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 |
DeFi、Infra、Layer1、Derivatives
| -- | Performant L1 |
1.49 K
|
336
|
3Jane is a crypto-native derivatives protocol leveraging restaking and cash-and-carry to unlock a novel derivatives yield source. 3Jane enables the collateralization of shared security of any Proof-of-Stake system in financial derivatives contracts, allowing users to generate real ETH / BTC yield on EigenLayer and Babylon.
3Jane |
DeFi、Derivatives、Restaking
| | Derivatives Protocol on Eigenlayer |
304
|
312
|
Cygnus is a modular real yield layer. As the end game of real yield, it combines non-EVM systems such as TON with EVM ecosystem. Its yield-bearing Liquidity Validation System provide services for any system that requires its own distributed validation semantics for verification. Users can participate in ecological liquidity security protection while automatically enjoying staking yield, LVS fees and other systems' incentives.
Cygnus |
DeFi、Infra、Layer2
| | Modular real yield layer |
569
|
310
|
Iron is building an on-chain bank, committed to fulfilling the needs of institutional customers within Europe's digital asset environment. Opening exciting new use cases for market makers, exchanges, wallets, custodians, stablecoin issuers and other on-chain institutions.
Iron |
DeFi
| -- | On-chain bank |
75
|
231
|
Haust Network is an Application Absolute Liquidity Network and will be built for compatibility with the Ethereum Virtual Machine (EVM). Haust to deliver native yield to all user’s assets. Within the Haust Wallet in Telegram after launching mainnet users can spend and earn on their crypto in one easy place, all at the same time. Haust Network will earn yield by leveraging its network of auto-balancing smart contracts that interact across multiple blockchains then effectively channelling their generated yield back to its users.
Haust Network |
DeFi、Infra、Layer2
| -- | Liquidity network based on Telegram |
101
|
215
|
Pell Network aims to create a decentralized token economy security leasing platform for the Bitcoin ecosystem. By constructing a network that aggregates native BTC Stake and LSD Restake services, it allows stakers to choose to validate new software modules built upon the Pell Network ecosystem. Stakers opt-in by granting Pell Network smart contracts the ability to impose additional reduction conditions on their staked assets, thereby allowing for the expansion of cryptographic economic security.
Pell Network |
DeFi、Restaking
| | Actively Validated Services for Bitcoin Ecosystem |
532
|
208
|
DeFi.app aims to simplify DeFi trading while maintaining full self-custody of crypto assets. Through DeFi.app, users can buy tokens on any blockchain, perform "instant, one-click" cross-chain swaps, access decentralized derivatives markets and yield opportunities — all without gas fees or the need for bridges — Greer said. The platform uses "full-chain abstraction" to eliminate gas fees, employs passkeys and biometrics for security and requires no know-your-customer (KYC) checks.
DeFi.app |
DeFi、Cross-Chain Aggregation DEX
| -- | The Robinhood of DeFi |
436
|
206
|
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 |
DeFi、DEX
| | Decentralized trading protocol |
4.23 K
|
199
|
Templar Protocol is a decentralized lending protocol that supports users to supply and borrow assets from any chain with no bridging.
Templar Protocol |
DeFi、Lending
| -- | Decentralized lending protocol |
39
|
196
|
Ethena is building derivative infrastructure to enable Ethereum to transform into the Global Internet Bond via delta-neutral positions on stETH, to create the first crypto-native, yield bearing stablecoin: USDE.
Ethena |
DeFi、Stablecoin Protocol
| | ETH based delta-neutral stablecoin |
1.67 K
|
195
|
Rakurai is building a high TPS Rust client for Solana, delivering up to 30% higher yields. Rakurai's Accelerated Solana client boosts TPS with proprietary scheduling & pipeline optimizations.
Rakurai |
DeFi、LSD
| | Solana staking powered by supercharged nodes |
48
|
185
|
Harmonix Finance is where TradFi meets DeFi: automated vaults, smart strategies, and max gains with min risk. Harmonix Finance is building efficient hedge fund on-chain derivatives pools using hedge fund strategies (like options wheel & delta neutral) where users deposit fund and receive high yield & multiple tokens airdrop.
Harmonix Finance |
DeFi、Derivatives、DOV
| | On-chain derivatives platform |
69
|
170
|
UniversalX is a chain-agnostic trading platform provides a new, chain-agnostic approach to onchain trading, allowing users to buy and sell any token, on any chain, without ever bridging.
UniversalX |
Chain Abstract、DeFi、DEX
| -- | Chain-agnostic trading platform |
187
|
169
|
PancakeSwap is a decentralized exchange (DEX) built on BNB Chain that utilizes an automated market making (AMM) system. It is a fork of SushiSwap, with an almost identical codebase, but it has the advantage of cheaper and faster transactions due to being built on BSC. Additionally, it offers features such as yield farming across other protocols, lotteries, and initial farm offerings (IFO).
PancakeSwap |
DeFi、DEX
| | Decentralized Exchange |
2.02 K
|
169
|
KiloEx is a user-friendly decentralized exchange focused on risk management and capital efficiency.
