hotdapps.com

Weekly dApp rankings. Find out what's hot before everyone else.

[hotdapps.com @hotdapps]

Hot take: a red week is the best week to read DeFi data.

When prices fall, TVL charts stop flattering anyone. Whatever still grows is real money choosing to stay.

This week that money wanted a dollar that pays, not more risk.

[hotdapps.com @hotdapps]

Nobody's talking about Current yet.

A lending and leverage app on Sui. It grew this week while SUI fell 11%, and it's up from $13M to $62M since July.

Sui DeFi still has room to surprise.

Under the Radar 🛰
https://t.co/Dv1FwjJ9w9

[hotdapps.com @hotdapps]

Issue #022 is live 🔥

Ether had a rough week. Dollar yield didn't. This week's Heat Scores:

🥇 Falcon Finance — 90
🥈 Arcus — 84
🥉 StackingDAO — 81
Huma — 78
Spark Savings — 76

https://t.co/Dv1FwjJ9w9

[hotdapps.com @hotdapps]

Why https://t.co/25vEuHDXbT is our #1:

• Deposits up 22% in a flat market
• $400M in loans out to GPU operators
• Its largest loan yet: 32 NVIDIA GB200 racks
• Now live on Solana

https://t.co/LGbc39LNNX

[hotdapps.com @hotdapps]

Hot take: the most important DeFi story this week wasn't a dApp.

A $388M hack went looking for an exit. NEAR Intents and Chainflip said no. THORChain said permissionless means permissionless.

Neutral rails are a choice. So is refusing.

[hotdapps.com @hotdapps]

Nobody's talking about Stellar DeFi Hub yet.

Sentora-run vaults on Stellar for XLM, USDC and PYUSD — and deposits jumped more than 50% in a single day.

Stellar finally getting a DeFi base layer?

Under the Radar 🛰
https://t.co/LGbc39LNNX

[hotdapps.com @hotdapps]

Why Aave V4 is our #1:

• TVL at an all-time high
• Its Arc market more than doubled in a week
• Live on day one of Circle's new chain
• Hub-and-spoke design built to launch on new chains

https://t.co/KqLZzzSmeA

[hotdapps.com @hotdapps]

Hot take: the most important chart this week wasn't a pump.

HYPE rallied, and a Hyperliquid lender still shrank.

When a token rips and its own lending market loses deposits, the loopers are leaving, not arriving.

[hotdapps.com @hotdapps]

Nobody's talking about Aera yet.

It's Gauntlet's autonomous treasury manager for DAOs — and it just hit an all-time high after one quiet day of inflows.

Treasuries handing the keys to software.

Under the Radar 🛰
https://t.co/KqLZzzSmeA

[hotdapps.com @hotdapps]

Issue #020 is live 🔥

Circle launched its own chain. Aave moved in first. This week's Heat Scores:

🥇 Aave V4 — 94
🥈 cirBTC — 90
🥉 NEAR Intents — 86
Kraken kBTC — 81
Obol — 76

https://t.co/KqLZzzSmeA

[hotdapps.com @hotdapps]

Why SparkLend is our #1:

• Borrow rate set by governance, not utilization
• Borrowed USDS swaps to USDC at par
• USDS borrowing just hit an all-time high
• Now fully on Ethereum after exiting Gnosis

https://t.co/B32ahBLCAa

[hotdapps.com @hotdapps]

Hot take: tokenized institutional credit was sold as the stickiest capital in crypto.

This week one of the biggest RWA allocators lost a third of its TVL in seven days.

Turns out "institutional" money moves faster than most farms.

[hotdapps.com @hotdapps]

Nobody's talking about dfdvSOL yet.

It's the staking token of a Nasdaq-listed Solana treasury company — and it doubled in a month.

A public stock, quietly turning its balance sheet into DeFi collateral.

Under the Radar 🛰
https://t.co/B32ahBLCAa

[hotdapps.com @hotdapps]

Issue #019 is live 🔥

One DeFi lender lets governance set the rate instead of an algorithm. Borrowers just picked it. This week's Heat Scores:

🥇 SparkLend — 93
🥈 Zama — 89
🥉 Tydro — 84
Unit — 81
Plume Vaults — 77

https://t.co/B32ahBLCAa

[hotdapps.com @hotdapps]

Why Monad is our #1:

• Crossed $1B TVL this week
• The biggest protocol on the chain is a risk curator, not a DEX
• Aave, Euler, Pendle and Morpho all live
• The native DEX is ~3% of chain TVL

https://t.co/yE1n6RhFzo

[hotdapps.com @hotdapps]

Hot take: "institutional DeFi" finally shipped, and it looks nothing like the pitch decks.

No banks. No permissioned chains. No KYC'd pools.

Just risk curators running the largest position on a new L1 — using the same contracts degens use.

[hotdapps.com @hotdapps]

Nobody's talking about NEAR anymore.

Which is why nobody noticed its whole DeFi stack — lending, liquid staking, DEX, intents — reprice 20-27% in the same week.

Rhea Lend is leading it.

Under the Radar 🛰
https://t.co/yE1n6RhFzo

[hotdapps.com @hotdapps]

Issue #018 is live 🔥

A new L1 crossed $1B this week — and skipped the casino phase entirely. This week's Heat Scores:

🥇 Monad — 94
🥈 Reservoir — 88
🥉 Robinhood Chain — 86
Aave V4 — 80
Stargate V2 — 77

https://t.co/yE1n6RhFzo

[hotdapps.com @hotdapps]

Why Polymarket is our #1:

• The NYSE's parent company is its largest shareholder
• It already holds a CFTC contract market license
• Its odds ship through ICE's institutional feeds
• The Sept 15 Senate vote is tradeable

https://t.co/7FrFD9Zrc1

[hotdapps.com @hotdapps]

Hot take: Ethena's problem was never risk. It's that the risk stopped paying.

sUSDe now yields about what a Treasury bill does — with smart contract and exchange counterparty risk attached.

Nobody rebuilds a yield engine that still works.