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Decentralized Finance Publication · DFR

Rankings · refreshed at build

Top DeFi protocols by TVL (2026)

The largest DeFi protocols by total value locked (TVL) as of 28 July 2026 include Binance CEX, OKX, Lido, Bitfinex, Aave V3. TVL measures assets deposited in smart contracts — it is the primary gauge of DeFi protocol adoption but not a guarantee of safety or returns.

Data source: DeFiLlama · Last refreshed 28 July 2026

# Protocol TVL
1 Binance CEX $137.27B
2 OKX $21.49B
3 Lido $17.96B
4 Bitfinex $16.77B
5 Aave V3 $13.90B
6 Bybit $13.15B
7 Robinhood $11.60B
8 SSV Network $9.49B
9 Morpho Blue $7.60B
10 WBTC $7.28B
11 Binance staked ETH $7.13B
12 LayerZero V2 $6.69B
13 Coinbase Bridge $6.17B
14 Hyperliquid Bridge $5.99B
15 Sky Lending $5.74B
16 EigenCloud $5.15B
17 Bitget $5.01B
18 MEXC $4.70B
19 Gate $4.69B
20 Binance Bitcoin $4.35B
21 Gemini $4.27B
22 HTX $3.98B
23 Deribit $3.89B
24 Ethena USDe $3.86B
25 SparkLend $3.72B
26 BlackRock BUIDL $3.44B
27 USDT0 $3.41B
28 ether.fi Stake $3.34B
29 JustLend V1 $3.29B
30 Babylon Protocol $3.27B
31 Circle USYC $3.01B
32 Tether Gold $2.87B
33 Arbitrum Bridge $2.84B
34 Polygon Bridge $2.64B
35 Ondo Yield Assets $2.52B
36 Steakhouse Financial $2.48B
37 KuCoin $2.45B
38 Grove Finance $2.40B
39 Base Bridge $2.32B
40 Maple $2.30B
41 Spiko $2.20B
42 Sentora $2.15B
43 Crypto-com $2.08B
44 JustCryptos $2.05B
45 Paxos Gold $1.79B
46 Spark Liquidity Layer $1.69B
47 Figure Markets Exchange $1.69B
48 PancakeSwap AMM $1.66B
49 CCIP $1.63B
50 Centrifuge Protocol $1.63B
51 Portal $1.53B
52 Uniswap V3 $1.44B
53 Gauntlet $1.41B
54 USDD $1.39B
55 HashKey Exchange $1.36B
56 Curve DEX $1.29B
57 Veda $1.27B
58 Falcon Finance $1.26B
59 Poloniex $1.25B
60 Pendle $1.20B
61 Bitkub $1.15B
62 Spark Savings $1.14B
63 Compound V3 $1.13B
64 Sanctum Validator LSTs $1.08B
65 Kamino Lend $1.04B
66 Venus Core Pool $1.03B
67 Rocket Pool $1.01B
68 Blockchain Capital $957.3M
69 Bitstamp $953.6M
70 Ondo Global Markets $940.1M
71 Jupiter Lend $933.3M
72 Kelp $912.8M
73 Anemoy Capital $870.4M
74 Concrete $869.9M
75 Bitmex $861.2M
76 Uniswap V4 $832.2M
77 Raydium AMM $818.6M
78 SwissBorg $809.3M
79 Kinetiq kHYPE $798.8M
80 Uniswap V2 $788.7M
81 WisdomTree $776.2M
82 Binance Staked SOL $758.1M
83 Invesco USTB $740.0M
84 Jito Liquid Staking $739.5M
85 StakeWise V2 $725.4M
86 Jupiter Perpetual Exchange $709.6M
87 Fluid Lending $653.1M
88 Liquid Collective $613.1M
89 Lista Lending $607.6M
90 BingX $607.1M
91 OSL HK $589.0M
92 Tornado Cash $585.3M
93 Lombard LBTC $585.2M
94 Optimism Bridge $570.3M
95 Function FBTC $542.1M
96 Lista Liquid Staking $538.0M
97 Solstice $522.8M
98 Unit $516.8M
99 Lighter Bridge $514.7M
100 Obol $493.7M

TVL is a snapshot metric — it changes continuously as users deposit and withdraw. Use our protocol guides and live APY tools for deeper analysis.