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DeFi

Live· 3 min ago

protocols · categories · yields

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−1.10 %
Liquid Staking123$53.0B+2.73 %
Bridge78$51.9B+859.59 %
Lending142$51.1B+2.89 %
RWA88$27.8B+1938.14 %
Staking Pool14$14.8B+3.67 %
Dexs264$13.2B+4.13 %
Restaking8$10.1B+1.11 %
Canonical Bridge49$10.1B+3.49 %
Risk Curators56$9.69B+1.63 %
Onchain Capital Allocator36$9.56B+1.86 %
CDP43$7.81B−0.38 %

Protocol leaderboard

DeFi protocols ranked by TVL
#ProtocolCategoryChainsTVL24h7d
1Binance CEXCEXEthereum, Bitcoin, Binance, Solana +28$167.4B+0.58 %−1.25 %
2OKXCEXEthereum, Bitcoin, X Layer, Solana +16$30.2B−0.63 %+0.29 %
3LidoLiquid StakingEthereum, Solana, Terra, Moonriver +1$24.6B−2.21 %+3.35 %
4BitfinexCEXBitcoin, Ethereum, Solana, Tron +16$19.1B−1.21 %−0.13 %
5Aave V3LendingEthereum, Base, Arbitrum, Plasma +17$17.6B−1.62 %+0.96 %
6RobinhoodCEXBitcoin, Ethereum, Polygon, Avalanche$14.3B−1.76 %−1.59 %
7BybitCEXEthereum, Bitcoin, Solana, Binance +33$14.1B−10.75 %−3.77 %
8SSV NetworkStaking PoolEthereum$13.3B+1.56 %+4.00 %
9Morpho BlueLendingEthereum, Base, Robinhood Chain, Hyperliquid L1 +40$9.74B−0.40 %−0.05 %
10Binance staked ETHLiquid StakingEthereum, Binance$9.46B−2.24 %+3.36 %
11WBTCBridgeBitcoin$9.02B−1.64 %−2.89 %
12Coinbase BridgeBridgeBitcoin, Ripple, Cardano, Doge +1$7.91B−1.65 %−0.84 %
13LayerZero V2BridgeEthereum, ApeChain, Arbitrum, Base +87$7.17B−0.29 %−0.20 %
14GateCEXEthereum, Bitcoin, Binance, Solana +151$6.96B−0.41 %−0.19 %
15EigenCloudRestakingEthereum$6.67B−2.27 %+3.13 %
16Hyperliquid BridgeBridgeHyperliquid L1, Arbitrum$6.59B−1.11 %−0.58 %
17BitgetCEXBitcoin, Ethereum, Solana, Binance +20$5.85B+0.22 %−2.46 %
18Sky LendingCDPEthereum$5.48B+0.67 %−0.53 %
19MEXCCEXEthereum, Bitcoin, Solana, Binance +11$5.29B−0.82 %−0.54 %
20Binance BitcoinBridgeBitcoin$5.28B−1.64 %−2.89 %
21DeribitCEXBitcoin, Ethereum, Solana, Ripple +2$5.23B−1.15 %+2.52 %
22GeminiCEXBitcoin, Ethereum$5.19B−1.73 %−2.22 %
23SparkLendLendingEthereum, xDai$4.87B−1.71 %+8.52 %
24ether.fi StakeLiquid StakingEthereum, Scroll, Base, Optimism +1$4.70B+1.84 %+4.24 %
25BitstampCEXBitcoin, Ethereum, Ripple, Solana +6$4.61B+1.01 %−1.46 %

