Protocols where users can swap or trade cryptocurrency

Aldrin is a decentralized exchange based on automated market makers and Serum-powered order books. The project was launched in June 2021. Hisham Khan is the CEO and founder of Aldrin.

Jupiter is a trading aggregator designed to route trades efficiently between exchanges on Solana. The protocol was co-founded by Ben Chow and launched in October 2021.

01 is an orderbook-based decentralized exchange focusing on crypto derivatives. The project was launched in January 2022.

Curve is a decentralized exchange liquidity pool on Ethereum designed for efficient stablecoin trading. The protocol was launched by Michael Egorov in January 2020.

Lifinity is a decentralized exchange designed to improve capital efficiency and reduce impermanent loss through concentrated liquidity, proactive market making, and rebalancing. The project was launched in November 2021.

Raydium is a decentralized exchange that combines automated market maker with order book integration. The project was launched in February 2021 by Alpha Ray.

Serum is a decentralized exchange and ecosystem based on central limit order books. The project was launched in August 2020.

Mango Markets is a decentralized exchange (DEX) on Solana that offers traders up to 20x leverage on popular trading pairs. The project was launched by Daffy Durairaj and Maximilian Schneider in August 2021.

Saber is an automated market maker specialized in stablecoins, bridged tokens, and SOL derivatives. Saber was launched by Dylan Macalinao, Lan Macalinao, and Ian Macalinao in June 2021.

Mercurial is a DeFi project that offers dynamic vaults, which are market-making vaults providing low slippage swaps for stables. The project was launched in May 2021.

Atrix is an automated market maker utilizing Serum’s order books for liquidity. The project was launched in August 2021.

Dopex is a decentralized exchange for options trading. The project was launched in June 2021.

Drift is a decentralized exchange for spot swaps and perpetual futures on Solana. The protocol was launch by Cindy Loew in August 2021.

Orca is an automated market maker built on Solana. Orca was founded by Yutaro Mori and Grace Kwan and launched in February 2021.

Saros is a suite of DeFi products, including swap, stake, and farm, built on Solana. The project was launched by Coin98 in December 2021.

Protocols that aggregate yield from different yield protocols

Sunny Aggregator is a yield aggregator that helps users manage their yield farming positions across multiple DeFi protocols on Solana. The project was launched by Surya Khosla in August 2021.

Francium is a DeFi project offering automated yield farming and lending strategies. The project was launched in May 2021.

Protocols that give users the right to buy a crypto asset at a fixed price

Jones DAO is an options protocol offering actively managed option strategies to users. The project was launched in January 2022.

Zeta is a decentralized exchange for under-collateralized options and futures. The project was launched in January 2022.

Friktion is an options and structured products protocol on Solana. Friktion also offers portfolio and risk management tools for individuals, institutions, and DAOs. Uwe Cerron is the founder of the Friktion Labs, and the project was launched in December 2021.

Protocols that enable on-chain chat, notifications, and messaging between wallets

Dialect is a messaging protocol for dapp notifications and wallet-to-wallet chat. The protocol was launched by Chris Osborn and Keri McKiernan in March 2022.

Protocols that pay users a reward for staking or providing liquidity on their platforms

Convex is a protocol developed on top of Curve Finance that allows Curve Finance's liquidity providers to earn boosted rewards without locking their CRV tokens. The protocol was launched in April 2019.

Lido is a liquid staking protocol for Ethereum and other Proof of Stake chains such as Solana and Terra. The protocol was launched in December 2020.

Marinade Finance is a non-custodial liquid staking protocol. Launched in March 2021, it was the first liquid staking solution built on Solana.

Tulip is a DeFi project offering yield farming with autocompounding. The protocol was launched in April 2021.

Arrakis is a protocol that specializes in concentrated & active liquidity management. Arrakis acts as a decentralized market-making platform enabling projects to create deep liquidity for their tokens. The protocol was launched in April 2021.

Protocols that allow users to lend and borrow assets

Port Finance is a lending protocol offering variable rate lending, fixed-rate lending, and interest rate swaps. The project was co-founded by Gabriel Wong and launched in August 2021.

Parrot is a lending and stablecoin protocol that aims to make value locked in DeFi more accessible and liquid. The project was launched in September 2021.

Vesta is a lending protocol that allows users to borrow Vesta's stablecoins against their collaterals. The project was launched in February 2022.

Radiant is a lending protocol that allows users to deposit any major asset on any major chain and borrow a variety of supported assets across multiple chains. The project was launched by George Macallan (CEO) and the core team in July 2022.

Solend is a DeFi project to lend, borrow, leverage long, and short crypto assets. The project was launched in June 2021.

Hubble is a stablecoin provider that issues USDH, a decentralized stablecoin that can be borrowed against users' crypto assets. The project was launched by Marius George Ciubotariu and Marius Thomas in January 2022.

Larix is a lending protocol targeting a broad range of collateral types and assets, including tokens, stablecoins, and NFTs. The project was launched in June 2021.

Sectors	Projects	1d Change	Description
Decentralized Exchange	15	NaN%	Protocols where users can swap or trade cryptocurrency
Yield Aggregator	2	NaN%	Protocols that aggregate yield from different yield protocols
Options	6	NaN%	Protocols that give users the right to buy a crypto asset at a fixed price
Messaging	1	NaN%	Protocols that enable on-chain chat, notifications, and messaging between wallets
Yield	12	NaN%	Protocols that pay users a reward for staking or providing liquidity on their platforms
Lending	9	NaN%	Protocols that allow users to lend and borrow assets

Sector Overview