Best of · Ethereum · Updated
The best Onchain Capital Allocators on Ethereum in 2026
We track 49 Onchain Capital Allocators that run on Ethereum and have reviewed 42 of them in full. Our top pick is Spark Liquidity Layer. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
Spark Liquidity Layer
Onchain Capital Allocator · Ethereum, Base, Arbitrum +5
The Spark Liquidity Layer automates the deployment of Sky-issued stablecoins such as USDS, sUSDS and USDC across chains, DeFi protocols and real-world asset strategies. It is large by TVL, but it is institutional infrastructure rather than a product most people use directly.
ScoreScore 7.6 out of 10TVL $2.81B+3.7% - 2
Veda
Onchain Capital Allocator · Ink, Ethereum, Optimism +10
Veda is a vault infrastructure platform that lets exchanges, wallets and protocols offer yield products to their users. It has about $1.79 billion in TVL on DefiLlama, but it is built for businesses rather than retail depositors.
ScoreScore 7.6 out of 10TVL $1.71B−2.7% - 3
Neutral Trade
Onchain Capital Allocator · Solana, Robinhood Chain, Ethereum +1
Neutral Trade is an on-chain marketplace of quant vaults run by KYB-verified trading firms, with deposits from $100. It gives retail access to hedge-fund-style strategies, but returns depend on off-chain managers and venues.
ScoreScore 7.4 out of 10TVL $22.3M−3.3% - 4
Concrete
Onchain Capital Allocator · Ethereum, Stable, Arbitrum +2
Concrete is an onchain yield platform that runs curated vaults across Ethereum and other chains, with about $1.27B in TVL on DefiLlama. It is large and audited, but the biggest vaults are permissioned and returns are targets, not guarantees.
ScoreScore 7.3 out of 10TVL $1.21B−0.3% - 5
Upshift
Onchain Capital Allocator · Ethereum, Stellar, Flare +11
Upshift is a vault platform, powered by August, that routes stablecoin, BTC, ETH and XRP deposits to third-party strategists for onchain yield. It lists about $464M in TVL across many chains, but returns and risks differ by vault.
ScoreScore 7.3 out of 10TVL $461M+6.9% - 6
Lagoon
Onchain Capital Allocator · Ethereum, Arbitrum, Base +19
Lagoon is vault infrastructure that lets curators launch and run on-chain yield strategies, with about $161M in TVL across 22 chains listed on DefiLlama. It suits users who can assess individual curators, because the strategy risk sits with them.
ScoreScore 7.3 out of 10TVL $157M−0.4% - 7
Aera V3
Onchain Capital Allocator · Morph, Base, Ethereum +2
Aera V3 is an onchain treasury management protocol from the Gauntlet team, holding about $176 million in TVL across five chains. It suits DAOs and treasuries seeking automated strategies, but fees and V3 audit status are not clear from public sources.
ScoreScore 7.2 out of 10TVL $173M−10.6% - 8
Lombard Vaults
Onchain Capital Allocator · Ethereum, Base, BNB Chain +2
Lombard Vaults, marketed as Bitcoin Earn, spreads BTC deposits across isolated sub-vaults run by independent managers. It suits Bitcoin holders who want BTC-denominated yield, but returns are modest and the risk stack is layered.
ScoreScore 7.2 out of 10TVL $69.4M−1.6% - 9
Aera V2
Onchain Capital Allocator · Ethereum, Base, Polygon +1
Aera V2 is an onchain treasury management protocol from the Gauntlet team, built for DAOs that want automated, non-custodial vault strategies. It holds roughly $46.7M in TVL, but the V2 docs are archived and the app is described as closed beta.
ScoreScore 7.2 out of 10TVL $44.5M−0.3% - 10
YieldNest
Onchain Capital Allocator · Ethereum, BNB Chain
YieldNest is a DeFi protocol that bundles restaking, real-world-asset and USD yield strategies into single tokens called MAX vaults. It has two listed audits and an outside risk team, but fees and several yields are not published on the homepage.
