8.31%
86.
Swerve Finance
Ethereum
DEXes
$8.3M
0.41%
87.
C.R.E.A.M. Swap
Ethereum
DEXes
$7.6M
3.05%
88.
DDEX
Ethereum
Lending
$6.2M
-7.69%
89.
Crypto Volatility Index
Multichain
Derivatives
$5.9M
0.87%
90.
Nsure Network
Ethereum
Derivatives
$5.6M
3.93%
91.
Premia
Ethereum
Derivatives
$5.5M
-0.33%
92.
Convergence
Ethereum
DEXes
$5.5M
6.80%
93.
Mushrooms Finance
Ethereum
Assets
$5.3M
3.84%
94.
Warp Finance
Ethereum
Lending
$5.3M
1.54%
95.
PowerIndex
Ethereum
DEXes
$4.4M
5.01%
96.
Impermax
Ethereum
Lending
$4.2M
5.18%
97.
cvault.finance
Ethereum
Assets
$3.8M
-0.11%
98.
Wing Finance
Ethereum
Lending
$3.4M
3.98%
99.
PieDAO
Ethereum
Assets
$2.6M
6.84%
100.
Augur
Ethereum
Derivatives
$2.4M
0.00%
101.
DEXTF
Ethereum
Assets
$2.2M
-10.85%
102.
MCDEX
Ethereum
Derivatives
$2.1M
-0.81%
103.
Opium Network
Multichain
Derivatives
$2.1M
13.23%
104.
Siren
Ethereum
Derivatives
$1.7M
3.91%
105.
Snowswap
Ethereum
DEXes
$1.3M
4.42%
106.
Varen
Ethereum
DEXes
$1.3M
4.40%
107.
Lien
Ethereum
Derivatives
$1.3M
1.79%
108.
Auctus
Ethereum
Derivatives
$1.2M
1.65%
109.
ForTube
Ethereum
Lending
$1.1M
2.27%
110.
DFI.money
Ethereum
Assets
$1.0M
0.69%
111.
PEAKDEFI
Ethereum
Assets
$971.6K
3.08%
112.
yAxis
Ethereum
Assets
$860.0K
0.00%
113.
Cover Protocol
Ethereum
Derivatives
$814.0K
0.06%
114.
Value DeFi
Ethereum
Assets
$770.6K
1.99%
115.
DeFiner
Ethereum
Lending
$730.9K
2.59%
116.
Futureswap
Ethereum
Derivatives
$712.4K
1.68%
117.
Volmex Finance
Ethereum
Derivatives
$688.1K
-0.09%
118.
DeFi Yield Protocol
Ethereum
Assets
$541.4K
0.87%
119.
Ruler Protocol
Ethereum
Lending
$428.8K
0.38%
120.
Value Liquid
Ethereum
DEXes
$403.7K
3.97%
121.
UniTrade
Ethereum
DEXes
$252.5K
-0.79%
122.
QIAN
Ethereum
Lending
$241.1K
1.34%
123.
Primitive
Ethereum
Derivatives
$192.4K
3.18%
124.
S Finance
Ethereum
DEXes
$102.8K
0.48%
125.
DeFireX
Ethereum
Assets
$39.9K
0.36%
126.
RAY
Ethereum
Lending
$1.9K
2.38%
127.
Origin Protocol
Ethereum
Assets
$0
-

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi, DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD. You can view the open source project adapters that power our metrics here.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.