Narrative

The DeFi narrative: decentralized finance dApps

Exchanges, lending markets, staking, derivatives and yield protocols, with where the money is and how it is moving.

Listed: 4,470
Reviewed: 4,470
Shown: 50

The DeFi narrative: decentralized finance dApps: the numbers

Tracked: 4,470
Reviewed: 4,470
Total TVL: $351B
Avg. score: 4.6/10

SkyBitcoins tracks 4,470 DeFi dApps. Every one of them has a full review. The 2,436 that report TVL hold $351B between them. Binance CEX is the clear leader, holding 36% of it. The five largest make up 58% of the total; the median is $237K.

The most common categories are DEXes (1,128), Lending (406) and Yield Aggregator (316). Of the 2,376 with a confirmed status, 2,192 are active and 184 are inactive or wound down. In the past week, total value locked fell 3.8%. NBX gained the most (+476%), while Telos Consilium dropped the most (−93.0%).

Ranked by TVL, Binance CEX ($125B), OKX ($28.2B) and Lido ($21.7B) lead the field. On SkyBitcoins scores, Lido ranks first at 7.8/10, ahead of Bitvavo (7.7) and Aave (7.7). The 1,641 rated DeFi dApps average 4.6/10, and none scores 8 or above yet.

Largest by TVL

1Binance CEX$125B
2OKX$28.2B
3Lido$21.7B
4Aave V3$15.8B
5Robinhood$13.7B

Highest rated

1Lido7.8
2Bitvavo7.7
3Aave7.7
4Aave V37.6
5Uniswap7.4

The DeFi narrative: decentralized finance dApps, page 1 of 90
		Category	Chains
1	LidoReviewed	Staking Pool	Ethereum, Solana +3	$21.7B	−1.1%	7.8
2	BitvavoReviewed	Centralized Exchanges	Ethereum, Bitcoin +10	$311M	−13.3%	7.7
3	AaveReviewed	Lending	Ethereum	—	—	7.7
4	Aave V3Reviewed	Lending	Ethereum, Base +19	$15.8B	+3.4%	7.6
5	UniswapReviewed	DEXes	Ethereum, Base +3	—	—	7.4
6	Compound V3Reviewed	Lending	Ethereum, Arbitrum +8	$1.25B	−3.3%	7.2
7	Uniswap V2Reviewed	DEXes	Ethereum, Base +15	$865M	−5.9%	7.2
8	HyperliquidReviewed	Derivatives	Hyperliquid L1	—	—	7.2
9	BumperReviewed	Options	—	—	—	7.2
10	Uniswap V3Reviewed	DEXes	Ethereum, Base +39	$1.51B	−2.5%	7.1
11	Uniswap V4Reviewed	DEXes	Ethereum, Robinhood Chain +20	$1.18B	+1.9%	7.1
12	Aave V4Reviewed	Lending	Ethereum, Arc +2	$810M	+19.1%	7.1
13	Defi Saver Asset ManagementReviewed	CDP Managers	Ethereum, Arbitrum +2	$342M	−4.7%	7.1
14	Euler V2Reviewed	Lending	Monad, Ethereum +14	$267M	−0.9%	7.1
15	THORChain DEXReviewed	DEXes	THORChain, Bitcoin +11	$60.5M	−3.3%	7.1
16	Morpho BlueReviewed	Lending	Ethereum, Base +42	$10.9B	−0.4%	7.0
17	SparkLendReviewed	Lending	Ethereum, xDai	$5.00B	+1.1%	7.0
18	Marinade Liquid StakingReviewed	Staking	Solana	$201M	−7.0%	7.0
19	Liquity V1Reviewed	CDPs	Ethereum	$156M	−1.2%	7.0
20	NBXReviewed	Centralized Exchanges	Ethereum, Bitcoin +1	$7.47M	+476%	7.0
21	CoinsquareReviewed	Centralized Exchanges	Cardano, Ethereum +7	$2.67M	−5.7%	7.0
22	Marinade FinanceReviewed	Staking	Solana	—	—	7.0
