Updated Oct 27, 2026 · 09:54 UTC
Real World Assets

DeFi

The DeFi pools and lending markets that hold tokenized stocks, ETFs and commodities: value by asset and by protocol, and the largest pools.

Tokenized market cap
$8.82b
766 assets with live tokens
Spot volume, 24h
$1.40b
token pairs
Derivatives, 24h
$29.95b
21.4× spot
Perp open interest
$10.81b
one side of the book
In DeFi
$280.7m
441 pools and markets
Share of the top 20
0.009%
$6.13b of $67.57t
Value in DeFi · pools and lending markets, from DefiLlama$280.8m
Assets with a token · that has a market value457
Value in DeFi
$280.7m
whole pools, including paired assets
Pools and markets
441
on 41 protocols
Assets with a DeFi venue
59
of 773 with a live token
In lending markets
55%
$153.1m

By asset

AssetPools and marketsValue in DeFiTokenizedDeFi ÷ tokenizedShare of all DeFi
GOLD Gold75$176.7m$4.81b3.7%63%
SPY SPDR S&P 500 ETF Trust24$22.9m$159.4m14%8.2%
NVDA Nvidia Corp38$12.4m$159.2m7.8%4.4%
SPCX SpaceX40$9.5m$289.6m3.3%3.4%
TSLA Tesla, Inc.23$8.3m$133.5m6.2%3.0%
QQQ Invesco QQQ Trust15$7.8m$189.3m4.1%2.8%
GOOGL Alphabet Inc Class A24$7.5m$123.2m6.1%2.7%
CRCL Circle Internet Group Inc8$6.8m$369.5m1.8%2.4%
MSTR MicroStrategy Inc11$6.7m$265.2m2.5%2.4%
AAPL Apple Inc.20$2.5m$34.7m7.1%0.9%
STRC Strategy Stretch Preferred Stock8$2.5m$201.3m1.2%0.9%
GLD SPDR Gold Trust12$2.1m$22.6m9.2%0.7%

By protocol

Value in DeFi by protocol$280.8m↑ 26.4%
  • Aave V3
  • Raydium AMM
  • Uniswap V3
  • Kamino Lend
  • TermMax
  • Uniswap V4
  • Other
Change in value in DeFi by protocol · past 7 daysValue in DeFi on the latest day of the chart beside against the same protocol a week before: prices and deposits together. The 12 protocols that moved most; 29 more moved less.
ProtocolTypePoolsAssetsChainsValueShare
Aave V3Lending111$57.9m21%
Raydium AMMDEX pool137421$40.1m14%
Uniswap V3DEX pool32144$36.2m13%
Kamino LendLending13101$28.1m10%
TermMaxLending111$23.4m8.3%
Uniswap V4DEX pool43193$17.1m6.1%
Uniswap V2DEX pool111$14.7m5.2%
Aave V4Lending211$13.9m5.0%
Jupiter LendLending841$8.6m3.1%
Morpho BlueLending1173$7.1m2.5%
FrankencoinLending1121$6.1m2.2%
BeefyYield Aggregator28143$3.9m1.4%
Lista LendingLending221$3.7m1.3%
Orca DEXDEX pool56241$3.6m1.3%
Fluid LendingLending511$2.6m0.9%
Aerodrome SlipstreamDEX pool22201$2.5m0.9%
Fluid DEXDEX pool111$2.2m0.8%
YO ProtocolYield Aggregator111$2.0m0.7%
SuperformYield Aggregator881$1.3m0.5%
Pendle V2Yield111$1.2m0.4%
MakinaOnchain Capital Allocator771$756k0.3%
Venus Core PoolLending441$457k0.2%
NAVI LendingLending111$441k0.2%
Bluefin SpotDEX pool111$391k0.1%
Alandale V3DEX pool651$351k0.1%
Compound V3Lending111$315k0.1%
Curve DEXDEX pool111$291k0.1%
IPOR FusionOnchain Capital Allocator441$237k0.08%
LayerBankLending551$230k0.08%
Project XDEX pool211$229k0.08%
EkuboDEX pool1091$220k0.08%
Supernova CLDEX pool211$97k0.03%
ArrowfarmLiquidity Manager331$76k0.03%
PancakeSwap AMM V3DEX pool222$47k0.02%
Ripe ProtocolLending111$35k0.01%
HyperSwap V3DEX pool211$34k0.01%
KyberSwap FairFlowYield Aggregator111$23k0.01%
Native Credit PoolLending111$17k0.01%
BorroLending111$14k0.01%
Convex FinanceYield111$12k0.00%

