What is yield farming? A beginner’s guide to passive income in DeFiRead on the DeFi Pulse Blog

Total Value Locked (USD)

$89.76B

Aave Dominance

15.37%

DeFi Pulse Index

403.36
+2.77
(+0.69%)

Available fromTokenSets

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart
Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Aave
Multichain
Lending
$15.42B
-10.08%
🥈
2.
Maker
Ethereum
Lending
$13.18B
5.68%
🥉
3.
InstaDApp
Ethereum
Lending
$12.68B
-0.93%
4.
Curve Finance
Multichain
DEXes
$12.61B
-0.55%
5.
Compound
Ethereum
Lending
$10.86B
-3.88%
6.
Uniswap
Ethereum
DEXes
$6.62B
-4.31%
7.
Convex Finance
Ethereum
Assets
$6.51B
3.43%
8.
SushiSwap
Ethereum
DEXes
$4.59B
10.68%
9.
yearn.finance
Ethereum
Assets
$4.56B
1.09%
10.
Liquity
Ethereum
Lending
$2.31B
-0.06%
11.
Balancer
Ethereum
DEXes
$2.03B
0.10%
12.
Synthetix
Ethereum
Derivatives
$1.88B
10.05%
13.
Bancor
Ethereum
DEXes
$1.59B
-1.80%
14.
Flexa
Ethereum
Payments
$1.29B
2.66%
15.
Alpha Homora
Ethereum
Lending
$1.07B
-4.48%
16.
TrueFi
Ethereum
Lending
$1.02B
-0.18%
17.
C.R.E.A.M. Finance
Ethereum
Lending
$804.8M
5.76%
18.
DeFi Saver
Ethereum
Lending
$803.6M
2.07%
19.
RenVM
Ethereum
Assets
$744.9M
0.74%
20.
Badger DAO
Ethereum
Assets
$606.2M
0.66%
21.
Nexus Mutual
Ethereum
Derivatives
$570.6M
-0.80%
22.
Tornado Cash
Ethereum
Payments
$535.0M
-2.72%
23.
dYdX
Ethereum
Derivatives
$503.0M
4.05%
24.
Sablier
Ethereum
Payments
$486.2M
2.63%
25.
Fei Protocol
Ethereum
Assets
$458.2M
-1.86%
26.
Harvest Finance
Ethereum
Assets
$403.0M
-2.07%
27.
Vesper
Ethereum
Assets
$381.8M
0.65%
28.
Kyber
Ethereum
DEXes
$376.9M
0.98%
29.
Alchemix
Ethereum
Lending
$365.0M
0.62%
30.
Set Protocol
Ethereum
Assets
$309.3M
-2.43%
31.
Rari Capital
Ethereum
Assets
$306.3M
11.79%
32.
Index Coop
Ethereum
Assets
$260.0M
-1.10%
33.
Saddle
Ethereum
DEXes
$218.6M
7.69%
34.
Idle Finance
Ethereum
Lending
$190.9M
-2.45%
35.
Reflexer
Ethereum
Lending
$176.5M
-0.04%
36.
xDai
Ethereum
Payments
$168.4M
-2.41%
37.
KEEP Network
Ethereum
Assets
$161.7M
0.48%
38.
Pickle Finance
Ethereum
Assets
$133.0M
0.48%
39.
Lightning Network
Bitcoin
Payments
$127.9M
6.26%
40.
Loopring
Ethereum
DEXes
$125.7M
-10.21%
41.
BoringDAO
Ethereum
Assets
$118.2M
17.00%
42.
Dfyn Network
Polygon
DEXes
$111.0M
-2.22%
43.
Opyn
Ethereum
Derivatives
$103.2M
0.70%
44.
Ribbon Finance
Ethereum
Derivatives
$101.2M
0.50%
45.
UMA
Ethereum
Derivatives
$92.2M
-1.27%
46.
Metronome
Ethereum
Assets
$86.4M
0.57%
47.
O3 Swap
Ethereum
Assets
$85.0M
-32.80%
48.
Enzyme Finance
Ethereum
Assets
$77.7M
-1.98%
49.
B.Protocol
Ethereum
Lending
$75.2M
58.30%
50.
DODO
Ethereum
DEXes
$72.4M
-1.85%
51.
Element Finance
Ethereum
Lending
$70.7M
121.40%
52.
BarnBridge
Ethereum
Derivatives
$70.0M
-0.73%
53.
DerivaDEX
Ethereum
Derivatives
$63.9M
0.28%
54.
DeFi Swap
Ethereum
DEXes
$61.5M
0.32%
55.
DefiDollar
Ethereum
Assets
$59.2M
0.94%
56.
Olympus
Ethereum
Assets
$52.9M
2.81%
57.
mStable
Ethereum
Assets
$51.7M
-1.40%
58.
DeversiFi
Ethereum
DEXes
$44.4M
14.00%
59.
1inch Liquidity Protocol
Ethereum
DEXes
$38.1M
0.52%
60.
dForce
Ethereum
Lending
$33.7M
-0.34%
61.
Gnosis
Ethereum
DEXes
$32.3M
-1.57%
62.
xToken
Ethereum
Assets
$29.4M
