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Category rollup

Capital rotation by category — TVL and a TVL-weighted 7-day change, so a handful of large protocols cannot be outvoted by a small one that moved a lot.

DeFi protocol categories by TVL
CategoryProtocolsTVL7d change (TVL-wtd)
CEX68$300.2B−0.93 %
Liquid Staking123$52.9B+2.77 %
Bridge78$51.8B+857.14 %
Lending142$51.0B+2.96 %
RWA88$27.8B+1938.48 %
Staking Pool14$14.8B+3.76 %
Dexs264$13.2B+4.21 %
Restaking8$10.1B+1.12 %
Canonical Bridge49$10.0B+3.17 %
Risk Curators56$9.68B+1.57 %
Onchain Capital Allocator36$9.55B+1.83 %
CDP43$7.80B+1.38 %

Protocol leaderboard

DeFi protocols ranked by TVL
#ProtocolCategoryChainsTVL24h7d
1Binance CEXCEXEthereum, Bitcoin, Binance, Solana +28$167.2B+0.47 %−0.87 %
2OKXCEXEthereum, Bitcoin, X Layer, Solana +16$30.2B+1.02 %−0.44 %
3LidoLiquid StakingEthereum, Solana, Terra, Moonriver +1$24.6B+1.51 %+3.35 %
4BitfinexCEXBitcoin, Ethereum, Solana, Tron +16$19.0B−1.55 %−0.43 %
5Aave V3LendingEthereum, Base, Arbitrum, Plasma +17$17.6B+0.59 %+1.14 %
6RobinhoodCEXBitcoin, Ethereum, Polygon, Avalanche$14.3B+1.18 %−1.63 %
7BybitCEXEthereum, Bitcoin, Solana, Binance +33$14.0B+0.77 %−3.51 %
8SSV NetworkStaking PoolEthereum$13.3B+1.55 %+4.06 %
9Morpho BlueLendingEthereum, Base, Robinhood Chain, Hyperliquid L1 +40$9.73B+1.71 %−0.15 %
10Binance staked ETHLiquid StakingEthereum, Binance$9.46B+1.50 %+3.35 %
11WBTCBridgeBitcoin$9.01B+0.51 %−2.97 %
12Coinbase BridgeBridgeBitcoin, Ripple, Cardano, Doge +1$7.90B−0.40 %−1.04 %
13LayerZero V2BridgeEthereum, ApeChain, Arbitrum, Base +87$7.17B−0.49 %−0.22 %
14GateCEXEthereum, Bitcoin, Binance, Solana +151$6.97B+0.70 %−0.06 %
15EigenCloudRestakingEthereum$6.67B+1.50 %+3.21 %
16Hyperliquid BridgeBridgeHyperliquid L1, Arbitrum$6.59B+0.05 %−0.43 %
17BitgetCEXBitcoin, Ethereum, Solana, Binance +20$5.59B−4.32 %−2.74 %
18Sky LendingCDPEthereum$5.48B+1.88 %−0.68 %
19MEXCCEXEthereum, Bitcoin, Solana, Binance +11$5.28B−0.23 %−0.63 %
20Binance BitcoinBridgeBitcoin$5.27B−0.51 %−2.97 %
21DeribitCEXBitcoin, Ethereum, Solana, Ripple +2$5.22B+0.12 %+2.45 %
22GeminiCEXBitcoin, Ethereum$5.18B−0.26 %−2.27 %
23SparkLendLendingEthereum, xDai$4.86B+1.41 %+8.48 %
24ether.fi StakeLiquid StakingEthereum, Base, Optimism, Arbitrum +1$4.70B+1.84 %+4.52 %
25Ethena USDeBasis TradingEthereum$4.60B+0.03 %+5.85 %

Yield table

apyBase is fee revenue the pool actually earned; apyReward is token emissions. A high headline APY that is almost entirely reward is a different proposition from one earned in fees — that split, and DefiLlama’s own caveats, are shown for every row. Outlier pools are never removed; they stay visible with the reason flagged.