KiloEx |
DeFi、Derivatives、Perp
| | perp DEX |
425
|
165
|
flyingtulip is an intelligent trading protocol that adapts to market conditions, giving users better execution, higher returns, and integrated DeFi in one platform. Users can access spot, leverage, and perpetual trading from a single liquidity pool without moving funds across different protocols.
flyingtulip |
DeFi、DEX、Lending、Derivatives、Options、Perp
| -- | Intelligent trading protocol |
91
|
161
|
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 |
DeFi、RWA、Asset Management
| | Institutional-Grade Finance |
1.33 K
|
161
|
Tensorplex Labs is building robust and open technologies to propel the decentralised AI ecosystem. $stTAO Reward bearing $TAO LST boosting accessibility and liquidity for Bittensor.
Tensorplex Labs |
DeFi、LSD
| | TAO LST Platform |
296
|
159
|
Solv is a Decentralized Bitcoin Staking Protocol to unlock the full potential of Bitcoin assets through a liquidity consensus infrastructure. By addressing the fragmentation of BTC assets, yield opportunities, and custody solutions, Solv offers Bitcoin holders a gateway to BTCFi, continuously builds pathways and confidence for traditional funds to enter the crypto world.
Solv Protocol |
DeFi、LSD、Bitcoin Ecosystem
| | Decentralized Bitcoin Staking Protocol |
1.04 K
|
158
|
Aave is a decentralized finance protocol for borrowing and lending, where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. AAVE is used as the center of gravity of Aave Protocol governance, allowing users to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Additionally, AAVE can be staked within the protocol's Safety Module to provide security/insurance to the protocol and depositors. Stakers earn staking rewards and fees from the protocol.
Aave |
DeFi、Lending、Stablecoin Protocol
| | Decentralized lending-borrowing protocol |
2.98 K
|
158
|
Jupiter is a Solana-based DEX aggregator that aggregates liquidity for traders looking for the best possible prices with minimal slippage. Though Jupiter was initially conceived as a swap engine, the protocol has evolved significantly to include a number of different products for different kinds of users such as: Dollar-Cost Averaging (DCA), limit orders, perpetual trading, and, most recently, a launchpad.
Jupiter |
DeFi、DEX、Derivatives、DEX Aggregator、Perp、Launchpad
| | DEX Aggregator |
1.63 K
|
153
|
Vest is a quantitative research firm developing financial infrastructure that enables real-time, universal risk pricing. As a neutral and verifiable intermediary, Vest will enable participants to share risk data without exposing proprietary information, leading to greater capital efficiency, improved liquidity provisioning, fairer pricing, and more accurate risk assessments across lending, trading, and credit markets. As a first proof of concept, Vest is launching a perpetual futures exchange to demonstrate how universal risk assessment enables a fair, predictable, and liquid trading environment.
Vest Exchange |
DeFi、Derivatives、Perp
| -- | Universal risk pricing infrastructure |
174
|
147
|
Malda is a lending/borrowing protocol base on Linea. Mendi Finance provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial. Similar to (and based from) existing lending platforms like Compound Finance and AAVE users will be able to lend any supported assets on the platform, and use their capital to borrow supported assets.
Malda |
DeFi、Lending
| | Decentralized lending-borrowing protocol |
153
|
146
|
Ethereal is a decentralized spot and perpetual DEX based on Ethena. Ethereal aims to fully utilize the power of USDe within a high performance onchain finance environment to provide users with a one-stop-shop for all their core DeFi needs in a single vertically integrated application.
Ethereal |
DeFi、DEX、Derivatives、Perp
| | Decentralized spot and perpetuals DEX |
209
|
137
|
Injective is an interoperable layer one blockchain powering next-generation DeFi applications. It uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm.
Injective |
DeFi、Infra、Layer1、Derivatives
| | Layer1 Blockchain Optimized for DeFi Applications |
1.4 K
|
136
|
Definitive is an execution platform and API for DeFi, offering non-custodial smart contracts and automation services across many DeFi protocols. Every Definitive smart contract is backed by a powerful and proprietary off-chain engine. Together, they work in tandem to streamline DeFi execution for end users, from complex yield strategies to high frequency trading algorithms.
Definitive |
DeFi
| | Execution platform and API for DeFi |
361
|
135
|
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero-price impact trades. Trading is supported by a unique multi-asset pool that earns fees from market making, swap fees, and leverage trading for liquidity providers.
GMX |
DeFi、Derivatives、Perp
| | Decentralized derivatives protocol |
1 K
|
135
|
Chainlink provides smart contract developers with oracle infrastructure and tooling, which aims to provide reliable and accurate data for smart contracts running on blockchains.
Chainlink |
DeFi、Infra、Oracle
| | Oracle infrastructure |
2.49 K
|
132
|
Haedal is a liquid staking protocol built on Sui that allows anyone to stake their SUI tokens to contribute to governance and decentralisation of the Sui blockchain. In the meantime, users will get haSUI in return so that they can continue to participate in DeFi activities to earn additional yields.
Haedal |
DeFi、LSD
| | Liquid staking protocol built on Sui |
371
|
129
|
Lido is a liquid staking solution for blockchains. It enables users to stake their ETH and other proof-of-stake assets without locking their assets or maintaining infrastructure, while participating in on-chain activities such as lending.
Lido |
DeFi、LSD
| | Liquid staking solution |
1.98 K
|
128
|