Utexo is a Bitcoin-native infrastructure platform focused on enabling stablecoin payments and financial applications directly on the Bitcoin network. Built on top of the RGB protocol and the Lightning Network, Utexo provides infrastructure for private, non-custodial, and instant transactions while preserving Bitcoin’s security model.
Utexo
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DeFi、Payment
| | Bitcoin-native infrastructure platform |
441
|
413
|
QFEX is an hybrid perpetual exchange to allow high leverage, performant trading on traditional financial assets. Markets on QFEX operate 24/7 like crypto venues, with external market makers, allowing users to trade outside of market hours.
QFEX
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DeFi、Derivatives、Perp
| -- | Hybrid perpetual exchange |
648
|
317
|
Apyx is a stablecoin protocol aimming to translate dividend streams generated on public company balance sheets into onchain yield, offering stable, yield-bearing exposure.
Apyx
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DeFi、Stablecoin Protocol
| -- | Stablecoin Protocol |
264
|
218
|
BlockStreet is the first DeFi protocol built for tokenized stock utility, delivering decentralized lending, leverage, and yield opportunities .
Block Street
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DeFi、Lending、RWA、Digital Securities
| | DeFi protocol built for tokenized stock utility |
496
|
202
|
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 |
1,530
|
173
|
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
|
DeFi、DEX、Perp
| | Next-Generation Decentralized Perpetual Exchange |
1,136
|
160
|
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
|
DeFi、Lending、Stablecoin Protocol
| | Chain Abstraction Stablecoin System |
598
|
158
|
xStocks is a tokenized stock issuance platform. All xStocks tokens are freely transferable. They can be used in lending agreements, DEX or any DeFi application. Powered by Backed.
xStocks
|
DeFi、RWA、Digital Securities
| | Tokenized stock issuance platform |
575
|
154
|
Ferra is the dynamic liquidity layer built natively on the SUI network, delivering deep, flexible, and capital-efficient liquidity for DeFi builders, liquidity providers, and token projects. At its core, Ferra combines three advanced AMM engines: DLMM, CLMM, and DAMM with a comprehensive toolkit that includes a DBC - The Dynamic Bonding Curve for effortless token launches, an internal Pool & DEX Aggregator for best-price routing, and a fully documented API/SDK for seamless integration across the Sui ecosystem.
Ferra
|
DeFi、DEX
| | Dynamic liquidity layer built on SUI |
238
|
153
|
Supernova is an on-chain interest rate swap platform that leverages fixed-rate and term loans offered by existing money markets, including Aave and Morpho, and allows users to trade interest rates in real time in the market.
Supernova
|
DeFi、Lending、Fixed Interest Rate Lending
| -- | On-chain Rate Swap Platform |
379
|
148
|
Resolv is a delta-neutral stablecoin protocol revolves around tokenizing a market-neutral portfolio. The architecture is based on an economically viable and fiat-independent yield source. This allows to distribute competitive returns to liquidity providers of the protocol.
Resolv
|
DeFi、Stablecoin Protocol
| | Delta-neutral stablecoin protocol |
495
|
145
|
edgeX is a high-performance, orderbook-based Perp Dex with native trading experience.
edgeX
|
DeFi、Derivatives、Perp
| -- | Orderbook-based Perp Dex |
600
|
137
|
Founded in April 2024, Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. Lombard enables the yield-bearing BTC to move cross-chain without fragmenting liquidity, paving the way to become the single largest catalyst for onboarding net new capital into DeFi. Its flagship product, LBTC—a yield-bearing, cross-chain, liquid Bitcoin backed 1:1 by BTC.
Lombard
|
DeFi、Yield optimizer
| | Connecting Bitcoin to DeFi with LBTC |
780
|
134
|
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
|
DeFi、Lending、Stablecoin Protocol
| -- | Crypto Lending Platform |
1,746
|
131
|
Paradex is a crypto-derivatives exchange launching on Starknet’s first Appchain. Paradex will offer perpetual futures trading with deep liquidity, capital efficiency and performance while remaining transparent and self-custodial. Paradex was incubated by the team at Paradigm, the largest institutional liquidity network in crypto.
Paradex
|
DeFi、Derivatives、Appchain
| | Cryptocurrency derivatives exchange |
437
|
130
|
Huma Finance is a PayFi network powers financing of global payments, with instant access to liquidity anywhere, anytime.
Huma Finance
|
DeFi、Lending、RWA、Payment
| -- | PayFi network |
674
|
130
|
Based is a cryptocurrency trading and consumption platform that allows users to trade spot and perpetual contracts on Hyperliquid.
Based
|
DeFi、Infra、Crypto Card
| | Omni-channel trading platform |
689
|
129
|
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
|
DeFi、Derivatives、Perp
| | Synthetic derivatives protocol |
770
|
128
|
Genius is the on-chain trading terminal for all of Pro DeFi. Swap, ape, copy, and take out leveraged positions on over 10 chains, including BNB and Solana. Beyond the memecoin era, Genius’s long-term focus is enabling private transactions on any chain, at scale, without the need for ZK proof generation, in a single, consolidated terminal across all of DeFi—no matter where the user lives.
Genius
|
DeFi、DEX
| | On-chain trading terminal |
571
|
123
|
Odyssey Finance is a DeFi superapp with leveraged yield, curated vaults, and advanced trading capabilities. It consolidates independent protocols into a unified SCA, simplifying the user interface and improving efficiency.
Odyssey Finance
|
DeFi、DEX、Derivatives
| -- | DeFi superapp |
219
|
122
|
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 |
1,438
|
122
|
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 |
1,356
|
121
|
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
|
DeFi、Derivatives、Perp
| | Perpetual trading protocol |
1,204
|
120
|
Curve Finance is a decentralized exchange optimized for low slippage swaps between stablecoins or similar assets that peg to the same value, such as wBTC and renBTC. The protocol has an Automated Market Maker which was designed to give DeFi users low slippage and provide steady fee revenue to liquidity providers.
Curve
|
DeFi、DEX、StableSwap
| | Decentralized Exchange |
916
|
119
|
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
|
DeFi、Chain Abstract、Intent
| | Intent engine powering the intent-centric future |
599
|
117
|
Everything is a trading tool fully integrated into Telegram, integrating perpetual futures, spot markets, prediction markets and payments into one platform.
Everything
|
DeFi、Tools
| -- | Telegram-based trading tool |
281
|
116
|
GoDark is a cryptocurrency trading dark pool with fast execution speeds and privacy.
GoDark
|
DeFi、DEX、Privacy
| -- | Cryptocurrency trading dark pool |
|
115
|
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 |
969
|
115
|
JPYC is a stablecoin pegged to the Japanese Yen that supports NFT purchases and the exchange of crypto assets for real-world goods. JPYC is committed to providing compliant Japanese Yen stablecoin issuance and operation services.
JPYC
|
DeFi、Stablecoin Protocol
| | Japanese Yen stablecoin |
260
|
114
|
DreamCash is a decentralized trading platform on Hyperliquid.
Dreamcash
|
DeFi
| | Decentralized Trading Platform |
540
|
114
|