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 |
|---|---|---|---|---|---|---|---|---|
| 110 |
DeversiFi DVF | Ethereum | 23.52% | 18.58% | $ 1.272M | 18 BTC | 347 ETH | |
| 102 |
Nerve NRV | Binance | 8.16% | -0.31% | $ 1.610M | 23 BTC | 439 ETH | |
| 218 |
Symmetric SYMM | Multi-Chain | 3.91% | -1.11% | $ 42.498K | 1 BTC | 12 ETH | |
| 197 |
Neutrino NSBT | Waves | 3.31% | -40.26% | $ 98.203K | 1 BTC | 27 ETH | |
| 263 |
Aquarius AQU | Fantom | 2.58% | 12.37% | $ 786 | 0 BTC | 0 ETH | |
| 111 |
Ellipsis Finance EPS | Binance | 2.26% | 2.02% | $ 1.237M | 18 BTC | 338 ETH | |
| 202 |
BarnBridge BOND | Ethereum | 2.23% | 16.92% | $ 88.373K | 1 BTC | 24 ETH | |
| 206 |
SnowSwap SNOW | Ethereum | 2.16% | -0.50% | $ 78.397K | 1 BTC | 21 ETH | |
| 40 |
Frax FXS | Ethereum | 1.73% | 1.16% | $ 50.487M | 733 BTC | 13.774K ETH | |
| 187 |
Mars Poolin MARS | Ethereum | 0.58% | 1.13% | $ 133.983K | 2 BTC | 37 ETH | |
| 190 |
Nerve Network NVT | Binance | 0.54% | -2.81% | $ 116.048K | 2 BTC | 32 ETH | |
| 7 |
Pendle PENDLE | Ethereum | 0.41% | 7.44% | $ 2.548B | 36.993K BTC | 695.202K ETH | |
| 51 |
Mercurial Finance MER | Solana | 0.41% | 1.67% | $ 25.357M | 368 BTC | 6.918K ETH | |
| 266 |
Gondola Finance GDL | Avalanche | 0.27% | 0.30% | $ 64 | 0 BTC | 0 ETH | |
| 161 |
Basis Cash BAC | Ethereum | 0.18% | 1.26% | $ 267.358K | 4 BTC | 73 ETH | |
| 91 |
mStable MTA | Multi-Chain | 0.12% | 0.90% | $ 3.193M | 46 BTC | 871 ETH | |
| 96 |
Flamingo Finance FLM | NEO | 0.11% | -1.32% | $ 2.549M | 37 BTC | 696 ETH | |
| 205 |
DFX Finance DFX | Ethereum | 0.05% | -6.09% | $ 80.652K | 1 BTC | 22 ETH | |
| 124 |
Smoothy SMTY | Ethereum | 0.05% | 0.28% | $ 947.978K | 14 BTC | 259 ETH | |
| 106 |
DerivaDEX DDX | Ethereum | 0.03% | 0.26% | $ 1.468M | 21 BTC | 401 ETH | |
| 156 |
Iron Finance IRON | Multi-Chain | 0.01% | 0.04% | $ 315.972K | 5 BTC | 86 ETH | |
| 267 |
S Finance SFG | Ethereum | 0.01% | 0.02% | $ 34 | 0 BTC | 0 ETH | |
| 144 |
APY.Finance APY | Ethereum | 0.00% | 0.06% | $ 413.977K | 6 BTC | 113 ETH | |
| 240 |
Channels Finance CAN | Heco | 0.00% | 0.00% | $ 14.150K | 0 BTC | 4 ETH | |
| 208 |
Pippi PIPI | Heco | 0.00% | 0.00% | $ 75.169K | 1 BTC | 21 ETH | |
| 188 |
UniTrade TRADE | Ethereum | 0.00% | 0.00% | $ 133.763K | 2 BTC | 36 ETH | |
| 93 |
Notional | Ethereum | 0.00% | 0.00% | $ 3.065M | 44 BTC | 836 ETH | |
| 33 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.346K BTC | 25.291K ETH | |
| 74 |
Secret Network SCRT | Secret | 0.00% | 0.00% | $ 7.007M | 102 BTC | 1.912K ETH | |
| 212 |
Oxygen OXY | Solana | 0.00% | 0.00% | $ 55.916K | 1 BTC | 15 ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.701K BTC | 31.960K ETH | |
| 271 |
WeStarter WAR | Heco | 0.00% | 0.00% | $ 4 | 0 BTC | 0 ETH | |
| 243 |
MakiSwap MAKI | Heco | 0.00% | 0.00% | $ 13.533K | 0 BTC | 4 ETH | |
| 261 |
Synthetix SNX | Ethereum | 0.00% | 0.00% | $ 1.789K | 0 BTC | 0 ETH | |
| 157 |
Swerve SWRV | Ethereum | 0.00% | 0.03% | $ 305.161K | 4 BTC | 83 ETH | |
| 233 |
TrueFi TRU | Ethereum | 0.00% | -0.01% | $ 23.670K | 0 BTC | 6 ETH | |
| 65 |
ACryptoS ACS | Binance | -0.01% | 0.01% | $ 10.560M | 153 BTC | 2.881K ETH | |
| 241 |
Qilin QI | Ethereum | -0.01% | 0.00% | $ 14.013K | 0 BTC | 4 ETH | |
| 120 |
dForce DF | Multi-Chain | -0.01% | -0.09% | $ 1.033M | 15 BTC | 282 ETH | |
| 150 |
Volmex | Ethereum | -0.03% | 0.01% | $ 371.929K | 5 BTC | 101 ETH | |
| 42 |
Idle Finance IDLE | Ethereum | -0.07% | 2.20% | $ 45.947M | 667 BTC | 12.536K ETH | |
| 222 |
CompliFi COMFI | Multi-Chain | -0.09% | -0.06% | $ 37.224K | 1 BTC | 10 ETH | |
| 146 |
yAxis YAX | Ethereum | -0.14% | -0.12% | $ 393.094K | 6 BTC | 107 ETH | |
| 158 |
Jarvis Network JRT | Ethereum | -0.16% | 0.29% | $ 292.944K | 4 BTC | 80 ETH | |
| 86 |
PoolTogether POOL | Multi-Chain | -0.18% | 1.53% | $ 4.556M | 66 BTC | 1.243K ETH | |
| 137 |
Bearn BFI | Binance | -0.25% | -0.12% | $ 596.969K | 9 BTC | 163 ETH | |
| 54 |
Injective Protocol INJ | Ethereum | -0.25% | -1.74% | $ 16.988M | 247 BTC | 4.635K ETH | |
| 178 |
Dopple Finance DOP | Binance | -0.26% | -0.08% | $ 162.565K | 2 BTC | 44 ETH | |
| 223 |
Hyper Finance HYFI | Binance | -0.33% | 0.14% | $ 35.866K | 1 BTC | 10 ETH | |
| 198 |
PolyQuity PQY | Polygon | -0.35% | 1.30% | $ 94.740K | 1 BTC | 26 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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