ScoreScore 7.1 out of 10TVL $22.8M−0.1% - 11
ether.fi Liquid
Onchain Capital Allocator · Ethereum
ether.fi Liquid is an automated strategy vault that lets ether.fi users put their eETH to work in DeFi. It holds about $405M in TVL on Ethereum, but fees and strategy details are not.
ScoreScore 7.0 out of 10TVL $374M−0.7% - 12
Makina
Onchain Capital Allocator · Ethereum, Base
Makina is vault infrastructure that lets professional Operators run onchain yield strategies, while depositors keep custody of their assets. It suits users who want managed yield and accept manager risk.
ScoreScore 7.0 out of 10TVL $38.8M−2.8% - 13
D2 Finance
Onchain Capital Allocator · Hyperliquid L1, Arbitrum, Base +4
D2 Finance offers actively managed derivatives strategies packaged as ERC4626 vaults on several chains. It targets users who want fund-style exposure on-chain, but returns depend on the managers and fees are not published publicly.
ScoreScore 7.0 out of 10TVL $23.6M−3.8% - 14
Avant avUSD
Onchain Capital Allocator · Avalanche, Ethereum, Monad +7
Avant is a DeFi platform that issues the avUSD stable-value token and the yield-bearing savUSD, with roughly $115 million in TVL listed on DefiLlama. The main takeaway: the yield depends on off-chain-style strategies and partners, so check the transparency pages before depositing.
ScoreScore 6.8 out of 10TVL $109M−5.2% - 15
Solv Strategies
Onchain Capital Allocator · BNB Chain, Avalanche, Ethereum +2
Solv Strategies is a set of curated, automated Bitcoin yield strategies from Solv Protocol that route BTC into DeFi protocols. It holds about $63 million in TVL on DefiLlama, but the yield sources and fees need checking in the app.
ScoreScore 6.8 out of 10TVL $59.3M−3.0% - 16
Spectra MetaVaults Outside V2
Onchain Capital Allocator · Base, Katana, Ethereum +3
Spectra MetaVaults are curated vaults on the Spectra yield protocol that handle pool rollovers automatically. They suit users who want managed exposure without rolling positions by hand, but they carry curator and smart-contract risk.
ScoreScore 6.8 out of 10TVL $3.04M−4.0% - 17
Almanak
Onchain Capital Allocator · Ethereum, Base
Almanak is a non-custodial platform for building, simulating and deploying automated DeFi strategies through AI-assisted agents and Python code. Its design is sound on paper, but on-chain usage is still small.
ScoreScore 6.8 out of 10TVL $263K−0.1% - 18
Mitosis
Onchain Capital Allocator · BNB Chain, Linea, Arbitrum +9
Mitosis is a Layer 1 network that turns liquidity positions into programmable assets usable across chains. Its pitch is clear, but on-chain TVL is small and fee details are not published publicly.
ScoreScore 6.5 out of 10TVL $1.26M−0.5% - 19
Tokemak
Onchain Capital Allocator · Ethereum
Tokemak, now called AUTO Finance, runs Autopools that automatically move liquidity between DeFi pools to chase yield. It suits users who want hands-off LP exposure and accept smart-contract risk.
ScoreScore 6.5 out of 10TVL — - 20
Ufarm Digital
Onchain Capital Allocator · Ethereum, Arbitrum
Ufarm Digital connects professional managers with investors through non-custodial DeFi vaults. Its focus on screened managers and approved protocols is useful, but vault-specific risks, fees, and terms need careful review.
ScoreScore 6.5 out of 10TVL — - 21
Spectra MetaVaults
Onchain Capital Allocator · Base, Flare, Katana +3
Spectra MetaVaults are curated vaults that place deposits into Spectra pools and roll them over automatically as pools expire. They suit users who want hands-off yield, but the curator and smart-contract risk are real.
ScoreScore 6.4 out of 10TVL $6.11M−4.4% - 22
UltraYield Vaults
Onchain Capital Allocator · Ethereum
UltraYield is a vault curator and infrastructure provider on Ethereum that runs market-neutral yield vaults for USD, ETH and BTC deposits. It holds about $22M in TVL, but fees and audit details are not clearly published.
