Money in DeFi.
How much money is locked in decentralized finance, on which chains and protocols, how many stablecoins circulate, DEX volumes and what stablecoins earn. DefiLlama data, every hour.
How much money is locked in DeFi
TVL is the value of all coins sitting in DeFi smart contracts: lending, staking, DEX pools and bridges. It rises when money comes in or coins get pricier, and falls on withdrawals and price drops.
Where DeFi money lives
Each chain's share of total TVL and how it changed over a week.
| Chain | TVL | 7d | 30d |
|---|---|---|---|
| Ethereumshare 54.7% | $48.18 B | −2.80% | −9.81% |
| Baseshare 6.8% | $5.96 B | −3.36% | −4.62% |
| Solanashare 6.5% | $5.73 B | −2.05% | −13.25% |
| BSCshare 6.3% | $5.50 B | −7.17% | −6.20% |
| Tronshare 6.2% | $5.41 B | −2.83% | −4.61% |
| Bitcoinshare 4.8% | $4.26 B | −3.25% | −4.95% |
| Hyperliquid L1share 2.7% | $2.39 B | −3.25% | −12.74% |
| Arbitrumshare 1.7% | $1.47 B | +4.33% | +1.44% |
| Robinhood Chainshare 1.3% | $1.13 B | −0.09% | +10.72% |
| Monadshare 1.1% | $981.5 M | +0.61% | −3.37% |
| Polygonshare 0.8% | $696.1 M | +2.74% | −11.51% |
| Arcshare 0.7% | $628.2 M | +18.92% | +24.81% |
Source: DefiLlama · updated
The largest protocols
By TVL. The category tells what a protocol does: lending, liquid staking, bridge, DEX.
| Protocol | TVL | 24h | 7d |
|---|---|---|---|
| LidoLiquid Staking · 5 chains | $22.30 B | −1.22% | −4.64% |
| LayerZero V2Bridge · 91 chains | $16.67 B | −1.15% | +33.11% |
| Aave V3Lending · 21 chains | $16.37 B | −1.11% | −3.57% |
| SSV NetworkStaking Pool | $12.04 B | −1.45% | −4.64% |
| Morpho BlueLending · 45 chains | $11.21 B | +0.42% | +0.95% |
| WBTCBridge | $9.26 B | −1.00% | −3.34% |
| Binance staked ETHLiquid Staking · 2 chains | $8.59 B | −1.44% | −4.58% |
| Coinbase BridgeBridge · 5 chains | $7.92 B | −0.30% | −1.54% |
| Hyperliquid BridgeBridge · 2 chains | $6.58 B | −0.69% | −2.74% |
| EigenCloudRestaking | $5.94 B | −1.33% | −4.64% |
| Binance BitcoinBridge | $5.42 B | −0.98% | −3.34% |
| Sky LendingCDP | $5.35 B | −2.49% | −6.47% |
| SparkLendLending · 2 chains | $4.88 B | −1.06% | −3.44% |
| Ethena USDeBasis Trading | $4.59 B | +0.12% | −1.99% |
| ether.fi StakeLiquid Staking · 6 chains | $4.43 B | −0.64% | −4.29% |
| JustLend V1Lending | $3.59 B | −0.97% | −3.00% |
| JustLend sTRXLiquid Staking | $3.26 B | +0.43% | −0.21% |
| Babylon ProtocolRestaking | $3.26 B | −0.94% | −3.12% |
| Arbitrum BridgeCanonical Bridge | $3.24 B | −0.99% | −7.00% |
| USDT0Bridge | $3.22 B | +0.60% | +3.36% |
Source: DefiLlama · updated
The market's dry powder
Dollar stablecoins total $303.61 B: −0.66% over a week, −0.79% over a month. Growing supply usually means new money is coming into crypto.
