Decentralized finance (DeFi) platforms are reshaping global finance by enabling peer-to-peer lending, trading, staking, and stablecoin issuance without traditional intermediaries.
Lido – Leading liquid staking protocol with $20–30B TVL, enabling users to stake ETH while retaining liquidity via stETH tokens across multiple chains.
Aave – Dominant lending and borrowing platform with $13–24B TVL, offering flash loans, variable rates, and multi-chain support on Ethereum, Arbitrum, and Base.
Uniswap – Largest decentralized exchange (DEX) with $5–10B TVL, pioneering automated market maker (AMM) swaps and v4 hooks for customizable liquidity pools.
MakerDAO (Sky) – Decentralized stablecoin issuer behind DAI/USDS, managing $5.5–8.5B in collateralized debt positions and real-world asset integration.
Curve Finance – Specialized stablecoin and low-volatility AMM with $2–3B TVL, optimizing low-slippage swaps for pegged assets across Ethereum and Layer 2s.
Compound – Pioneering lending protocol with $1.8–2.2B TVL, introducing algorithmic interest rates and V3 efficiency for capital-constrained borrowing.
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