23	Metamask SwapReviewed	Dex Aggregator	Ethereum, BNB Chain	—	—	6.9
24	BitgetReviewed	Centralized Exchanges	Bitcoin, Solana +69	$5.78B	−0.1%	6.8
25	UNCX Network V2Reviewed	Token Locker	Ethereum, BNB Chain +7	$135M	+0.6%	6.8
26	XRPL DEXReviewed	DEXes	XRP Ledger	$31.0M	−7.5%	6.8
27	Stellar DEXReviewed	DEXes	Stellar	$13.7M	−5.7%	6.8
28	Osmosis DEXReviewed	DEXes	Osmosis	$9.12M	−13.3%	6.8
29	StakePointReviewed	Token Locker	Solana	$1.51M	−57.7%	6.8
30	1inchReviewed	Dex Aggregator	—	—	—	6.8
31	LiquityReviewed	CDPs	Ethereum	—	—	6.8
32	MorphoReviewed	Lending	Ethereum, Base	—	—	6.8
33	AerodromeReviewed	DEXes	Base	—	—	6.8
34	SaucerswapReviewed	DEXes	Hedera	—	—	6.8
35	Bit2meReviewed	Centralized Exchanges	—	—	—	6.8
36	Euler FinanceReviewed	Lending	Ethereum	—	—	6.8
37	SpikoReviewed	Real-World Assets	—	—	—	6.8
38	3routeReviewed	Dex Aggregator	Tezos, Ethereum +4	—	—	6.8
39	Crypto d AppReviewed	Centralized Exchanges	Cronos	—	—	6.8
40	Wrapped StethReviewed	Staking	Ethereum	—	—	6.8
41	CryptocoinexchangeReviewed	Centralized Exchanges	—	—	—	6.8
42	CryptoharvestbnbReviewed	Yield Aggregator	Ethereum, Arbitrum +3	—	—	6.8
43	Robin Hood KingdomReviewed	Centralized Exchanges	Arbitrum, Ethereum	—	—	6.8
44	ThorchainReviewed	DEXes	—	—	—	6.8
45	Kinetiq kHYPEReviewed	Staking	Hyperliquid L1	$811M	−12.4%	6.7
46	SaucerSwap V2Reviewed	DEXes	Hedera	$13.4M	−7.1%	6.7
47	HipoReviewed	Staking	TON	$9.95M	−20.0%	6.7
48	DeriveReviewed	Derivatives	Ethereum	—	—	6.7
49	FibrousReviewed	Dex Aggregator	Starknet, Base +4	—	—	6.7
50	Origin ProtocolReviewed	Yield Aggregator	Ethereum	—	—	6.7

Ranked by SkyBitcoins score, then total value locked. Click a column to re-sort this page. TVL data via DefiLlama.

By category

Frequently asked questions

What is the largest DeFi dApp by TVL?

Binance CEX is the largest DeFi dApp by total value locked, with $125B. It is followed by OKX ($28.2B) and Lido ($21.7B). TVL figures come from DefiLlama and change daily.

Which DeFi dApp has the highest SkyBitcoins score?

Lido has the highest score at 7.8/10, ahead of Bitvavo (7.7) and Aave (7.7). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DeFi dApps does SkyBitcoins track?

SkyBitcoins tracks 4,470 DeFi dApps. Of these, 4,470 have a full review and 2,436 report value locked, $351B in total.

What are the most common types of DeFi dApps?

DEXes (1,128), Lending (406) and Yield Aggregator (316) are the largest categories, by number of projects.

Which DeFi dApps grew the most this week?

Among DeFi dApps with at least $1M locked, NBX had the biggest 7-day TVL gain (+476%) and Telos Consilium the biggest drop (−93.0%). Combined TVL moved −3.8% over the same seven days.

What is the average score for DeFi dApps?

The 1,641 rated DeFi dApps average 4.6 out of 10. Of these, 0 score 8 or higher and 918 score below 5.