Last Updated: November 3, 2026
The top Avalanche dApps in November 2026 are Aave, Grove Finance, Benqi, OpenTrade and Avant Protocol by total value locked (TVL), and Pharaoh, Uniswap, LFJ and Blackhole by 30-day trading volume, according to DefiLlama’s Avalanche dashboard checked at about 12:42 UTC on November 3, 2026. Aave leads with $374.12 million locked on Avalanche, while Pharaoh handled about $2.26 billion of the chain’s $3.01 billion DEX volume over the last 30 days, roughly 75%.
That is a different list from the one that circulated in April 2025, when a post ranked Uniswap, LFJ, 1inch, Jumper and Stargate as the most traded Avalanche dApps. Since then, Pharaoh has become the chain’s main exchange, onchain capital allocators and real-world asset (RWA) platforms such as Grove, Avant and OpenTrade have moved into the top five by TVL, and Avalanche’s DeFi TVL has fallen about 51%, from $1.17 billion on April 18, 2025 to $580.55 million.
Key Takeaways
- Largest by TVL: Aave ($374.12 million), Grove Finance ($263.74 million) and Benqi ($221.8 million) on DefiLlama at about 12:42 UTC on November 3, 2026.
- Most traded: Pharaoh ($2.26 billion in 30-day DEX volume), Uniswap ($309.2 million), LFJ ($142.8 million) and Blackhole ($139.9 million); the four together handled about 94% of Avalanche DEX volume.
- Top fee earners (30 days): Pharaoh ($1.70 million), Securitize, which issues BlackRock’s BUIDL fund token ($1.68 million), Centrifuge ($1.24 million) and Benqi ($1.22 million).
- Network: Avalanche DeFi TVL $580.55 million, stablecoins $1.229 billion, AVAX $8.66 on CoinMarketCap at 12:42 UTC.
- Since April 2025: LFJ’s 30-day volume fell about 92%, Pharaoh’s more than doubled, and 1inch, Jumper, Stargate, Folks and Magpie no longer rank near the top.
Top dApps on Avalanche in November 2026
Blockchainreporter’s ranking below uses DefiLlama data for the Avalanche chain, read at about 12:41 to 12:43 UTC on November 3, 2026. TVL is the value of assets deposited in a protocol on Avalanche. Thirty-day fees are what users paid the protocol on Avalanche over the last 30 days, and 30-day volume is DEX trading volume over the same period. “Best” here means most used, measured by money deposited and money traded, not a recommendation.
Top 10 Avalanche dApps by TVL
| Rank | Protocol | Category | TVL on Avalanche | 30-day fees on Avalanche | What it does |
|---|---|---|---|---|---|
| 1 | Aave | Lending | $374.12 million | about $0.71 million | Lend and borrow crypto; Avalanche runs Aave V2, V3 and V4 markets |
| 2 | Grove Finance | Onchain capital allocator | $263.74 million | about $1.13 million | Sky (formerly MakerDAO) ecosystem allocator that places capital in tokenized RWAs and DeFi |
| 3 | Benqi | Liquid staking, lending | $221.8 million | about $1.22 million | sAVAX liquid staking and an Avalanche-native lending market |
| 4 | OpenTrade | RWA | $153.26 million | under $0.05 million | Infrastructure for stablecoin yield products used by fintech apps |
| 5 | Avant Protocol | Onchain capital allocator | $120.41 million | about $0.71 million | Issues avUSD, a yield-bearing stable-value token |
| 6 | Pharaoh Exchange | DEX | $40.75 million | about $1.70 million | Concentrated-liquidity exchange built on the Avalanche C-Chain |
| 7 | Sierra Protocol | Yield | $14.12 million | under $0.05 million | Issues SIERRA, a liquid yield token |
| 8 | LFJ | DEX | $13.79 million | about $0.11 million | Avalanche’s longtime DEX, formerly Trader Joe |
| 9 | Yield Yak | Yield aggregator | $9.28 million | under $0.05 million | Auto-compounds farming rewards on Avalanche |
| 10 | GMX | Derivatives | $9.23 million | about $0.08 million | Decentralized spot and perpetuals exchange |
Protocol TVL figures overlap (Grove and Avant, for example, deposit into other protocols), so the top 10 add up to about $1.22 billion, more than the chain’s $580.55 million total, because DefiLlama’s chain total avoids counting the same deposit twice.
