Top DeFi Protocols by Total Value Locked
Lido ranks first with $20.8B in TVL, followed by LayerZero V2 ($16.8B) and Aave V3 ($15.3B), according to DefiLlama on Nov 9, 2026.
This table ranks DeFi protocols by the dollar value users have deposited in them: lending markets, DEXs, liquid staking, restaking and yield vaults. Centralized exchanges and blockchains themselves are excluded, so the list shows onchain apps only. A large TVL means deep liquidity and many users trusting the contracts; it is not an audit or a guarantee.
The top three hold 27% of the TVL across the 50 entries listed below.
DeFi Protocols ranked by TVL
| # | Name | TVL | 7-day change | Category |
|---|---|---|---|---|
| 1 | Lido | $20.8B | -4.9% | Liquid Staking · 5 chains |
| 2 | LayerZero V2 | $16.8B | +4.3% | Bridge · 91 chains |
| 3 | Aave V3 | $15.3B | -0.3% | Lending · 21 chains |
| 4 | SSV Network | $11.2B | -5.0% | Staking Pool · 1 chain |
| 5 | Morpho Blue | $10.8B | -2.4% | Lending · 45 chains |
| 6 | WBTC | $8.7B | -2.9% | Bridge · 1 chain |
| 7 | Binance staked ETH | $8.2B | -4.7% | Liquid Staking · 2 chains |
| 8 | Coinbase Bridge | $7.5B | -2.2% | Bridge · 5 chains |
| 9 | Hyperliquid Bridge | $6.2B | -2.3% | Bridge · 2 chains |
| 10 | EigenCloud | $5.4B | -6.1% | Restaking · 1 chain |
| 11 | Binance Bitcoin | $5.1B | -2.6% | Bridge · 1 chain |
| 12 | Ethena USDe | $5B | +8.9% | Basis Trading · 1 chain |
| 13 | SparkLend | $4.7B | -3.7% | Lending · 2 chains |
| 14 | Sky Lending | $4.2B | -15.9% | CDP · 1 chain |
| 15 | ether.fi Stake | $4.1B | -6.1% | Liquid Staking · 6 chains |
| 16 | JustLend V1 | $3.4B | +3.3% | Lending · 1 chain |
| 17 | USDT0 | $3.3B | +5.9% | Bridge · 1 chain |
| 18 | JustLend sTRX | $3.1B | -0.2% | Liquid Staking · 1 chain |
| 19 | Babylon Protocol | $3.1B | -2.7% | Restaking · 1 chain |
| 20 | Steakhouse Financial | $2.9B | +4.7% | Risk Curators · 11 chains |
| 21 | Sentora Curator | $2.7B | +5.3% | Risk Curators · 4 chains |
| 22 | Spark Liquidity Layer | $2.6B | -2.6% | Onchain Capital Allocator · 8 chains |
| 23 | Maple | $2.4B | -9.1% | Lending · 5 chains |
| 24 | JustCryptos | $2.4B | -3.8% | Bridge · 1 chain |
| 25 | CCIP | $1.8B | -1.5% | Bridge · 21 chains |
| 26 | Veda | $1.7B | -3.1% | Onchain Capital Allocator · 13 chains |
| 27 | Falcon Finance | $1.7B | -0.3% | Basis Trading · 1 chain |
| 28 | Gauntlet | $1.6B | +4.1% | Risk Curators · 14 chains |
| 29 | Sanctum Validator LSTs | $1.5B | -4.5% | Liquid Staking · 1 chain |
| 30 | Hyperliquid Earn | $1.5B | -7.0% | Lending · 1 chain |
| 31 | Uniswap V3 | $1.5B | -3.5% | Dexs · 45 chains |
| 32 | PancakeSwap AMM | $1.4B | -1.6% | Dexs · 11 chains |
| 33 | Portal | $1.4B | -0.2% | Bridge · 24 chains |
| 34 | Spark Savings | $1.3B | -2.8% | Yield · 8 chains |
| 35 | Compound V3 | $1.2B | -5.7% | Lending · 10 chains |
| 36 | Obol | $1.2B | +10.0% | Staking Pool · 1 chain |
| 37 | Concrete | $1.2B | -3.4% | Onchain Capital Allocator · 5 chains |
| 38 | Kamino Lend | $1.2B | -3.5% | Lending · 1 chain |
| 39 | Venus Core Pool | $1.1B | -1.3% | Lending · 8 chains |
| 40 | Grove Finance | $1.1B | -8.9% | Onchain Capital Allocator · 5 chains |
| 41 | Uniswap V4 | $1.1B | -4.5% | Dexs · 23 chains |
| 42 | Curve DEX | $1.1B | -3.0% | Dexs · 32 chains |
| 43 | USDD | $1.1B | -25.7% | CDP · 3 chains |
| 44 | Rocket Pool | $1B | -5.7% | Liquid Staking · 1 chain |
| 45 | Pendle V2 | $1B | -1.5% | Yield · 14 chains |
| 46 | Raydium AMM | $979.1M | -7.6% | Dexs · 1 chain |
| 47 | Binance Staked SOL | $943.3M | -5.5% | Liquid Staking · 1 chain |
| 48 | Unit | $913.2M | +0.6% | Bridge · 8 chains |
| 49 | Jupiter Lend | $910.1M | -7.1% | Lending · 1 chain |
| 50 | Lista Lending | $906M | -2.6% | Lending · 2 chains |
Names link to our project card when we have one, otherwise to the DefiLlama page.
Editor’s note · Sep 26, 2026
Protocols with several versions (for example v2 and v3) can appear as separate rows, as DefiLlama lists them.
Excluded DefiLlama categories: CEX, Chain, Canonical Bridge.
How it is ranked
- Source: DefiLlama's public protocols endpoint (api.llama.fi/protocols), fetched when the page is built and refreshed once a day.
- Order: current TVL in US dollars, highest first; the table shows the top 50.
- Excluded DefiLlama categories: CEX, Chain and Canonical Bridge, because they are not DeFi apps.
- 7-day change is DefiLlama's own figure for each protocol. We do not edit the order.
Educational content, not financial advice. TVL measures deposits, not safety or quality.
FAQ
What counts as a DeFi protocol here?
Any onchain app DefiLlama tracks with deposited value, such as lending markets, DEXs, liquid staking and yield vaults. Centralized exchanges and chain-level entries are removed.
Does high TVL mean a protocol is safe?
No. TVL shows how much money is deposited, not whether the code is secure. Check a protocol's audits, admin keys and incident history before depositing; our project cards list what we could verify.
Why can TVL change quickly?
TVL is priced in dollars, so it moves with the prices of the deposited tokens as well as with deposits and withdrawals. A market-wide price drop lowers every protocol's TVL at once.
How often is this ranking updated?
Once a day, from DefiLlama's public data. The date at the top of the page shows when the numbers were fetched.
How this page works
Sources: DefiLlama. Data as of Nov 9, 2026.
Not affiliated with any project listed. Educational content, not financial advice.