DeFi on Monad
As of 23 Oct 2026, DeFi value locked on Monad is $985.1M. DeFi value locked on Monad: DefiLlama's chain total, measured differently from our DeFi headline. 27 of the protocols we track are deployed there; Aave V3 is the largest with $349.6M on Monad. For 7 of them, Monad is their largest deployment.
- DeFi value locked on Monad (DefiLlama chain total)
- $985.1M
- Protocols listed below
- 27
- Main chain for
- 7
Largest protocols on Monad
All protocols on Monad
| # | Protocol | On chain | Sector | Value locked | 7d | Fees/day |
|---|---|---|---|---|---|---|
| 1 |  Aave V3 | $349.6M | Lending | $16.98B | 0.0% | $1.12M |
| 2 |  Euler V2 | $201.5M | Lending | $283.5M | −1.4% | $55.29K |
| 3 |  Morpho Blue | $173.1M | Lending | $11.25B | +2.0% | $767.3K |
| 4 |  Pendle V2 | $159.5M | Yield | $1.06B | −4.5% | $16.44K |
| 5 |  Curvance | $131.0M | Lending | $131.0M | +29.0% | $11.55K |
| 6 |  Reservoir Protocol | $60.87M | CDPs | $68.85M | −1.1% | $17.92K |
| 7 |  Uniswap V4 | $29.01M | DEXs | $1.52B | +10.0% | $1.37M |
| 8 |  Curve DEX | $9.68M | DEXs | $1.19B | −2.1% | $83.40K |
| 9 |  Yuzu Money | $7.62M | Yield | $77.08M | −3.7% | $18.75K |
| 10 |  Neverland | $6.57M | Lending | $6.57M | −12.7% | $1.80K |
| 11 |  infiniFi | $4.62M | Yield | $68.75M | +5.6% | $13.50K |
| 12 |  Mento V3 | $3.67M | DEXs | $4.18M | −4.0% | $85 |
| 13 |  Balancer V3 | $3.66M | DEXs | $18.31M | −6.1% | $1.21K |
| 14 |  Perpl | $3.30M | Derivatives | $3.30M | −0.1% | $4.98K |
| 15 |  Uniswap V3 | $2.73M | DEXs | $1.64B | +2.8% | $851.0K |
| 16 |  LeverUp | $2.38M | Derivatives | $2.38M | −1.8% | $766 |
| 17 |  PancakeSwap AMM V3 | $1.31M | DEXs | $746.2M | +125.7% | $218.9K |
| 18 |  Mento V2 | $707.6K | Algorithmic stablecoins | $8.97M | −1.0% | $6 |
| 19 |  Gearbox | $272.1K | Lending | $23.45M | +2.8% | $130 |
| 20 |  Uniswap V2 | $196.0K | DEXs | $935.6M | −2.0% | $44.55K |
| 21 |  Folks Finance xChain | $192.0K | Lending | $4.07M | −12.1% | $353 |
| 22 |  WOOFi Swap | $74.07K | DEXs | $3.43M | −1.0% | – |
| 23 |  Metric V1 | $40.00K | DEXs | $17.42M | +130.7% | – |
| 24 |  Joe DEX | $30.06K | DEXs | $10.12M | −6.5% | $578 |
| 25 |  Joe V2.2 | $10.34K | DEXs | $2.09M | −14.7% | $803 |
| 26 |  NOXA Fun | $3.25K | Launchpads | $3.69M | −5.2% | $6.98K |
| 27 |  Flap sh | $2.81K | Launchpads | $3.72M | +4.8% | $722.1K |
Not in the Monad total
| # | Protocol | On chain | Sector | Value locked |
|---|---|---|---|---|
| 1 |  Hyperithm | $188.2M | Risk curators | $261.8M |
| 2 |  K3 Capital | $177.0M | Risk curators | $222.9M |
| 3 |  Valos | $105.9M | Real-world assets | $105.9M |
| 4 |  Veda | $42.04M | On-chain capital allocators | $1.83B |
| 5 |  Steakhouse Financial | $27.60M | Risk curators | $2.58B |
| 6 |  Upshift | $21.08M | On-chain capital allocators | $387.4M |
| 7 |  Gamma Research | $18.66M | Risk curators | $18.66M |
| 8 |  RockawayX | $14.67M | Risk curators | $279.6M |
| 9 |  Clearstar | $13.45M | Risk curators | $223.5M |
| 10 |  August Digital | $11.54M | Risk curators | $11.80M |
| 11 |  Agua | $9.09M | On-chain capital allocators | $20.60M |
| 12 |  SharpByte Capital | $9.00M | Risk curators | $11.23M |
| 13 |  ShMonad | $7.81M | Liquid staking | $7.81M |
| 14 |  Theo Network thBill | $7.21M | Real-world assets | $11.23M |
| 15 |  Beefy | $6.13M | Yield aggregators | $107.6M |
| 16 |  Y10K Capital | $5.58M | Risk curators | $34.25M |
| 17 |  Unit | $2.32M | Bridges | $977.3M |
| 18 |  vfat.io | $1.15M | Yield aggregators | $32.62M |
| 19 |  Ember | $999.5K | Real-world assets | $106.8M |
| 20 |  UltraYield Curator | $423.8K | Risk curators | $49.84M |
| 21 |  NEAR Intents | $144.6K | Bridges | $209.1M |
| 22 |  alphagrowth | $21.20K | Risk curators | $7.19M |
| 23 |  Mellow Core | $16.09K | On-chain capital allocators | $259.2M |
| 24 |  Renzo | $14.98K | Liquid restaking | $110.0M |
| 25 |  Symbiosis | $10.79K | Bridges | $7.81M |
| 26 |  Neutral Trade | $10.00K | On-chain capital allocators | $23.27M |
| 27 |  Tulipa Capital | $1.90K | Risk curators | $61.53M |
