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 | 3.00% | 10.36% | $ 10.885B | 383.125K BTC | 6.002M ETH | |
2 |
![]() AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 287.034K BTC | 4.497M ETH | |
3 |
![]() MakerDAO MKR | Ethereum | -0.87% | -7.83% | $ 7.688B | 270.599K BTC | 4.239M ETH | |
4 |
![]() Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 250.081K BTC | 3.918M ETH | |
5 |
![]() WBTC WBTC | Ethereum | 5.02% | 15.31% | $ 4.285B | 150.826K BTC | 2.363M ETH | |
6 |
![]() PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 133.123K BTC | 2.086M ETH | |
7 |
![]() Convex Finance CVX | Ethereum | 1.40% | 7.24% | $ 3.738B | 131.571K BTC | 2.061M ETH | |
8 |
![]() InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 87.328K BTC | 1.368M ETH | |
9 |
![]() DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 77.755K BTC | 1.218M ETH | |
10 |
![]() AnySwap ANY | Multi-Chain | -2.66% | -0.79% | $ 1.570B | 55.273K BTC | 865.933K ETH | |
11 |
![]() Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 56.397K BTC | 883.532K ETH | |
12 |
![]() Compound COMP | Ethereum | 10.93% | 18.36% | $ 1.546B | 54.420K BTC | 852.565K ETH | |
13 |
![]() Frax FXS | Ethereum | -0.15% | 0.39% | $ 995.606M | 35.044K BTC | 549.016K ETH | |
14 |
![]() Venus XVS | Binance | -7.42% | 10.00% | $ 843.179M | 29.679K BTC | 464.961K ETH | |
15 |
![]() Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 28.264K BTC | 442.794K ETH | |
16 |
![]() SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 27.798K BTC | 435.487K ETH | |
17 |
![]() Liquity LQTY | Ethereum | 2.75% | 10.58% | $ 731.201M | 25.737K BTC | 403.212K ETH | |
18 |
![]() MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 23.534K BTC | 368.694K ETH | |
19 |
![]() Stacks STX | Stacks | -24.82% | 15.51% | $ 437.720M | 15.407K BTC | 241.376K ETH | |
20 |
![]() Gambit Protocol GMT | Binance | 5.38% | 14.97% | $ 620.194M | 21.830K BTC | 341.999K ETH | |
21 |
![]() BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 17.897K BTC | 280.382K ETH | |
22 |
![]() Synthetix SNX | Ethereum | -9.10% | -20.02% | $ 415.992M | 14.642K BTC | 229.394K ETH | |
23 |
![]() DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 15.458K BTC | 242.172K ETH | |
24 |
![]() Yearn Finance YFI | Ethereum | 2.81% | 5.06% | $ 430.811M | 15.164K BTC | 237.566K ETH | |
25 |
![]() Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 14.139K BTC | 221.502K ETH | |
26 |
![]() Beefy Finance BIFI | Multi-Chain | -1.21% | 5.60% | $ 353.477M | 12.442K BTC | 194.921K ETH | |
27 |
![]() dYdX | Ethereum | -0.64% | 9.29% | $ 338.667M | 11.921K BTC | 186.754K ETH | |
28 |
![]() Nexus Mutual NXM | Ethereum | 0.17% | 6.94% | $ 262.049M | 9.224K BTC | 144.504K ETH | |
29 |
![]() Tornado Cash TORN | Ethereum | 1.14% | 5.43% | $ 260.077M | 9.154K BTC | 143.417K ETH | |
30 |
![]() hBTC hBTC | Ethereum | 4.49% | 17.22% | $ 255.137M | 8.981K BTC | 140.693K ETH | |
31 |
![]() Abracadabra SPELL | Ethereum | -0.07% | 6.14% | $ 238.655M | 8.400K BTC | 131.604K ETH | |
32 |
![]() Olympus DAO OHM | Ethereum | -2.12% | -1.49% | $ 234.495M | 8.254K BTC | 129.309K ETH | |
33 |
![]() Ankr ANKR | Ethereum | -0.36% | 7.98% | $ 188.435M | 6.633K BTC | 103.910K ETH | |
34 |
![]() Osmosis OSMO | Osmosis | -3.79% | -3.08% | $ 166.934M | 5.876K BTC | 92.054K ETH | |
35 |
![]() xDAI Stake STAKE | Multi-Chain | -3.93% | 6.51% | $ 167.089M | 5.881K BTC | 92.139K ETH | |
36 |
![]() StakeWise SWISE | Ethereum | 1.98% | 9.35% | $ 164.243M | 5.781K BTC | 90.570K ETH | |
37 |
![]() Lightning Network | Bitcoin | 4.31% | 17.27% | $ 153.508M | 5.403K BTC | 84.650K ETH | |
38 |
![]() Alpaca Finance ALPACA | Binance | 38.38% | -44.48% | $ 208.553M | 7.341K BTC | 115.004K ETH | |
39 |
![]() KlaySwap KSP | Klaytn | 0.73% | 1.00% | $ 119.363M | 4.201K BTC | 65.821K ETH | |
40 |
![]() Loopring LRC | Ethereum | 8.25% | 16.06% | $ 123.139M | 4.334K BTC | 67.903K ETH | |
41 |
![]() StakeHound STETH | Ethereum | 1.59% | 8.65% | $ 118.864M | 4.184K BTC | 65.546K ETH | |
42 |
![]() Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 4.123K BTC | 64.596K ETH | |
43 |
![]() SpookySwap BOO | Fantom | -1.24% | 7.62% | $ 95.758M | 3.371K BTC | 52.805K ETH | |
44 |
![]() Flexa AMP | Ethereum | -15.02% | -17.51% | $ 81.880M | 2.882K BTC | 45.152K ETH | |
45 |
![]() Set Protocol | Ethereum | -0.48% | 5.25% | $ 87.512M | 3.080K BTC | 48.257K ETH | |
46 |
![]() Hard Protocol HARD | Kava | 5.50% | 9.12% | $ 91.556M | 3.223K BTC | 50.488K ETH | |
47 |
![]() Kava KAVA | Kava | -6.20% | -4.52% | $ 75.220M | 2.648K BTC | 41.479K ETH | |
48 |
![]() Enzyme Finance MLN | Ethereum | 1.47% | 7.75% | $ 77.455M | 2.726K BTC | 42.712K ETH | |
49 |
![]() Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 2.639K BTC | 41.340K ETH | |
50 |
![]() Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 2.519K BTC | 39.471K 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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