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
WBTC.B-USDCGMX V2 Perps · ArbitrumDerivatives$60.1M2.57 %2.57 %
  • Exposed to impermanent loss
ETH-USDCGMX V2 Perps · ArbitrumDerivatives$54.6M5.31 %5.31 %
  • Exposed to impermanent loss
ETH-ETHGMX V2 Perps · ArbitrumDerivatives$19.1M1.12 %1.12 %
USDCAvantis · BaseDerivatives$10.5M18.99 %18.99 %
  • APY has been highly unstable
WBTC.B-WBTC.BGMX V2 Perps · ArbitrumDerivatives$10.1M1.94 %1.94 %
USDCGains Network · ArbitrumDerivatives$4.71M26.99 %26.99 %
SOL-USDCGMX V2 Perps · ArbitrumDerivatives$4.13M7.55 %7.55 %
  • Exposed to impermanent loss
LINK-USDCGMX V2 Perps · ArbitrumDerivatives$3.31M4.09 %4.09 %
  • Exposed to impermanent loss
AVAX-USDCGMX V2 Perps · AvalancheDerivatives$3.30M12.77 %12.77 %
  • Exposed to impermanent loss
USDTStorm Trade · TONDerivatives$2.86M5.32 %5.32 %
XAU-USDCGMTrade · SolanaDerivatives$2.28M224.69 %224.69 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
WBTC.B-USDCGMX V2 Perps · ArbitrumDerivatives$2.18M11.80 %11.80 %
  • Exposed to impermanent loss
USDCAD-USDCGMTrade · SolanaDerivatives$2.10M36.31 %36.31 %
  • DefiLlama flags this APY as an outlier
WBTC.B-USDCGMX V2 Perps · ArbitrumDerivatives$1.93M9.90 %9.90 %
  • Exposed to impermanent loss
USDCHF-USDCGMTrade · SolanaDerivatives$1.88M95.49 %95.49 %
  • DefiLlama flags this APY as an outlier
  • APY has been highly unstable
ETH-USDCGMX V2 Perps · ArbitrumDerivatives$1.71M9.94 %9.94 %
  • Exposed to impermanent loss
WTI-USDCGMTrade · SolanaDerivatives$1.58M151.22 %151.22 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
SOL-USDCGMTrade · SolanaDerivatives$1.57M318.97 %318.97 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
GRAMStorm Trade · TONDerivatives$1.54M6.28 %6.28 %
GNSGains Network · ArbitrumDerivatives$1.47M0.00 %0.00 %
XAG-USDCGMTrade · SolanaDerivatives$1.42M215.49 %215.49 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
ETH-USDCGMX V2 Perps · ArbitrumDerivatives$1.38M2.81 %2.81 %
  • Exposed to impermanent loss
ETH-USDCGMX V2 Perps · AvalancheDerivatives$1.37M0.35 %0.35 %
  • Exposed to impermanent loss
AUD-USDCGMTrade · SolanaDerivatives$1.35M54.69 %54.69 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
EUR-USDCGMTrade · SolanaDerivatives$1.35M44.91 %44.91 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
USDJPY-USDCGMTrade · SolanaDerivatives$1.28M84.25 %84.25 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
USDMXN-USDCGMTrade · SolanaDerivatives$1.25M42.26 %42.26 %
  • DefiLlama flags this APY as an outlier
GBP-USDCGMTrade · SolanaDerivatives$1.21M37.31 %37.31 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
WSOL-USDCGMTrade · SolanaDerivatives$1.16M98.92 %98.92 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
BTC-USDCGMX V2 Perps · AvalancheDerivatives$1.12M3.01 %3.01 %
  • Exposed to impermanent loss
BTC-USDCGMTrade · SolanaDerivatives$1.10M260.85 %260.85 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
NZD-USDCGMTrade · SolanaDerivatives$1.08M100.57 %100.57 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
WSOL-USDCGMTrade · SolanaDerivatives$1.08M87.76 %87.76 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
WSOL-USDCGMTrade · SolanaDerivatives$1.04M97.01 %97.01 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
ETH-USDCGMTrade · SolanaDerivatives$964.84K279.45 %279.45 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
UNI-USDCGMX V2 Perps · ArbitrumDerivatives$870.66K6.10 %6.10 %
  • Exposed to impermanent loss
ARB-USDCGMX V2 Perps · ArbitrumDerivatives$766.12K18.43 %18.43 %
  • Exposed to impermanent loss
GNSGains Network · BaseDerivatives$650.22K0.00 %0.00 %
USDCGains Network · BaseDerivatives$626.25K11.83 %11.83 %
WETHGains Network · ArbitrumDerivatives$558.10K1.30 %1.30 %
NVDA-USDCGMTrade · SolanaDerivatives$552.10K27.11 %27.11 %
  • Exposed to impermanent loss
ETH-USDCGMX V2 Perps · ArbitrumDerivatives$548.07K29.62 %29.62 %
  • Exposed to impermanent loss
BTC-BTCGMX V2 Perps · AvalancheDerivatives$528.60K2.33 %2.33 %
ETH-USDCGMX V2 Perps · ArbitrumDerivatives$513.75K21.46 %21.46 %
  • Exposed to impermanent loss
ETH-USDCGMX V2 Perps · ArbitrumDerivatives$460.79K53.71 %53.71 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
XCU-USDCGMTrade · SolanaDerivatives$385.15K130.35 %130.35 %
  • DefiLlama flags this APY as an outlier
  • Exposed to impermanent loss
  • APY has been highly unstable
WBTC.B-USDCGMX V2 Perps · ArbitrumDerivatives$356.51K17.38 %17.38 %
  • Exposed to impermanent loss
WBTC.B-USDCGMX V2 Perps · ArbitrumDerivatives$354.25K21.94 %21.94 %
  • Exposed to impermanent loss
ETH-USDCGMX V2 Perps · ArbitrumDerivatives$342.32K15.74 %15.74 %
  • Exposed to impermanent loss
AAVE-USDCGMX V2 Perps · ArbitrumDerivatives$337.78K4.58 %4.58 %
  • Exposed to impermanent loss

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
CTWLFICX-PRIMEConcrete · EthereumOnchain Capital Allocator$103.9M0.00 %0.00 %
  • Exposed to impermanent loss
PT-REUSD-10DEC2026Morpho Blue · EthereumLending$103.9M0.00 %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$20.7M4.40 %4.40 %0.00 %0.00 %
  • Exposed to impermanent loss
SUSDAI-USDCFluid DEX · ArbitrumDexs$17.9M0.01 %0.01 %
SUSDAI-USD₮0Fluid DEX · ArbitrumDexs$17.7M0.02 %0.02 %
  • Exposed to impermanent loss
APYUSD-APXUSDCurve DEX · EthereumDexs$16.5M6.77 %6.77 %0.00 %0.00 %
REUSD-SCRVUSDCurve DEX · EthereumDexs$13.3M8.47 %0.73 %7.74 %91.38 %
  • Almost entirely token emissions, not fee revenue
USAT-USDTCurve DEX · EthereumDexs$10.0M0.00 %0.00 %0.00 %
PYUSD-PRIMEOrca DEX · SolanaDexs$9.63M7.87 %7.87 %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$7.61M14.28 %0.73 %13.55 %94.89 %
  • Almost entirely token emissions, not fee revenue
APYUSD-APXUSDOrca DEX · SolanaDexs$7.28M0.00 %0.00 %
ONYC-USDCOrca DEX · SolanaDexs$6.95M1.53 %1.53 %0.00 %0.00 %
  • Exposed to impermanent loss
REUSD-SCRVUSDStake DAO Yield · EthereumYield$6.23M15.06 %0.58 %14.48 %96.15 %
  • Almost entirely token emissions, not fee revenue
REUSD-SDOLACurve DEX · EthereumDexs$4.85M10.09 %1.77 %8.32 %82.47 %

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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