Best of · Avalanche · Updated Nov 8, 2026

The best Lending dApps on Avalanche in 2026

We track 25 Lending dApps that run on Avalanche and have reviewed 15 of them in full. Our top pick is Aave V3. Each one is scored on security, ease of use, fees and features.

1
Aave V3
Lending · Ethereum, Base, Arbitrum +18
Aave V3 lets you supply crypto to earn variable interest or borrow against collateral across multiple networks. It is non-custodial, but smart-contract, market and liquidation risks remain.
Read the Aave V3 review Visit Aave V3(opens in a new tab)
ScoreScore 7.6 out of 10
TVL $15.8B+3.4%
2
Aave V4
Lending · Ethereum, Arc, Avalanche +1
Aave V4 is an active, non-custodial lending protocol for supplying assets and borrowing against collateral. Its modular markets offer flexibility, but rates, network costs and smart-contract risks need checking before you deposit.
Read the Aave V4 review Visit Aave V4(opens in a new tab)
ScoreScore 7.1 out of 10
TVL $810M+19.1%
3
Euler V2
Lending · Monad, Ethereum, Base +13
Euler V2 is a modular crypto lending platform where you can supply assets, borrow against collateral or launch lending markets. Market terms and risks vary, so check the specific vault and its costs before depositing.
Read the Euler V2 review Visit Euler V2(opens in a new tab)
ScoreScore 7.1 out of 10
TVL $267M−0.9%
4
Morpho Blue
Lending · Ethereum, Base, Robinhood Chain +41
Morpho Blue lets you lend and borrow through onchain markets, or deposit into curated vaults. It is non-custodial, but smart-contract, oracle and liquidation risks can put your funds at risk.
Read the Morpho Blue review Visit Morpho Blue(opens in a new tab)
ScoreScore 7.0 out of 10
TVL $10.9B−0.4%
5
Aave V2
Lending · Ethereum, Polygon, Avalanche
Aave V2 is a non-custodial lending protocol for supplying crypto and borrowing against collateral. Check that the specific V2 market and assets you want are still supported before connecting a wallet.
Read the Aave V2 review Visit Aave V2(opens in a new tab)
ScoreScore 6.4 out of 10
TVL $98.4M−3.1%
6
40 Acres
Lending · Avalanche, Base, Optimism
40 Acres lets you borrow USDC against rewards from supported vote-escrowed NFTs, with those rewards repaying the loan. The no-liquidation design may suit long-term holders, but reward income, contract risk and the reward-share fee still matter.
Read the 40 Acres review Visit 40 Acres(opens in a new tab)
ScoreScore 6.3 out of 10
TVL $2.43M+2.1%
7
TermFinance Vaults
Lending · Avalanche, Ethereum, Plasma +3
Term Finance matches crypto borrowers and lenders through on-chain auctions to set fixed rates. Its model is clear, but check the fee schedule, contract audits and current token details before committing funds.
Read the TermFinance Vaults review Visit TermFinance Vaults(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $1.68M+0.3%
8
Benqi
Lending · Avalanche
BENQI lets you stake AVAX for sAVAX and lend or borrow crypto on Avalanche. Check current rates, collateral and smart-contract risks before putting funds in.
Read the Benqi review Visit Benqi(opens in a new tab)
ScoreScore 6.2 out of 10
TVL —
9
TermFinance Lend
Lending · Ethereum, Arbitrum, Plasma +2
Term Finance lets you lend or borrow against crypto at a fixed rate set through auctions. Before using it, check the current auction terms, collateral rules and costs: several important risk and fee details aren’t published.
Read the TermFinance Lend review Visit TermFinance Lend(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $3.36M−4.5%
10
Impermax V2
Lending · Polygon, Ethereum, Base +12
Impermax V2 lets you use liquidity-provider (LP) tokens to borrow and pursue leveraged yield farming. The strategy can magnify losses as well as returns, and fees and liquidation rules need checking before you commit funds.
Read the Impermax V2 review Visit Impermax V2(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $514K−1.8%
11
Secured Finance Lending
Lending · Ethereum, Filecoin, Arbitrum +2
Secured Finance offers on-chain fixed-rate lending and borrowing through orderbook markets, with support listed across five networks. Its fees, access requirements and the scope of its audits need checking before you commit funds.
Read the Secured Finance Lending review Visit Secured Finance Lending(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $243K−1.0%
12
Folks Finance xChain
Lending · Avalanche, Polygon, Monad +5