Top 10 Avalanche dApps by 30-Day Trading Volume
| Rank | DEX | 30-day volume on Avalanche | Notes |
|---|---|---|---|
| 1 | Pharaoh | $2.26 billion | V3 pools $1.33 billion, DLMM pools $922 million |
| 2 | Uniswap | $309.2 million | Mostly Uniswap V3 |
| 3 | LFJ | $142.8 million | Plus $23.3 million through the LFJ aggregator |
| 4 | Blackhole | $139.9 million | Avalanche-only DEX, listed on DefiLlama in July 2025 |
| 5 | WOOFi | $46.6 million | Multichain swap venue |
| 6 | DODO | $36.0 million | Proactive market maker (PMM) DEX |
| 7 | Metric | $35.7 million | Multichain DEX |
| 8 | Pangolin | $18.0 million | One of Avalanche’s earliest DEXs |
| 9 | AllBlue (PumpSpace) | $17.6 million | Avalanche-only DEX |
| 10 | Dexalot | $9.2 million | Order-book DEX |
DEX aggregators route trades through these exchanges and are counted separately by DefiLlama: KyberSwap led with $278.9 million over 30 days, followed by 0x ($58.7 million), Velora ($25.5 million), the LFJ aggregator ($23.3 million) and 1inch ($14.2 million).
Aave
Aave is the largest dApp on Avalanche by TVL, with $374.12 million across its V2, V3 and V4 markets on November 3, 2026, up 9.06% over seven days on DefiLlama. Users deposit assets to earn interest and borrow against them. Aave was also the top Avalanche protocol by TVL in our January 2025 report.
Grove Finance and Avant
Grove Finance is a capital allocation protocol in the Sky ecosystem that launched in June 2025, according to its DefiLlama listing, and holds $263.74 million on Avalanche. Avant Protocol issues avUSD and holds $120.41 million. Both are onchain capital allocators: they place deposits into lending markets, tokenized funds and other strategies.
Benqi
Benqi combines sAVAX liquid staking with a lending market and holds $221.8 million on Avalanche. Its TVL fell 42.97% over 30 days on DefiLlama, the steepest drop among the top five, but it still earned about $1.22 million in fees over that period, more than any other lending or staking protocol on the chain.
OpenTrade
OpenTrade is a real-world asset platform that fintech apps use to offer stablecoin yield products, and it holds $153.26 million on Avalanche. RWA activity is a large part of Avalanche today: DefiLlama shows $962.88 million in active RWA assets on the chain, and BlackRock’s BUIDL token (issued by Securitize) and Centrifuge rank second and third by 30-day fees.
Pharaoh
Pharaoh is the most traded dApp on Avalanche. It runs concentrated-liquidity pools on the C-Chain and handled about $2.26 billion over 30 days, about 75% of all Avalanche DEX volume, while holding $40.75 million in TVL. It also led all Avalanche protocols in 30-day fees at about $1.70 million.
Uniswap
Uniswap, which topped the April 2025 list, is now the second-largest Avalanche DEX by volume with $309.2 million over 30 days, mostly in its V3 pools, and $6.92 million in TVL. Users swap tokens directly from their own wallets through liquidity pools, without an intermediary holding their funds.
LFJ
LFJ, the exchange formerly known as Trader Joe, ranks third by DEX volume with $142.8 million over 30 days and eighth by TVL with $13.79 million. It was the busiest Avalanche DEX in DefiLlama’s data in spring 2025, when it handled about $1.70 billion in 30 days.
Blackhole
Blackhole is an Avalanche-only DEX that DefiLlama began tracking on July 14, 2025. It did not exist in the April 2025 rankings and now handles $139.9 million in 30-day volume, close to LFJ, with $3.22 million in TVL.
The April 2025 List
On April 18, 2025, the X account Crypto_Dep posted a ranking of the 10 Avalanche dApps with the highest trading volume over the previous 30 days, which this page originally reported. The list, in order, with the volumes it gave:
- Uniswap: $5.23 billion
- LFJ: $461 million
- 1inch: $315 million
- Jumper: $103 million
- Stargate: $69.3 million
- WooFi: $63.6 million
- Benqi: $37.6 million
- Folks: $18.3 million
- GMX: $13.3 million
- Magpie: $11.3 million
The ranking mixed DEXs (Uniswap, LFJ, WooFi), aggregators (1inch, Magpie), cross-chain tools (Jumper and Stargate), a lending market (Benqi), a cross-chain lending app (Folks) and a derivatives exchange (GMX). Its figures do not match DefiLlama’s DEX data for the same 30 days (March 19 to April 17, 2025), which shows LFJ first with about $1.70 billion, Pharaoh second with about $999 million and Uniswap V3 third with $432.3 million, out of $3.62 billion in total Avalanche DEX volume. Readers comparing sources should check which method each one uses.
