Best of · Ethereum · Updated Nov 8, 2026

The best Onchain Capital Allocators on Ethereum in 2026

We track 49 Onchain Capital Allocators that run on Ethereum and have reviewed 34 of them in full. Our top pick is Almanak. Each one is scored on security, ease of use, fees and features.

1
Almanak
Onchain Capital Allocator · Ethereum, Base
Almanak lets you build and run automated DeFi strategies from a Safe wallet. Its code ownership and scoped permissions are useful safeguards, but fees, audit details and strategy risks need closer checking before you commit funds.
Read the Almanak review Visit Almanak(opens in a new tab)
ScoreScore 6.1 out of 10
TVL $263K−0.2%
2
Lagoon
Onchain Capital Allocator · Ethereum, Arbitrum, Base +19
Lagoon is vault infrastructure, not a single yield product: you choose a vault run by a curator, and its strategy and risks matter as much as the platform. Check withdrawal terms, fees and audit scope for that specific vault before depositing.
Read the Lagoon review Visit Lagoon(opens in a new tab)
ScoreScore 6.0 out of 10
TVL $157M−0.6%
3
Spark Liquidity Layer
Onchain Capital Allocator · Ethereum, Base, Arbitrum +5
Spark Liquidity Layer routes stablecoin liquidity from the Sky ecosystem across supported chains, DeFi markets and real-world-asset strategies. It is infrastructure for integrated apps and institutions, not a clearly documented direct-deposit product for every user.
Read the Spark Liquidity Layer review Visit Spark Liquidity Layer(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $2.74B+4.0%
4
Concrete
Onchain Capital Allocator · Ethereum, Stable, Arbitrum +2
Concrete offers crypto yield through managed DeFi vaults across several networks. Returns, fees and withdrawal conditions vary by vault, so check the specific strategy and its risks before depositing.
Read the Concrete review Visit Concrete(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $1.21B−1.5%
5
Aera V3
Onchain Capital Allocator · Morph, Base, Ethereum +2
Aera V3 is an automated treasury-management protocol for onchain organizations, but its app is in closed beta. Check access, fees and the V3 audit scope before allocating funds.
Read the Aera V3 review Visit Aera V3(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $172M−10.9%
6
Aera V2
Onchain Capital Allocator · Ethereum, Base, Polygon +1
Aera V2 is an onchain treasury management protocol for DAOs, with automated strategies and owner-controlled vaults. The app is currently in closed beta, so access may be limited.
Read the Aera V2 review Visit Aera V2(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $44.9M−0.1%
7
Sommelier
Onchain Capital Allocator · Ethereum, Arbitrum, Optimism
Sommelier automates DeFi vault strategies across Ethereum, Arbitrum and Optimism. Its strategy and security model are described, but fees and vault-specific risks need checking before you deposit.
Read the Sommelier review Visit Sommelier(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $916K−0.7%
8
Rigoblock
Onchain Capital Allocator · Arbitrum, Optimism, Ethereum +4
Rigoblock offers non-custodial smart vaults for running DeFi strategies across several chains. Its fee model and safety controls are promising, but verify audit reports, vault risks and transaction costs before committing funds.
Read the Rigoblock review Visit Rigoblock(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $17.8K−8.8%
9
D2 Finance
Onchain Capital Allocator · Hyperliquid L1, Arbitrum, Base +4
D2 Finance offers on-chain, actively managed derivatives vaults. Its strategy and vault design are described, but fees, withdrawal terms and audit details need checking before you deposit.
Read the D2 Finance review Visit D2 Finance(opens in a new tab)
ScoreScore 5.7 out of 10
TVL $23.4M−4.5%
10
Ufarm Digital
Onchain Capital Allocator · Ethereum, Arbitrum
Ufarm Digital offers managed DeFi vaults on Ethereum and Arbitrum. Its non-custodial design is a plus, but fees, withdrawal terms and audit details need checking before you deposit.
Read the Ufarm Digital review Visit Ufarm Digital(opens in a new tab)
ScoreScore 5.6 out of 10
TVL —
11
Makina
Onchain Capital Allocator · Ethereum, Base
Makina is infrastructure for onchain investment strategies, not a simple savings account. You can access vaults across Ethereum and Base, but check each strategy’s fees, risks and protections before depositing.
Read the Makina review Visit Makina(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $38.7M−3.0%
12
Neutral Trade
Onchain Capital Allocator · Solana, Robinhood Chain, Ethereum +1
Neutral Trade lets you deposit into on-chain vaults run by trading firms. The strategy choices and custody safeguards are described, but fees and redemption timing need checking before you commit.
Read the Neutral Trade review Visit Neutral Trade(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $22.3M−4.2%
13
Theoriq Gold Vault
Onchain Capital Allocator · Ethereum
