Best of · Avalanche · Updated Nov 6, 2026

The best Lending dApps on Avalanche in 2026

We track 25 Lending dApps that run on Avalanche and have reviewed 22 of them in full. Our top pick is Aave V3. Each one is scored on security, ease of use, fees and features.

1
Aave V3
Lending · Ethereum, Base, Arbitrum +18
Aave V3 is a non-custodial lending protocol where users earn interest on deposits or borrow against collateral, live on 21 chains with about $16B in TVL. It is a long-running, widely used venue, but borrowing carries liquidation and smart-contract risk.
Read the Aave V3 review Visit Aave V3(opens in a new tab)
ScoreScore 8.6 out of 10
TVL $15.8B+5.1%
2
Morpho Blue
Lending · Ethereum, Base, Robinhood Chain +41
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults. It suits users who can assess curator and smart-contract risk themselves.
Read the Morpho Blue review Visit Morpho Blue(opens in a new tab)
ScoreScore 8.0 out of 10
TVL $10.9B−0.5%
3
Euler V2
Lending · Monad, Ethereum, Base +13
Euler V2 is a modular lending protocol where anyone can launch a lending market, listed on DefiLlama with about $268 million in TVL across 16 chains. Its strengths are its security work and flexibility. Risk varies by market.
Read the Euler V2 review Visit Euler V2(opens in a new tab)
ScoreScore 8.0 out of 10
TVL $283M+5.5%
4
Aave V4
Lending · Ethereum, Arc, Avalanche +1
Aave V4 is a modular lending protocol built on a hub-and-spoke design, with about $808M in TVL on DefiLlama. It extends a long-running lending brand, but V4 itself is new.
Read the Aave V4 review Visit Aave V4(opens in a new tab)
ScoreScore 7.8 out of 10
TVL $808M+20.6%
5
Benqi
Lending · Avalanche
Benqi is an Avalanche-native DeFi platform that combines non-custodial lending and borrowing with liquid staking through the sAVAX token. It suits Avalanche users who want yield on AVAX, with the usual smart-contract and market risks.
Read the Benqi review Visit Benqi(opens in a new tab)
ScoreScore 7.6 out of 10
TVL —
6
Aave V2
Lending · Ethereum, Polygon, Avalanche
Aave V2 is one version of the non-custodial Aave lending protocol, live on Ethereum, Polygon and Avalanche with about $103 million in TVL. It is an established design, but newer Aave versions now get the homepage focus.
Read the Aave V2 review Visit Aave V2(opens in a new tab)
ScoreScore 7.3 out of 10
TVL $98.8M−2.5%
7
40 Acres
Lending · Avalanche, Base, Optimism
40 Acres is a DeFi lending platform that lets holders of vote-escrowed DEX NFTs borrow USDC against their future rewards, with no recurring interest and no liquidations. It is a niche product with a clear mechanism, but it depends heavily on a few DEX ecosystems.
Read the 40 Acres review Visit 40 Acres(opens in a new tab)
ScoreScore 7.0 out of 10
TVL $2.40M+0.9%
8
Silo V3
Lending · Injective, Avalanche, XDC +4
Silo V3 is the latest version of Silo Finance, a lending protocol built on permissionless, risk-isolated markets across seven chains. It suits users who accept market-by-market risk, but its TVL is modest.
Read the Silo V3 review Visit Silo V3(opens in a new tab)
ScoreScore 6.9 out of 10
TVL $4.57M+14.4%
9
TermFinance Lend
Lending · Ethereum, Arbitrum, Plasma +2
Term Finance is a DeFi protocol that sets fixed-rate, fixed-term crypto loans through weekly on-chain auctions. It suits users who want predictable rates, but its TVL is small and funds are locked until maturity.
Read the TermFinance Lend review Visit TermFinance Lend(opens in a new tab)
ScoreScore 6.8 out of 10
TVL $3.36M−4.4%
10
TermFinance Vaults
Lending · Avalanche, Ethereum, Plasma +3
TermFinance Vaults is the lender-facing side of Term Finance, a protocol that sets fixed rates for crypto-backed loans through on-chain auctions. It is a niche, small-TVL product that suits users who want predictable rates rather than variable pool yields.
Read the TermFinance Vaults review Visit TermFinance Vaults(opens in a new tab)
ScoreScore 6.8 out of 10
TVL $1.67M+0.3%
11
Secured Finance Lending
Lending · Ethereum, Filecoin, Arbitrum +2
Secured Finance is an on-chain fixed-rate lending and repo platform that uses an order book to set term rates, now aimed at institutions and tokenized collateral. Liquidity is small, so it suits specialists more than casual lenders.
Read the Secured Finance Lending review Visit Secured Finance Lending(opens in a new tab)
ScoreScore 6.8 out of 10
TVL $236K−3.4%
12
Silo V2
Lending · Sonic, Avalanche, Arbitrum +1
Silo V2 is a lending protocol from Silo Finance that offers permissionless, risk-isolated markets on Sonic, Avalanche, Arbitrum and Ethereum. Its TVL is modest at about 4.1 million USD, and the app now highlights a V3 version.
