Ethereum ecosystem in 3D
The Ethereum blockchain as a space station: the four biggest apps of each type are satellites docked to it, sized by the money they hold. Read our full Ethereum review for the background.
- DeFi TVL
- $43.97B
- ETH
- $2,255.54
- Stablecoins
- $140.22B
The 3D view needs WebGL, which your browser doesn't support. The figures below still work.
DeFi deposits over time
Peak: $107.46B in Nov 2021. Today: $43.97B.
Main protocols on Ethereum
The 92 apps with at least $100M on Ethereum. Deposits on Ethereum only; 7-day change shown for apps that run only on Ethereum.
| # | Protocol | Type | TVL on Ethereum | 7 days |
|---|---|---|---|---|
| 1 | Liquid Staking | $21.86B | — | |
| 2 | Lending | $12.68B | — | |
| 3 | Staking Pool | $11.77B | -2.9% | |
| 4 | Liquid Staking | $8.17B | — | |
| 5 | Bridge | $6.44B | — | |
| 6 | Restaking | $5.78B | -3.3% | |
| 7 | Stablecoins (CDP) | $5.03B | -9.6% | |
| 8 | Lending | $4.98B | — | |
| 9 | Lending | $4.93B | — | |
| 10 | Basis Trading | $4.50B | -1.9% | |
| 11 | Liquid Staking | $4.31B | — | |
| 12 | Canonical Bridge | $3.32B | +2.7% | |
| 13 | Bridge | $3.12B | -2.4% | |
| 14 | Canonical Bridge | $2.83B | -0.0% | |
| 15 | Canonical Bridge | $2.67B | +1.5% | |
| 16 | Yield vaults | $2.21B | — | |
| 17 | Basis Trading | $1.66B | -3.3% | |
| 18 | Bridge | $1.45B | — | |
| 19 | Risk Curators | $1.30B | — | |
| 20 | Lending | $1.19B | — | |
| 21 | Bridge | $1.18B | — | |
| 22 | Yield vaults | $1.14B | — | |
| 23 | Liquid Staking | $1.09B | -4.3% | |
| 24 | Staking Pool | $1.06B | +6.9% | |
| 25 | DEXs | $1.06B | — | |
| 26 | Yield | $914.0M | — | |
| 27 | Liquid Staking | $867.2M | — | |
| 28 | Liquid Restaking | $858.2M | -5.0% | |
| 29 | DEXs | $831.7M | — | |
| 30 | DEXs | $784.5M | — | |
| 31 | Yield | $770.2M | — | |
| 32 | Privacy | $718.9M | — | |
| 33 | DEXs | $706.0M | — | |
| 34 | Risk Curators | $689.0M | — | |
| 35 | Liquid Staking | $617.5M | -2.0% | |
| 36 | Canonical Bridge | $591.8M | -4.1% | |
| 37 | Yield vaults | $584.7M | — | |
| 38 | Bridge | $583.0M | — | |
| 39 | Canonical Bridge | $565.8M | — | |
| 40 | Liquid Staking | $532.1M | -1.7% | |
| 41 | Yield | $512.9M | — | |
| 42 | RWA | $484.4M | +1.6% | |
| 43 | Lending | $480.0M | — | |
| 44 | RWA | $474.7M | — | |
| 45 | Liquid Staking | $444.9M | -1.7% | |
| 46 | Lending | $433.3M | — | |
| 47 | Yield vaults | $432.3M | — | |
| 48 | Yield vaults | $378.0M | -1.0% | |
| 49 | Risk Curators | $355.2M | — | |
| 50 | Canonical Bridge | $352.3M | -13.3% | |
| 51 | CDP Manager | $346.0M | — | |
| 52 | Lending | $324.3M | — | |
| 53 | Risk Curators | $315.0M | — | |
| 54 | Collateral Markets | $308.7M | -2.3% | |
| 55 | Canonical Bridge | $259.7M | +3.3% | |
| 56 | Yield vaults | $252.9M | — | |
| 57 | Canonical Bridge | $244.1M | -4.2% | |
| 58 | Yield vaults | $242.9M | — | |
| 59 | Lending | $223.3M | -1.9% | |
| 60 | Canonical Bridge | $222.2M | -4.5% | |
| 61 | Stablecoin Issuer | $219.1M | +4.1% | |
| 62 | Lending | $218.1M | -13.3% | |
| 63 | Yield Aggregator | $194.2M | — | |
| 64 | Yield Aggregator | $190.4M | -6.1% | |
| 65 | Lending | $186.8M | -6.5% | |
| 66 | Risk Curators | $186.0M | — | |
| 67 | DEXs | $176.4M | — | |
| 68 | Options | $176.3M | +1.0% | |
| 69 | Liquid Staking | $165.6M | — | |
| 70 | Stablecoins (CDP) | $157.0M | -3.9% | |
| 71 | Risk Curators | $148.1M | — | |
| 72 | Lending | $147.7M | — | |
| 73 | Bridge | $147.5M | — | |
| 74 | Stablecoin Wrapper | $145.0M | -7.1% | |
| 75 | Yield vaults | $139.2M | — | |
| 76 | Yield Aggregator | $133.4M | — | |
| 77 | Canonical Bridge | $133.4M | — | |
| 78 | RWA | $132.2M | +0.0% | |
| 79 | Yield | $126.1M | — | |
| 80 | Stablecoins (CDP) | $125.2M | -6.5% | |
| 81 | Canonical Bridge | $122.8M | +9.1% | |
| 82 | Privacy | $122.2M | -10.5% | |
| 83 | Lending | $121.2M | — | |
| 84 | RWA | $120.1M | — | |
| 85 | Bridge | $119.4M | — | |
| 86 | Bridge | $117.8M | — | |
| 87 | Yield | $111.5M | — | |
| 88 | Liquid Staking | $111.3M | — | |
| 89 | Leveraged Farming | $109.6M | -4.3% | |
| 90 | Dual-Token Stablecoin | $105.3M | -1.8% | |
| 91 | Canonical Bridge | $105.2M | -1.7% | |
| 92 | Privacy | $105.1M | — |
Where the money sits
DeFi deposits by type of app, for the apps above. These can add up to more than the headline TVL because some money is counted twice — for example, a staked token that is then deposited in a lending app.
