Every protocol currently rated by DeFiScoreAudit, graded on three independent axes — Solvency, Legitimacy and Growth — using the same bands, weights and notching caps. The credit grade is Solvency: can the protocol survive stress and pay its users back. Legitimacy is published beside it, and Growth is shown as a separate outlook on adoption; neither is averaged into the credit grade. The last column flags each protocol's weakest axis, which is where to look first. Sorted by Solvency score, strongest first.
| Protocol | Category | TVL | Credit Grade (Solvency) | Legitimacy | Growth Outlook | Weakest Axis |
|---|---|---|---|---|---|---|
| DEX | $3.4B | AA 82.3 | AA | BB | Growth · BB | |
| Liquid Staking | $19.9B | A 79.3 | AA | BB | Growth · BB | |
| CDP | $4.1B | A 79.3 | A | BB | Growth · BB | |
| Lending | $6.3B | A 79 | A | BB | Growth · BB | |
| DEX | $2.2B | A 79 | BBB | BB | Growth · BB | |
| Lending | $15.6B | A 78.5 | AA | BB | Growth · BB | |
| Derivatives | $7.7B | A 78.3 | A | AAA | Legitimacy · A | |
| Lending | $6.4B | A 78.3 | BB | BBB | Legitimacy · BB | |
| Lending | $11B | A 73 | AA | A | Solvency · A | |
| Credit | $2.3B | A 71 | A | BB | Growth · BB | |
| DEX Aggregator | $1.6B | A 71 | A | BB | Growth · BB | |
| Lending | $1.1B | A 71 | BB | CCC | Growth · CCC | |
| Yield / Synthetic Dollar | $5.3B | A 70.3 | BBB | BB | Growth · BB | |
| LRT | $4.3B | A 70 | A | BB | Growth · BB | |
| Liquid Staking | $0.81B | BBB 68 | BBB | CCC | Growth · CCC | |
| Liquid Staking | $0.56B | BBB 67.8 | A | B | Growth · B | |
| Liquid Staking | $0.99B | BBB 67 | AA | CCC | Growth · CCC | |
| CDP | $0.22B | BBB 67 | A | CCC | Growth · CCC | |
| Lending | $1.3B | BBB 67 | A | B | Growth · B | |
| DEX | $0.33B | BBB 64.8 | BBB | B | Growth · B | |
| Lending | $1.2B | BBB 64.8 | BBB | B | Growth · B | |
| Derivatives | $0.22B | BBB 64.8 | BBB | B | Growth · B | |
| DEX | $0.95B | BBB 64.8 | BBB | B | Growth · B | |
| Liquid Staking | $0.49B | BBB 64.8 | BBB | B | Growth · B | |
| Yield | $1B | BBB 64.5 | A | BB | Growth · BB | |
| Sanctum | Liquid Staking | $1.7B | BBB 64.3 | BBB | BB | Growth · BB |
| Yield | $0.48B | BBB 64 | BBB | CCC | Growth · CCC | |
| RWA | $4.1B | BBB 62.5 | A | A | Solvency · BBB | |
| DEX | $1.2B | BBB 61.8 | A | B | Growth · B | |
| CDP / LSD | $0.24B | BBB 61.8 | BBB | CCC | Growth · CCC | |
| Liquid Staking | $0.85B | BBB 61.5 | A | B | Growth · B | |
| Lending | $0.22B | BB 58.8 | BBB | CCC | Growth · CCC | |
| Derivatives | $0.08B | BB 58.5 | A | CCC | Growth · CCC | |
| Lending / DEX | $0.81B | BB 58.5 | A | B | Growth · B | |
| Derivatives | $0.23B | BB 58.5 | BBB | B | Growth · B | |
| Yield | $0.19B | BB 57.8 | BBB | CCC | Growth · CCC | |
| Lending | $0.01B | BB 52.5 | BBB | CCC | Growth · CCC | |
| DEX | $0.09B | BB 52.5 | BB | CCC | Growth · CCC | |
| LRT | $0.75B | BB 52 | BBB | B | Growth · B | |
| Lending | $0.13B | BB 51.8 | BB | CCC | Growth · CCC | |
| Lending | $0.25B | BB 49.5 | A | B | Growth · B | |
| DEX | $0.03B | BB 48.8 | A | CCC | Growth · CCC | |
| BTC LST | $0.72B | BB 45.8 | BBB | BB | Solvency · BB | |
| LRT | $0.09B | BB 45 | BBB | CCC | Growth · CCC | |
| Lending | $0.11B | B 42.8 | BB | CCC | Growth · CCC | |
| BTC Yield | $0.53B | B 42.8 | BB | B | Growth · B | |
| LRT | $0.3B | B 41.5 | BB | CCC | Growth · CCC | |
| BTC Staking | $3B | B 40.8 | BBB | BB | Solvency · B | |
| Symbiotic | Restaking | $0.27B | B 39.8 | BBB | CCC | Growth · CCC |
| LRT | $0.02B | B 38.3 | BB | CCC | Growth · CCC | |
| Restaking | $5.2B | B 37.5 | A | BB | Solvency · B |
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FULL marks a complete published rating — per-metric sourcing plus four stress scenarios. CAP marks a protocol carrying a notching cap: a fatal-flaw ceiling that can override the weighted score. Growth Outlook grades adoption, not ability to pay; a solvent protocol can carry a weak outlook. Weakest Axis names the lowest of the three grades; it is a flag, not the credit grade. Everything else is a screen grade — Methodology v1.1 applied in reduced form so the whole universe stays comparable — and is provisional pending verification of its inputs. Grades reflect data as of November 12, 2026 and do not update between published re-screens.
Re-screen of November 12, 2026. TVL, 12-month TVL change and worst 90-day drawdown were refreshed for every screen-grade protocol (source: DefiLlama, parent-level listing); the previous screen was dated July 27, 2026. The other inputs are still the July 27, 2026 analyst estimates, except where a protocol page lists them as sourced. Report. The findings across the whole table are written up in State of DeFi Risk 2026. Input sources (November 13, 2026). For 11 protocols, each scored input now carries its source or is marked as an estimate: Morpho, EigenLayer, ether.fi, Hyperliquid, JustLend, Symbiotic, Kelp DAO, Renzo, Puffer, Bedrock, Ondo. Where public data settled an input, the scored value was updated and the page says what it was before. Methodology change (v1.1). TVL stability now scores the worse of the 90-day drawdown and the 12-month TVL decline. Under v1.0 it looked only at the last 90 days, which let a protocol that had lost most of its deposits over a year score better after one calm quarter. Each protocol page shows its July 27, 2026 and November 12, 2026 figures side by side. Aave's full rating was refreshed on November 13, 2026 under v1.1 (Solvency AA → A); its page explains the change.