DeFi MCap/TVL Screener — Undervalued Protocol Discovery

What does DeFi MCap/TVL Screener do?

DeFi MCap/TVL Screener processes 7,000+ DeFi protocols from DefiLlama and ranks them by the MCap/TVL ratio — the core DeFi valuation metric used to identify undervalued and overvalued protocols relative to the capital they control. Every protocol record is enriched with alpha opportunity signals, TVL growth momentum, capital efficiency ratios, audit safety scores, and protocol stickiness labels, giving you a comprehensive screener output in a single flat-fee run. No API key is required.

Why use DeFi MCap/TVL Screener?

• Broadest DeFi coverage available — 7,000+ protocols across Ethereum, Solana, BNB Chain, Arbitrum, Base, and dozens of other chains are processed in every run, sourced directly from the DefiLlama /protocols API so no data is stale or sampled.
• Composite alpha opportunity signal — the alpha_opportunity field (high_alpha, moderate, fairly_priced, overpriced, avoid) combines MCap/TVL valuation, TVL growth momentum, and audit safety score into a single actionable label, saving hours of manual cross-referencing.
• Capital efficiency ratio — protocols that generate high annualised revenue relative to their TVL are flagged with a capital_efficiency_ratio, making it easy to distinguish productive DeFi protocols from those that lock capital without meaningful yield.
• Audit and safety scoring — the audit_safety_score (0–100) reflects the number of independent audits, presence of a bug bounty, insurance coverage, and hack history, giving a quick risk proxy alongside valuation data.
• Flat $0.007 per run — regardless of how many protocols are returned or how many filters you apply, the entire 7,000-protocol dataset is processed for less than one cent per run, making it practical to schedule daily screener runs for systematic portfolio monitoring.

How to use DeFi MCap/TVL Screener

1. Go to the Apify Store and open DeFi MCap/TVL Screener.
2. Click Try for free to open the Actor in Apify Console.
3. Set minTvlUsdM (default 10) to filter out micro-protocols below your minimum TVL threshold in millions of USD.
4. Optionally set minMcapUsdM to require a minimum market capitalisation in millions.
5. Set topN (default 50) to control how many protocols appear in each ranked list.
6. Optionally set category (e.g. Lending, DEX, Liquid Staking) to restrict results to a single DeFi category.
7. Click Start — the run completes in under 60 seconds.
8. Download results as JSON or integrate via the Apify API into your research dashboard or alert system.

Input

Field	Type	Default	Description
minTvlUsdM	number	10	Minimum TVL in millions USD — filters out dust protocols
minMcapUsdM	number	0	Minimum market cap in millions USD (0 = no filter)
topN	integer	50	Number of protocols to include in each ranked output list
category	string	—	Filter by DeFi category: Lending, DEX, Yield, Liquid Staking, Cross Chain Bridge, RWA, Options, Derivatives, etc.

Output

The first record is a screener_summary aggregate. Subsequent records are per-protocol entries grouped by list_type:

[
  {
    "type": "screener_summary",
    "protocols_qualified": 312,
    "total_defi_tvl_tracked": 98400000000,
    "market_avg_mcap_to_tvl": 1.84,
    "most_undervalued_defi": [
      {
        "name": "Curve Finance",
        "symbol": "CRV",
        "mcap_to_tvl_signal": "deeply_undervalued",
        "mcap_tvl_ratio": 0.18,
        "tvl_usd": 1850000000
      }
    ],
    "high_alpha_opportunities": [
      {
        "name": "Aave",
        "symbol": "AAVE",
        "mcap_to_tvl_signal": "undervalued",
        "tvl_growth_momentum": "growing",
        "audit_safety_score": 80,
        "tvl_usd": 12400000000
      }
    ],
    "fetched_at": "2025-06-15T08:00:00+00:00"
  },
  {
    "list_type": "low_mcap_tvl",
    "rank": 1,
    "name": "Curve Finance",
    "symbol": "CRV",
    "category": "DEX",
    "tvl_usd": 1850000000,
    "mcap_usd": 333000000,
    "mcap_tvl_ratio": 0.18,
    "valuation_label": "deeply-undervalued",
    "tvl_momentum": "stable",
    "protocol_category": "dex",
    "value_score": 100,
    "institutional_appeal": "high",
    "change_tvl_1d_pct": 0.32,
    "change_tvl_7d_pct": -1.2,
    "change_tvl_30d_pct": 4.5,
    "chains": ["Ethereum", "Arbitrum", "Optimism"],
    "mcap_to_tvl_signal": "deeply_undervalued",
    "tvl_growth_momentum": "stable",
    "capital_efficiency_ratio": 3.2104,
    "protocol_stickiness": "blue_chip",
    "token_dilution_risk": "moderate_inflation",
    "governance_concentration": "moderate",
    "audit_safety_score": 60,
    "alpha_opportunity": "moderate",
    "fetched_at": "2025-06-15T08:00:00+00:00"
  }
]

