Best of · Monad · Updated
The best Lending dApps on Monad in 2026
We track 11 Lending dApps that run on Monad and have reviewed 10 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
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% - 4
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% - 5
Curvance
Lending · Monad
Curvance is a lending protocol on Monad that lets users deposit crypto, borrow against it and use one-click leverage. It has sizeable TVL and two listed audits, but a short track record and unpublished fee details.
ScoreScore 7.0 out of 10TVL $135M+1.0% - 6
Neverland
Lending · Monad
Neverland is a Monad-native lending protocol built on Aave V3 technology, with vote-escrow governance and self-repaying loans. It has about $5.3M in TVL, and the main caveat is its small size on a young chain.
ScoreScore 6.8 out of 10TVL $5.33M−10.2% - 7
Townsquare
Lending · BNB Chain, Base, Monad
TownSquare is a cross-chain, non-custodial lending protocol that also originates and curates tokenized private credit. It suits users who want RWA yield and accept the added credit and counterparty risk.
ScoreScore 6.4 out of 10TVL — - 8
Sumer.money
Lending · Berachain, Goat, Base +10
Sumer.money is a cross-chain lending and borrowing protocol that issues synthetic assets called suTokens. It is live on 13 chains but holds a small amount of value, so treat it as a niche, higher-risk DeFi venue.
ScoreScore 5.5 out of 10TVL $679K−0.8% - 9
Covenant
Lending · Monad
Covenant is a tranching layer on Monad that splits a tokenized asset into a fixed-rate Yield Coin and a leveraged Leverage Coin. It is very new and small, so treat it as an early-stage experiment.
ScoreScore 5.5 out of 10TVL $39.8K−2.6% - 10
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.
ScoreScore 5.0 out of 10TVL $3.49M−6.2% - 11
K613
Lending · Monad
K613 is described as an over-collateralized lending protocol forked from Aave V3 and running on Monad. Its limited published details and lack of listed audits make it difficult to assess before use.
ScoreNot rated yetTVL $378−0.6%
Lending dApps on Monad: the numbers
- Tracked
- 11
- Reviewed
- 11
- Total TVL
- $27.1B
- Avg. score
- 6.8/10
The DappsAtlas index lists 11 lending dApps on Monad. Every one of them has a full review. The 10 that report TVL hold $27.1B between them, counting value on every chain they support. Aave V3 dominates, with 58% of that total. The five largest make up 100% of the total; the median is $5.33M.
Ranked by TVL, Aave V3 ($15.8B), Morpho Blue ($10.9B) and Euler V2 ($283M) lead the field. 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. The 10 rated lending dApps average 6.8/10; 3 reach 8 or above.
Many also deploy elsewhere, most often on BNB Chain (7), Ethereum (6) and Base (6). All 10 with a confirmed status are active. Over the last seven days, combined TVL rose 2.8%. Euler V2 gained the most (+5.5%), while Neverland dropped the most (−10.2%).
Largest by TVL
- 1
Aave V3$15.8B
- 2
Morpho Blue$10.9B
- 3
Euler V2$283M
- 4
Curvance$135M
- 5
Gearbox$22.2M
Highest rated
- 1
- 2
- 3
- 4
- 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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Aave Guide 2026: How the DeFi Lending Protocol WorksAave is a non-custodial lending protocol where you can earn interest on crypto you deposit or borrow against your collateral. This guide explains how it works, what can go wrong, and how to use it with care in 2026.
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Aave in 2026: How the Lending Protocol Grew and What Comes NextAave is one of the longest-running lending markets in decentralised finance. This guide explains how it works, how it grew, what the AAVE token and GHO do, the risks to weigh, and how to follow its next version.
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BiFi and Next-Generation DeFi Lending: What Is Confirmed in 2026Public public reporting do not confirm the details of a BiFi lending launch, so this guide separates what is documented about BIFI and Beefy Finance from what still needs an official source. It also explains how DeFi lending works and how to judge any new lending product before you deposit.
Frequently asked questions
What is the largest lending dApp on Monad by TVL?
Aave V3 is the largest lending dApp on Monad by total value locked, with $15.8B across all the chains it supports. It is followed by Morpho Blue ($10.9B) and Euler V2 ($283M). TVL figures come from DefiLlama and change daily.
Which lending dApp on Monad 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 Monad has DappsAtlas reviewed?
DappsAtlas tracks 11 lending dApps on Monad. Of these, 11 have a full review and 10 report value locked, $27.1B in total, counting value on every chain they support.
Which lending dApps on Monad grew the most this week?
What is the average score for lending dApps on Monad?
The 10 rated lending dApps on Monad average 6.8 out of 10. Of these, 3 score 8 or higher and 0 score below 5.