-38.40%
63.
Bella Flex Saving
Ethereum
Assets
$29.1M
-0.17%
64.
Origin Dollar
Ethereum
Assets
$27.0M
7.86%
65.
Hegic
Ethereum
Derivatives
$25.1M
-8.24%
66.
Swerve Finance
Ethereum
DEXes
$23.7M
0.00%
67.
88mph
Ethereum
Lending
$23.0M
-0.47%
68.
dHEDGE
Ethereum
Assets
$21.3M
-2.88%
69.
WePiggy
Ethereum
Lending
$20.0M
-0.79%
70.
BiFi
Ethereum
Lending
$19.7M
37.17%
71.
IDEX
Ethereum
DEXes
$17.5M
-3.66%
72.
DFX Finance
Multichain
DEXes
$16.0M
-
73.
bZx
Ethereum
Lending
$16.0M
-2.73%
74.
Inverse
Ethereum
Assets
$15.2M
-3.67%
75.
Erasure
Ethereum
Derivatives
$13.6M
-3.17%
76.
Notional
Ethereum
Lending
$13.3M
-0.30%
77.
Wing Finance
Ethereum
Lending
$13.3M
-2.20%
78.
InsurAce Protocol
Ethereum
Derivatives
$13.3M
-1.78%
79.
Visor Finance
Ethereum
Assets
$11.8M
-9.05%
80.
CompliFi
Multichain
Derivatives
$11.8M
3.10%
81.
KeeperDAO
Ethereum
Lending
$10.6M
-0.07%
82.
Convergence
Ethereum
DEXes
$9.4M
-1.18%
83.
PerlinX
Ethereum
Derivatives
$9.3M
-5.45%
84.
Shell
Ethereum
DEXes
$8.9M
-1.49%
85.
DDEX
Ethereum
Lending
$7.8M
-2.87%
86.
DeFireX
Ethereum
Assets
$7.2M
-0.92%
87.
Mushrooms Finance
Ethereum
Assets
$7.1M
3.48%
88.
Cryptex
Ethereum
Derivatives
$7.0M
-3.71%
89.
PowerIndex
Ethereum
DEXes
$6.7M
-2.18%
90.
Tranche
Ethereum
Derivatives
$6.3M
-1.61%
91.
Nsure Network
Ethereum
Derivatives
$5.4M
-3.32%
92.
Impermax
Ethereum
Lending
$4.7M
0.30%
93.
Warp Finance
Ethereum
Lending
$4.5M
-0.76%
94.
cvault.finance
Ethereum
Assets
$4.3M
8.71%
95.
C.R.E.A.M. Swap
Ethereum
DEXes
$3.9M
0.18%
96.
Crypto Volatility Index
Ethereum
Derivatives
$2.8M
119.62%
97.
Augur
Ethereum
Derivatives
$2.7M
-0.11%
98.
Opium Network
Ethereum
Derivatives
$2.5M
-1.58%
99.
Lien
Ethereum
Derivatives
$2.5M
0.10%
100.
Auctus
Ethereum
Derivatives
$2.2M
-4.78%
101.
MCDEX
Ethereum
Derivatives
$2.2M
-0.79%
102.
Siren
Ethereum
Derivatives
$2.1M
-
103.
yAxis
Ethereum
Assets
$2.0M
0.00%
104.
PieDAO
Ethereum
Assets
$2.0M
-0.39%
105.
Futureswap
Ethereum
Derivatives
$1.1M
0.13%
106.
ForTube
Ethereum
Lending
$1.0M
-1.94%
107.
Snowswap
Ethereum
DEXes
$846.6K
0.15%
108.
Volmex Finance
Ethereum
Derivatives
$837.6K
-19.27%
109.
Cover Protocol
Ethereum
Derivatives
$836.2K
0.11%
110.
Varen
Ethereum
DEXes
$759.9K
-2.38%
111.
Value DeFi
Ethereum
Assets
$743.1K
-0.03%
112.
DeFiner
Ethereum
Lending
$705.4K
1.97%
113.
PEAKDEFI
Ethereum
Assets
$650.0K
-1.39%
114.
Ruler Protocol
Ethereum
Lending
$643.2K
-1.52%
115.
Primitive
Ethereum
Derivatives
$512.9K
1.48%
116.
DFI.money
Ethereum
Assets
$499.3K
-8.04%
117.
UniTrade
Ethereum
DEXes
$462.3K
3.71%
118.
Value Liquid
Ethereum
DEXes
$452.6K
-1.16%
119.
QIAN
Ethereum
Lending
$263.7K
6.29%
120.
DeFi Yield Protocol
Ethereum
Assets
$238.8K
8.46%
121.
RAY
Ethereum
Lending
$192.5K
-0.20%
122.
S Finance
Ethereum
DEXes
$184.8K
-27.56%
123.
Dextf
Ethereum
Assets
$136.9K
4.36%
124.
Premia
Ethereum
Derivatives
$14.2K
-4.83%
125.
Connext
Ethereum
Payments
$12.8K
-0.11%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi, DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD. You can view the open source project adapters that power our metrics here.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.