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Decentralized Finance (DeFi)

DEXs, lending markets, liquid staking, derivatives and yield protocols, ranked by TVL, fees and token market data.

Token market cap
$80.34B
+2.26% in 24h
24h token volume
$8.69B
10.8% of market cap
Total value locked
$180.38B
+1.75% in 24h
Protocol fees (24h)
$25.15M
Tracked projects
973
500 tokens · 500 platforms

Today in the data

The 500 tracked DeFi tokens are worth $80.34B combined, up 2.3% over the last 24 hours, on $8.69B of trading volume. 293 of 500 rose on the day. Hyperliquid is the largest at 29% of the narrative's market cap. The strongest 24h move was BENQI (+201.7%); the weakest was Neon EVM (−43.4%). 448 platforms hold $180.38B on-chain, led by Lido ($26.42B). Protocols earned $25.15M in fees over the last 24 hours; PumpSwap earned the most ($3.39M).

Top tokens
All tokens
  1. 1
    HyperliquidHyperliquidHYPE
    $23.1B
    -1.24%
  2. 2
    ChainlinkChainlinkLINK
    $10.36B
    +8.88%
  3. 3
    UniswapUniswapUNI
    $6.01B
    +3.62%
  4. 4
    BitwayBitwayBTW
    $3.32B
    +13.31%
  5. 5
    EthenaEthenaENA
    $2.52B
    +10.78%
  6. 6
    AaveAaveAAVE
    $2.28B
    +2.18%
  7. 7
    AsterAsterASTER
    $1.96B
    +1.73%
  8. 8
    World Liberty FinancialWorld Liberty FinancialWLFI
    $1.81B
    +2.35%
  9. 9
    SkySkySKY
    $1.74B
    +1.15%
  10. 10
    MorphoMorphoMORPHO
    $1.47B
    -5.56%
Top platforms
All platforms
  1. 1Lido
    Lido
    Liquid staking · Ethereum, Solana +3
    $26.42B
    TVL
  2. 2Aave V3
    Aave V3
    Lending · Ethereum, Base +19
    $18.3B
    TVL
  3. 3SSV Network
    SSV Network
    Staking pool · Ethereum
    $14.14B
    TVL
  4. 4Morpho Blue
    Morpho Blue
    Lending · Ethereum, Base +43
    $10.91B
    TVL
  5. 5Binance staked ETH
    Binance staked ETH
    Liquid staking · Ethereum, BNB Chain
    $10.05B
    TVL
  6. 6EigenCloud
    EigenCloud
    Restaking · Ethereum
    $7.06B
    TVL
  7. 7Sky Lending
    Sky Lending
    CDP · Ethereum
    $5.85B
    TVL
  8. 8SparkLend
    SparkLend
    Lending · Ethereum, Gnosis
    $5.63B
    TVL
  9. 9ether.fi Stake
    ether.fi Stake
    Liquid staking · Scroll, Arbitrum +3
    $5.2B
    TVL
  10. 10Ethena USDe
    Ethena USDe
    Basis trading · Ethereum
    $4.9B
    TVL
Biggest movers (24h)

Gainers

Losers

Recently listed

Data updated

What is Decentralized Finance (DeFi)?

Decentralized finance is financial infrastructure run by smart contracts instead of intermediaries: exchanges without order-book operators, lending markets that price risk algorithmically, staking derivatives and on-chain derivatives venues.

TVL measures the capital users have committed to these protocols; fees measure what users actually pay to use them. The two diverge often, and the gap is usually the more interesting number.

Methodology

Tokens come from CoinMarketCap's DeFi category, excluding stablecoins and the layer-1 networks and infrastructure tokens CoinMarketCap files there. Platforms are DefiLlama protocols in trading, lending, staking, derivatives and yield categories; bridges, CEXs and RWA protocols (tracked in their own narrative) are excluded.

A token is tracked while it trades at least $1K a day; stablecoins are excluded, and the 500 largest by market cap are kept. Market data refreshes every 15 minutes from CoinMarketCap; TVL and protocol fees refresh hourly from DefiLlama; TVL totals leave out protocols DefiLlama flags as double-counted (vaults and aggregators that deposit into other protocols). Aggregate changes are value-weighted, so large projects move the totals more than small ones.

Tables are ordered by the data alone — market cap, volume, TVL or fees.