NAUT tracks 279 DeFi protocols whose own project description names a lending, DEX or yield product, read on 4 November 2026: 90 lending platforms, 114 DEXes and 75 yield and staking protocols. 188 of the 279 carry a total value locked figure in NAUT's data, $72.96B between them, led by Lido at $21.93B, Morpho at $11.11B and Hyperliquid at $6.33B.
How this list was built, on 4 November 2026: NAUT holds 972 live project rows tagged DeFi that carry a description. 279 of them name a lending, borrowing or credit market product, a DEX, AMM, swap venue or perps exchange, or a yield, vault, farming or liquid staking product in that description, and those 279 are the list. The other 693 stay out, because a DeFi tag on its own says nothing about what a team shipped. Each row sits in the first of the 3 kinds its own description names, lending before DEX before yield, so Lista DAO, whose description names both borrowing against liquid staking tokens and the slisBNB token, sits under lending. Every TVL and trust score here is NAUT's stored value on that date, and a dash means NAUT holds no score for that row yet. In the tables below, the "What it does" column condenses each row's own NAUT description.
What was checked outside NAUT: 10 of the 279 TVL figures, the 10 largest, were put to the protocol's own site or to DefiLlama on 4 November 2026. 1 matched exactly, Compound, where InsideBitcoins reported "As of 4 Nov 2026, Compound V3 holds $1.28B in value locked across 10 chains". Lido's own site showed "$22,288,916,316 TVL", 1.6% above NAUT's stored figure. 7 came back with a different number, and 1, Sanctum, could not be matched to any source that states NAUT's figure. The remaining 269 rows had no TVL check at all, so read every TVL below as NAUT's snapshot on 4 November, not as a live feed.
Which DeFi protocols does NAUT track, and how are they grouped?
3 groups, ranked here by the combined TVL of the rows in each that carry a figure. "Yield" is yield and staking, and "With TVL" counts the rows in that group carrying a figure.
| Category | Rows | With TVL | TVL total | Largest |
|---|---|---|---|---|
| Yield | 75 | 45 | $34.58B |  Lido, $21.93B |
| Lending | 90 | 63 | $29.12B |  Morpho, $11.11B |
| DEX | 114 | 80 | $9.25B |  Hyperliquid, $6.33B |
| All 3 | 279 | 188 | $72.96B | Lido, $21.93B |
The money sits in very few rows. 15 of the 188 hold $1B or more and 40 hold $100M or more, so the median row holds $3.7M. The 30 rows in the 3 tables below, the top 10 by TVL in each category, hold $70.03B, which is 96.0% of the $72.96B.
DeFi lending protocols: which 10 hold the most value?
Ranked by TVL in NAUT's data on 4 November 2026. 7 of these 10 carry a NAUT trust score.
| Protocol | What it does | TVL | Trust |
|---|---|---|---|
| Morpho |
Open lending protocol | $11.11B | 6.1 |
 Spark |
Supply, borrow and save across many assets | $5.27B | 7.2 |
 Sentora |
Crypto lending company, formerly Trident Digital | $2.65B | - |
 Maple |
Pooled capital lent to institutional borrowers | $2.56B | 7.2 |
 Compound |
Supply collateral to borrow a base asset, EVM | $1.28B | 5.7 |
 Kamino |
Credit and liquidity protocol on Solana | $1.22B | - |
 Concrete |
Deposits routed across lending markets into vaults | $1.22B | - |
 Venus |
Money market and synthetic stablecoins on BNB Chain | $1.13B | 4.9 |
 Lista DAO |
Borrow lisUSD against BNB liquid staking tokens | $911.9M | 4.9 |
 Euler Finance |
Lend and borrow almost any asset on Ethereum | $275.2M | 6.8 |
For a BD team selling risk tooling, custody or audits, this is the shortlist where a deal is worth the most: the top 4 rows hold $21.59B between them.
Which DEXes does NAUT track, and what does each one trade?
114 rows name a DEX, AMM, swap venue or perps exchange. These are the 10 largest by TVL on 4 November 2026, and 7 of them carry a trust score.
| DEX | What it does | TVL | Trust |
|---|---|---|---|
| Hyperliquid |
Perps DEX plus its own L1, HyperCore and HyperEVM | $6.33B | 7.5 |
 Curve Finance |
AMM for stablecoin trading | $1.10B | 5.0 |
 Aster |
Cross-chain perps DEX, up to 1001x | $504.4M | - |
 Orca |
DEX on Solana | $281.3M | 6.9 |
 GMX |
Perpetual exchange | $202.4M | 7.0 |
 Meteora |
AMM on Solana with dynamic fees | $145.9M | 5.7 |
 Yieldbasis |
BTC AMM liquidity without impermanent loss | $100.2M | - |
 VVS Finance |
AMM DEX and yield farming on Cronos | $79.4M | - |
 Unitas |
Stablecoin swaps on a delta-neutral engine, Solana | $52.6M | 6.4 |
 Sushi |
AMM DEX across several chains | $35.6M | 5.1 |
The DEX group holds the most rows and the least value: 114 rows and $9.25B, against 75 yield rows and $34.58B. For a founder, that is the crowded end of the market and the one where a listing, a market maker or an aggregator integration is an easier first conversation.
DeFi yield protocols: which 10 hold the most?
