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 | 3.12% | 5.81% | $ 31.161B | 489.555K BTC | 9.438M ETH | |
2 |
WBTC WBTC | Ethereum | 0.93% | -1.30% | $ 9.911B | 155.707K BTC | 3.002M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 128.114K BTC | 2.470M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 111.621K BTC | 2.152M ETH | |
5 |
MakerDAO MKR | Ethereum | 2.10% | 6.54% | $ 6.235B | 97.954K BTC | 1.888M ETH | |
6 |
Pendle PENDLE | Ethereum | 4.75% | -8.60% | $ 4.462B | 70.106K BTC | 1.352M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.418K BTC | 1.146M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.978K BTC | 751.438K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.705K BTC | 669.068K ETH | |
10 |
Venus XVS | Binance | 3.54% | -0.63% | $ 1.636B | 25.704K BTC | 495.543K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.172K BTC | 485.284K ETH | |
12 |
Convex Finance CVX | Ethereum | 0.08% | 33.05% | $ 1.589B | 24.960K BTC | 481.195K ETH | |
13 |
Connext | Multi-Chain | 4.16% | 17.32% | $ 977.232M | 15.353K BTC | 295.984K ETH | |
14 |
Compound COMP | Ethereum | 1.56% | -1.20% | $ 907.736M | 14.261K BTC | 274.935K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.615K BTC | 243.206K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.407K BTC | 239.193K ETH | |
17 |
Liquity LQTY | Ethereum | 3.08% | 5.45% | $ 733.019M | 11.516K BTC | 222.017K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | 2.71% | -0.11% | $ 700.674M | 11.008K BTC | 212.220K ETH | |
19 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.504K BTC | 202.507K ETH | |
20 |
Synthetix SNX | Ethereum | 4.12% | 0.67% | $ 647.807M | 10.177K BTC | 196.208K ETH | |
21 |
Raydium RAY | Solana | 3.01% | -1.38% | $ 631.208M | 9.917K BTC | 191.180K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.988K BTC | 154.001K ETH | |
23 |
Tornado Cash TORN | Ethereum | 2.77% | 5.22% | $ 488.557M | 7.676K BTC | 147.974K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.900K BTC | 133.014K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.311K BTC | 121.661K ETH | |
26 |
StakeWise SWISE | Ethereum | 3.14% | 4.17% | $ 349.762M | 5.495K BTC | 105.936K ETH | |
27 |
dYdX | Ethereum | -0.91% | -2.70% | $ 324.541M | 5.099K BTC | 98.297K ETH | |
28 |
Yearn Finance YFI | Ethereum | 1.02% | 3.68% | $ 300.362M | 4.719K BTC | 90.974K ETH | |
29 |
Lightning Network | Bitcoin | 0.97% | -0.19% | $ 299.436M | 4.704K BTC | 90.693K ETH | |
30 |
Nexus Mutual NXM | Ethereum | 2.52% | 4.91% | $ 275.795M | 4.333K BTC | 83.533K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | 1.94% | 2.45% | $ 255.875M | 4.020K BTC | 77.500K ETH | |
32 |
Orca | Solana | 7.67% | -2.72% | $ 221.671M | 3.483K BTC | 67.140K ETH | |
33 |
Flexa AMP | Ethereum | 0.41% | -5.36% | $ 212.358M | 3.336K BTC | 64.319K ETH | |
34 |
AnySwap ANY | Multi-Chain | -2.99% | -3.69% | $ 188.988M | 2.969K BTC | 57.241K ETH | |
35 |
Gambit Protocol GMT | Binance | 0.91% | -1.69% | $ 168.103M | 2.641K BTC | 50.915K ETH | |
36 |
Enzyme Finance MLN | Ethereum | 2.75% | 4.09% | $ 164.129M | 2.579K BTC | 49.711K ETH | |
37 |
Osmosis OSMO | Osmosis | 1.19% | -3.00% | $ 145.454M | 2.285K BTC | 44.055K ETH | |
38 |
Tranchess CHESS | Binance | 12.56% | 85.67% | $ 139.583M | 2.193K BTC | 42.277K ETH | |
39 |
Abracadabra SPELL | Ethereum | 1.83% | 2.99% | $ 121.488M | 1.909K BTC | 36.796K ETH | |
40 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.840K BTC | 35.480K ETH | |
41 |
Loopring LRC | Ethereum | 2.03% | 0.80% | $ 109.937M | 1.727K BTC | 33.298K ETH | |
42 |
Flamincome FLAG | Ethereum | 1.05% | 0.35% | $ 106.394M | 1.672K BTC | 32.224K ETH | |
43 |
Set Protocol | Ethereum | 2.64% | 3.72% | $ 98.726M | 1.551K BTC | 29.902K ETH | |
44 |
Visor Finance VISR | Ethereum | 2.37% | 4.15% | $ 89.267M | 1.402K BTC | 27.037K ETH | |
45 |
Hard Protocol HARD | Kava | 0.66% | -1.66% | $ 87.488M | 1.374K BTC | 26.498K ETH | |
46 |
Index Coop INDEX | Ethereum | 3.44% | 5.08% | $ 85.267M | 1.340K BTC | 25.826K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.178K BTC | 22.706K ETH | |
48 |
MoneyOnChain MOC | RSK | 0.33% | 9.96% | $ 73.977M | 1.162K BTC | 22.406K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.125K BTC | 21.679K ETH | |
50 |
Ankr ANKR | Ethereum | -2.18% | -0.01% | $ 67.154M | 1.055K BTC | 20.340K 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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