DeFi data hub

DeFi TVL and DEX Volume

Total value locked in DeFi is $96.78 billion. Decentralized exchanges traded $8.12 billion over 24 hours, and users paid $75.59 million in protocol fees.

Live data · updated every hour

Total value locked$96.78B+0.1%+2.1% in 7 days · +9.7% in 30 days

DEX volume · 24h$8.12B+28.6%$64.38B traded over the past 7 days

Protocol fees · 24h$75.59M+3.2%$40.40M kept as protocol revenue

Stablecoin market cap$312.68B+0.15%+$1.41B this week · USDT 58.6% share

DeFi market cap$89.54B+0.3%Tokens worth 0.93× the value locked

Total value locked

Assets deposited in DeFi protocols across all chains, in US dollars.

Value locked$96.78BEthereum 56.1% · Solana 7.0%

Change · 1Y−$69.94B−42.0% over the period

Period high$171.06BOct 7, 2025

Period low$68.18BJul 1, 2026

Total value locked Touch the chart for valuesHover the chart for values

Top chains

Value locked and change over 24 hours

1Ethereum56.1% of DeFi$54.28B−0.1%2Solana7.0% of DeFi$6.79B+1.4%3Base6.7% of DeFi$6.47B+0.5%4BNB Chain6.0% of DeFi$5.80B−0.6%5Tron5.9% of DeFi$5.71B−0.2%6Bitcoin4.8% of DeFi$4.61B+0.4%7Arbitrum1.5% of DeFi$1.44B+0.8%8Hyperliquid L11.3% of DeFi$1.21B+1.1%

Top DeFi protocols

Ranked by total value locked. Filter by category, sort any column and open a protocol for its full profile.

1 LidoLiquid Staking · LDOLDO Liquid Staking $26.59B −0.6% +0.3% $1.78M $110K 2 AaveLending · AAVEAAVE Lending +20 $19.50B −0.4% +1.6% $1.42M $178K 3 MorphoLending · MORPHOMORPHO Lending +35 $11.49B +0.6% +4.8% $680K — 4 Wrapped BitcoinBridge · WBTCWBTC Bridge $10.05B +0.2% +3.3% — — 5 HyperliquidPerpetuals · HYPEHYPE Perpetuals $7.36B +0.2% −1.4% $3.03M $2.45M 6 SparkLending · SPKSPK Lending +6 $7.35B −0.3% +1.1% $630K $41K 7 EigenLayerRestaking · EIGENEIGEN Restaking $7.09B −0.1% +0.9% $18K — 8 SkyCDP · SKYSKY CDP $6.22B +1.9% +3.6% $920K $454K 9 ether.fiLiquid Staking · ETHFIETHFI Liquid Staking +3 $5.62B −0.1% +0.6% $404K $136K 10 EthenaBasis Trading · ENAENA Basis Trading $5.40B +1.2% +1.2% — $0 11 UniswapDEX · UNIUNI DEX +42 $3.97B −0.3% +1.9% $3.58M $197K 12 PancakeSwapDEX · CAKECAKE DEX +8 $2.32B −0.4% +1.1% $541K $179K 13 PortalBridge · WW Bridge +11 $1.97B +4.2% +8.5% $1K — 14 CompoundLending · COMPCOMP Lending +7 $1.64B +0.1% +1.2% $77K $11K 15 KaminoLending · KMNOKMNO Lending $1.48B +0.3% +0.2% $165K $22K

Showing 15 of 32 protocols · fees and revenue over the past 24 hours

Top gainers

Protocols whose value locked rose the most over the past week. Charts show the last 7 days.

PortalBridge +8.5%$1.97B TVL MorphoLending +4.8%$11.49B TVL SkyCDP +3.6%$6.22B TVL Wrapped BitcoinBridge +3.3%$10.05B TVL AsterPerpetuals +2.3%$793M TVL JitoLiquid Staking +2.1%$1.26B TVL

DEX volume

How much changes hands on decentralized exchanges each day, and where.

Daily volume

Spot trading on decentralized exchanges across all chains.

Volume · 24h$8.12B+28.6% vs the day before

Total · 1M$305.61B$10.19B a day on average

Busiest day$13.94BMon, Sep 21

Top DEXs · 24h

Share of the $8.12B traded in the past day

1inch26.2%$2.13B+1.9% 7d Uniswap25.8%$2.10B−1.6% 7d PancakeSwap9.4%$767M+12.3% 7d Aerodrome7.0%$567M+18.7% 7d Pump3.8%$307M−7.9% 7d Orca3.5%$282M−9.0% 7d

All other DEXs · 24.3%$1.98B

Lending markets

Deposits, loans and USDC rates on six of the largest money markets.

Total supplied$64.58BDeposits across the six markets

Total borrowed$24.16BLoans outstanding

Utilization37.4%Share of deposits lent out

Best USDC supply rate4.75%On Fluid

ProtocolSuppliedBorrowedUtilizationUSDC supplyUSDC borrow

AaveEthereum + 22 more $32.69B $13.19B 40.3% 4.63% 5.44% MorphoEthereum + 37 more $17.10B $5.61B 32.8% 2.93% 6.15% SparkEthereum + 8 more $8.57B $2.90B 33.9% 3.39% 4.18% KaminoSolana $2.41B $1.01B 41.8% — — CompoundEthereum + 9 more $2.31B $669M 28.9% 3.98% 4.83% FluidEthereum + 4 more $1.49B $778M 52.1% 4.75% —

Fees & revenue

The ten protocols we track that earned the most in fees over the past 24 hours. Revenue is the part each protocol keeps.