Folks Finance xChain lets you lend, borrow and swap across multiple networks, but fees and rates aren’t published here. The app is scheduled to shut down on March 31, 2027, so plan to withdraw before then.
Read the Folks Finance xChain review Visit Folks Finance xChain(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $3.44M−7.2%
13
Silo V2
Lending · Sonic, Avalanche, Arbitrum +1
Silo V2 offers permissionless, risk-isolated lending markets on four chains. You can assess its basic purpose, but published details on fees, market parameters and security are sparse.
Read the Silo V2 review Visit Silo V2(opens in a new tab)
ScoreScore 4.5 out of 10
TVL $3.91M−24.8%
14
Prime Protocol
Lending · Celo, Arbitrum, Base +6
Prime Protocol is a cross-chain lending app that lets you deposit collateral on one supported network and borrow on another. Check current rates, supported assets and contract details before using it; Prime does not publish enough detail to assess those risks fully.
Read the Prime Protocol review Visit Prime Protocol(opens in a new tab)
ScoreScore 4.5 out of 10
TVL $249−0.7%
15
Granary Finance
Lending · Optimism, Metis, Arbitrum +5
Granary Finance is a decentralized lending protocol across several EVM chains. Its core purpose is clear, but limited published details on fees, audits and operation make it hard to assess before you deposit.
Read the Granary Finance review
ScoreScore 3.5 out of 10
TVL $154K−1.6%
16
Silo V3
Lending · Injective, Avalanche, XDC +4
Silo V3 is a lending protocol for permissionless, risk-isolated markets. The basic purpose and supported chains are clear, but costs and key safety details need checking before you supply assets.
Read the Silo V3 review Visit Silo V3(opens in a new tab)
ScoreNot rated yet
TVL $4.45M+9.5%
17
OmniBTC
Lending · Sui, Arbitrum, Base +5
OmniBTC is an omnichain DeFi platform for cross-chain swaps and BTC lending. Details on fees, custody and how to use its lending products are too limited for a full review.
Read the OmniBTC review Visit OmniBTC(opens in a new tab)
ScoreNot rated yet
TVL $1.86M−2.7%
18
dForce Lending
Lending · Ethereum, BNB Chain, Optimism +5
dForce Lending is a crypto lending protocol across eight listed networks, but details on rates, supported assets and safeguards are too limited for a full review.
Read the dForce Lending review Visit dForce Lending(opens in a new tab)
ScoreNot rated yet
TVL $1.07M+4.6%
19
Tarot
Lending · Base, Optimism, Fantom +10
Tarot is a decentralized lending and leveraged-yield protocol. Its LP-token vaults are described, but key details about fees, risks and getting started are missing.
Read the Tarot review Visit Tarot(opens in a new tab)
ScoreNot rated yet
TVL $470K−7.6%
20
Beta Finance V1
Lending · Ethereum, Avalanche
Beta Finance V1 is a DeFi lending market for lending, borrowing and shorting crypto assets on Ethereum and Avalanche. Its current costs, operating status and safety details are not clear enough for a full review.
Read the Beta Finance V1 review
ScoreNot rated yet
TVL $451K−0.4%
21
88mph
Lending · Ethereum, Fantom, Avalanche +1
88mph is described as a crypto lending app offering fixed-rate interest. Key details about fees, deposits, withdrawals and how to use it are not established, so check the current app and terms before putting funds at risk.
Read the 88mph review
ScoreNot rated yet
TVL $403K−0.2%
22
Iron Bank
Lending · Ethereum, Optimism, Fantom +1
Iron Bank is described as protocol-to-protocol lending that lets whitelisted protocols borrow without collateral. Its listed official site presents Yearn Vaults instead, so there is not enough detail to assess Iron Bank’s costs, safety or how to use it.
Read the Iron Bank review Visit Iron Bank(opens in a new tab)
ScoreNot rated yet
TVL $169K−5.0%
23
Vee Finance
Lending · Avalanche, HECO
Vee Finance is a lending project on Avalanche and Heco. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
Read the Vee Finance review
ScoreNot rated yet
TVL $13.2K−0.3%
24
Atlantis Loans
Lending · Avalanche, Dogechain, BNB Chain +1
Atlantis Loans is a lending project on Avalanche, Dogechain, Bnb Chain and Polygon. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
Read the Atlantis Loans review
ScoreNot rated yet
TVL —
25
Augmented Finance
Lending · Avalanche, Ethereum, BNB Chain +1
Augmented Finance is a lending project on Avalanche, Ethereum, Bnb Chain and xDai. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
Read the Augmented Finance review
ScoreNot rated yet
TVL —