Theoriq Gold Vault puts tokenized gold to work through a managed Ethereum strategy. The strategy and accepted assets are described, but fees, withdrawals and independently verifiable audit details need checking before you deposit.
Read the Theoriq Gold Vault review Visit Theoriq Gold Vault(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $118K+4.8%
14
Veda
Onchain Capital Allocator · Ink, Ethereum, Optimism +10
Veda provides vault infrastructure that businesses use to add onchain yield to their products; it is not a standalone app for depositing crypto. If you use a Veda-powered product, check that product’s fees, risks and withdrawal terms before depositing.
Read the Veda review Visit Veda(opens in a new tab)
ScoreScore 5.3 out of 10
TVL $1.70B−3.3%
15
Upshift
Onchain Capital Allocator · Ethereum, Stellar, Flare +11
Upshift is a platform for depositing crypto into managed onchain yield vaults, including stablecoin and other asset strategies. Returns, fees and the risks vary by vault, so check the specific strategy before depositing.
Read the Upshift review Visit Upshift(opens in a new tab)
ScoreScore 5.3 out of 10
TVL $460M+6.5%
16
Lombard Vaults
Onchain Capital Allocator · Ethereum, Base, BNB Chain +2
Lombard Vaults is an automated Bitcoin-yield product that spreads exposure across manager-run sub-vaults. Returns, fees, withdrawal terms and the security details for each vault need closer checking before you deposit.
Read the Lombard Vaults review Visit Lombard Vaults(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $69.1M−2.6%
17
YieldNest
Onchain Capital Allocator · Ethereum, BNB Chain
YieldNest packages restaking and other DeFi strategies into liquid tokens and MAX vaults. Its strategy selection may simplify access, but fees, custody details and the risks of each vault need checking before you deposit.
Read the YieldNest review Visit YieldNest(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $22.7M−0.8%
18
MORE Vaults
Onchain Capital Allocator · Flow, Base, Ethereum +2
MORE Vaults is infrastructure for creating and using DeFi strategy vaults across multiple chains. Its design promises non-custodial deposits and transparent allocations, but fees, independent audits and the risks of individual vaults need careful checking.
Read the MORE Vaults review Visit MORE Vaults(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $1.28M−10.9%
19
TradingStrategy
Onchain Capital Allocator · Arbitrum, Ethereum, Polygon +3
TradingStrategy combines DeFi vault rankings with on-chain investment strategies you can allocate to. The comparison tools are useful, but check each vault’s fees, risks and contract details before committing funds.
Read the TradingStrategy review Visit TradingStrategy(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $4−0.0%
20
Merit Circle
Onchain Capital Allocator · Ethereum, Base, Avalanche
Merit Circle has rebranded as Beam, an ecosystem and treasury-led project built around the BEAM token. Its use and costs are not fully clear, so check the token’s network and current terms before moving funds.
Read the Merit Circle review Visit Merit Circle(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $0
21
Theoriq AlphaVault ETH
Onchain Capital Allocator · Ethereum
Theoriq AlphaVault ETH is an Ethereum vault that curates ETH yield strategies, including fixed-yield and leveraged approaches. Its strategy controls and custody claims are promising, but fees, withdrawal terms and named audit reports need checking before you deposit.
Read the Theoriq AlphaVault ETH review Visit Theoriq AlphaVault ETH(opens in a new tab)
ScoreScore 5.1 out of 10
TVL $169K−1.0%
22
Solv Strategies
Onchain Capital Allocator · BNB Chain, Avalanche, Ethereum +2
Solv Strategies is designed to route Bitcoin into curated DeFi yield strategies, but published information leaves key questions about fees, custody and strategy-level audits unanswered.
Read the Solv Strategies review Visit Solv Strategies(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $59.7M−2.6%
23
Arkonix
Onchain Capital Allocator · Ethereum, Arbitrum
ARKONIX offers rules-based on-chain vaults and managed accounts for allocators, with controls such as trade attestations and configurable floors. Before committing funds, verify the vault’s fees, withdrawal terms and audit evidence: those details are not published clearly.
Read the Arkonix review Visit Arkonix(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $138K−7.2%
24
Tokemak
Onchain Capital Allocator · Ethereum
Tokemak has evolved into Auto Finance, a DeFi protocol built around automated yield vaults. Before depositing, check which app and token are current: sources conflict on TOKE’s migration to AUTO.
Read the Tokemak review
ScoreScore 4.8 out of 10
TVL —
25
ether.fi Liquid
Onchain Capital Allocator · Ethereum
ether.fi Liquid is an Ethereum vault strategy for putting eETH to work in DeFi. The strategy and its costs are not detailed enough to judge expected returns or the risks of a specific deposit.
Read the ether.fi Liquid review Visit ether.fi Liquid(opens in a new tab)
ScoreScore 4.5 out of 10
TVL $373M−1.8%

