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 | -8.25% | -18.88% | $ 32.413B | 511.987K BTC | 9.872M ETH | |
2 |
WBTC WBTC | Ethereum | -6.95% | -12.23% | $ 9.880B | 156.057K BTC | 3.009M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 128.809K BTC | 2.484M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 112.226K BTC | 2.164M ETH | |
5 |
MakerDAO MKR | Ethereum | -12.11% | -22.53% | $ 6.650B | 105.047K BTC | 2.026M ETH | |
6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.740K BTC | 1.152M ETH | |
7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 39.189K BTC | 755.661K ETH | |
8 |
Pendle PENDLE | Ethereum | -6.54% | -11.08% | $ 2.210B | 34.901K BTC | 672.978K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.893K BTC | 672.829K ETH | |
10 |
Convex Finance CVX | Ethereum | -8.58% | -20.10% | $ 1.621B | 25.612K BTC | 493.860K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.309K BTC | 488.011K ETH | |
12 |
Venus XVS | Binance | -11.23% | -5.39% | $ 1.528B | 24.135K BTC | 465.392K ETH | |
13 |
Compound COMP | Ethereum | -9.60% | -21.67% | $ 948.554M | 14.983K BTC | 288.913K ETH | |
14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.684K BTC | 244.573K ETH | |
15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.474K BTC | 240.537K ETH | |
16 |
Liquity LQTY | Ethereum | -9.58% | -20.56% | $ 784.505M | 12.392K BTC | 238.946K ETH | |
17 |
Synthetix SNX | Ethereum | -7.50% | -9.43% | $ 766.646M | 12.110K BTC | 233.507K ETH | |
18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.561K BTC | 203.645K ETH | |
19 |
xDAI Stake STAKE | Multi-Chain | -9.70% | -22.92% | $ 658.983M | 10.409K BTC | 200.714K ETH | |
20 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.031K BTC | 154.867K ETH | |
21 |
Tornado Cash TORN | Ethereum | -8.20% | -16.01% | $ 482.382M | 7.620K BTC | 146.925K ETH | |
22 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.937K BTC | 133.761K ETH | |
23 |
Raydium RAY | Solana | -11.25% | 60.09% | $ 418.305M | 6.607K BTC | 127.408K ETH | |
24 |
dYdX | Ethereum | -0.68% | -0.40% | $ 402.503M | 6.358K BTC | 122.595K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.345K BTC | 122.345K ETH | |
26 |
StakeWise SWISE | Ethereum | -8.59% | -18.77% | $ 340.988M | 5.386K BTC | 103.859K ETH | |
27 |
Yearn Finance YFI | Ethereum | -8.01% | -16.02% | $ 325.722M | 5.145K BTC | 99.209K ETH | |
28 |
Lightning Network | Bitcoin | -7.27% | -9.80% | $ 294.743M | 4.656K BTC | 89.774K ETH | |
29 |
Nexus Mutual NXM | Ethereum | -8.27% | -18.46% | $ 285.756M | 4.514K BTC | 87.036K ETH | |
30 |
Flexa AMP | Ethereum | -11.26% | -30.71% | $ 251.331M | 3.970K BTC | 76.551K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | -5.39% | -6.05% | $ 238.406M | 3.766K BTC | 72.614K ETH | |
32 |
AnySwap ANY | Multi-Chain | -9.05% | -19.04% | $ 211.462M | 3.340K BTC | 64.408K ETH | |
33 |
Orca | Solana | -25.18% | -3.44% | $ 210.928M | 3.332K BTC | 64.245K ETH | |
34 |
Enzyme Finance MLN | Ethereum | -8.31% | -17.54% | $ 185.485M | 2.930K BTC | 56.495K ETH | |
35 |
Gambit Protocol GMT | Binance | -6.55% | -11.48% | $ 183.634M | 2.901K BTC | 55.932K ETH | |
36 |
Osmosis OSMO | Osmosis | -7.85% | -17.77% | $ 180.160M | 2.846K BTC | 54.874K ETH | |
37 |
Loopring LRC | Ethereum | -9.82% | -13.75% | $ 139.900M | 2.210K BTC | 42.611K ETH | |
38 |
Abracadabra SPELL | Ethereum | -8.20% | -20.07% | $ 133.175M | 2.104K BTC | 40.563K ETH | |
39 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.850K BTC | 35.679K ETH | |
40 |
Flamincome FLAG | Ethereum | -5.81% | -10.91% | $ 105.866M | 1.672K BTC | 32.245K ETH | |
41 |
Hard Protocol HARD | Kava | -6.48% | -12.27% | $ 103.962M | 1.642K BTC | 31.665K ETH | |
42 |
Ankr ANKR | Ethereum | -8.37% | -14.11% | $ 101.428M | 1.602K BTC | 30.893K ETH | |
43 |
Visor Finance VISR | Ethereum | -7.97% | -14.26% | $ 97.698M | 1.543K BTC | 29.757K ETH | |
44 |
Index Coop INDEX | Ethereum | -11.64% | -25.11% | $ 91.355M | 1.443K BTC | 27.825K ETH | |
45 |
Set Protocol | Ethereum | -8.49% | -48.34% | $ 79.192M | 1.251K BTC | 24.121K ETH | |
46 |
StakeDAO SDT | Ethereum | -7.98% | -18.56% | $ 78.525M | 1.240K BTC | 23.917K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.184K BTC | 22.834K ETH | |
48 |
Kava KAVA | Kava | -8.45% | -19.66% | $ 74.689M | 1.180K BTC | 22.749K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.131K BTC | 21.801K ETH | |
50 |
MoneyOnChain MOC | RSK | -6.99% | -11.39% | $ 66.490M | 1.050K BTC | 20.252K 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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