DeFi yield pools with the apyBase/apyReward split and caveats
PoolCategoryTVLAPYBaseRewardReward shareCaveats
STETHLido · EthereumLiquid Staking$24.6B2.32 %2.32 %
WBETHBinance staked ETH · EthereumLiquid Staking$8.92B2.25 %2.25 %
WEETHether.fi Stake · EthereumLiquid Staking$5.45B2.39 %2.39 %0.00 %0.06 %
SUSDSSky Lending · EthereumCDP$4.61B3.60 %3.60 %
WEETHAave V3 · EthereumLending$3.68B0.00 %0.00 %
WSTETHSparkLend · EthereumLending$3.20B0.00 %0.00 %
CBBTCMorpho Blue · BaseLending$2.90B0.00 %0.00 %
WSTETHAave V3 · EthereumLending$2.88B0.00 %0.00 %
USDCMaple · EthereumLending$2.64B4.97 %4.97 %0.00 %0.00 %
WBTCAave V3 · EthereumLending$2.58B0.00 %0.00 %
USYCCircle USYC · BSCRWA$2.56B3.09 %3.09 %
CBBTCAave V3 · EthereumLending$1.40B0.00 %0.00 %
RETHRocket Pool · EthereumLiquid Staking$1.33B2.17 %2.17 %
SUSDEEthena USDe · EthereumBasis Trading$1.31B4.88 %4.88 %
ETHJustLend V1 · TronLending$1.22B0.00 %0.00 %0.00 %0.00 %
USDYOndo Yield Assets · EthereumRWA$1.19B3.57 %3.57 %
RSETHKelp · EthereumLiquid Restaking$1.12B2.31 %2.31 %
BNSOLBinance Staked SOL · SolanaLiquid Staking$1.06B4.63 %4.63 %
JITOSOLJito Liquid Staking · SolanaLiquid Staking$1.05B4.92 %4.92 %
KHYPEKinetiq kHYPE · Hyperliquid L1Liquid Staking$1.03B2.01 %2.01 %
BUIDLBlackRock BUIDL · SolanaRWA$992.6M3.54 %3.54 %
BUIDLBlackRock BUIDL · AptosRWA$967.2M3.23 %3.23 %
USDTMaple · EthereumLending$872.6M4.65 %4.65 %0.00 %0.00 %
LSETHLiquid Collective · EthereumLiquid Staking$813.5M2.33 %2.33 %
STRXJustLend V1 · TronLending$804.7M0.00 %0.00 %0.00 %0.00 %
WETHSky Lending · EthereumCDP$780.6M0.00 %
CTDELTAWEETHConcrete · EthereumOnchain Capital Allocator$779.5M0.00 %0.00 %
SLISBNBLista Liquid Staking · BSCLiquid Staking$768.7M1.01 %1.01 %
WETHAave V3 · EthereumLending$754.9M1.45 %1.45 %
USDSCentrifuge Protocol · EthereumRWA$724.9M2.88 %2.88 %
TRXJustLend V1 · TronLending$698.2M0.32 %0.32 %0.00 %0.00 %
CBBTCMorpho Blue · EthereumLending$685.7M0.00 %0.00 %
WETHSky Lending · EthereumCDP$682.6M0.00 %
LBTCLombard LBTC · EthereumRestaked BTC$681.7M0.25 %0.25 %
BUIDLBlackRock BUIDL · EthereumRWA$624.2M3.57 %3.57 %
METHmETH Protocol · EthereumLiquid Staking$612.2M1.50 %1.50 %
SKYSky Lending · EthereumCDP$598.7M4.19 %4.19 %
USTBInvesco USTB · EthereumRWA$587.9M3.43 %3.43 %
USDSSparkLend · EthereumLending$577.8M3.83 %3.83 %
BUIDLBlackRock BUIDL · AvalancheRWA$564.6M3.54 %3.54 %
WBETHBinance staked ETH · BSCLiquid Staking$535.9M2.25 %2.25 %
USDYOndo Yield Assets · StellarRWA$535.7M3.57 %3.57 %
JUPSOLJupiter Staked SOL · SolanaLiquid Staking$527.3M5.52 %5.52 %
USDEAave V3 · EthereumLending$525.6M4.75 %0.79 %3.96 %83.35 %
BUSD0Usual USD0 · EthereumRWA$508.1M3.76 %3.76 %
BTCJustLend V1 · TronLending$504.1M0.00 %0.00 %0.00 %0.00 %
CBETHCoinbase Wrapped Staked ETH · EthereumLiquid Staking$483.7M2.65 %2.65 %
USDCJupiter Lend · SolanaLending$481.7M3.84 %3.47 %0.37 %9.65 %
SUSDAIUSD AI · ArbitrumRWA$467.8M7.00 %7.00 %
STEAKUSDGMorpho Blue · Robinhood ChainLending$457.8M6.96 %3.72 %3.24 %46.54 %

