Fluid
Credit · Leveraged Yield · FLUID
Fluid (formerly Instadapp) combines lending, vaults and DEX liquidity through a shared liquidity layer, so the same capital can support lending and trading.
Capital-efficient lending + DEX hybrid on a shared liquidity layer.
FLUID price
$0.9550
+1.3% 24h
Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Fluid and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Aave | Safest broad money-market brand. | Both let users supply and borrow crypto assets onchain. | Aave is the broadest general-purpose pooled money market — brand, liquidity depth, multi-chain reach and risk tooling. |
| 2 | Morpho | Customizable lending infrastructure. | Both push capital efficiency beyond simple pools. | Fluid fuses lending with DEX liquidity; Morpho isolates lending markets. |
| 3 | Sky | Stablecoins aren't built to sit still. | Both operate in Credit. | Protocol-set Sky Savings Rate, instant no-lockup yield via sUSDS, and the Sky Agent Network for allocator-driven deployment. |
| 4 | JustLend | The largest lending market on Tron. | Both operate in Credit. | Big by lending TVL on Tron (notably USDT); not an Ethereum/L2 competitor — its data pipeline is Tron/TVM rather than EVM. |
| 5 | Kamino | Solana-native lending with isolated/curated markets. | Both operate in Credit. | Solana-native isolated/curated lending — a major cross-chain competitor, but metrics come from Solana programs/accounts rather than EVM contracts. |
| 6 | USD.AI | It lets crypto/stablecoin capital fund real-world AI compute infrastructure, especially GPUs, and turns that into a stablecoin/yield product. | Both operate in Credit. | It is not just "a stablecoin company." It is more like a RWA/private credit protocol where the RWA is AI compute infrastructure. |
| 7 | Clearpool | Institutional uncollateralized lending pools. | Both operate in Credit. | Permissionless lender side over KYC'd institutional borrowers; utilization-driven rates and single-borrower Credit Vaults. |
| 8 | Extra Finance | Lending + leveraged LP farming on the Superchain. | Both in Credit (Leveraged Yield). | Tightly integrated lend + leverage-farm design focused on the Optimism/Base (Superchain) DEX ecosystem, with up to ~7x LP leverage. |
| 9 | Goldfinch | Uncollateralized crypto loans to real-world businesses. | Both operate in Credit. | Uncollateralized lending underwritten by human backers; Goldfinch Prime brings institutional private-credit funds on-chain. |
| 10 | Venus | Leading money market on BNB Chain. | Both operate in Credit. | Competes by ecosystem (BNB Chain) rather than directly on Ethereum; similar pooled model to JustLend but BNB-centric. |
| 11 | Stella | Pay-as-you-earn leveraged strategies (ex-Alpha Homora). | Both in Credit (Leveraged Yield). | 0% borrow APR — lenders are compensated from strategy profit share rather than interest, aligning incentives between borrowers and lenders. |
| 12 | Centrifuge | Tokenizing illiquid real-world business assets. | Both operate in Credit. | Per-pool bankruptcy-remote SPVs with DROP (senior) / TIN (junior) tranches connect legal collateral to on-chain lenders. |
| 13 | Gearbox | Composable leverage via Credit Accounts. | Both in Credit (Leveraged Yield). | Credit Accounts compose leverage across protocols rather than a single isolated farm — up to ~10x with a unified margin position. |