Why the top three stand out
Aave tops the list with about $16.2 billion locked and $1.38 million in daily fees. Morpho follows with roughly $11.1 billion TVL and $0.93 million in fees, while Spark holds about $9.3 billion and $0.71 million in fees. These numbers drive the highest combined activity scores.
Leaders in detail
Aave is an open‑source, non‑custodial protocol that lets users earn interest and borrow assets across 23 chains. Morpho operates permissionlessly on 45 networks, offering tailored lending solutions and a flexible infrastructure stack. Spark allocates capital by borrowing from Sky’s stablecoin reserves and deploys it across DeFi, CeFi and real‑world assets on nine chains.
What stands out from ranks 4‑10
Sky, with a single‑chain focus, still moves $0.91 million in daily fees on $4.9 billion TVL. JustLend brings $6.5 billion on TRON but low fees of $0.05 million. Maple Finance, an institutional marketplace, holds $2.5 billion on five chains. Lista DAO shows notable 24‑hour volume of $9.3 million despite a modest TVL of $1.7 billion. Kamino, Compound Finance and Venus round out the list, each covering multiple chains and maintaining activity above $0.03 million in daily fees.
How the ranking is calculated
COINMAG’s activity score combines total value locked, 24‑hour volume and 24‑hour fees from DefiLlama. The three metrics are weighted to reflect overall usage and liquidity. Rankings refresh weekly from live data, so positions can change as activity shifts.
What to check before using a platform
Read each service’s official documentation, review its security track record, understand the fee structure and verify that it complies with regulations in your jurisdiction. The ranking reflects raw numbers only and does not imply safety or suitability.