Onchain Capital Allocators on Ethereum: the numbers

Tracked: 49
Reviewed: 49
Total TVL: $8.67B
Avg. score: 5.1/10

The SkyBitcoins index lists 49 onchain capital allocators on Ethereum. Every one of them has a full review. Across the 45 with TVL data, the combined value locked is $8.67B, counting value on every chain they support. Spark Liquidity Layer is the clear leader, holding 32% of it. The five largest make up 83% of the total; the median is $3.17M.

By value locked, the largest onchain capital allocators on Ethereum are Spark Liquidity Layer ($2.74B), Veda ($1.70B) and Concrete ($1.21B). The best-rated is Almanak with 6.1/10, followed by Lagoon (6.0) and Spark Liquidity Layer (5.8). The 34 rated onchain capital allocators average 5.1/10, and none scores 8 or above yet.

Many also deploy elsewhere, most often on Base (22), Arbitrum (22) and Avalanche (11). Of the 45 with a confirmed status, 44 are active and 1 is inactive or wound down. In the past week, total value locked fell 1.1%. Upshift gained the most (+6.5%), while Aera V3 dropped the most (−10.9%).

Largest by TVL

1Spark Liquidity Layer$2.74B
2Veda$1.70B
3Concrete$1.21B
4Grove Finance$1.11B
5Upshift$460M

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

Related guides

All guides

Blockchain
How to Use Base: A Practical Guide for 2026
Base is an Ethereum Layer 2 that lets you use compatible wallets and apps with ETH for gas. Learn how to set up a wallet, move funds, estimate costs and avoid common risks.

Frequently asked questions

What is the largest onchain capital allocator on Ethereum by TVL?

Spark Liquidity Layer is the largest onchain capital allocator on Ethereum by total value locked, with $2.74B across all the chains it supports. It is followed by Veda ($1.70B) and Concrete ($1.21B). TVL figures come from DefiLlama and change daily.

Which onchain capital allocator on Ethereum has the highest SkyBitcoins score?

Almanak has the highest score at 6.1/10, ahead of Lagoon (6.0) and Spark Liquidity Layer (5.8). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many onchain capital allocators on Ethereum has SkyBitcoins reviewed?

SkyBitcoins tracks 49 onchain capital allocators on Ethereum. Of these, 49 have a full review and 45 report value locked, $8.67B in total, counting value on every chain they support.

Which onchain capital allocators on Ethereum grew the most this week?

Among onchain capital allocators with at least $1M locked, Upshift had the biggest 7-day TVL gain (+6.5%) and Aera V3 the biggest drop (−10.9%). Combined TVL moved −1.1% over the same seven days.

What is the average score for onchain capital allocators on Ethereum?

The 34 rated onchain capital allocators on Ethereum average 5.1 out of 10. Of these, 0 score 8 or higher and 11 score below 5.

Ranked list