ScoreScore 6.3 out of 10TVL $20.6M−1.7% - 23
MORE Vaults
Onchain Capital Allocator · Flow, Base, Ethereum +2
MORE Vaults is modular omnichain vault infrastructure that lets curators run multichain strategies while depositors hold one receipt token. It is a young, small-TVL product with no listed audits, so treat it as early-stage.
ScoreScore 6.3 out of 10TVL $1.30M−10.7% - 24
Sommelier
Onchain Capital Allocator · Ethereum, Arbitrum, Optimism
Sommelier offers automated, rules-based yield vaults on Ethereum, Arbitrum and Optimism, run by its own validator set rather than a multi-sig. TVL is now under $1 million, so it is a small protocol with a clear design.
ScoreScore 6.3 out of 10TVL $919K−0.0% - 25
Arkonix
Onchain Capital Allocator · Ethereum, Arbitrum
Arkonix is an onchain strategy platform that runs rules-based vaults, with each rebalance attested against a signed mandate before it settles. It targets institutions and allocators, and the main caveat is a very small TVL and no published audits or fees.
ScoreScore 6.3 out of 10TVL $138K−6.8%
Onchain Capital Allocators on Ethereum: the numbers
- Tracked
- 49
- Reviewed
- 49
- Total TVL
- $8.75B
- Avg. score
- 6.4/10
The DappsAtlas index lists 49 onchain capital allocators on Ethereum. Every one of them has a full review. Across the 45 with TVL data, the combined value locked is $8.75B, counting value on every chain they support. Spark Liquidity Layer is the clear leader, holding 32% of it. The five largest make up 83% of the total; the median is $3.08M.
By value locked, the largest onchain capital allocators on Ethereum are Spark Liquidity Layer ($2.81B), Veda ($1.71B) and Concrete ($1.21B). The best-rated is Spark Liquidity Layer with 7.6/10, followed by Veda (7.6) and Neutral Trade (7.4). That makes Spark Liquidity Layer both the biggest and the best-rated. The 39 rated onchain capital allocators average 6.4/10, and none scores 8 or above yet.
Many also deploy elsewhere, most often on Base (22), Arbitrum (22) and Avalanche (11). Of the 45 with a confirmed status, 44 are active and 1 is inactive or wound down. In the past week, total value locked fell 0.6%. Upshift gained the most (+6.9%), while MORE Vaults dropped the most (−10.7%).
Largest by TVL
- 1
Spark Liquidity Layer$2.81B
- 2
Veda$1.71B
- 3
Concrete$1.21B
- 4
Grove Finance$1.11B
- 5
Upshift$461M
Highest rated
- 1
- 2
- 3
Neutral Trade7.4
- 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.
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Frequently asked questions
What is the largest onchain capital allocator on Ethereum by TVL?
Spark Liquidity Layer is the largest onchain capital allocator on Ethereum by total value locked, with $2.81B across all the chains it supports. It is followed by Veda ($1.71B) and Concrete ($1.21B). TVL figures come from DefiLlama and change daily.
Which onchain capital allocator on Ethereum has the highest DappsAtlas score?
Spark Liquidity Layer has the highest score at 7.6/10, ahead of Veda (7.6) and Neutral Trade (7.4). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many onchain capital allocators on Ethereum has DappsAtlas reviewed?
DappsAtlas tracks 49 onchain capital allocators on Ethereum. Of these, 49 have a full review and 45 report value locked, $8.75B in total, counting value on every chain they support.
Which onchain capital allocators on Ethereum grew the most this week?
Among onchain capital allocators with at least $1M locked, Upshift had the biggest 7-day TVL gain (+6.9%) and MORE Vaults the biggest drop (−10.7%). Combined TVL moved −0.6% over the same seven days.
What is the average score for onchain capital allocators on Ethereum?
The 39 rated onchain capital allocators on Ethereum average 6.4 out of 10. Of these, 0 score 8 or higher and 2 score below 5.