Read the Silo V2 review Visit Silo V2(opens in a new tab)
ScoreScore 6.4 out of 10
TVL $5.16M−1.3%
13
Impermax V2
Lending · Polygon, Ethereum, Base +12
Impermax V2 is a permissionless lending protocol where liquidity providers borrow against their LP tokens to run leveraged yield farms. It is a niche, higher-risk tool with a small current TVL.
Read the Impermax V2 review Visit Impermax V2(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $514K−1.5%
14
dForce Lending
Lending · Ethereum, BNB Chain, Optimism +5
dForce Lending is the money-market arm of the dForce DeFi suite, offering lending and borrowing on eight chains. It has a modest TVL of around $1 million and a security history that includes a past exploit.
Read the dForce Lending review Visit dForce Lending(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $1.07M+4.7%
15
OmniBTC
Lending · Sui, Arbitrum, Base +5
OmniBTC is a cross-chain swap and lending platform listed across eight chains, with a small TVL of about 1.94 million USD and no audits listed. It suits cautious experimenters more than large depositors.
Read the OmniBTC review Visit OmniBTC(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $1.88M−1.7%
16
Tarot
Lending · Base, Optimism, Fantom +10
Tarot is a DeFi lending and leveraged yield protocol where users deposit LP tokens into auto-compounding vaults. It runs on many chains but holds a small amount of value, so the main caution is size and limited published detail.
Read the Tarot review Visit Tarot(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $478K−6.0%
17
Folks Finance xChain
Lending · Avalanche, Polygon, Monad +5
Folks Finance xChain is a cross-chain lending and borrowing app on eight networks. Its website is due to shut down on March 31, 2027, and users are told to withdraw funds before then.
Read the Folks Finance xChain review Visit Folks Finance xChain(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $3.49M−6.2%
18
Beta Finance V1
Lending · Ethereum, Avalanche
Beta Finance V1 is a crypto money market for lending, borrowing and shorting assets on Ethereum and Avalanche. Its basic purpose is clear, but important details about markets, fees and risk controls are not.
Read the Beta Finance V1 review
ScoreScore 5.0 out of 10
TVL $451K−0.1%
19
Iron Bank
Lending · Ethereum, Optimism, Fantom +1
Iron Bank is a DeFi lending protocol that lets whitelisted protocols borrow without collateral. Its capital-efficient model comes with meaningful counterparty risk, and current rates and borrower terms are not published.
Read the Iron Bank review Visit Iron Bank(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $171K−2.8%
20
Prime Protocol
Lending · Celo, Arbitrum, Base +6
Prime Protocol is a cross-chain lending platform that lets users borrow against assets held across supported networks. Its unified collateral approach is useful, but key details on rates, assets, and security controls are not clearly published.
Read the Prime Protocol review Visit Prime Protocol(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $250+0.6%
21
Granary Finance
Lending · Optimism, Metis, Arbitrum +5
Granary Finance is an Aave-inspired lending market that was deployed on eight chains, but it now holds only about $160,300 in TVL and lists no audits. Treat it as a small, high-risk protocol.
Read the Granary Finance review
ScoreScore 3.5 out of 10
TVL $155K−1.0%
22
88mph
Lending · Ethereum, Fantom, Avalanche +1
88mph is a DeFi lending protocol that lets users earn fixed-rate interest on crypto. Current TVL is small, and we could not verify the live site, so treat it with caution.
Read the 88mph review
ScoreNot rated yet
TVL $401K−0.4%
23
Vee Finance
Lending · Avalanche, HECO
Vee Finance is described as a DeFi lending platform for traditional finance and crypto users, with Avalanche and HECO deployments listed. Current access, lending terms and protocol status are unclear.
Read the Vee Finance review
ScoreNot rated yet
TVL $13.3K−0.1%
24
Atlantis Loans
Lending · Avalanche, Dogechain, BNB Chain +1
Atlantis Loans is described as a non-custodial market for supplying and borrowing digital assets. Its basic purpose is clear, but key details such as supported assets, rates, and current access are not established.
Read the Atlantis Loans review
ScoreNot rated yet
TVL —
25
Augmented Finance
Lending · Avalanche, Ethereum, BNB Chain +1
Augmented Finance is described as an AI-enabled DeFi lending protocol for borrowing and lending digital assets. Its current markets, terms and operating status are unclear, so verify the protocol carefully before considering a deposit.
Read the Augmented Finance review
ScoreNot rated yet
TVL —