RWA-paired pools

A naive version of this view — match any pool whose symbol contains an RWA token — is wrong, because RWA protocols also hold ordinary stables like USDC; this instead finds the tokens that single-sided RWA deposits actually identify and shows only pools genuinely paired against one of those.

Pools paired against an RWA-issued token
PoolCategoryTVLAPYBaseRewardReward shareCaveats
PT-REUSD-10DEC2026Morpho Blue · EthereumLending$103.9M0.00 %0.00 %
  • Exposed to impermanent loss
CTWLFICX-PRIMEConcrete · EthereumOnchain Capital Allocator$103.4M0.00 %0.00 %
  • Exposed to impermanent loss
THUSD-THBILL-STABLEConcrete · StableOnchain Capital Allocator$66.4M0.00 %0.00 %
  • Exposed to impermanent loss
SUSDAI-USDCFluid DEX · EthereumDexs$26.4M0.00 %0.00 %
SUSDAI-USDTFluid DEX · EthereumDexs$26.4M0.13 %0.13 %
REUSD-USDTFluid DEX · EthereumDexs$25.0M0.66 %0.66 %
KPK-USDC-PRIMEMorpho Blue · EthereumLending$20.6M4.41 %4.41 %0.00 %0.00 %
  • Exposed to impermanent loss
SUSDAI-USDCFluid DEX · ArbitrumDexs$17.9M0.01 %0.01 %
SUSDAI-USD₮0Fluid DEX · ArbitrumDexs$17.7M0.01 %0.01 %
  • Exposed to impermanent loss
APYUSD-APXUSDCurve DEX · EthereumDexs$16.4M6.77 %6.77 %0.00 %0.00 %
REUSD-SCRVUSDCurve DEX · EthereumDexs$13.3M8.44 %0.73 %7.71 %91.35 %
  • Almost entirely token emissions, not fee revenue
USAT-USDTCurve DEX · EthereumDexs$10.0M0.00 %0.00 %0.00 %
PYUSD-PRIMEOrca DEX · SolanaDexs$9.62M7.91 %7.91 %0.00 %0.00 %
  • Exposed to impermanent loss
PRIME-USDCUniswap V3 · EthereumDexs$9.00M0.19 %0.19 %
  • Exposed to impermanent loss
PT-REUSD-10DEC2026Morpho Blue · EthereumLending$8.21M0.00 %0.00 %
  • Exposed to impermanent loss
REUSD-SCRVUSDConvex Finance · EthereumYield$7.61M14.22 %0.73 %13.49 %94.87 %
  • Almost entirely token emissions, not fee revenue
APYUSD-APXUSDOrca DEX · SolanaDexs$7.25M0.00 %0.00 %
ONYC-USDCOrca DEX · SolanaDexs$6.95M1.48 %1.48 %0.00 %0.00 %
  • Exposed to impermanent loss
REUSD-SCRVUSDStake DAO Yield · EthereumYield$6.23M15.04 %0.58 %14.46 %96.14 %
  • Almost entirely token emissions, not fee revenue
REUSD-SDOLACurve DEX · EthereumDexs$4.85M10.05 %1.77 %8.28 %82.40 %

Sources: defillama

Not financial advice. Facts and mechanisms only — never a recommendation, a price prediction, or anything aimed at you personally.

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