Best of · Ethereum · Updated
The best Lending dApps on Ethereum in 2026
We track 127 Lending dApps that run on Ethereum and have reviewed 109 of them in full. Our top pick is Aave V3. Each one is scored on security, ease of use, fees and features.
Ranked list
- 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.
ScoreScore 8.6 out of 10TVL $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.
ScoreScore 8.0 out of 10TVL $10.9B−0.5% - 3
SparkLend
Lending · Ethereum, xDai
SparkLend is a large stablecoin lending market on Ethereum and Gnosis that uses governance-set rates backed by Sky's Liquidity Layer. Its scale is the main draw, though rates and risk depend on governance and the wider Sky system.
ScoreScore 8.0 out of 10TVL $5.04B−0.8% - 4
Compound V3
Lending · Ethereum, Arbitrum, Base +7
Compound V3 is an on-chain lending protocol where users supply a base asset to earn yield or post collateral to borrow it. It has about $1.34B in TVL across ten chains, but borrowers face liquidation risk.
ScoreScore 8.0 out of 10TVL $1.26B−2.3% - 5
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.
ScoreScore 8.0 out of 10TVL $283M+5.5% - 6
Morpho
Lending · Ethereum, Base
Morpho is a decentralized lending protocol on Ethereum and other EVM networks built around isolated, permissionless markets and curated vaults. It suits users comfortable judging risk parameters, and the main caveat is that risk is pushed to the market and vault level.
ScoreScore 8.0 out of 10TVL — - 7
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.
ScoreScore 7.8 out of 10TVL $808M+20.6% - 8
Dolomite
Lending · Ethereum, Arbitrum, Berachain +4
Dolomite is a DeFi money market that lets users lend, borrow and run leveraged strategies across a very wide range of assets. It holds about $185 million in TVL and lists six audits, but leveraged features carry real liquidation risk.
ScoreScore 7.8 out of 10TVL $142M−15.1% - 9
Venus Core Pool
Lending · BNB Chain, Ethereum, Arbitrum +5
Venus Core Pool is a decentralized money market where users supply crypto to earn interest or borrow against collateral, with about $1.18 billion in TVL across eight networks. It is established and widely used, but it carries normal DeFi lending risks.
ScoreScore 7.6 out of 10TVL $1.08B−6.6% - 10
Fluid Lending
Lending · Ethereum, Arbitrum, Plasma +2
Fluid, built by Instadapp, combines lending and a DEX on one liquidity layer and holds about $634 million in TVL across five chains. Its design is distinctive, but audit details and rates need checking on the site.
ScoreScore 7.5 out of 10TVL $619M+1.8% - 11
Compound V2
Lending · Ethereum
Compound V2 is an established Ethereum lending protocol where users supply assets to earn variable yield or borrow against collateral. It holds about $101 million in TVL, but it is the older generation and carries standard liquidation and smart-contract risks.
ScoreScore 7.5 out of 10TVL $95.4M−1.7% - 12
Gearbox
Lending · Ethereum, Etherlink, Monad +8
Gearbox is a credit protocol that lets users lend assets or borrow with up to 10x leverage through isolated credit accounts, and it is now pitching compliant credit for tokenised assets. It suits experienced DeFi users and institutions, not beginners.
ScoreScore 7.4 out of 10TVL $22.2M+1.4% - 13
Compound
Lending · Ethereum
Compound is one of the older DeFi money markets, where users deposit crypto to earn interest or borrow against collateral. It suits users comfortable with smart-contract risk and overcollateralized loans.
ScoreScore 7.4 out of 10TVL — - 14
Venus Protocol
Lending · BNB Chain, Ethereum, Arbitrum +1
Venus is a money market on BNB Chain, with deployments also referenced on Ethereum, Arbitrum and Base, where users supply assets to earn interest or borrow against collateral. It has a long track record and active governance, but a reported March 2026 exploit is a reminder of smart-contract risk.
ScoreScore 7.4 out of 10TVL — - 15
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.
ScoreScore 7.3 out of 10TVL $98.8M−2.5% - 16
Mystic Finance Lending
Lending · Flare, Citrea, Plume +2
Mystic Finance is a modular lending market built on Morpho that lets users supply, borrow, stake and swap, with a focus on tokenized real-world assets. It has meaningful deposits, but its risk depends heavily on curators and RWA collateral.
ScoreScore 7.3 out of 10TVL $31.7M+0.7% - 17
Lista Lending
Lending · BNB Chain, Ethereum
Lista Lending is a vault-based, peer-to-peer lending protocol from ListaDAO that runs on BNB Chain and Ethereum, with about $937 million in TVL. It is a sizable DeFi lending venue, but fee details are not published publicly reviewed.
ScoreScore 7.0 out of 10TVL $911M−2.9% - 18
Curve LlamaLend
Lending · Ethereum, Arbitrum, Fraxtal +1
Curve LlamaLend is Curve's isolated lending market system, built around the crvUSD stablecoin and a soft-liquidation mechanism. It holds about $98.8M in TVL across four chains, but public sources list no audits.
