Best of · Ethereum · Updated Nov 8, 2026

The best Lending dApps on Ethereum in 2026

We track 127 Lending dApps that run on Ethereum and have reviewed 70 of them in full. Our top pick is Aave. Each one is scored on security, ease of use, fees and features.

1
Aave
Lending · Ethereum
Aave is an established crypto lending protocol for supplying assets to earn variable interest or borrowing against collateral. The main trade-offs are changing rates, transaction costs and the risk of liquidation.
Read the Aave review
ScoreScore 7.7 out of 10
TVL —
2
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%
3
Compound V3
Lending · Ethereum, Arbitrum, Base +7
Compound V3 is an on-chain lending protocol for earning interest on supplied assets or borrowing against collateral. Check the exact market, rates and liquidation terms before supplying funds.
Read the Compound V3 review Visit Compound V3(opens in a new tab)
ScoreScore 7.2 out of 10
TVL $1.25B−3.3%
4
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%
5
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%
6
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%
7
SparkLend
Lending · Ethereum, xDai
SparkLend is an on-chain lending market for borrowing against digital assets, with rates set by governance rather than adjusted for utilization or loan size. Check the current rate, collateral rules and liquidation terms for your chosen market before depositing.
Read the SparkLend review Visit SparkLend(opens in a new tab)
ScoreScore 7.0 out of 10
TVL $5.00B+1.1%
8
Morpho
Lending · Ethereum, Base
Morpho is a noncustodial onchain lending protocol with variable-rate markets, fixed-term markets and curated vaults. Fees and several key safety details are not published on its homepage, so check the specific market before you deposit.
Read the Morpho review
ScoreScore 6.8 out of 10
TVL —
9
Euler Finance
Lending · Ethereum
Euler is a smart-contract lending platform where you can supply assets, borrow against collateral, or build lending markets. It offers flexible tools, but each market has its own risks and Euler does not publish one platform-wide fee schedule.
Read the Euler Finance review Visit Euler Finance(opens in a new tab)
ScoreScore 6.8 out of 10
TVL —
10
Dolomite
Lending · Ethereum, Arbitrum, Berachain +4
Dolomite combines lending and borrowing with swaps and leveraged strategies across several EVM networks. It offers flexible on-chain positions, but check current rates, contract risks and the terms for each asset before committing funds.
Read the Dolomite review Visit Dolomite(opens in a new tab)
ScoreScore 6.5 out of 10
TVL $142M−19.6%
11
Inverse Finance
Lending · Ethereum
Inverse Finance offers fixed-rate DOLA borrowing through FiRM and yield on DOLA through sDOLA. Before using either, check the current borrowing terms, collateral risks and smart-contract disclosures.
Read the Inverse Finance review Visit Inverse Finance(opens in a new tab)
ScoreScore 6.5 out of 10
TVL —
12
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%
13
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%
14
PWN
Lending · Polygon, Ethereum, Arbitrum +9
PWN lets you arrange fixed-term, peer-to-peer crypto loans using tokens or NFTs as collateral. Its no-liquidation design avoids price-triggered liquidations, but default and smart-contract risk remain.
Read the PWN review Visit PWN(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $21.1K−0.4%
15
Twyne
Lending · Ethereum
Twyne is an Ethereum credit-delegation protocol for earning fees on unused borrowing power or borrowing with more leverage. The main trade-off is added liquidation and smart-contract risk, while its fee rates are not published.
Read the Twyne review Visit Twyne(opens in a new tab)
ScoreScore 6.1 out of 10
TVL $1.47M−4.8%
16
Mystic Finance Lending
Lending · Flare, Citrea, Plume +2
Mystic is a non-custodial lending app for EVM networks, with vaults, isolated borrowing markets, swaps and PLUME liquid staking. Check market liquidity and contract risk before supplying funds.
Read the Mystic Finance Lending review Visit Mystic Finance Lending(opens in a new tab)
ScoreScore 6.0 out of 10
TVL $31.6M+0.5%
17
Compound
Lending · Ethereum
Compound is an Ethereum lending protocol for supplying crypto and borrowing against collateral. Rates and risks vary by market, so check the live terms and liquidation rules before supplying funds.
Read the Compound review
ScoreScore 6.0 out of 10
TVL —
18
Venus Core Pool
Lending · BNB Chain, Ethereum, Arbitrum +5
Venus Core Pool is a multi-chain crypto lending market for supplying assets or borrowing against collateral. Rates and risk depend on the market you choose, so check the live terms and collateral rules before committing funds.
Read the Venus Core Pool review Visit Venus Core Pool(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $1.08B−5.7%
19
Compound V2
Lending · Ethereum
Compound V2 is an Ethereum lending protocol for supplying crypto and borrowing against collateral. A deprecation vote approved in January 2026 makes it important to check whether the markets you need are still operating before you use it.
Read the Compound V2 review Visit Compound V2(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $94.9M−3.0%
20
Flux Finance
Lending · Ethereum
Flux Finance lets you lend stablecoins and borrow against tokenized U.S. Treasuries on Ethereum. Check OUSG access, changing yields and contract risks before using it.
Read the Flux Finance review Visit Flux Finance(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $43.6M−0.1%
21
Gearbox
Lending · Ethereum, Etherlink, Monad +8
Gearbox offers on-chain lending, leverage and credit products, including infrastructure for tokenised assets. It may suit DeFi users and institutions, but check the product’s fees, eligibility rules and risk terms before committing funds.
Read the Gearbox review Visit Gearbox(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $22.1M−3.7%
22
Arkis
Lending · Hyperliquid L1, Ethereum
Arkis is a prime-brokerage platform for institutional digital-asset traders, not a retail lending app. Its unified margin and credit services may suit firms trading across venues, but fees, licensing and key risk details need checking before you commit capital.
Read the Arkis review Visit Arkis(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $4.84M+7228%
23
Chainflip Lending
Lending · Other, Bitcoin, Ethereum +1
Chainflip Lending lets you deposit native crypto as collateral on one chain and borrow native assets on another. The cross-chain design is its appeal, but check live rates, liquidation thresholds and contract details before putting funds at risk.
Read the Chainflip Lending review Visit Chainflip Lending(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $4.52M+1.6%
24
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%
25
MortgageFi
Lending · Base, Arbitrum, Ethereum
MortgageFi offers crypto-backed borrowing with fixed terms and no price-based liquidations. Rates, fees and default-resolution details are important things to check before you commit funds.
Read the MortgageFi review Visit MortgageFi(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $927K−2.3%

