ETH: Ether Locked in DeFi by Sector
Ethereum Ether Locked in DeFi by Sector: daily data through 8 Nov 2026.
How much ether is locked each day in the covered DeFi protocols on Ethereum, by what it is used for: lent or held as collateral, staked through a liquid staking protocol, or restaked.
Why use it. Counting in ether rather than dollars removes the price: the stack shows whether more ether is actually being put to work in DeFi. How to read it. Each band is one sector; the top of the stack is the ether locked in the covered protocols. Liquid staking tokens deposited in lending markets are claims on ether already counted in liquid staking, so they are not added again.
Calculation. Lending markets and vaults: ether and wrapped ether supplied to Aave, Spark, Compound v3, Morpho Blue and locked in Sky's vaults, less the ether borrowed from them, from the lending charts' dollar figures divided by CryptoKeyhole's ETH/USD close of the day. Liquid staking: the estimated active stake of Lido, Rocket Pool and StakeWise. Restaking: the estimated active stake of EigenLayer's EigenPods (native restaking). Covered protocols, Ethereum mainnet only. Lending (Aave v2 and v3, Spark, Compound v3, Morpho Blue): what is supplied less what is borrowed, the deposits the protocol still holds, from the lending charts (Lending: Supplied by Protocol and Borrowed by Protocol). Sky's vaults: the collateral locked; their DAI and USDS debt is minted, not taken from depositors, so it is not subtracted. Liquid staking (Lido, Rocket Pool, StakeWise) and EigenLayer's native restaking (EigenPods): each one's estimated active stake, from the staking charts, valued at CryptoKeyhole's ETH/USD close of the day. Counted once: the liquid staking tokens deposited in those lending markets and vaults, less those borrowed, are taken out, because their ether is already counted in staking; that group includes tokens of issuers not covered here (such as Coinbase's cbETH), so the counted-once figure errs slightly low. Not counted yet: decentralised exchanges' pools, Curve, Pendle, yield vaults, bridges, tokens deposited in EigenLayer's strategies, and the older Aave v1 and Compound v2, so the total is lower than all of DeFi on Ethereum, by more in 2021 and 2022 when those were large. Daily from 1 December 2020, from CryptoKeyhole's own Ethereum node; the latest day is a partial until it closes.