1 UniswapDEX $3.58M $197K 6% 2 HyperliquidPerpetuals $3.03M $2.45M 81% 3 LidoLiquid Staking $1.78M $110K 6% 4 AaveLending $1.42M $178K 12% 5 MeteoraDEX $1.02M $131K 13% 6 SkyCDP $920K $454K 49% 7 MorphoLending $680K — — 8 SparkLending $630K $41K 7% 9 RaydiumDEX $598K $101K 17% 10 GMXPerpetuals $552K $141K 25%

Fees paid by usersRevenue kept by the protocol

Top chains

Where DeFi capital sits, with trading and stablecoin activity on each network.

#ChainTVL24h7dShare of TVLProtocolsDEX volumeStablecoins

1 Ethereum $54.28B −0.1% +1.6% 56.1% 1,780 $1.10B $146.33B 2 Solana $6.79B +1.4% +5.2% 7.0% 399 $2.06B $16.54B 3 Base $6.47B +0.5% +3.7% 6.7% 869 $1.31B $5.20B 4 BNB Chain $5.80B −0.6% +1.6% 6.0% 1,078 $841M $13.30B 5 Tron $5.71B −0.2% +1.3% 5.9% 45 $45.8M $94.24B 6 Bitcoin $4.61B +0.4% +3.5% 4.8% 88 $0.5M — 7 Arbitrum $1.44B +0.8% +0.3% 1.5% 995 $157M $3.77B 8 Hyperliquid L1 $1.21B +1.1% +2.1% 1.3% 188 $275M $7.46B 9 Robinhood Chain $1.05B +0.4% +4.2% 1.1% 230 $1.18B $1.07B 10 Monad $1.04B −0.7% +1.5% 1.1% 145 $38.2M $710M 11 Polygon $730M −1.3% −5.5% 0.8% 676 $185M $2.97B 12 Avalanche $662M +2.8% +6.2% 0.7% 519 $130M $1.48B

All other chains · 7.2% of TVL$6.99B

Stablecoins

The dollar tokens that DeFi runs on.

Stablecoin supply

Total market value of dollar stablecoins over the past year.

Market cap$312.68BAll dollar stablecoins

7-day change+$1.41B+0.5%

1-year change+$11.53B+3.8%

Largest stablecoins

Market cap, share of supply and change over 7 days.

USDTTether · Fiat-backed$184.19B58.6% · +0.2%

USDCCircle · Fiat-backed$74.32B23.7% · −0.7%

USDSSky · Crypto-backed$7.02B2.2% · +6.4%

USDeEthena · Crypto-backed$4.97B1.6% · +1.3%

DAISky · Crypto-backed$4.80B1.5% · +0.1%

USD1World Liberty Financial · Fiat-backed$4.44B1.4% · +0.2%

USDGPaxos · Fiat-backed$3.08B1.0% · −2.7%

All other stablecoins · 9.9%$31.24B

About this page

DeFi, or decentralized finance, means lending, trading and earning yield through smart contracts instead of banks or brokers. This dashboard follows DeFi cryptocurrency activity across all chains: total value locked, the protocols that hold it, decentralized cryptocurrency exchange volume, lending rates, fees and the stablecoins most of DeFi runs on.

Top DeFi protocols ranks 32 protocols by value locked, with filters for DEXs, lending, liquid staking, perpetuals, yield and bridges, and each one opens a full profile. Lending markets compares USDC rates across protocols. Fees are what users pay to use a protocol, and revenue is the part the protocol keeps after paying liquidity providers and stakers.

Value locked counts deposits in protocols, while DeFi market cap is the value of the protocols' own tokens, so the two figures differ. DefiLlama supplies TVL, DEX volume, fees, revenue and stablecoin totals every hour, and lending rates come from its yields data. Money in DeFi carries smart-contract and liquidation risk that a bank deposit does not.

Questions

Short answers to what people ask most.

Total value locked is the US dollar value of the assets deposited in DeFi protocols. Across all chains it stands at $96.78 billion today.

A DEX, or decentralized exchange, lets you swap tokens from your own wallet through smart contracts, with no company holding your funds. DEXs traded $8.12 billion over the past 24 hours.

DeFi is financial services such as lending, trading and yield run by smart contracts on public blockchains. Anyone with a wallet can use them, with no bank in between.

A liquidity pool is a pair or group of tokens locked in a smart contract. Traders swap against it, and the people who supplied the tokens earn a share of the trading fees.

TVL counts the assets deposited in protocols. DeFi market cap multiplies each DeFi token's price by its circulating supply and adds them up.

DefiLlama supplies value locked, DEX volume, fees, revenue and stablecoin totals every hour, and USDC lending rates come from its yields data.

Latest DeFi news

Protocols, yields and the money moving between them.

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