ScoreScore 7.0 out of 10TVL $95.6M−2.5% - 19
Flux Finance
Lending · Ethereum
Flux Finance is a Compound v2 fork on Ethereum where users lend and borrow stablecoins against OUSG, a tokenized US Treasury product from Ondo Finance. It suits users who want a narrow, conservative collateral model and accept its permissioned design.
ScoreScore 7.0 out of 10TVL $43.6M−0.1% - 20
Moonwell Lending
Lending · Base, Ethereum, Optimism +1
Moonwell is an open lending and borrowing protocol on Base, Optimism, Ethereum and Moonbeam, with its own WELL token. DefiLlama lists about 9.1 million USD in TVL, so it is a modest-sized market with two audits listed.
ScoreScore 7.0 out of 10TVL $8.48M−3.7% - 21
Chainflip Lending
Lending · Other, Bitcoin, Ethereum +1
Chainflip Lending is a cross-chain lending market that lets users post native BTC, ETH, SOL or stablecoins on one chain and borrow on another without wrapped tokens or bridges. It is new and small, so the idea is more established than the market.
ScoreScore 7.0 out of 10TVL $4.56M+1.9% - 22
Venus Isolated Pools
Lending · BNB Chain, Ethereum, Arbitrum
Venus Isolated Pools are separate lending markets inside Venus Protocol, each with its own assets and risk settings. The design limits contagion, but TVL is small, at roughly 1.0 million USD.
ScoreScore 7.0 out of 10TVL $966K−3.4% - 23
TermMax
Lending · Ethereum, Berachain, BNB Chain +6
TermMax is a DeFi lending protocol offering fixed-rate borrowing and lending with set maturity dates, plus curator-run vaults. It has a visible security stack, but TVL is small.
ScoreScore 7.0 out of 10TVL $687K−1.3% - 24
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.
ScoreScore 6.9 out of 10TVL $4.57M+14.4% - 25
Fraxlend
Lending · Ethereum, Fraxtal, Arbitrum
Fraxlend is a Frax Finance lending platform where anyone can create an isolated market between a pair of ERC-20 tokens. It has about $22 million in TVL across Ethereum, Fraxtal and Arbitrum, but each market carries its own risk.
ScoreScore 6.8 out of 10TVL $20.7M−0.8%
Lending dApps on Ethereum: the numbers
- Tracked
- 127
- Reviewed
- 127
- Total TVL
- $37.6B
- Avg. score
- 6.0/10
DappsAtlas tracks 127 lending dApps on Ethereum. Every one of them has a full review. Across the 95 with TVL data, the combined value locked is $37.6B, counting value on every chain they support. Aave V3 is the clear leader, holding 42% of it. The top five account for 91%, while the median lending dApp holds $861K.
By value locked, the largest lending dApps on Ethereum are Aave V3 ($15.8B), Morpho Blue ($10.9B) and SparkLend ($5.04B). On DappsAtlas scores, Aave V3 ranks first at 8.6/10, ahead of Morpho Blue (8.0) and SparkLend (8.0). That makes Aave V3 both the biggest and the best-rated. Across the 101 rated lending dApps, the average score is 6.0/10 and 6 score 8 or higher.
Beyond Ethereum, these lending dApps most often also run on Arbitrum (48), Base (43) and BNB Chain (32). Of the 90 with a confirmed status, 84 are active and 6 are inactive or wound down. In the past week, total value locked rose 1.8%. Fira gained the most (+65.5%), while Native Credit Pool dropped the most (−20.3%).
Largest by TVL
- 1
Aave V3$15.8B
- 2
Morpho Blue$10.9B
- 3
SparkLend$5.04B
- 4
Compound V3$1.26B
- 5
Venus Core Pool$1.08B
Highest rated
- 1
- 2
- 3
- 4
- 5
Euler V28.0
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
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Frequently asked questions
What is the largest lending dApp on Ethereum by TVL?
Aave V3 is the largest lending dApp on Ethereum by total value locked, with $15.8B across all the chains it supports. It is followed by Morpho Blue ($10.9B) and SparkLend ($5.04B). TVL figures come from DefiLlama and change daily.
Which lending dApp on Ethereum has the highest DappsAtlas score?
Aave V3 has the highest score at 8.6/10, ahead of Morpho Blue (8.0) and SparkLend (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 Ethereum has DappsAtlas reviewed?
DappsAtlas tracks 127 lending dApps on Ethereum. Of these, 127 have a full review and 95 report value locked, $37.6B in total, counting value on every chain they support.
Which lending dApps on Ethereum grew the most this week?
Among lending dApps with at least $1M locked, Fira had the biggest 7-day TVL gain (+65.5%) and Native Credit Pool the biggest drop (−20.3%). Combined TVL moved +1.8% over the same seven days.
What is the average score for lending dApps on Ethereum?
The 101 rated lending dApps on Ethereum average 6.0 out of 10. Of these, 6 score 8 or higher and 12 score below 5.