| Coin | Supply | 7d | Price |
|---|---|---|---|
| USDTTether · cash and bonds | $182.35 B | −0.61% | $0.999 |
| USDCUSD Coin · cash and bonds | $71.58 B | −1.40% | $1.000 |
| USDSSky Dollar · crypto | $6.82 B | −0.32% | $1.000 |
| DAIDai · crypto | $4.74 B | +0.43% | $1.000 |
| USDeEthena USDe · crypto | $4.59 B | −1.97% | $0.999 |
| USD1World Liberty Financial USD · cash and bonds | $3.95 B | −2.31% | $0.999 |
| USDGGlobal Dollar · cash and bonds | $3.08 B | +1.74% | $1.000 |
| PYUSDPayPal USD · cash and bonds | $2.92 B | +3.39% | $1.000 |
| RLUSDRipple USD · cash and bonds | $2.51 B | +3.61% | $1.000 |
| BUIDLBlackRock USD · cash and bonds | $2.17 B | −0.23% | $1.000 |
Source: DefiLlama · updated
Where people trade without a middleman
Spot decentralized exchange volume: $5.56 B in 24 hours (+10.34% vs the day before), $44.04 B over a week (−12.31% vs the week before).
| DEX | Volume 24h | 24h |
|---|---|---|
| Uniswap V47d $6.33 B | $891.6 M | +35.76% |
| Uniswap V37d $6.34 B | $817.6 M | +11.32% |
| PancakeSwap AMM V37d $3.74 B | $446.1 M | −29.93% |
| Aero Slipstream7d $1.16 B | $442.9 M | +44.62% |
| PumpSwap7d $1.78 B | $310.9 M | +175.83% |
| Manifest Trade7d $877.5 M | $205.1 M | +53.42% |
| Orca DEX7d $1.49 B | $192.7 M | +23.97% |
| BisonFi7d $2.03 B | $184.8 M | −15.74% |
| Metric V17d $1.39 B | $182.5 M | +46.09% |
| PancakeSwap Infinity7d $1.90 B | $142.5 M | −13.68% |
Source: DefiLlama · updated
What stablecoins earn
The biggest stablecoin pools without impermanent-loss risk, from $50M. These are not the highest rates but where most of the money sits. The rate moves daily, and the risk of a hack or a depeg never goes away.
| Pool | APY | TVL |
|---|---|---|
| SUSDSSky Lending · Ethereum | 3.80%30d: 3.73% | $4.85 B |
| USDCMaple · Ethereum | 5.08%30d: 5.18% | $2.61 B |
| SUSDEEthena Usde · Ethereum | 5.08%30d: 4.98% | $1.19 B |
| USDTMaple · Ethereum | 4.95%30d: 5.33% | $744.0 M |
| USDGMaple · Ethereum | 4.81%30d: 4.97% | $677.0 M |
| USDTSpark Savings · Ethereum | 3.75%30d: 3.68% | $648.0 M |
| USDEAave V3 · Plasma | 0.23%30d: 0.27% | $607.1 M |
| USDSSparklend · Ethereum | 3.77%30d: 4.41%, rewards 3.77% | $557.0 M |
| SUSDAIUsd Ai · Arbitrum | 6.25%30d: 6.77% | $554.0 M |
| STEAKUSDGMorpho Blue · Robinhood Chain | 6.93%30d: 7.05%, rewards 3.17% | $544.3 M |
| USTBInvesco Ustb · Ethereum | 3.48%30d: 3.56% | $522.1 M |
| BUSD0Usual Usd0 · Ethereum | 5.04%30d: 5.60%, rewards 5.04% | $500.7 M |
Not investment advice. We have not audited these protocols and are not paid by them.
Source: DefiLlama · updated
Quick answers
What is DeFi?
Decentralized finance: loans, coin swaps and yield through smart contracts on a blockchain, with no bank or exchange in the middle. You hold the keys to your money, and you also own your mistakes.
What does TVL show?
Total value locked: how many dollars sit in DeFi smart contracts. It is the main gauge of the market's size, but it also tracks coin prices: when ether falls, TVL falls even if nobody withdrew anything.
Why watch stablecoins?
Stablecoins are the dollars inside crypto. When their supply grows, the market has money to buy with; when it shrinks, money is leaving. A price well below $1 means the coin has lost its peg.
Where is the data from?
From the open API of DefiLlama, the largest independent DeFi data aggregator. We refresh it every hour.
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