The PulseChain ecosystem continues to grow rapidly through 2025, and its decentralized finance (DeFi) scene is starting to attract serious attention. With new liquidity pools, lending protocols, and decentralized exchanges emerging every month, it’s becoming one of the most active alternative chains in crypto.
Top 5 DeFi Projects on PulseChain in 2025
The PulseChain ecosystem continues to grow rapidly through 2025, and its decentralized finance (DeFi) scene is starting to attract serious attention. With new liquidity pools, lending protocols, and decentralized exchanges emerging every month, it's becoming one of the most active alternative chains in crypto.
If you want to explore all the projects building on PulseChain, you can visit pulsechainstats.com/ecosystem for a full list of live projects. To view the current rankings by total value locked (TVL), go to pulsechainstats.com/pulse-stats and open the "Top DeFi Protocols" section.
Here's a breakdown of the top five DeFi projects on PulseChain as of October 8th, 2025, based on total value locked.
1. PulseX V1 and V2 – $196 Million TVL
At the top of the list sits PulseX, the official decentralized exchange (DEX) launched by Richard Heart, the founder of PulseChain. PulseX V1 and V2 together hold around $196 million in total value locked, making it by far the largest protocol on the network.
PulseX functions as the main trading hub on PulseChain, similar to how Uniswap operates on Ethereum. With deep liquidity pools, yield farming opportunities, and a strong community, it's the foundation of PulseChain's DeFi ecosystem. Most new tokens launched on the network pair their liquidity here, and its low transaction costs make it especially attractive for active traders.
2. Liquid Loans – $21,055,028 TVL
In second place is Liquid Loans, a CDP (Collateralized Debt Position) protocol built specifically for PLS, the native token of PulseChain. It's a fork of the popular Liquity protocol, allowing users to borrow a stablecoin against their PLS without selling it.
With over $21 million in TVL, Liquid Loans has become a cornerstone for decentralized lending on PulseChain. The project emphasizes transparency and community governance, providing a non-custodial way to unlock liquidity while maintaining exposure to PLS price movements.
3. Earn Protocol – $10,411,523 TVL
Coming in third is Earn Protocol, which operates similarly to Liquid Loans but focuses on PLSX, the PulseX token. With more than $10.4 million in total value locked, Earn Protocol has quickly gained traction among PulseX holders who want to leverage their tokens or borrow against them.
Like its inspiration, it offers a stable, over-collateralized borrowing system and has become a key component of PulseChain's DeFi lending landscape. Its stability and consistent growth reflect strong user confidence in the PLSX ecosystem.
4. 9MM V3 DEX – $6,080,112 TVL
In fourth place is 9MM V3, a decentralized exchange built as a PancakeSwap V3 fork. With a TVL of just over $6 million, it's gaining popularity for its efficient liquidity management and competitive trading fees.
9MM V3 caters to users who prefer a more advanced DEX interface and features like concentrated liquidity, similar to Uniswap V3. The protocol has become a strong alternative for traders looking for diversity in PulseChain's growing DeFi marketplace.
5. FLEX Protocol – $5,169,111 TVL
Rounding out the top five is FLEX Protocol, a Liquity-style CDP system built for HEX holders. FLEX allows users to lock HEX and borrow stable assets while maintaining their exposure to HEX price action.
With over $5.1 million in TVL, FLEX is carving out a niche among HEX enthusiasts who prefer on-chain borrowing without centralized intermediaries. It's still relatively new but has already attracted a steady flow of users and liquidity.
Safety Tips for Exploring PulseChain DeFi
While PulseChain's DeFi ecosystem is expanding quickly, users should always approach new protocols with caution. Many projects are community-driven or unofficial forks, which means risks can vary widely.
It's always a good idea to use a secondary wallet when interacting with any new smart contract. Keep your main funds separate and double-check contract addresses before approving transactions.
As of October 8th, 2025, these five projects lead the PulseChain network by TVL, but the rankings can change rapidly as the ecosystem evolves.
The Bottom Line
PulseChain's DeFi scene is no longer just an experiment — it's becoming a full-fledged ecosystem with real liquidity, innovation, and active community participation. From PulseX dominating the DEX market to Liquid Loans, Earn Protocol, 9MM V3, and FLEX diversifying the DeFi offerings, PulseChain is proving it can compete with more established blockchains.
To keep up with the latest stats, head to pulsechainstats.com and track the live performance of each project. With new updates, integrations, and opportunities rolling out, PulseChain DeFi in 2025 is shaping up to be one of the most exciting spaces in crypto.