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 | -1.69% | 6.46% | $ 28.889B | 430.986K BTC | 9.260M ETH | |
2 |
WBTC WBTC | Ethereum | -0.79% | 9.07% | $ 10.367B | 154.671K BTC | 3.323M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 121.658K BTC | 2.614M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 105.996K BTC | 2.277M ETH | |
5 |
MakerDAO MKR | Ethereum | -1.03% | 7.77% | $ 5.626B | 83.939K BTC | 1.803M ETH | |
6 |
Pendle PENDLE | Ethereum | -0.81% | 10.42% | $ 4.878B | 72.778K BTC | 1.564M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 56.424K BTC | 1.212M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 37.013K BTC | 795.228K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 32.956K BTC | 708.058K ETH | |
10 |
Venus XVS | Binance | -0.80% | 10.28% | $ 1.697B | 25.316K BTC | 543.912K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 23.903K BTC | 513.564K ETH | |
12 |
Convex Finance CVX | Ethereum | -1.55% | 2.96% | $ 1.462B | 21.816K BTC | 468.723K ETH | |
13 |
Connext | Multi-Chain | -0.79% | 8.73% | $ 933.413M | 13.925K BTC | 299.187K ETH | |
14 |
Raydium RAY | Solana | -1.30% | 20.31% | $ 913.036M | 13.621K BTC | 292.656K ETH | |
15 |
Compound COMP | Ethereum | -1.10% | 7.24% | $ 894.870M | 13.350K BTC | 286.833K ETH | |
16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 11.980K BTC | 257.379K ETH | |
17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.782K BTC | 253.132K ETH | |
18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.975K BTC | 214.308K ETH | |
19 |
Liquity LQTY | Ethereum | -3.55% | 2.40% | $ 643.951M | 9.607K BTC | 206.406K ETH | |
20 |
xDAI Stake STAKE | Multi-Chain | -2.05% | 5.70% | $ 627.919M | 9.368K BTC | 201.267K ETH | |
21 |
Synthetix SNX | Ethereum | -5.10% | 3.11% | $ 539.405M | 8.047K BTC | 172.896K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.586K BTC | 162.975K ETH | |
23 |
Tornado Cash TORN | Ethereum | -1.66% | 4.65% | $ 441.744M | 6.590K BTC | 141.592K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.552K BTC | 140.765K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.993K BTC | 128.751K ETH | |
26 |
Lightning Network | Bitcoin | -1.14% | 9.03% | $ 323.128M | 4.821K BTC | 103.572K ETH | |
27 |
StakeWise SWISE | Ethereum | -1.30% | 6.96% | $ 318.222M | 4.748K BTC | 102.000K ETH | |
28 |
dYdX | Ethereum | -1.90% | -4.14% | $ 315.654M | 4.709K BTC | 101.177K ETH | |
29 |
Yearn Finance YFI | Ethereum | -1.24% | 4.30% | $ 277.977M | 4.147K BTC | 89.100K ETH | |
30 |
Nexus Mutual NXM | Ethereum | -1.52% | 6.05% | $ 250.847M | 3.742K BTC | 80.404K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | -0.98% | 2.54% | $ 246.974M | 3.685K BTC | 79.163K ETH | |
32 |
Orca | Solana | -1.42% | 14.71% | $ 241.095M | 3.597K BTC | 77.278K ETH | |
33 |
Flexa AMP | Ethereum | -2.40% | 0.63% | $ 205.697M | 3.069K BTC | 65.932K ETH | |
34 |
Tranchess CHESS | Binance | 1.05% | 12.39% | $ 190.182M | 2.837K BTC | 60.959K ETH | |
35 |
AnySwap ANY | Multi-Chain | -2.59% | 2.59% | $ 171.343M | 2.556K BTC | 54.920K ETH | |
36 |
Gambit Protocol GMT | Binance | -0.69% | 8.73% | $ 169.840M | 2.534K BTC | 54.439K ETH | |
37 |
Enzyme Finance MLN | Ethereum | -1.44% | 6.26% | $ 152.373M | 2.273K BTC | 48.840K ETH | |
38 |
Osmosis OSMO | Osmosis | -4.00% | 0.70% | $ 133.891M | 1.998K BTC | 42.916K ETH | |
39 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.748K BTC | 37.547K ETH | |
40 |
Abracadabra SPELL | Ethereum | -1.21% | 0.42% | $ 111.164M | 1.658K BTC | 35.631K ETH | |
41 |
Flamincome FLAG | Ethereum | -0.80% | 6.60% | $ 107.652M | 1.606K BTC | 34.506K ETH | |
42 |
Loopring LRC | Ethereum | -3.26% | 7.21% | $ 104.698M | 1.562K BTC | 33.559K ETH | |
43 |
Set Protocol | Ethereum | -2.36% | 9.63% | $ 90.288M | 1.347K BTC | 28.940K ETH | |
44 |
Hard Protocol HARD | Kava | -1.56% | 6.54% | $ 86.470M | 1.290K BTC | 27.716K ETH | |
45 |
Visor Finance VISR | Ethereum | -1.13% | 4.96% | $ 83.511M | 1.246K BTC | 26.768K ETH | |
46 |
MoneyOnChain MOC | RSK | -0.88% | 8.30% | $ 77.701M | 1.159K BTC | 24.906K ETH | |
47 |
Index Coop INDEX | Ethereum | -2.59% | 10.70% | $ 76.840M | 1.146K BTC | 24.630K ETH | |
48 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.118K BTC | 24.029K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.068K BTC | 22.943K ETH | |
50 |
Kava KAVA | Kava | -0.57% | 5.76% | $ 71.092M | 1.061K BTC | 22.787K 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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