Infinex is a new crypto application launched by Synthetix, providing access to a variety of on-chain protocols, services and applications. It is unmanaged and uses a new security architecture centered on on-chain smart accounts and keys. Infinex was previously a decentralized perpetual protocol.
Infinex
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DeFi、DEX、Lending、Derivatives
| | Crypto app designed for humans |
1,040
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695
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Polaris is a triple-engine stablecoin protocol built to solve the stablecoin “Yield Trap”. By monetizing pETH volatility via a bonding curve, conversion mechanics, and CDP architecture, Polaris generates uncorrelated yield that scales as the system grows without counterparty or credit risk.
Polaris
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DeFi、Stablecoin Protocol
| -- | Self-Scaling Stablecoin Operating System |
476
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424
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Tenbin is a decentralized on-chain market with the liquidity of TradFi and the utility of DeFi.
Tenbin
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DeFi、RWA
| -- | On-chain tokenized market |
593
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389
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TermMax is a next-generation loan AMM offering one-click looping, range orders, fixed/variable rates, and customizable pricing curves. Within a single platform, TermMax simplifies DeFi borrowing, lending, and leveraging with one-click token trading, enabling predictable borrowing costs and stable returns.
TermMax
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DeFi、Lending、Fixed Interest Rate Lending
| | Peer-to-peer bond protocol powered by ZK-Rollup |
361
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274
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USA₮ is a USD-backed stablecoin developed by Tether, designed for the internet age, allowing for instant spending, transfers, and receipts.
USAT
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DeFi、Stablecoin Protocol
| -- | Stablecoin developed by Tether |
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271
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DreamCash is a decentralized trading platform on Hyperliquid.
Dreamcash
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DeFi
| | Decentralized Trading Platform |
534
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261
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River is building a chain-abstracted stablecoin system, connecting assets, liquidity, and returns across multiple blockchains. Through its core stablecoin, satUSD, users can achieve returns, leverage, and scale across diverse ecosystems. River's key feature is its pioneering omni-CDP module, allowing users to collateralize assets on chain A and mint satUSD on chain B—all without requiring cross-chain asset bridging.
River
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DeFi、Lending、Stablecoin Protocol
| | Chain Abstraction Stablecoin System |
663
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252
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Doppler is an onchain protocol for launching tokens through various price discovery auctions. Applications integrate Doppler, configure their token launch parameters, and get to market faster than building in-house smart contracts. Teams like Zora, Paragraph, and Noice use Doppler to create new tokens by configuring inputs such as supply curves, vesting schedules, inflation mechanics, governance structures, and ongoing economics, such as fees and treasury management.
Doppler
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DeFi、Launchpad
| | Custom markets for launching tokens |
719
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232
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ENSO is the connectivity layer of crypto. Connecting all ecosystems within one network, enabling application developers and users to express their desired outcome as an intent, allowing truly composable applications to be built without the necessity of building manual integrations.
Enso
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DeFi、Chain Abstract、Intent
| | Intent engine powering the intent-centric future |
580
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205
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Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. The Hyperliquid L1 is performant enough to operate an entire ecosystem of permissionless financial applications – every order, cancel, trade, and liquidation happens transparently on-chain with block latency <1 second. The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX.
Hyperliquid
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DeFi、Infra、Layer1、Derivatives
| -- | Performant L1 |
1,514
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201
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Flying Tulip is building an onchain financial marketplace that unifies spot trading, derivatives, credit, a native stablecoin (ftUSD), and onchain insurance within a single cross‑margin system designed for capital efficiency and transparent risk management.
Flying Tulip
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DeFi、DEX、Lending、Derivatives、Options、Perp
| | Intelligent trading protocol |
1,318
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189
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Elsa AI is an AI crypto co-pilot designed to help users make informed decisions with its cutting edge data and execution mechanism. Elsa AIenables autonomous agents to securely interact with blockchain infrastructure and user wallets, while interpreting user actions and executing them safely.
HeyElsa
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DeFi、AI Agent、AI
| | AI crypto co-pilot |
557
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186
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The Uniswap is a decentralized exchange protocol that provides liquidity and facilitates the trading of tokens. It eliminates the need for trusted intermediaries and unnecessary forms of rent extraction, enabling safe, accessible, and efficient exchange activities.
Uniswap
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DeFi、DEX
| | Decentralized trading protocol |
1,007
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183
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USD.ai develops a yield-bearing synthetic flatcoin backed by compute resources, AI hardware, and network nodes. It finances decentralized infrastructure assets like GPUs and cell towers to address liquidity gaps. The platform uses $USDAI token for transactions, offering yield through asset-backed stability.
usd.ai
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DeFi、Stablecoin Protocol、AI
| -- | The yield-bearing synthetic dollar |
1,169
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176
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Nado is the orderbook DEX where raw power collides with surgical precision to unleash breathtaking performance for traders. Trade spot and perpetuals via unified margin, where kinetic collateral dynamically flows across positions — netting risks in real-time for superior capital efficiency.
Nado
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DeFi、DEX、Derivatives、Perp
| | Orderbook DEX on INK |
474
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175
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ETHGas is a marketplace to source and trade blockspace commitments, alongside the Base Fee itself. It operates as a hybrid exchange - a centralized venue, where the central limit orderbook (CLOB) matches buyers with sellers, alongside a non-custodial smart contract where the collateral is held to backstop validator commitments.