Lending dApps on Ethereum: the numbers

Tracked: 127
Reviewed: 127
Total TVL: $37.5B
Avg. score: 5.1/10

SkyBitcoins tracks 127 lending dApps on Ethereum. Every one of them has a full review. Across the 95 with TVL data, the combined value locked is $37.5B, counting value on every chain they support. Aave V3 is the clear leader, holding 42% of it. The top five account for 91%, while the median lending dApp holds $841K.

By value locked, the largest lending dApps on Ethereum are Aave V3 ($15.8B), Morpho Blue ($10.9B) and SparkLend ($5.00B). On SkyBitcoins scores, Aave ranks first at 7.7/10, ahead of Aave V3 (7.6) and Compound V3 (7.2). The 70 rated lending dApps average 5.1/10, and none scores 8 or above yet.

Beyond Ethereum, these lending dApps most often also run on Arbitrum (48), Base (43) and BNB Chain (32). Of the 90 with a confirmed status, 84 are active and 6 are inactive or wound down. Over the last seven days, combined TVL rose 1.3%. Fira gained the most (+79.4%), while Capyfi dropped the most (−39.0%).

Largest by TVL

1Aave V3$15.8B
2Morpho Blue$10.9B
3SparkLend$5.00B
4Compound V3$1.25B
5Venus Core Pool$1.08B

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 Ethereum by TVL?

Aave V3 is the largest lending dApp on Ethereum by total value locked, with $15.8B across all the chains it supports. It is followed by Morpho Blue ($10.9B) and SparkLend ($5.00B). TVL figures come from DefiLlama and change daily.

Which lending dApp on Ethereum has the highest SkyBitcoins score?

Aave has the highest score at 7.7/10, ahead of Aave V3 (7.6) and Compound V3 (7.2). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many lending dApps on Ethereum has SkyBitcoins reviewed?

SkyBitcoins tracks 127 lending dApps on Ethereum. Of these, 127 have a full review and 95 report value locked, $37.5B in total, counting value on every chain they support.

Which lending dApps on Ethereum grew the most this week?

Among lending dApps with at least $1M locked, Fira had the biggest 7-day TVL gain (+79.4%) and Capyfi the biggest drop (−39.0%). Combined TVL moved +1.3% over the same seven days.

What is the average score for lending dApps on Ethereum?

The 70 rated lending dApps on Ethereum average 5.1 out of 10. Of these, 0 score 8 or higher and 29 score below 5.

Ranked list