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BTC: $82,309 ▲ 0.9%ETH: $2,438 ▲ 0.4%Market Cap: $2.76T ▲ 0.7%24h Vol: $109.64BDominance: BTC 59.9% ETH 10.8%

Decentralized Finance (DeFi)

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

Token market cap
$77.58B
-0.37% in 24h
24h token volume
$8.18B
10.5% of market cap
Total value locked
$164.88B
-2.99% in 24h
Protocol fees (24h)
$30.84M
Tracked projects
976
500 tokens · 500 platforms

Today in the data

The 500 tracked DeFi tokens are worth $77.58B combined, down 0.4% over the last 24 hours, on $8.18B of trading volume. 210 of 500 rose on the day. Hyperliquid is the largest at 27% of the narrative's market cap. The strongest 24h move was Aergo (+112.2%); the weakest was Faze (−22.5%). 451 platforms hold $164.88B on-chain, led by Lido ($22.94B). Protocols earned $30.84M in fees over the last 24 hours; Papertrade earned the most ($6.84M).

Top tokens
All tokens
  1. 1
    HyperliquidHyperliquidHYPE
    $20.7B
    +1.90%
  2. 2
    ChainlinkChainlinkLINK
    $9.36B
    +0.68%
  3. 3
    BitwayBitwayBTW
    $5.54B
    -20.19%
  4. 4
    UniswapUniswapUNI
    $4.71B
    +5.06%
  5. 5
    EthenaEthenaENA
    $2.68B
    +2.26%
  6. 6
    AaveAaveAAVE
    $2.41B
    +0.02%
  7. 7
    AsterAsterASTER
    $1.91B
    +2.56%
  8. 8
    World Liberty FinancialWorld Liberty FinancialWLFI
    $1.84B
    +1.76%
  9. 9
    SkySkySKY
    $1.67B
    +0.05%
  10. 10
    MorphoMorphoMORPHO
    $1.3B
    +5.04%
Top platforms
All platforms
  1. 1Lido
    Lido
    Liquid staking · Ethereum, Solana +3
    $22.94B
    TVL
  2. 2Aave V3
    Aave V3
    Lending · Ethereum, Base +19
    $16.66B
    TVL
  3. 3SSV Network
    SSV Network
    Staking pool · Ethereum
    $12.4B
    TVL
  4. 4Morpho Blue
    Morpho Blue
    Lending · Ethereum, Base +43
    $10.89B
    TVL
  5. 5Binance staked ETH
    Binance staked ETH
    Liquid staking · Ethereum, BNB Chain
    $8.84B
    TVL
  6. 6EigenCloud
    EigenCloud
    Restaking · Ethereum
    $6.07B
    TVL
  7. 7Sky Lending
    Sky Lending
    CDP · Ethereum
    $5.62B
    TVL
  8. 8SparkLend
    SparkLend
    Lending · Ethereum, Gnosis
    $5.15B
    TVL
  9. 9Ethena USDe
    Ethena USDe
    Basis trading · Ethereum
    $4.74B
    TVL
  10. 10ether.fi Stake
    ether.fi Stake
    Liquid staking · Ethereum, Base +4
    $4.49B
    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.