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 |
|---|---|---|---|---|---|---|---|---|
| 222 |
Ethernity Chain ERN | Multi-Chain | -5.06% | 81.16% | $ 29.177K | 0 BTC | 19 ETH | |
| 59 |
Hard Protocol HARD | Kava | -1.43% | 36.90% | $ 9.909M | 163 BTC | 6.344K ETH | |
| 98 |
DeversiFi DVF | Ethereum | 11.76% | 31.93% | $ 1.625M | 27 BTC | 1.040K ETH | |
| 188 |
imToken imBTC | Ethereum | -2.77% | 10.10% | $ 102.407K | 2 BTC | 66 ETH | |
| 266 |
DeFiner FIN | Ethereum | -5.47% | 7.05% | $ 324 | 0 BTC | 0 ETH | |
| 173 |
Liquid Driver LQDR | Fantom | -4.58% | 6.22% | $ 157.674K | 3 BTC | 101 ETH | |
| 224 |
Bao Finance BAO | Multi-Chain | -2.08% | 6.14% | $ 28.641K | 0 BTC | 18 ETH | |
| 196 |
DFX Finance DFX | Ethereum | -0.22% | 4.09% | $ 80.586K | 1 BTC | 52 ETH | |
| 251 |
Waka Finance WAKA | Fantom | -13.12% | 3.76% | $ 4.509K | 0 BTC | 3 ETH | |
| 264 |
Shiba Fantom SHIBA | Fantom | -13.40% | 3.19% | $ 668 | 0 BTC | 0 ETH | |
| 273 |
Tomb Finance TOMB | Fantom | -13.42% | 3.14% | $ 0 | 0 BTC | 0 ETH | |
| 99 |
DerivaDEX DDX | Ethereum | -0.02% | 1.71% | $ 1.614M | 26 BTC | 1.033K ETH | |
| 58 |
ACryptoS ACS | Binance | 0.04% | 0.09% | $ 10.559M | 173 BTC | 6.760K ETH | |
| 151 |
Swerve SWRV | Ethereum | 0.05% | 0.06% | $ 305.361K | 5 BTC | 195 ETH | |
| 150 |
Iron Finance IRON | Multi-Chain | 0.00% | 0.06% | $ 315.898K | 5 BTC | 202 ETH | |
| 268 |
S Finance SFG | Ethereum | -0.01% | 0.04% | $ 34 | 0 BTC | 0 ETH | |
| 140 |
APY.Finance APY | Ethereum | 0.01% | 0.03% | $ 413.852K | 7 BTC | 265 ETH | |
| 240 |
Qilin QI | Ethereum | 0.00% | 0.01% | $ 13.992K | 0 BTC | 9 ETH | |
| 231 |
TrueFi TRU | Ethereum | 0.11% | -0.01% | $ 21.725K | 0 BTC | 14 ETH | |
| 143 |
Volmex | Ethereum | -0.03% | -0.06% | $ 366.087K | 6 BTC | 234 ETH | |
| 132 |
Smoothy SMTY | Ethereum | -0.05% | -0.17% | $ 493.476K | 8 BTC | 316 ETH | |
| 170 |
Dopple Finance DOP | Binance | -0.26% | -0.26% | $ 163.080K | 3 BTC | 104 ETH | |
| 109 |
dForce DF | Multi-Chain | -0.12% | -0.32% | $ 1.024M | 17 BTC | 655 ETH | |
| 174 |
Mars Poolin MARS | Ethereum | -0.36% | -0.33% | $ 138.439K | 2 BTC | 89 ETH | |
| 215 |
CompliFi COMFI | Multi-Chain | -0.08% | -0.38% | $ 37.062K | 1 BTC | 24 ETH | |
| 127 |
Bearn BFI | Binance | 0.11% | -0.69% | $ 594.923K | 10 BTC | 381 ETH | |
| 120 |
Ellipsis Finance EPS | Binance | 0.01% | -0.90% | $ 840.616K | 14 BTC | 538 ETH | |
| 85 |
mStable MTA | Multi-Chain | -0.30% | -1.08% | $ 3.134M | 51 BTC | 2.006K ETH | |
| 235 |
Firebird HOPE | Polygon | -1.05% | -1.17% | $ 17.553K | 0 BTC | 11 ETH | |
| 82 |
Idle Finance IDLE | Ethereum | -1.12% | -1.17% | $ 3.588M | 59 BTC | 2.297K ETH | |
| 156 |
Basis Cash BAC | Ethereum | -0.38% | -1.46% | $ 260.353K | 4 BTC | 167 ETH | |
| 198 |
SnowSwap SNOW | Ethereum | -0.35% | -1.46% | $ 77.002K | 1 BTC | 49 ETH | |
| 190 |
PolyQuity PQY | Polygon | -0.25% | -1.53% | $ 91.534K | 2 BTC | 59 ETH | |
| 96 |
B.Protocol BPRO | Ethereum | -0.20% | -1.71% | $ 1.753M | 29 BTC | 1.122K ETH | |
| 185 |
CVI Finance GOVI | Ethereum | -0.52% | -1.86% | $ 114.043K | 2 BTC | 73 ETH | |
| 43 |
dYdX | Ethereum | -0.44% | -1.96% | $ 38.388M | 630 BTC | 24.575K ETH | |
| 101 |
Nerve NRV | Binance | -0.22% | -2.03% | $ 1.463M | 24 BTC | 937 ETH | |
| 136 |
Perpetual Protocol PERP | xDai | -0.65% | -2.19% | $ 422.169K | 7 BTC | 270 ETH | |
| 137 |
yAxis YAX | Ethereum | -0.22% | -2.32% | $ 415.537K | 7 BTC | 266 ETH | |
| 78 |
PoolTogether POOL | Multi-Chain | -0.57% | -2.34% | $ 4.350M | 71 BTC | 2.785K ETH | |
| 107 |
Depth DEP | Heco | -0.34% | -2.40% | $ 1.150M | 19 BTC | 736 ETH | |
| 250 |
Erasure NMR | Ethereum | -0.12% | -2.69% | $ 4.720K | 0 BTC | 3 ETH | |
| 219 |
Hyper Finance HYFI | Binance | -0.45% | -3.47% | $ 34.679K | 1 BTC | 22 ETH | |
| 187 |
Levinswap LEVIN | xDai | -0.71% | -3.84% | $ 111.311K | 2 BTC | 71 ETH | |
| 155 |
Jarvis Network JRT | Ethereum | -0.92% | -3.92% | $ 268.753K | 4 BTC | 172 ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.34% | -4.14% | $ 5.878B | 96.407K BTC | 3.763M ETH | |
| 164 |
Wasabix WASABI | Ethereum | -0.51% | -4.89% | $ 196.084K | 3 BTC | 126 ETH | |
| 233 |
KokomoSwap KOKOMO | Binance | -0.75% | -5.38% | $ 20.252K | 0 BTC | 13 ETH | |
| 229 |
Canary CNR | Avalanche | -1.30% | -5.63% | $ 24.112K | 0 BTC | 15 ETH | |
| 73 |
Inverse Finance INV | Ethereum | -1.15% | -6.00% | $ 5.588M | 92 BTC | 3.578K 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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