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 | -3.64% | -7.48% | $ 18.234B | 276.275K BTC | 4.975M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 123.555K BTC | 2.225M ETH | |
| 3 |
WBTC WBTC | Ethereum | -5.05% | -5.84% | $ 7.684B | 116.420K BTC | 2.096M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 107.649K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -4.97% | -9.71% | $ 6.592B | 99.886K BTC | 1.799M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 57.304K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 37.591K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.470K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | -0.18% | -7.08% | $ 2.087B | 31.615K BTC | 569.287K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.276K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -3.68% | -9.50% | $ 1.120B | 16.974K BTC | 305.651K ETH | |
| 12 |
Raydium RAY | Solana | -4.44% | -6.35% | $ 982.994M | 14.894K BTC | 268.193K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -0.23% | -3.78% | $ 849.548M | 12.872K BTC | 231.784K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.166K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.966K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.130K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -2.40% | -5.68% | $ 652.127M | 9.881K BTC | 177.922K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.704K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -4.05% | -6.01% | $ 480.812M | 7.285K BTC | 131.181K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.654K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.086K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -4.74% | -4.95% | $ 323.692M | 4.904K BTC | 88.314K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -4.79% | -9.77% | $ 270.018M | 4.091K BTC | 73.670K ETH | |
| 24 |
Orca | Solana | -1.83% | -4.27% | $ 242.516M | 3.674K BTC | 66.166K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -1.47% | -6.89% | $ 224.814M | 3.406K BTC | 61.337K ETH | |
| 26 |
Connext | Multi-Chain | -3.78% | -6.84% | $ 195.508M | 2.962K BTC | 53.341K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 15.16% | 6.68% | $ 162.529M | 2.463K BTC | 44.343K ETH | |
| 28 |
Liquity LQTY | Ethereum | -4.02% | -7.82% | $ 151.954M | 2.302K BTC | 41.458K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.36% | -7.05% | $ 137.891M | 2.089K BTC | 37.621K ETH | |
| 30 |
Compound COMP | Ethereum | -3.54% | -4.78% | $ 132.157M | 2.002K BTC | 36.057K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.775K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -3.54% | -6.15% | $ 96.498M | 1.462K BTC | 26.328K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -2.77% | -4.97% | $ 79.987M | 1.212K BTC | 21.823K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.136K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.085K BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 939 BTC | 16.906K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 912 BTC | 16.417K ETH | |
| 38 |
Frax FXS | Ethereum | -3.85% | -7.38% | $ 59.004M | 894 BTC | 16.098K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 784 BTC | 14.121K ETH | |
| 40 |
Kava KAVA | Kava | -2.67% | -6.46% | $ 49.484M | 750 BTC | 13.501K ETH | |
| 41 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 680 BTC | 12.245K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -2.47% | -5.00% | $ 43.422M | 658 BTC | 11.847K ETH | |
| 43 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 609 BTC | 10.970K ETH | |
| 44 |
dYdX | Ethereum | -0.38% | -0.68% | $ 39.268M | 595 BTC | 10.713K ETH | |
| 45 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 581 BTC | 10.461K ETH | |
| 46 |
MoneyOnChain MOC | RSK | -3.99% | -5.66% | $ 38.152M | 578 BTC | 10.409K ETH | |
| 47 |
Vesper VSP | Ethereum | -4.43% | -7.43% | $ 38.150M | 578 BTC | 10.409K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -1.93% | -3.43% | $ 30.151M | 457 BTC | 8.226K ETH | |
| 49 |
Alchemix ALCX | Ethereum | -3.46% | -6.12% | $ 28.433M | 431 BTC | 7.757K ETH | |
| 50 |
dHEDGE DHT | Ethereum | -0.41% | -1.24% | $ 25.137M | 381 BTC | 6.858K 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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