Lending dApps on Avalanche: the numbers

Tracked: 25
Reviewed: 25
Total TVL: $27.9B
Avg. score: 6.4/10

DappsAtlas tracks 25 lending dApps on Avalanche. Every one of them has a full review. Across the 22 with TVL data, the combined value locked is $27.9B, counting value on every chain they support. Aave V3 dominates, with 57% of that total. The five largest make up 100% of the total; the median is $1.67M.

By value locked, the largest lending dApps on Avalanche are Aave V3 ($15.8B), Morpho Blue ($10.9B) and Aave V4 ($808M). The best-rated is Aave V3 with 8.6/10, followed by Morpho Blue (8.0) and Euler V2 (8.0). That makes Aave V3 both the biggest and the best-rated. Across the 21 rated lending dApps, the average score is 6.4/10 and 3 score 8 or higher.

Beyond Avalanche, these lending dApps most often also run on Ethereum (21), Arbitrum (15) and Base (13). All 18 with a confirmed status are active. Over the last seven days, combined TVL rose 3.2%. Aave V4 gained the most (+20.6%), while Folks Finance xChain dropped the most (−6.2%).

Largest by TVL

1Aave V3$15.8B
2Morpho Blue$10.9B
3Aave V4$808M
4Euler V2$283M
5Aave V2$98.8M

Highest rated

Method

How we ranked them

Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

Guides

Related guides

All guides

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Frequently asked questions

What is the largest lending dApp on Avalanche by TVL?

Aave V3 is the largest lending dApp on Avalanche by total value locked, with $15.8B across all the chains it supports. It is followed by Morpho Blue ($10.9B) and Aave V4 ($808M). TVL figures come from DefiLlama and change daily.

Which lending dApp on Avalanche has the highest DappsAtlas score?

Aave V3 has the highest score at 8.6/10, ahead of Morpho Blue (8.0) and Euler V2 (8.0). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many lending dApps on Avalanche has DappsAtlas reviewed?

DappsAtlas tracks 25 lending dApps on Avalanche. Of these, 25 have a full review and 22 report value locked, $27.9B in total, counting value on every chain they support.

Which lending dApps on Avalanche grew the most this week?

Among lending dApps with at least $1M locked, Aave V4 had the biggest 7-day TVL gain (+20.6%) and Folks Finance xChain the biggest drop (−6.2%). Combined TVL moved +3.2% over the same seven days.

What is the average score for lending dApps on Avalanche?

The 21 rated lending dApps on Avalanche average 6.4 out of 10. Of these, 3 score 8 or higher and 1 score below 5.

Ranked list