Best of · Hyperliquid L1 · Updated
The best Lending dApps on Hyperliquid L1 in 2026
We track 14 Lending dApps that run on Hyperliquid L1 and have reviewed 13 of them in full. Our top pick is Morpho Blue. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
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% - 2
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% - 3
HyperLend Pooled
Lending · Hyperliquid L1
HyperLend is a non-custodial lending and borrowing protocol on Hyperliquid EVM, with about $328M in TVL according to DefiLlama. It is a large venue for its chain, but it is young and tied to a single ecosystem.
ScoreScore 7.3 out of 10TVL $310M−10.9% - 4
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% - 5
HypurrFi Pooled
Lending · Hyperliquid L1
HypurrFi Pooled is a lending market on Hyperliquid that lets users supply assets for yield, borrow against collateral and loop positions. It sits inside a wider app with perps trading and a crypto credit card, and carries standard lending and liquidation risks.
ScoreScore 6.8 out of 10TVL $4.64M−13.5% - 6
Arkis
Lending · Hyperliquid L1, Ethereum
Arkis is a crypto prime broker that offers institutional credit, market access, custody and staking under one portfolio margin. It is built for professional clients, and retail users are explicitly excluded.
ScoreScore 6.5 out of 10TVL $4.86M+7138% - 7
Hyperdrive HL Lending
Lending · Hyperliquid L1
Hyperdrive HL Lending is a stablecoin money market on Hyperliquid's HyperEVM, paired with a HYPE liquid staking token and a Liquid HLP product. It is a focused product with named auditors, but its TVL is small and it now competes with Hyperliquid's native lending.
ScoreScore 6.5 out of 10TVL $606K−10.7% - 8
HypurrFi Isolated
Lending · Hyperliquid L1
HypurrFi Isolated is the set of separate lending markets inside HypurrFi on Hyperliquid, where users supply assets to earn interest or borrow against collateral. Its TVL is small, so it suits users who already work with Hyperliquid and accept the risks of a young protocol.
ScoreScore 6.3 out of 10TVL $350K−14.0% - 9
Teller
Lending · Base, Ethereum, Arbitrum +6
Teller is a DeFi lending protocol where users lend tokens such as USDC to earn yield and borrowers post long-tail crypto as collateral. TVL is under $1 million and no audits are listed, so treat it as a small, higher-risk venue.
ScoreScore 5.8 out of 10TVL $898K+4.5% - 10
HyperLend Isolated
Lending · Hyperliquid L1
HyperLend Isolated is a lending and borrowing market on Hyperliquid EVM, part of the wider HyperLend protocol. It is a small, young market that suits experienced DeFi users who accept smart-contract risk.
ScoreScore 5.5 out of 10TVL $164K−10.9% - 11
Timeswap V2
Lending · Hyperliquid L1, Arbitrum, Base +7
Timeswap V2 is an oracleless lending and borrowing protocol that lets markets be created for any ERC-20 token. It runs on many chains but holds little capital and lists no audits.
ScoreScore 5.2 out of 10TVL $269K−1.7% - 12
PrimeFi
Lending · Hyperliquid L1, Base, XDC
PrimeFi is an omnichain lending and borrowing protocol that lets users supply assets on one supported network and receive a loan on another. It launched on mainnet in September 2025 on Base, HyperEVM and XDC, and its main draw is cross-chain liquidity, not a track record.
ScoreScore 5.2 out of 10TVL $1.47K−0.3% - 13
Impermax V3
Lending · Base, Unichain, Hyperliquid L1 +1
Impermax V3 is a lending protocol where liquidity providers borrow against their LP tokens to run leveraged yield farming. It has two audits, a bug bounty and an exploit post-mortem from 2025, and very little TVL today.
ScoreScore 4.6 out of 10TVL $2.23K−0.7% - 14
HyperYield
Lending · Hyperliquid L1
HyperYield is listed as a lending app on Hyperliquid L1. Its markets, rates, fees and audit details are not clear, so users have little information to assess the lending risks.
ScoreNot rated yetTVL $39.3K−11.3%
Lending dApps on Hyperliquid L1: the numbers
- Tracked
- 14
- Reviewed
- 14
- Total TVL
- $11.5B
- Avg. score
- 6.4/10
There are 14 lending dApps on Hyperliquid L1 in the DappsAtlas index. Every one of them has a full review. Together they hold $11.5B in total value locked, counting value on every chain they support. Morpho Blue dominates, with 95% of that total. The top five account for 100%, while the median lending dApp holds $606K.
Ranked by TVL, Morpho Blue ($10.9B), HyperLend Pooled ($310M) and Euler V2 ($283M) lead the field. On DappsAtlas scores, Morpho Blue ranks first at 8.0/10, ahead of Euler V2 (8.0) and HyperLend Pooled (7.3). That makes Morpho Blue both the biggest and the best-rated. The 13 rated lending dApps average 6.4/10; 2 reach 8 or above.
Beyond Hyperliquid L1, these lending dApps most often also run on Base (7), Ethereum (6) and Arbitrum (6). All 13 with a confirmed status are active. Over the last seven days, combined TVL fell 0.7%. Euler V2 gained the most (+5.5%), while HypurrFi Pooled dropped the most (−13.5%).
Largest by TVL
- 1
Morpho Blue$10.9B
- 2
HyperLend Pooled$310M
- 3
Euler V2$283M
- 4
Arkis$4.86M
- 5
HypurrFi Pooled$4.64M
Highest rated
- 1
- 2
- 3
- 4
TermMax7.0
- 5
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
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Frequently asked questions
What is the largest lending dApp on Hyperliquid L1 by TVL?
Morpho Blue is the largest lending dApp on Hyperliquid L1 by total value locked, with $10.9B across all the chains it supports. It is followed by HyperLend Pooled ($310M) and Euler V2 ($283M). TVL figures come from DefiLlama and change daily.
Which lending dApp on Hyperliquid L1 has the highest DappsAtlas score?
Morpho Blue has the highest score at 8.0/10, ahead of Euler V2 (8.0) and HyperLend Pooled (7.3). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many lending dApps on Hyperliquid L1 has DappsAtlas reviewed?
DappsAtlas tracks 14 lending dApps on Hyperliquid L1. Of these, 14 have a full review and 14 report value locked, $11.5B in total, counting value on every chain they support.
Which lending dApps on Hyperliquid L1 grew the most this week?
Among lending dApps with at least $1M locked, Euler V2 had the biggest 7-day TVL gain (+5.5%) and HypurrFi Pooled the biggest drop (−13.5%). Combined TVL moved −0.7% over the same seven days.
What is the average score for lending dApps on Hyperliquid L1?
The 13 rated lending dApps on Hyperliquid L1 average 6.4 out of 10. Of these, 2 score 8 or higher and 1 score below 5.