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 | -1.07% | 1.91% | $ 29.252B | 463.402K BTC | 9.351M ETH | |
2 |
WBTC WBTC | Ethereum | -2.35% | -1.94% | $ 9.786B | 155.030K BTC | 3.128M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 129.182K BTC | 2.607M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 112.551K BTC | 2.271M ETH | |
5 |
MakerDAO MKR | Ethereum | -0.76% | 3.85% | $ 5.853B | 92.725K BTC | 1.871M ETH | |
6 |
Pendle PENDLE | Ethereum | -1.12% | -12.63% | $ 4.122B | 65.299K BTC | 1.318M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.913K BTC | 1.209M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 39.303K BTC | 793.093K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.994K BTC | 706.158K ETH | |
10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.382K BTC | 512.185K ETH | |
11 |
Venus XVS | Binance | -1.04% | -2.14% | $ 1.570B | 24.872K BTC | 501.898K ETH | |
12 |
Convex Finance CVX | Ethereum | -0.98% | 32.93% | $ 1.563B | 24.760K BTC | 499.638K ETH | |
13 |
Connext | Multi-Chain | 2.43% | 13.42% | $ 899.209M | 14.245K BTC | 287.450K ETH | |
14 |
Compound COMP | Ethereum | -1.84% | -2.16% | $ 883.502M | 13.996K BTC | 282.429K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.720K BTC | 256.688K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.511K BTC | 252.453K ETH | |
17 |
Liquity LQTY | Ethereum | -1.08% | 1.57% | $ 687.947M | 10.898K BTC | 219.916K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | -2.23% | -0.91% | $ 669.417M | 10.605K BTC | 213.992K ETH | |
19 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.592K BTC | 213.732K ETH | |
20 |
Raydium RAY | Solana | -7.98% | 1.97% | $ 619.599M | 9.815K BTC | 198.067K ETH | |
21 |
Synthetix SNX | Ethereum | -2.38% | -3.29% | $ 615.507M | 9.751K BTC | 196.759K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.055K BTC | 162.538K ETH | |
23 |
Tornado Cash TORN | Ethereum | -0.82% | 1.33% | $ 460.714M | 7.298K BTC | 147.276K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.957K BTC | 140.387K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.363K BTC | 128.405K ETH | |
26 |
StakeWise SWISE | Ethereum | -1.41% | 1.12% | $ 328.760M | 5.208K BTC | 105.095K ETH | |
27 |
dYdX | Ethereum | -0.22% | -2.01% | $ 327.226M | 5.184K BTC | 104.604K ETH | |
28 |
Lightning Network | Bitcoin | -2.06% | -0.84% | $ 295.353M | 4.679K BTC | 94.416K ETH | |
29 |
Yearn Finance YFI | Ethereum | -0.55% | 0.74% | $ 287.790M | 4.559K BTC | 91.998K ETH | |
30 |
Nexus Mutual NXM | Ethereum | -1.20% | 1.06% | $ 259.510M | 4.111K BTC | 82.958K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | -1.24% | 1.31% | $ 248.650M | 3.939K BTC | 79.486K ETH | |
32 |
Flexa AMP | Ethereum | -3.81% | -1.85% | $ 208.551M | 3.304K BTC | 66.667K ETH | |
33 |
Orca | Solana | -4.87% | -4.24% | $ 206.636M | 3.273K BTC | 66.055K ETH | |
34 |
AnySwap ANY | Multi-Chain | -5.17% | -5.23% | $ 185.375M | 2.937K BTC | 59.259K ETH | |
35 |
Gambit Protocol GMT | Binance | -1.07% | -1.82% | $ 164.809M | 2.611K BTC | 52.684K ETH | |
36 |
Enzyme Finance MLN | Ethereum | -0.83% | 0.45% | $ 155.038M | 2.456K BTC | 49.561K ETH | |
37 |
Osmosis OSMO | Osmosis | 0.33% | -2.48% | $ 140.678M | 2.229K BTC | 44.971K ETH | |
38 |
Tranchess CHESS | Binance | 0.25% | 105.33% | $ 117.944M | 1.868K BTC | 37.703K ETH | |
39 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.856K BTC | 37.446K ETH | |
40 |
Abracadabra SPELL | Ethereum | -1.11% | 0.82% | $ 116.469M | 1.845K BTC | 37.232K ETH | |
41 |
Loopring LRC | Ethereum | -2.67% | -0.02% | $ 105.390M | 1.670K BTC | 33.690K ETH | |
42 |
Flamincome FLAG | Ethereum | -1.62% | -0.85% | $ 104.223M | 1.651K BTC | 33.317K ETH | |
43 |
Set Protocol | Ethereum | -1.47% | -0.33% | $ 92.782M | 1.470K BTC | 29.660K ETH | |
44 |
Hard Protocol HARD | Kava | -2.07% | 0.47% | $ 86.506M | 1.370K BTC | 27.653K ETH | |
45 |
Visor Finance VISR | Ethereum | -1.43% | 2.13% | $ 85.464M | 1.354K BTC | 27.320K ETH | |
46 |
Index Coop INDEX | Ethereum | -2.47% | -0.88% | $ 78.511M | 1.244K BTC | 25.098K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.188K BTC | 23.965K ETH | |
48 |
MoneyOnChain MOC | RSK | -2.23% | 10.25% | $ 73.287M | 1.161K BTC | 23.428K ETH | |
49 |
StakeDAO SDT | Ethereum | -1.33% | 3.48% | $ 72.389M | 1.147K BTC | 23.140K ETH | |
50 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.134K BTC | 22.881K 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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