ETHGAS
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DeFi、Derivatives
| | Infrastructure layer for programmable gas |
787
|
173
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Hurupay is an on-chain forex trading platform that transforms forex trading into programmable, transparent, and globally accessible software by enabling 24/7 instant exchange between USD and non-USD stablecoins in payroll and payments.
Hurupay
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DeFi
| -- | On-chain forex trading platform |
141
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171
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Blackhaven is a liquidity engine based on MegaETH that maximizes returns by creating compound value for all participants and converting idle funds into on-chain yields.
Blackhaven
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DeFi、Yield aggregator
| | Liquidity engine based on MegaETH |
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166
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ANT.FUN is a decentralized trading platform. It not only provides basic cryptocurrency trading functions, but is also expanding into wider social and content areas. For example, it plans to launch short video and live broadcast functions, aiming to create an ecosystem integrating finance, social and content. It obtained the RIA license and STO license issued by the U.S. Securities and Exchange Commission.
ANT.FUN
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DeFi、Socia Trading
| | Crypto trading platform |
442
|
166
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trade.xyz is a perpetual platform that can be used to trade any commodity, including stocks.
trade.xyz
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DeFi、Derivatives、Perp
| | Perpetual platform |
562
|
162
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FOMO is a cross-chain trading application that allows users to trade across chains using a single account. Purchase any asset with a single click. No new wallet, no bridging, and no gas fees required.
fomo
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DeFi
| | Cross-chain trading app |
828
|
162
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Cygnus is the Web3 Instagram application layer and modular real-income layer. Its Instagram layer connects users to Web3, starting with the fast-growing Cygnus InstaPlay Hub and expanding to creator economy, data sovereignty, and AI integration. Cygnus Chain is powered by the Cygnus full-chain liquidity verification system (LVS), which ensures liquidity and provides distributed verification services, enabling users to earn staking income, LVS fees, and ecosystem incentives from on-chain and off-chain assets.
Cygnus
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DeFi、Infra、Layer2
| | Instagram App Layer and modular real yield Layer |
393
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161
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Aster is a next-generation decentralized perpetual exchange built for everyone, committed to delivering a seamless, powerful, and truly decentralized on-chain derivatives trading experience. From one-click trading to smart automation and deep on-chain liquidity, Aster is rethinking how DeFi should work — simple, efficient, and built for users.
Aster
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DeFi、DEX、Perp
| | Next-Generation Decentralized Perpetual Exchange |
1,142
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159
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Byreal is an onchain liquidity network for the next wave of assets — where real value is listed, discovered, and traded transparently. It is building the onchain extension of a global exchange, combining CEX-grade liquidity with DeFi-native transparency.
Byreal
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DeFi、DEX
| | Onchain liquidity network |
535
|
151
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Lighter is a perpetual trading protocol that introduces a scalable, secure, transparent, non-custodial, and verifiable order book trading infrastructure within the Ethereum ecosystem. As an application-specific zk-rollup, it employs advanced cryptographic techniques and data structures. Lighter significantly improves the security and fairness of order book trading with its verifiable matching engine, ensuring scalable and efficient market price discovery. Thus, Lighter lays the groundwork for creating new, high-performance, and secure digital trading platforms.
Lighter
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DeFi、Derivatives、Perp
| | Perpetual trading protocol |
1,210
|
150
|
World Liberty Financial is a DeFi project supported by the Donald Trump family. Its mission is to "make cryptocurrencies and America great by promoting the mass adoption of stablecoins and decentralized finance". World Liberty Financial will first be launched as a market for cryptocurrency lending using Aave infrastructure, and will launch its governance token WLFI and stablecoin USD1. Unlike other governance tokens such as UNI and MKR, WLFI does not provide economic rights.
World Liberty Financial
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DeFi、Lending、Stablecoin Protocol
| -- | Crypto Lending Platform |
1,770
|
140
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Avantis is an oracle-based synthetic derivatives protocol where users can trade crypto and real world assets with up to 100x leverage, and earn yield as a market-maker by providing USDC liquidity.
Avantis
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DeFi、Derivatives、Perp
| | Synthetic derivatives protocol |
788
|
140
|
AetheriumX is a next-generation Web3 financial entertainment platform that fuses DeFi yields with gamified GameFi 2.0 mechanics. By leveraging non-custodial, user-owned on-chain assets, AetheriumX coordinates capital through programmable strategy execution layers, enabling dynamic allocation, optimization, and verifiable yield generation.
AetheriumX
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DeFi、Gaming、Gaming platform、Prediction market
| -- | Web3 Financial entertainment platform |
235
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139
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Ondo Finance is dedicated to enhancing the safety, efficiency, and accessibility of financial services through institutional-grade on-chain offerings. Ondo Finance has a technology arm focused on developing on-chain financial software and an asset management arm that creates and manages tokenized products. It is also focused on incubating protocols that can support both tokenized real-world assets and traditional crypto.
Ondo Finance
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DeFi、RWA、Asset Management
| | Institutional-Grade Finance |
1,309
|
138
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Pareto is a private credit market that connects institutional lenders and borrowers, offering scalable yield opportunities and linking institutional capital to on-chain credit markets. Pareto was originally named Idle, a decentralized yield aggregation platform.
Pareto
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DeFi、Lending、Credit Lending
| | Private credit market |
333
|
138
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