How the List Changed Since April 2025
Comparing DefiLlama’s data for the 30 days to April 17, 2025 with the 30 days to November 3, 2026:
| DEX | 30-day volume, April 2025 | 30-day volume, November 2026 | Change |
|---|---|---|---|
| Pharaoh | about $999 million | $2.26 billion | up about 126% |
| Uniswap | $432.3 million | $309.2 million | down about 28% |
| LFJ | about $1.70 billion | $142.8 million | down about 92% |
| All Avalanche DEXs | $3.62 billion | $3.01 billion | down about 17% |
- Exchange leadership moved to Pharaoh. Its share of Avalanche DEX volume rose from about 28% to about 75%, while LFJ’s fell from about 47% to under 5%.
- New names arrived. Grove (launched June 2025), Avant, OpenTrade, Sierra and Blackhole were not in either 2025 snapshot and now rank in the top 10 by TVL or volume.
- Several April 2025 names dropped out. 1inch handled $14.2 million in 30 days, Stargate holds $1.13 million on Avalanche and Folks Finance xChain $2.64 million.
- Lending held up. Aave and Benqi led Avalanche TVL in our January 2025 report and are still first and third.
What Were the Best Avalanche Projects in 2025?
Measured by usage, the leading Avalanche projects of 2025 were Aave and Benqi in lending, LFJ and Pharaoh in trading, and GMX in derivatives. Our January 2025 report on Avalanche’s top 10 projects ranked Aave, Benqi, LFJ (then Joe), GMX and Pharaoh among the leaders, alongside BlackRock’s BUIDL fund and Yield Yak. Activity peaked in the second half of the year: DefiLlama shows Avalanche DeFi TVL at its 2025 high of $2.31 billion on October 4, 2025, and monthly DEX volume at $17.45 billion in September 2025. For a wider look back, see Avalanche’s 2025 onchain growth.
Avalanche Network Context
| Metric (November 3, 2026) | Value | Source |
|---|---|---|
| AVAX price | $8.66 (12:42 UTC) | CoinMarketCap |
| AVAX market cap | $3.84 billion, rank 24 | CoinMarketCap |
| AVAX change | +0.79% in 24 hours, down 21.2% in 30 days, down 50.8% in a year | CoinMarketCap |
| DeFi TVL on Avalanche | $580.55 million | DefiLlama |
| Stablecoins on Avalanche | $1.229 billion (down 4.28% in 7 days) | DefiLlama |
| RWA active assets | $962.88 million | DefiLlama |
| 24-hour DEX volume | $64.52 million | DefiLlama |
| 24-hour perpetuals volume | $23.19 million | DefiLlama |
| Active addresses (24 hours) | 42,547 | DefiLlama |
AVAX traded at $8.66 on CoinMarketCap at 12:42 UTC on November 3, 2026, down about 55% from its $19.07 close on April 18, 2025 and about 94% below its all-time high of $146.22 from November 21, 2021. Its 52-week range on CoinMarketCap is $5.69 to $18.54. The wider market is cautious: the Crypto Fear and Greed Index (alternative.me) reads 26, Fear.
Avalanche’s DeFi TVL, measured in dollars, has fallen from $1.17 billion on April 18, 2025 and $2.31 billion on October 4, 2025 to $580.55 million, about 75% below the 2025 peak and far below the record of $11.49 billion from December 2, 2021. Part of that drop is a price effect, since deposits held in AVAX lose dollar value when AVAX falls. Stablecoins worth $1.229 billion and nearly $1 billion in RWA assets show that dollar-based activity remains on the chain. For published AVAX forecasts, see our AVAX price prediction; this page makes no forecast. Our ranking of chains by DeFi TVL shows how Avalanche compared with other networks.
How to Use Avalanche dApps Safely
- Use a wallet that supports the Avalanche C-Chain. Most Avalanche dApps run on the C-Chain (chain ID 43114) and work with EVM wallets. Our guide to the best Avalanche wallets compares options, and self-custodial wallets keep the keys with you.
- Keep some AVAX for gas. Every transaction on the C-Chain is paid in AVAX, including token approvals.
- Open dApps from verified links. Reach protocols through their official sites or the links on DefiLlama’s protocol pages, bookmark them, and ignore links in direct messages, ads and replies.
- Check the protocol before depositing. Look at its TVL history, audits and any hack records on DefiLlama, and read how long it has been live. New protocols can grow or shrink quickly: Sierra’s TVL fell 46.75% in seven days.
- Understand the risks of yield. Capital allocators, liquid staking tokens and leveraged positions carry smart contract, liquidation and depeg risk on top of price risk.
- Review token approvals. Approve only the amount you need and revoke approvals you no longer use.
- Be careful with bridges. Moving funds between chains adds extra smart contract risk; send a small test amount first.
- Start small and verify news. Test a protocol with a small amount and check claims about airdrops or new tokens with our guide on how to verify crypto news and rumors.
