DeFi Protocol TVL Analysis - February 9, 2026
DeFi Protocol TVL Analysis - February 9, 2026
The DeFi ecosystem shows mixed performance over the past 7 days, with total DeFi TVL experiencing modest volatility. Key protocols continue to demonstrate resilience despite broader market fluctuations.
Executive Summary
Key protocols like Aave V3 ($27.93B TVL) and Lido ($19.62B TVL) maintain strong positions, while Binance CEX leads with $136.12B TVL despite a -7.58% decline over the week.
Top 10 DeFi Protocols by TVL
1. Binance CEX
- Current TVL: $136.12B
- 7-Day Change: -7.58%
- Category: Centralized Exchange
2. Aave V3
- Current TVL: $27.93B
- 7-Day Change: -1.99%
- Category: Lending
- Multi-chain strategy paying dividends with 18+ deployments
3. Lido
- Current TVL: $19.62B
- Category: Liquid Staking
- Ethereum dominance with essentially all TVL in ETH staking
4. MakerDAO / Sky
- Rebranded to Sky ecosystem
- DAI now USDS
- Stablecoin protocol evolution continues
7-Day TVL Growth Analysis
Strong Performers:
- Aave V3 shows resilience with only -1.99% decline
- Lido maintains stable TVL despite market headwinds
- Base Chain showing rapid growth
Key Insights:
- Multi-chain expansion critical for protocol survival
- L2 solutions (Arbitrum, Optimism, Base) capturing growth
- Ethereum remains the DeFi dominance layer
Chain-Specific Insights
Ethereum:
- ~$75B+ total TVL concentration
- DeFi backbone with strong L2 adoption
Base:
- Aave Base TVL: $788M
- Binance Base TVL: $472M
- Rapid ecosystem expansion
Emerging Chains:
- Solana: $1.5B+ TVL
- Avalanche: $640M+ TVL
Actionable Insights
For Yield Seekers
- Lending: Aave V3 offers stable yields across chains
- Liquid Staking: Lido stETH remains primary option; emerging restaking protocols (Solayer) offering 8%+ APR
- Diversification: Balance between Ethereum L1 and L2 exposure
For Portfolio Allocation
- Multi-chain diversification reduces concentration risk
- Monitor TVL trends for protocol health signals
- Base chain presents significant growth opportunities
Market Outlook
Short-Term (30 Days): Continued TVL consolidation as market stabilizes
Medium-Term (Q2 2026): L2 TVL share increasing
Long-Term (2026-2027): DeFi TVL expected to exceed $500B
Conclusion
DeFi TVL shows resilience despite short-term volatility. Aave V3 and Lido demonstrate strong fundamentals through stable TVL and multi-chain expansion. The Base chain ecosystem presents significant growth opportunities.
Data compiled February 9, 2026. DefiLlama API. This report is for informational purposes only and does not constitute financial advice.
Sources: DefiLlama