Lending dApps on Avalanche: the numbers

Tracked: 25
Reviewed: 25
Total TVL: $27.9B
Avg. score: 5.8/10

SkyBitcoins tracks 25 lending dApps on Avalanche. Every one of them has a full review. Across the 22 with TVL data, the combined value locked is $27.9B, counting value on every chain they support. Aave V3 dominates, with 57% of that total. The five largest make up 100% of the total; the median is $1.68M.

By value locked, the largest lending dApps on Avalanche are Aave V3 ($15.8B), Morpho Blue ($10.9B) and Aave V4 ($810M). The best-rated is Aave V3 with 7.6/10, followed by Aave V4 (7.1) and Euler V2 (7.1). That makes Aave V3 both the biggest and the best-rated. The 15 rated lending dApps average 5.8/10, and none scores 8 or above yet.

Beyond Avalanche, these lending dApps most often also run on Ethereum (21), Arbitrum (15) and Base (13). All 18 with a confirmed status are active. Over the last seven days, combined TVL rose 2.2%. Aave V4 gained the most (+19.1%), while Silo V2 dropped the most (−24.8%).

Largest by TVL

1Aave V3$15.8B
2Morpho Blue$10.9B
3Aave V4$810M
4Euler V2$267M
5Aave V2$98.4M

Highest rated

Method

How we ranked them

Reviewed dApps come first. Each SkyBitcoins review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

Guides

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Frequently asked questions

What is the largest lending dApp on Avalanche by TVL?

Aave V3 is the largest lending dApp on Avalanche by total value locked, with $15.8B across all the chains it supports. It is followed by Morpho Blue ($10.9B) and Aave V4 ($810M). TVL figures come from DefiLlama and change daily.

Which lending dApp on Avalanche has the highest SkyBitcoins score?

Aave V3 has the highest score at 7.6/10, ahead of Aave V4 (7.1) and Euler V2 (7.1). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many lending dApps on Avalanche has SkyBitcoins reviewed?

SkyBitcoins tracks 25 lending dApps on Avalanche. Of these, 25 have a full review and 22 report value locked, $27.9B in total, counting value on every chain they support.

Which lending dApps on Avalanche grew the most this week?

Among lending dApps with at least $1M locked, Aave V4 had the biggest 7-day TVL gain (+19.1%) and Silo V2 the biggest drop (−24.8%). Combined TVL moved +2.2% over the same seven days.

What is the average score for lending dApps on Avalanche?

The 15 rated lending dApps on Avalanche average 5.8 out of 10. Of these, 0 score 8 or higher and 3 score below 5.

Ranked list