Frequently Asked Questions
What are the top Avalanche dApps right now?
On November 3, 2026, DefiLlama ranked Aave, Grove Finance, Benqi, OpenTrade and Avant Protocol as the largest Avalanche dApps by total value locked. By 30-day trading volume, Pharaoh led with about $2.26 billion, followed by Uniswap, LFJ and Blackhole. Aave held $374.12 million on Avalanche, more than any other protocol, while Pharaoh handled about three quarters of the chain’s DEX trading.
What were the top Avalanche dApps in 2025?
In 2025 the leading Avalanche dApps were Aave and Benqi in lending, LFJ and Pharaoh in trading, and GMX in derivatives. DefiLlama data for the 30 days to April 17, 2025 shows LFJ as the busiest exchange with about $1.70 billion in volume. A widely shared April 2025 ranking instead listed Uniswap, LFJ, 1inch, Jumper and Stargate as the top five.
What is the biggest DEX on Avalanche?
Pharaoh is the biggest decentralized exchange on Avalanche by trading volume. DefiLlama shows it handled about $2.26 billion over the 30 days to November 3, 2026, roughly 75% of all Avalanche DEX volume. Uniswap ranked second with $309.2 million and LFJ third with $142.8 million. Pharaoh also holds the most TVL of any Avalanche DEX, at $40.75 million.
What is the largest lending protocol on Avalanche?
Aave is the largest lending protocol on Avalanche, with $374.12 million in total value locked on November 3, 2026, according to DefiLlama. It runs V2, V3 and V4 markets on the chain. Benqi, which combines a lending market with sAVAX liquid staking, ranks second among lending and staking protocols with $221.8 million, after a 42.97% drop over 30 days.
How much value is locked on Avalanche?
DefiLlama showed $580.55 million in DeFi total value locked on Avalanche on November 3, 2026. That is down from $1.17 billion on April 18, 2025 and from the 2025 high of $2.31 billion on October 4, 2025. Avalanche also held $1.229 billion in stablecoins and $962.88 million in active real-world asset tokens on the same day.
Is Uniswap still the top dApp on Avalanche?
No. Uniswap topped an April 2025 ranking of Avalanche dApps by volume, but in November 2026 it ranks second among Avalanche exchanges, with $309.2 million in 30-day volume against Pharaoh’s $2.26 billion, according to DefiLlama. By total value locked, Uniswap holds $6.92 million on Avalanche, just outside the top 10, which Aave leads.
How can I stake AVAX through an Avalanche dApp?
Liquid staking protocols let users stake AVAX and receive a token that can be used elsewhere in DeFi. Benqi’s sAVAX is the largest example on Avalanche, and Yield Yak also offers a staked AVAX token. Liquid staking tokens carry smart contract and depeg risk, and their value moves with AVAX, so users should read each protocol’s documentation before staking.
Which wallet do I need for Avalanche dApps?
Most Avalanche dApps run on the C-Chain, which uses Ethereum-style addresses, so any wallet that supports the Avalanche C-Chain (chain ID 43114) can connect to them. Users need a small amount of AVAX to pay gas fees for swaps, deposits and approvals. A self-custodial wallet keeps the private keys with the user, and a hardware wallet adds offline protection.
Are Avalanche dApps safe to use?
No dApp is risk free. Avalanche protocols carry smart contract bugs, oracle failures, liquidation risk and phishing threats, like dApps on any chain. Users can reduce risk by opening protocols only from official links, checking TVL history and audits on DefiLlama, approving only the tokens they need, revoking old approvals and testing new protocols with small amounts first.
Why did Avalanche TVL fall in 2026?
Avalanche DeFi TVL fell from $1.15 billion on January 1, 2026 to $580.55 million on November 3, 2026, according to DefiLlama. Part of the decline is a price effect: AVAX fell 50.8% over the past year on CoinMarketCap, which reduces the dollar value of AVAX deposits. Some protocols also lost deposits, including Benqi, whose TVL dropped 42.97% in 30 days.
What is the difference between TVL and trading volume?
Total value locked measures how much money sits in a protocol at a given moment, such as deposits in a lending market. Trading volume measures how much money moved through an exchange over a period, such as 30 days. A DEX can have modest TVL and very high volume, as Pharaoh does on Avalanche with $40.75 million locked and $2.26 billion traded.
Data sources: DefiLlama Avalanche chain dashboard, DEX, aggregator and fees overviews and historical chain TVL (read 12:40 to 12:43 UTC, November 3, 2026); CoinMarketCap AVAX data (12:42 UTC, November 3, 2026, and April 18, 2025 historical close); Crypto Fear and Greed Index (alternative.me), November 3, 2026; Crypto_Dep post on X, April 18, 2025.