Top exchanges by volume
Trading volume on Ethereum's DEXs in the last 24 hours.
How the pieces connect
A typical path money takes through Ethereum DeFi. Each step uses what the previous one produced.
- 1
Stake
Stake ETH and get a liquid token back that keeps earning staking rewards.
Lido (stETH)ether.fiRocket PoolBinance ETH - 2
Restake
Reuse staked ETH to secure other services for extra rewards (and extra risk).
EigenCloudSymbioticKelp - 3
Borrow
Deposit ETH or staked ETH as collateral and borrow stablecoins.
AaveSparkMorphoSky - 4
Trade & earn
Swap on DEXs, or earn on stablecoins through savings and yield markets.
UniswapCurvePendleEthena
Underneath it all: stablecoins (USDT, USDC, USDe, USDS). About half of all stablecoin dollars live on Ethereum.
Beyond DeFi
Layer 2s
Networks such as Base, Arbitrum and Optimism run transactions cheaply and settle them on Ethereum.
MetaMask
The best-known Ethereum wallet, as a browser extension and mobile app.
Safe
Multi-signature wallets used by companies, DAOs and funds to protect large holdings.
ENS
Readable names such as alice.eth instead of long wallet addresses.
Chainlink
Price feeds and data that lending and trading apps rely on.
Flashbots
Tools that shape how blocks are built and protect users from some front-running.
BUIDL
BlackRock's tokenized money-market fund, launched on Ethereum.
JPM Coin
JPMorgan's deposit token, brought to the public Ethereum network in 2026.
Best stablecoin yields
Pools with more than $10M deposited. Rewards are paid in tokens and can change daily.
| Protocol | Pool | APY | Deposits |
|---|---|---|---|
| Pendle V2 | APYUSD | 17.3% | $17.8M |
| Axis | SUSDX | 15.7% | $53.2M |
| Pendle V2 | APYUSD | 15.4% | $17.8M |
| Ember | USDC | 14.5% | $17.9M |
| Saturn | SUSDAT | 13.6% | $37.5M |
| Upshift | XUPUSDC | 13.2% | $15.2M |
| Apyx Protocol | APXUSD | 13.1% | $151.5M |
| JUSD Finance | JUSD | 12.2% | $14.5M |
| Accountable | USDC | 12.1% | $14.2M |
| Pendle V2 | REUSD | 12.1% | $13.2M |
Not financial advice. Higher yields usually mean higher risk.
The ETH token
No maximum supply. New ETH goes to stakers, and part of every fee is burned. All-time high $4,946.05 (Aug 2025).
- Supply
- 122.2M ETH
- Staked
- About a third of all ETH
- Staking yield
- About 3% a year
- Supply growth
- Under 1% a year
When the network is very busy, more ETH is burned than created and the supply shrinks. Since fees fell in 2024, it has been growing slowly again.
Key moments
- Jul 2015Ethereum launches.
- Jun 2016The DAO is hacked; Ethereum hard-forks to return the funds, and Ethereum Classic splits off.
- Jun 2020"DeFi summer": lending and trading apps take off.
- Aug 2021Fee burning (EIP-1559) begins.
- Sep 2022The Merge: Ethereum switches to proof of stake and cuts energy use by over 99.9%.
- Mar 2024Dencun upgrade makes Layer 2 transactions much cheaper.
- Jul 2024First US spot ETH ETFs.
- May 2025Pectra upgrade: smarter wallets, larger validators.
- Aug 2025ETH reaches its all-time high of about $4,950.
- Dec 2025Fusaka upgrade (PeerDAS) raises Layer 2 capacity.
- Oct 2026Glamsterdam upgrade on test networks; no mainnet date yet.
Ethereum vs. Solana vs. BNB Chain
This dashboard is for information only and is not financial advice. Figures from third-party sources may be delayed or revised.