The Total Value Locked (TVL) in the DeFi represents the amount of assets deposited by the liquidity providers in the different protocols developed in the DeFi space.
# | Name | Chain | 1d Change | 7d Change | Audited | TVL | TVL in BTC | TVL in ETH |
---|---|---|---|---|---|---|---|---|
1 |
Lido LDO | Multi-Chain | -2.41% | 0.43% | $ 27.916B | 456.101K BTC | 9.375M ETH | |
2 |
WBTC WBTC | Ethereum | -2.32% | 6.07% | $ 9.544B | 155.929K BTC | 3.205M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 133.231K BTC | 2.738M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 116.079K BTC | 2.386M ETH | |
5 |
MakerDAO MKR | Ethereum | -4.09% | -2.65% | $ 5.373B | 87.790K BTC | 1.804M ETH | |
6 |
Pendle PENDLE | Ethereum | -0.97% | 8.80% | $ 4.434B | 72.442K BTC | 1.489M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 61.791K BTC | 1.270M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 40.534K BTC | 833.154K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 36.091K BTC | 741.828K ETH | |
10 |
Venus XVS | Binance | -1.78% | 5.53% | $ 1.611B | 26.316K BTC | 540.908K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 26.177K BTC | 538.057K ETH | |
12 |
Convex Finance CVX | Ethereum | -0.65% | -1.82% | $ 1.453B | 23.741K BTC | 487.988K ETH | |
13 |
Connext | Multi-Chain | -3.12% | 0.94% | $ 884.669M | 14.454K BTC | 297.087K ETH | |
14 |
Compound COMP | Ethereum | -1.82% | 3.13% | $ 853.944M | 13.952K BTC | 286.769K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 13.119K BTC | 269.654K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.903K BTC | 265.205K ETH | |
17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.924K BTC | 224.529K ETH | |
18 |
Raydium RAY | Solana | 0.00% | 0.00% | $ 631.208M | 10.313K BTC | 211.971K ETH | |
19 |
Liquity LQTY | Ethereum | -2.49% | -3.57% | $ 629.362M | 10.283K BTC | 211.351K ETH | |
20 |
xDAI Stake STAKE | Multi-Chain | -2.68% | -1.51% | $ 626.711M | 10.239K BTC | 210.461K ETH | |
21 |
Synthetix SNX | Ethereum | -3.87% | -14.53% | $ 551.527M | 9.011K BTC | 185.212K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.307K BTC | 170.748K ETH | |
23 |
Tornado Cash TORN | Ethereum | -0.89% | 1.43% | $ 441.347M | 7.211K BTC | 148.212K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 7.175K BTC | 147.479K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.563K BTC | 134.891K ETH | |
26 |
dYdX | Ethereum | -0.62% | 1.83% | $ 328.941M | 5.374K BTC | 110.464K ETH | |
27 |
StakeWise SWISE | Ethereum | -2.34% | -1.44% | $ 308.279M | 5.037K BTC | 103.526K ETH | |
28 |
Lightning Network | Bitcoin | -1.98% | 7.63% | $ 296.481M | 4.844K BTC | 99.563K ETH | |
29 |
Yearn Finance YFI | Ethereum | -1.63% | -1.70% | $ 270.882M | 4.426K BTC | 90.967K ETH | |
30 |
Beefy Finance BIFI | Multi-Chain | -1.91% | 2.18% | $ 247.557M | 4.045K BTC | 83.134K ETH | |
31 |
Nexus Mutual NXM | Ethereum | -2.52% | -0.87% | $ 243.860M | 3.984K BTC | 81.892K ETH | |
32 |
Orca | Solana | -5.64% | 1.02% | $ 216.497M | 3.537K BTC | 72.703K ETH | |
33 |
Flexa AMP | Ethereum | -3.80% | -4.22% | $ 210.983M | 3.447K BTC | 70.852K ETH | |
34 |
AnySwap ANY | Multi-Chain | -2.25% | 4.98% | $ 181.261M | 2.961K BTC | 60.871K ETH | |
35 |
Tranchess CHESS | Binance | 0.51% | 32.94% | $ 169.657M | 2.772K BTC | 56.974K ETH | |
36 |
Gambit Protocol GMT | Binance | -1.74% | 0.84% | $ 157.401M | 2.572K BTC | 52.858K ETH | |
37 |
Enzyme Finance MLN | Ethereum | -2.50% | -0.22% | $ 147.367M | 2.408K BTC | 49.488K ETH | |
38 |
Osmosis OSMO | Osmosis | -2.37% | 1.86% | $ 139.485M | 2.279K BTC | 46.841K ETH | |
39 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.914K BTC | 39.338K ETH | |
40 |
Abracadabra SPELL | Ethereum | -2.25% | 0.76% | $ 112.754M | 1.842K BTC | 37.865K ETH | |
41 |
Loopring LRC | Ethereum | -2.05% | 3.18% | $ 102.750M | 1.679K BTC | 34.505K ETH | |
42 |
Flamincome FLAG | Ethereum | -1.90% | 3.52% | $ 101.784M | 1.663K BTC | 34.181K ETH | |
43 |
Set Protocol | Ethereum | -3.61% | 1.20% | $ 86.657M | 1.416K BTC | 29.101K ETH | |
44 |
Hard Protocol HARD | Kava | -1.36% | 2.45% | $ 84.011M | 1.373K BTC | 28.212K ETH | |
45 |
Visor Finance VISR | Ethereum | -2.94% | -1.46% | $ 81.822M | 1.337K BTC | 27.477K ETH | |
46 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.225K BTC | 25.175K ETH | |
47 |
Index Coop INDEX | Ethereum | -4.20% | 1.40% | $ 72.948M | 1.192K BTC | 24.497K ETH | |
48 |
MoneyOnChain MOC | RSK | -2.28% | 6.67% | $ 71.903M | 1.175K BTC | 24.146K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.169K BTC | 24.037K ETH | |
50 |
StakeDAO SDT | Ethereum | 0.73% | 4.24% | $ 70.761M | 1.156K BTC | 23.763K ETH |
Decentralized Finance (DeFi) is a financial system that operates without third party. In this financial system, we find the term Total Value Locked or TVL. TVL is an index that measures the health of the DeFi market. It also makes it possible to compare the market share of the different DeFi protocols. You should know that the higher the TVL is in a DeFi project, the better it is for the market.
Since the emergence of DeFi in 2017, the total value of locked funds is still on the rise. At the end of 2018, the TVL was estimated at $ 300 million. A year later, it has more than doubled, including $ 800 million. At the end of 2020 more than $ 50 billion stranded in DeFi projects. Today, the amount of assets deposited by the liquidity providers is estimated at over $ 100 billion.
There are three main use cases for DeFi.
One can easily borrow in this financial system. Here, transactions are settled instantly. There is the possibility of securing digital assets. These borrowing services are based on blockchains. Which reduces counterparty risks, makes loans accessible to everyone.
DeFi applications are decentralized financial applications (dapps). As part of monetary banking services, one can have the issuance of insurance, stablecoins, or mortgages.
This is the greatest potential for financial innovation. The available platforms allow users to trade cryptocurrency without having to go through an third party and without needing KYC. All transactions take place in the blockchain from user to user.
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