DeFi · Category ranking
Best Interest Rate Derivatives dApps in 2026
16 Interest Rate Derivatives dApps ranked by SkyBitcoins score and total value locked. Open any row for the full review.
- Listed
- 16
- Reviewed
- 16
- Page
- 1/1
Interest Rate Derivatives dApps at a glance
- Tracked
- 16
- Reviewed
- 16
- Total TVL
- $22.0M
- Avg. score
- 5.2/10
SkyBitcoins tracks 16 interest rate derivatives dApps. Every one of them has a full review. The 12 that report TVL hold $22.0M between them. Spectra V2 is the clear leader, holding 48% of it. The top five account for 97%, while the median interest rate derivatives dApp holds $172K.
Ranked by TVL, Spectra V2 ($10.6M), Boros ($7.61M) and RateX DEX ($2.07M) lead the field. The best-rated is Pendle with 6.2/10, followed by Exponent (5.8) and Rho Protocol (5.6). The 6 rated interest rate derivatives dApps average 5.2/10, and none scores 8 or above yet.
Most interest rate derivatives dApps run on Ethereum (8), Arbitrum (6) and Base (3). 60% are deployed on more than one chain. All 10 with a confirmed status are active. In the past week, total value locked rose 1.6%. Spectra V2 gained the most (+6.5%), while RateX DEX dropped the most (−6.2%).
Largest by TVL
- 1
Spectra V2$10.6M
- 2
Boros$7.61M
- 3
RateX DEX$2.07M
- 4
Rho X$589K
- 5
IPOR Derivatives$484K
Highest rated
- 1
Pendle6.2
- 2
Exponent5.8
- 3
Rho Protocol5.6
- 4
Hyperdrive5.2
- 5
| Chains | |||||
|---|---|---|---|---|---|
| 1 | PendleReviewed | Ethereum | — | — | 6.2 |
| 2 | ExponentReviewed | Solana | — | — | 5.8 |
| 3 | Rho ProtocolReviewed | Arbitrum | $57.7K | −0.1% | 5.6 |
| 4 | HyperdriveReviewed | Ethereum, Linea +2 | $66.4K | −0.7% | 5.2 |
| 5 | Spectra V2Reviewed | Flare, Stellar +11 | $10.6M | +6.5% | 4.3 |
| 6 | BorosReviewed | Arbitrum | $7.61M | −2.2% | 4.2 |
| 7 | RateX DEXReviewed | Solana, BNB Chain | $2.07M | −6.2% | — |
| 8 | Rho XReviewed | Ethereum, Arbitrum | $589K | −0.0% | — |
| 9 | IPOR DerivativesReviewed | Arbitrum, Ethereum +1 | $484K | −0.3% | — |
| 10 | VoltzReviewed | Ethereum, Arbitrum +1 | $223K | −0.5% | — |
| 11 | Spectra V1Reviewed | Polygon, Ethereum | $172K | −2.1% | — |
| 12 | Tranche FinanceReviewed | Ethereum, Polygon +2 | $32.3K | −0.5% | — |
| 13 | FIVAReviewed | TON | $30.4K | −0.1% | — |
| 14 | Splice FinanceReviewed | Mode, Blast | $21.3K | −1.2% | — |
| 15 | Particle DUOReviewed | Blast | $0 | — | — |
| 16 | Rho LabsReviewed | — | — | — | — |
Ranked by SkyBitcoins score, then total value locked. Click a column to re-sort this page. TVL data via DefiLlama.
Where they run
Interest Rate Derivatives dApps by chain
Frequently asked questions
What is the largest interest rate derivatives dApp by TVL?
Spectra V2 is the largest interest rate derivatives dApp by total value locked, with $10.6M. It is followed by Boros ($7.61M) and RateX DEX ($2.07M). TVL figures come from DefiLlama and change daily.
Which interest rate derivatives dApp has the highest SkyBitcoins score?
Pendle has the highest score at 6.2/10, ahead of Exponent (5.8) and Rho Protocol (5.6). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many interest rate derivatives dApps does SkyBitcoins track?
SkyBitcoins tracks 16 interest rate derivatives dApps. Of these, 16 have a full review and 12 report value locked, $22.0M in total.
What chains do most interest rate derivatives dApps run on?
Which interest rate derivatives dApps grew the most this week?
Among interest rate derivatives dApps with at least $1M locked, Spectra V2 had the biggest 7-day TVL gain (+6.5%) and RateX DEX the biggest drop (−6.2%). Combined TVL moved +1.6% over the same seven days.
What is the average score for interest rate derivatives dApps?
The 6 rated interest rate derivatives dApps average 5.2 out of 10. Of these, 0 score 8 or higher and 2 score below 5.