Data fields

Field	Description
list_type	Which ranked list this record belongs to: low_mcap_tvl, high_mcap_tvl, highest_tvl, high_alpha
rank	Position within the list (1 = best by the list's sort criterion)
name	Protocol name (e.g. Aave, Uniswap, Lido)
symbol	Governance token ticker
category	Raw DefiLlama category string
tvl_usd	Total value locked in USD
mcap_usd	Token market capitalisation in USD
mcap_tvl_ratio	Market cap divided by TVL — the primary valuation metric
valuation_label	Human-readable ratio interpretation: deeply-undervalued, undervalued, fair-value, overvalued, highly-overvalued
mcap_to_tvl_signal	Fine-grained signal: deeply_undervalued, undervalued, fair_value, overvalued, extremely_overvalued
tvl_momentum	7-day TVL trend: surging, growing, stable, declining, collapsing
tvl_growth_momentum	30-day TVL trend: hypergrowth, growing, stable, declining, collapsing
change_tvl_1d_pct	TVL change over the past 24 hours (%)
change_tvl_7d_pct	TVL change over the past 7 days (%)
change_tvl_30d_pct	TVL change over the past 30 days (%)
capital_efficiency_ratio	Annualised revenue as a % of TVL — how productively the protocol monetises its capital
protocol_stickiness	Retention label: blue_chip, established, growing, new, at_risk
token_dilution_risk	Tokenomics risk: deflationary, low_inflation, moderate_inflation, high_inflation, hyperinflationary
governance_concentration	Token distribution proxy: decentralized, moderate, concentrated, plutocracy
audit_safety_score	0–100 safety proxy: audits (+40), bug bounty (+20), no hacks (+20), insurance (+20)
alpha_opportunity	Composite signal: high_alpha, moderate, fairly_priced, overpriced, avoid
value_score	0–100 inverse ratio score (100 = ratio ≈ 0, deeply undervalued)
institutional_appeal	TVL-based institutional interest: high (≥$1B), medium (≥$100M), low
protocol_category	Normalised category: lending, dex, yield, bridge, derivatives, restaking, liquid-staking, rwa, other
chains	List of chains the protocol is deployed on
defillamaId	Protocol ID from DefiLlama (for linking to https://defillama.com/protocol/<id>)
fetched_at	ISO 8601 UTC timestamp of data collection

Cost estimation

Pricing: $0.007 flat per run (Pay-Per-Event). The price is the same regardless of how many protocols are returned.

Scenario	Frequency	Cost per run	Monthly cost
One-off research	Manual	$0.007	$0.007
Daily monitoring	Every day	$0.007	$0.21
Real-time (4x/day)	Every 6 hours	$0.007	$0.84

At daily frequency, monitoring the entire DeFi valuation landscape costs less than $3/year.

FAQ

What does MCap/TVL < 1 actually mean? When a protocol's market cap is lower than its total value locked, the token is trading at a discount to the assets the protocol controls. This can signal undervaluation — or it can reflect genuine concerns about the protocol's sustainability, tokenomics, or security. Always review audit_safety_score, tvl_growth_momentum, and protocol_stickiness alongside the ratio before drawing conclusions.

How often is the underlying data updated? The Actor fetches live data from the DefiLlama /protocols endpoint on every run. DefiLlama itself updates TVL figures every few minutes for most major protocols. For the freshest data, schedule runs at whatever frequency your analysis requires — there is no data caching within the Actor.

Can I use this to screen only lending protocols or DEXes? Yes. Set the category input to Lending, DEX, Liquid Staking, or any other DefiLlama category string to restrict results to that segment. The full list of valid categories includes: Lending, DEX, Yield, Yield Aggregator, CDP, Options, Derivatives, Staking Pool, Liquid Staking, Cross Chain Bridge, Algo-Stables, RWA, and Uncollateralized Lending.

Disclaimer: DeFi MCap/TVL Screener provides data aggregated from publicly available on-chain sources via DefiLlama. MCap/TVL ratios, alpha opportunity signals, and safety scores are computed heuristics and do not constitute financial or investment advice. DeFi protocols carry significant smart contract, liquidity, and regulatory risks. Always conduct your own research and consult a qualified financial professional before making investment decisions.

Keywords: DeFi MCap TVL ratio, DeFi valuation screener, undervalued DeFi tokens, DefiLlama screener, TVL screener, DeFi protocol ranker, DeFi gem finder, MCap TVL metric, DeFi alpha opportunities, on-chain valuation metrics

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Related actors

• DeFi TVL Velocity Ranker — TVL growth momentum to validate undervalued protocols found here
• Protocol Revenue Leaderboard — Revenue/TVL efficiency to complement MCap/TVL signals
• DeFi Risk Dashboard — Protocol risk scores to filter screener results for safety

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