Ranked by TVL in NAUT's data on 4 November 2026. 9 of these 10 carry a trust score, the highest share of any group here.
| Protocol | What it does | TVL | Trust |
|---|---|---|---|
| Lido |
Liquid staking for ETH | $21.93B | 6.5 |
 Ether.Fi |
Non-custodial native ETH staking with an LST | $4.30B | 5.7 |
 Falcon Finance |
USDf collateral layer with yield-bearing sUSDf | $1.67B | 7.1 |
 Sanctum |
Liquid staking on Solana | $1.62B | 5.3 |
 Rocket Pool |
Decentralised Ethereum staking protocol | $1.10B | 6.2 |
 StakeWise |
Liquid staking on Ethereum and Gnosis Chain | $874.9M | 5.0 |
 Kelp DAO |
Liquid restaking on EigenLayer, rsETH | $866.1M | 4.9 |
 Solv Protocol |
Bitcoin liquid staking, SolvBTC | $478.5M | 6.0 |
 Lorenzo Protocol |
Yield-bearing tokenized BTC, stBTC and enzoBTC | $466.0M | 7.4 |
 Mellow Protocol |
Curated restaking vaults on Symbiotic | $250.8M | - |
4 of these 10 are built on Bitcoin or ETH restaking rather than plain staking, which tells a founder raising for a BTC yield product who already owns that shelf.
Which DeFi protocols hold the most value overall?
These 12 hold $61.17B of the $72.96B across all 188 rows with a figure, 83.8% of it. 7 of the 12 are lending rows, 4 are yield and staking rows and 1 is a DEX.
What this tells a BD team working DeFi protocols
- Value and headcount sit in different groups. Lending holds 90 rows and $29.12B, so a lending-first list is shorter and richer than a DEX list of 114 rows and $9.25B.
- 91 of the 279 carry no TVL figure on NAUT. Those are the rows where a conversation starts from the product and the team rather than from a number.
- Trust score is a sorting tool, not a verdict: 23 of the 30 rows above carry one, and Hyperliquid at 7.5 is the highest, then Lorenzo Protocol at 7.4 and Maple at 7.2.
- Every row links to a NAUT project page that lists the people NAUT holds for that company and which channels are on file.
- Pick the group that matches your productRisk, audit and oracle sellers start with the 90 lending rows and the $29.12B behind them.
- Sort inside it by TVLThe top 4 lending rows, Morpho, Spark, Sentora and Maple, hold $21.59B.
- Open the NAUT page for eachIt lists the team NAUT holds and the channels on file for each person.
- Pull the rest as JSON1 call returns the DeFi-tagged rows, so your CRM holds the same 279 rows this article does.
What this tells a founder raising for a DeFi product
- Pick the shelf you are not fighting for. 114 DEX rows share $9.25B, while 45 yield rows with a figure share $34.58B.
- Name a figure in your own description. 188 of the 279 rows carry a TVL figure, and the 15 above $1B are the rows an investor screens first.
- Comparables are 1 page away: Kamino at $1.22B and Venus at $1.13B sit in the same band, so a lending pitch can be positioned against rows of a known size.
- Only 1 of the 10 largest figures, Compound's, matched its source exactly on 4 November 2026, so bring your own dated TVL to a raise and say where it came from.
How to reach the teams behind these DeFi protocols
Each of the 30 protocols above links to its NAUT project page, which shows the people NAUT holds for that company, their titles, and which channels NAUT has on file for each of them. Start from the group that matches what you sell, open the top rows by TVL, and work down. NAUT holds an X handle for all 279 rows and a website for 203 of them, so a row with no team listed yet still gives you a first door.
Related reading on NAUT: Decentralized exchanges list: 196 DEXs on NAUT, 37 run perps and Crypto money market protocols: 51 on NAUT, 32 with a live token.
Can you pull this data through the NAUT API?
Yes. GET https://api.naut.so/v1/projects?sector=DeFi&limit=100 returns the DeFi-tagged project rows this article was built from, paged 100 at a time with Authorization: Bearer $NAUT_KEY on every call, and GET https://api.naut.so/v1/projects/morpho returns 1 of them with its team. Each data or search call costs 5 credits, and the Essential plan at $49 a month carries 3,000 credits, which is 600 data calls; every endpoint is documented at https://naut.so/docs/api and the plans at https://naut.so/pricing. Verified Telegram, email and LinkedIn for the people on these project pages unlock on any paid NAUT plan, so start a 7-day trial before you run the list.
DeFi protocols FAQ
What are the biggest DeFi protocols on NAUT?
By TVL in NAUT's data on 4 November 2026, the 5 largest are Lido at $21.93B, Morpho at $11.11B, Hyperliquid at $6.33B, Spark at $5.27B and Ether.Fi at $4.30B. They come from all 3 groups: liquid staking, lending and a perps DEX.
How many DeFi lending protocols, DEXes and yield protocols does NAUT track?
279 project rows tagged DeFi name 1 of those products in their own description, out of 972 DeFi-tagged rows with a description: 90 lending platforms, 114 DEXes and 75 yield and staking protocols, read on 4 November 2026.
How current are these TVL figures?
They are NAUT's stored values on 4 November 2026, and 188 of the 279 rows carry one. 10 of those figures, the 10 largest, were put to the protocol's own site or DefiLlama that day: Compound's matched at $1.28B, Lido's own site showed a figure 1.6% higher, 7 returned a different number and 1 could not be matched, so date any TVL you quote from this page.
Where can I find the teams behind these DeFi protocols and their contact channels?
Each of the 279 rows has a NAUT project page that lists the people NAUT holds for it and which channels are on file, and GET https://api.naut.so/v1/projects/morpho returns 1 company with its team. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open them.
Sources
- NAUT's own data, read on 4 November 2026: 972 live DeFi-tagged project rows with a description, the 279 whose description names a lending, DEX or yield product, and their stored TVL and trust score values.
- Lido: its own site, read 4 November 2026, lido.fi.
- Compound: InsideBitcoins on Compound V3 and APRScope, both read 4 November 2026.