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 | 3.24% | 7.07% | $ 30.761B | 465.974K BTC | 9.475M ETH | |
2 |
WBTC WBTC | Ethereum | 0.35% | 6.25% | $ 10.319B | 156.316K BTC | 3.178M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 123.528K BTC | 2.512M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 107.625K BTC | 2.188M ETH | |
5 |
MakerDAO MKR | Ethereum | 1.99% | 6.26% | $ 6.112B | 92.593K BTC | 1.883M ETH | |
6 |
Pendle PENDLE | Ethereum | 4.07% | 14.69% | $ 5.211B | 78.939K BTC | 1.605M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 57.291K BTC | 1.165M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 37.582K BTC | 764.180K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.463K BTC | 680.414K ETH | |
10 |
Venus XVS | Binance | -4.95% | 1.57% | $ 1.618B | 24.511K BTC | 498.394K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.271K BTC | 493.513K ETH | |
12 |
Convex Finance CVX | Ethereum | 0.92% | 2.50% | $ 1.209B | 18.312K BTC | 372.338K ETH | |
13 |
Compound COMP | Ethereum | 0.21% | 8.87% | $ 955.958M | 14.481K BTC | 294.450K ETH | |
14 |
Connext | Multi-Chain | 2.73% | 15.99% | $ 869.127M | 13.166K BTC | 267.705K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.164K BTC | 247.331K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.963K BTC | 243.249K ETH | |
17 |
Liquity LQTY | Ethereum | 2.66% | 7.95% | $ 721.770M | 10.934K BTC | 222.317K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | -2.77% | 8.85% | $ 717.053M | 10.862K BTC | 220.864K ETH | |
19 |
Raydium RAY | Solana | 5.95% | 24.74% | $ 705.000M | 10.679K BTC | 217.151K ETH | |
20 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.128K BTC | 205.940K ETH | |
21 |
Synthetix SNX | Ethereum | 1.22% | 11.42% | $ 666.088M | 10.090K BTC | 205.166K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.702K BTC | 156.612K ETH | |
23 |
Tornado Cash TORN | Ethereum | 2.36% | 6.96% | $ 477.983M | 7.241K BTC | 147.226K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.653K BTC | 135.269K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.085K BTC | 123.724K ETH | |
26 |
StakeWise SWISE | Ethereum | 2.18% | 8.00% | $ 347.630M | 5.266K BTC | 107.076K ETH | |
27 |
dYdX | Ethereum | -0.24% | -0.18% | $ 336.343M | 5.095K BTC | 103.599K ETH | |
28 |
Lightning Network | Bitcoin | 0.31% | 7.26% | $ 308.909M | 4.679K BTC | 95.149K ETH | |
29 |
Yearn Finance YFI | Ethereum | 2.10% | 5.91% | $ 297.843M | 4.512K BTC | 91.740K ETH | |
30 |
Nexus Mutual NXM | Ethereum | 2.87% | 6.98% | $ 272.267M | 4.124K BTC | 83.863K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | 1.94% | 4.18% | $ 257.954M | 3.908K BTC | 79.454K ETH | |
32 |
Orca | Solana | -0.75% | 19.63% | $ 230.089M | 3.485K BTC | 70.871K ETH | |
33 |
Flexa AMP | Ethereum | -0.64% | 7.96% | $ 227.656M | 3.449K BTC | 70.122K ETH | |
34 |
AnySwap ANY | Multi-Chain | 1.66% | 9.92% | $ 200.908M | 3.043K BTC | 61.883K ETH | |
35 |
Gambit Protocol GMT | Binance | -0.86% | 3.44% | $ 171.363M | 2.596K BTC | 52.782K ETH | |
36 |
Enzyme Finance MLN | Ethereum | 2.51% | -2.73% | $ 161.767M | 2.450K BTC | 49.827K ETH | |
37 |
Osmosis OSMO | Osmosis | 0.75% | 10.13% | $ 155.679M | 2.358K BTC | 47.952K ETH | |
38 |
Abracadabra SPELL | Ethereum | 1.79% | 6.39% | $ 121.175M | 1.836K BTC | 37.324K ETH | |
39 |
Tranchess CHESS | Binance | 15.56% | 173.32% | $ 120.211M | 1.821K BTC | 37.027K ETH | |
40 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.774K BTC | 36.081K ETH | |
41 |
Loopring LRC | Ethereum | 2.78% | 12.38% | $ 114.615M | 1.736K BTC | 35.303K ETH | |
42 |
Flamincome FLAG | Ethereum | 0.76% | 5.14% | $ 108.516M | 1.644K BTC | 33.425K ETH | |
43 |
Set Protocol | Ethereum | 2.54% | 8.97% | $ 99.441M | 1.506K BTC | 30.629K ETH | |
44 |
Hard Protocol HARD | Kava | 0.62% | 12.10% | $ 92.849M | 1.406K BTC | 28.599K ETH | |
45 |
Visor Finance VISR | Ethereum | 1.49% | 6.87% | $ 88.482M | 1.340K BTC | 27.254K ETH | |
46 |
Index Coop INDEX | Ethereum | 4.05% | 11.67% | $ 86.064M | 1.304K BTC | 26.509K ETH | |
47 |
StakeDAO SDT | Ethereum | 1.48% | 16.82% | $ 79.129M | 1.199K BTC | 24.373K ETH | |
48 |
MoneyOnChain MOC | RSK | 0.39% | 19.65% | $ 77.150M | 1.169K BTC | 23.763K ETH | |
49 |
Kava KAVA | Kava | -5.51% | 40.40% | $ 75.213M | 1.139K BTC | 23.167K ETH | |
50 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.136K BTC | 23.091K 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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