Skip to main content
DFR Publication

Rankings · refreshed at build

Top DeFi protocols by TVL

The largest DeFi protocols by total value locked (TVL) as of 7 November 2026 include Lido, LayerZero V2, Aave V3, SSV Network, Morpho Blue. CEX custody balances are excluded. TVL measures assets deposited in smart contracts — it is not a safety score. Skip this table if you wanted exchange AUM.

Data source: DeFiLlama · Last refreshed 7 November 2026

The 100 largest DeFi protocols by TVL

Together they hold $230.53B. The top five account for 33.7% of that and the top ten for 49.9%.

DeFi protocols ranked by total value locked, 7 November 2026
# Protocol TVL
1 Lido $21.76B
2 LayerZero V2 $17.69B
3 Aave V3 $15.79B
4 SSV Network $11.72B
5 Morpho Blue $10.80B
6 WBTC $8.84B
7 Binance staked ETH $8.68B
8 Coinbase Bridge $7.66B
9 Hyperliquid Bridge $6.42B
10 EigenCloud $5.72B
11 Binance Bitcoin $5.18B
12 SparkLend $5.03B
13 Ethena USDe $4.92B
14 ether.fi Stake $4.25B
15 Sky Lending $4.21B
16 JustLend V1 $3.42B
17 USDT0 $3.36B
18 Arbitrum Bridge $3.28B
19 JustLend sTRX $3.15B
20 Babylon Protocol $3.09B
21 Base Bridge $2.89B
22 Steakhouse Financial $2.82B
23 Spark Liquidity Layer $2.81B
24 Sentora Curator $2.69B
25 Polygon Bridge $2.68B
26 Maple $2.47B
27 JustCryptos $2.42B
28 CCIP $1.86B
29 Veda $1.71B
30 Falcon Finance $1.66B
31 Sanctum Validator LSTs $1.60B
32 Hyperliquid Earn $1.54B
33 Uniswap V3 $1.52B
34 Gauntlet $1.49B
35 PancakeSwap AMM $1.46B
36 Portal $1.37B
37 Obol $1.26B
38 Spark Savings $1.26B
39 Compound V3 $1.25B
40 Concrete $1.21B
41 Kamino Lend $1.19B
42 Grove Finance $1.11B
43 Uniswap V4 $1.10B
44 USDD $1.09B
45 Rocket Pool $1.09B
46 Curve DEX $1.08B
47 Venus Core Pool $1.08B
48 Raydium AMM $1.02B
49 Pendle V2 $998.5M
50 Binance Staked SOL $980.8M
51 Unit $957.1M
52 Jupiter Lend $928.1M
53 Jito Liquid Staking $926.2M
54 Lista Lending $911.7M
55 StakeWise V3 $879.9M
56 Uniswap V2 $864.8M
57 Kelp $841.2M
58 Kinetiq kHYPE $822.2M
59 Aave V4 $804.5M
60 Tornado Cash $779.0M
61 Kraken Bitcoin $718.5M
62 Lista Liquid Staking $705.9M
63 PancakeSwap AMM V3 $682.1M
64 Jupiter Perpetual Exchange $663.5M
65 Function FBTC $632.5M
66 Fluid Lending $617.5M
67 Liquid Collective $614.1M
68 Aster Bridge $578.6M
69 Lighter Bridge $573.1M
70 Robinhood Chain Bridge $572.4M
71 Nonce Capital $569.1M
72 mETH Protocol $522.9M
73 Lombard LBTC $520.9M
74 Convex Finance $506.7M
75 Optimism Bridge $485.5M
76 Re $484.8M
77 SolvBTC $469.4M
78 Upshift $460.9M
79 Jupiter Staked SOL $459.6M
80 Lorenzo enzoBTC $457.1M
81 Coinbase Wrapped Staked ETH $444.0M
82 Ethena USDtb $416.1M
83 Bittensor dTAO $399.0M
84 Merlins Seal $391.4M
85 ether.fi Liquid $373.3M
86 Huma $345.5M
87 Defi Saver Asset Management $343.1M
88 Bedrock uniBTC $341.8M
89 Nexus BTC $340.1M
90 RocketSwap Anubis $337.7M
91 tBTC $327.8M
92 Marinade Native $324.2M
93 Polymarket International $323.7M
94 PumpSwap $311.6M
95 OnRe $308.5M
96 HyperLend Pooled $306.4M
97 World Chain Bridge $306.3M
98 EtherFi Borrowing Market $301.3M
99 RockawayX $299.5M
100 Symbiotic $288.7M

TVL is a snapshot metric — it changes continuously as users deposit and withdraw. CEX custody balances are excluded. Download the same table as CSV or the Frictionless Data Package. Use our protocol guides and live APY tools for deeper analysis. Curve, Convex, Resupply, Inverse Finance and Frax are covered in the lending hub even when they sit below the top TVL rows.

TVL by category

Where the value in these 100 protocols sits, grouped by DeFiLlama category.

Total value locked by protocol category, 7 November 2026
Category TVL Share Largest
Bridge (18) $59.91B 26.0% LayerZero V2
Liquid Staking (15) $46.89B 20.3% Lido
Lending (15) $46.44B 20.1% Aave V3
Staking Pool (3) $13.31B 5.8% SSV Network
Canonical Bridge (6) $10.22B 4.4% Arbitrum Bridge
Restaking (2) $8.82B 3.8% EigenCloud
Dexs (10) $8.78B 3.8% Uniswap V3
Risk Curators (5) $7.87B 3.4% Steakhouse Financial
Onchain Capital Allocator (6) $7.67B 3.3% Spark Liquidity Layer
Basis Trading (2) $6.58B 2.9% Ethena USDe
CDP (2) $5.30B 2.3% Sky Lending
Yield (3) $2.77B 1.2% Spark Savings

Where these protocols are deployed

Number of the 100 protocols with a deployment on each chain. 52 of them run on more than one chain, so the counts overlap.

  1. Ethereum 69
  2. Arbitrum 29
  3. Base 25
  4. Solana 23
  5. Binance 17
  6. Bitcoin 15
  7. Monad 11
  8. Hyperliquid L1 9
  9. Optimism 9
  10. Robinhood Chain 9

Methodology and how to read TVL

Figures come from DeFiLlama's public protocol API and are fetched when this site is built, most recently on 7 November 2026. Centralised-exchange custody balances are removed, so the ranking only includes assets held in smart contracts. Rank is by total value locked across all chains a protocol reports.

TVL is the market value of deposited assets, so it moves with token prices as much as with deposits: a 20% fall in ETH lowers the TVL of an ETH-heavy protocol by a similar amount even if nobody withdraws. Assets can also be counted more than once — ETH staked with a liquid staking protocol and the resulting token deposited in a lending market appear in both protocols' totals.

TVL measures size and liquidity, not safety or yield. Large protocols have still been exploited, and a smaller protocol can be the better fit for a specific asset. Read what TVL does and does not tell you and run a protocol through the due-diligence checklist before depositing.