Largest pools and markets

PoolAssetTokenTypeChainValueAPY
Aave V3 XAUTGOLDXAUtLendingEthereum$57.9m—
TermMax XAUTGOLDXAUtLendingEthereum$23.4m—
Uniswap V2 PAXG-WETHGOLDPAXGDEX poolEthereum$14.7m1.88%
Aave V4 XAUTGOLDXAUtLendingEthereum$8.3m—
Uniswap V3 XAUT-WETHGOLDXAUtDEX poolEthereum$7.1m25.65%
Uniswap V3 PAXG-XAUTGOLDPAXGDEX poolEthereum$6.5m0.63%
Morpho Blue XAUTGOLDXAUtLendingEthereum$6.4m—
Uniswap V3 PAXG-WETHGOLDPAXGDEX poolEthereum$6.4m9.53%
Aave V4 PAXGGOLDPAXGLendingEthereum$5.7m—
Jupiter Lend SPYXSPYSPYXLendingSolana$5.2m—
Kamino Lend MSTRXMSTRMSTRXLendingSolana$4.4m—
Frankencoin SPYONSPYSPYonLendingEthereum$4.2m—
Raydium AMM CRCLX-USDCCRCLCRCLXDEX poolSolana$4.2m37.29%
Kamino Lend SPYXSPYSPYXLendingSolana$4.1m0.10%
Kamino Lend GOOGLXGOOGLGOOGLXLendingSolana$3.8m—
Uniswap V3 XAUT-USDTGOLDXAUtDEX poolEthereum$3.7m1.84%
Lista Lending XAUTGOLDXAUtLendingBSC$3.7m0.47%
Raydium AMM SPCX-USDCSPCXSPCXDEX poolSolana$3.3m184.30%
Kamino Lend QQQXQQQQQQXLendingSolana$3.2m0.17%
Raydium AMM NVDAX-USDCNVDANVDAXDEX poolSolana$3.1m17.22%
Uniswap V3 PAXG-XAUTGOLDPAXGDEX poolEthereum$3.1m0.07%
Kamino Lend TSLAXTSLATSLAXLendingSolana$3.0m0.00%
Kamino Lend SPYXSPYSPYXLendingSolana$2.9m—
Kamino Lend NVDAXNVDANVDAXLendingSolana$2.5m0.02%
Raydium AMM TSLAX-USDCTSLATSLAXDEX poolSolana$2.4m27.58%
Raydium AMM QQQX-USDCQQQQQQXDEX poolSolana$2.3m12.59%
Fluid DEX PAXG-XAUTGOLDPAXGDEX poolEthereum$2.2m0.05%
Uniswap V3 PAXG-USDCGOLDPAXGDEX poolEthereum$2.2m4.24%
Uniswap V4 ETH-PAXGGOLDPAXGDEX poolEthereum$2.2m0.67%
Raydium AMM SPYX-USDCSPYSPYXDEX poolSolana$2.1m2.15%

Pools and lending markets from DefiLlama whose underlying token is one of the tokens tracked here, matched by chain and contract address. Value is the whole pool, so a liquidity pool counts the asset it is paired with too: read it as an upper bound. An issuer’s own listing of its token is left out.

Tokenized assets in DeFi — Real World Assets