01 The set
What is on this board
One tag, and the widest one on this site. Exchanges, lending markets, liquid staking, derivatives, yield protocols and a few base chains that ship the primitives themselves are all filed under DeFi. The top 1,000 by market cap holds 304 of them, and the board draws the 100 largest — past that a bubble comes out smaller than its own label.
Because the net is wide it overlaps: several of these names also appear on the AI board, and the largest of them are on the whole-market board as well. A coin is not assigned to one sector — it carries every tag that fits.
Everything else works the way it does on the whole-market board: size is market cap, color is the price change over the period on the buttons, and grey means a coin barely moved. The longer version, with the exact color thresholds, is in the guide.
02 Movers
Biggest moves in the sector, last 24 hours
▲ Gainers
| Coin | Price | 24h | Volume |
|---|---|---|---|
| COMPCompound | $17.63 | +8.94% | $13M |
| CAPCap | $0.0712 | +7.31% | $45M |
| NXPCNEXPACE | $0.2033 | +6.11% | $11M |
| MORPHOMorpho | $2.12 | +5.88% | $22M |
| BTWBitway | $0.3611 | +5.78% | $67M |
▼ Losers
| Coin | Price | 24h | Volume |
|---|---|---|---|
| VELVETVelvet | $0.6223 | -39.91% | $29M |
| COWCoW Protocol | $0.1104 | -10.10% | $18M |
| RERe | $0.4151 | -6.95% | $22M |
| ATOMCosmos | $1.41 | -3.94% | $22M |
| WWormhole | $0.0083 | -2.89% | $83M |
Both tables are drawn from this board only, and every coin in them traded at least $10M in the past 24 hours. That volume floor is the same one the whole-market board uses, and it matters more here: a sector is a slice, so fewer coins clear a fixed dollar amount, and the ones that do not are exactly where a spectacular percentage turns out to be one buyer on a quiet market.
03 Background
What is DeFi?
DeFi is short for decentralised finance: trading, lending, borrowing and earning yield run by programs on a public blockchain instead of by a company. There is no account to open and no institution holding the money — the funds sit in contracts anyone can read, and anyone with a wallet can use them.
The label covers several genuinely different businesses, and this board mixes them.
Exchanges. Rather than matching buyers with sellers in an order book, most on-chain exchanges trade against a pool of deposits, with the price set by a formula. Whoever supplied the pool earns a share of the fees and carries the risk of its composition shifting under them.
Lending markets. Deposits are borrowed against collateral worth more than the loan, and the interest rate moves with how much of the pool is currently borrowed. If the collateral falls far enough it is sold automatically.
Liquid staking. Coins locked to secure a proof-of-stake chain normally cannot be moved. Liquid staking hands back a tradable token standing for the locked position, which then gets used as collateral elsewhere — one reason parts of this sector are stacked on top of each other.
Derivatives and yield. Perpetual futures, options, and protocols that route deposits between all of the above in search of the best rate.
What a DeFi token usually is. Not a share. Most of these are governance tokens: they vote on how the protocol is run. Some also direct a cut of the fees to holders, some do not, and which it is differs project by project and can change by vote. That is the most important thing to know before reading size on this board — a bubble here is what the token is worth, not the money deposited in the protocol it governs, and those two figures routinely move in opposite directions for months.
The sector's characteristic failure is specific too: not a company going bankrupt, but code behaving exactly as written in a case nobody anticipated, or an economic design that holds until one of its inputs moves too fast. That is a description of the category, not a prediction about anything on this board.
04 The app
The same filter, over the whole market
This page is one fixed slice: one sector, the largest names in it, four periods, prices in dollars. The app it was cut from carries all 1,000 coins and lets you set the filter yourself — by category, by chain ecosystem, by exchange — then keep what you found as favorites. Free, no ads, no account, and it runs in a browser tab as well as on a phone.
Open the full board →