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 |
![]() AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 402.922K BTC | 7.103M ETH | |
2 |
![]() MakerDAO MKR | Ethereum | 2.90% | -0.15% | $ 7.847B | 387.708K BTC | 6.834M ETH | |
3 |
![]() Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 351.050K BTC | 6.188M ETH | |
4 |
![]() WBTC WBTC | Ethereum | 3.51% | -3.57% | $ 5.264B | 260.096K BTC | 4.585M ETH | |
5 |
![]() Lido LDO | Multi-Chain | 5.62% | -2.37% | $ 4.941B | 244.147K BTC | 4.304M ETH | |
6 |
![]() PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 186.871K BTC | 3.294M ETH | |
7 |
![]() Convex Finance CVX | Ethereum | 1.41% | 3.18% | $ 3.206B | 158.409K BTC | 2.792M ETH | |
8 |
![]() Compound COMP | Ethereum | 2.74% | -0.43% | $ 2.736B | 135.204K BTC | 2.383M ETH | |
9 |
![]() InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 122.585K BTC | 2.161M ETH | |
10 |
![]() DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 109.148K BTC | 1.924M ETH | |
11 |
![]() AnySwap ANY | Multi-Chain | 0.26% | -3.25% | $ 1.902B | 93.979K BTC | 1.657M ETH | |
12 |
![]() Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 79.167K BTC | 1.396M ETH | |
13 |
![]() Frax FXS | Ethereum | -3.60% | -4.20% | $ 1.261B | 62.322K BTC | 1.099M ETH | |
14 |
![]() Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 39.675K BTC | 699.385K ETH | |
15 |
![]() hBTC hBTC | Ethereum | 4.66% | -1.36% | $ 791.997M | 39.133K BTC | 689.819K ETH | |
16 |
![]() SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 39.021K BTC | 687.844K ETH | |
17 |
![]() MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 33.036K BTC | 582.345K ETH | |
18 |
![]() dYdX | Ethereum | -0.41% | -8.41% | $ 623.224M | 30.794K BTC | 542.820K ETH | |
19 |
![]() Venus XVS | Binance | 2.35% | -2.54% | $ 619.002M | 30.585K BTC | 539.143K ETH | |
20 |
![]() Yearn Finance YFI | Ethereum | -0.10% | -6.09% | $ 530.421M | 26.208K BTC | 461.990K ETH | |
21 |
![]() BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 25.123K BTC | 442.858K ETH | |
22 |
![]() Alpaca Finance ALPACA | Binance | 2.63% | 11.29% | $ 459.259M | 22.692K BTC | 400.008K ETH | |
23 |
![]() Synthetix SNX | Ethereum | 5.23% | 15.95% | $ 441.002M | 21.790K BTC | 384.107K ETH | |
24 |
![]() DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 21.699K BTC | 382.506K ETH | |
25 |
![]() Liquity LQTY | Ethereum | 6.21% | -0.72% | $ 405.067M | 20.014K BTC | 352.808K ETH | |
26 |
![]() Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 19.847K BTC | 349.858K ETH | |
27 |
![]() Abracadabra SPELL | Ethereum | -0.33% | -3.08% | $ 363.952M | 17.983K BTC | 316.997K ETH | |
28 |
![]() Olympus DAO OHM | Ethereum | 0.71% | -1.12% | $ 324.041M | 16.011K BTC | 282.236K ETH | |
29 |
![]() Tornado Cash TORN | Ethereum | 5.33% | -5.43% | $ 306.124M | 15.126K BTC | 266.630K ETH | |
30 |
![]() Beefy Finance BIFI | Multi-Chain | 4.78% | -0.19% | $ 251.497M | 12.426K BTC | 219.050K ETH | |
31 |
![]() Serum SRM | Solana | -5.25% | 8.56% | $ 250.974M | 12.401K BTC | 218.595K ETH | |
32 |
![]() Flexa AMP | Ethereum | -1.63% | 3.52% | $ 232.859M | 11.506K BTC | 202.818K ETH | |
33 |
![]() Gambit Protocol GMT | Binance | 2.36% | 0.02% | $ 230.031M | 11.366K BTC | 200.354K ETH | |
34 |
![]() Raydium RAY | Solana | 2.68% | -0.09% | $ 217.683M | 10.756K BTC | 189.599K ETH | |
35 |
![]() xDAI Stake STAKE | Multi-Chain | 1.21% | -5.44% | $ 213.340M | 10.541K BTC | 185.816K ETH | |
36 |
![]() Stacks STX | Stacks | 14.10% | -4.37% | $ 211.801M | 10.465K BTC | 184.475K ETH | |
37 |
![]() Kava KAVA | Kava | 1.65% | -1.19% | $ 199.444M | 9.855K BTC | 173.713K ETH | |
38 |
![]() SolFarm TULIP | Solana | 0.66% | 38.92% | $ 191.689M | 9.471K BTC | 166.959K ETH | |
39 |
![]() KlaySwap KSP | Klaytn | 1.12% | -2.06% | $ 187.466M | 9.263K BTC | 163.280K ETH | |
40 |
![]() Armor ARMOR | Ethereum | 5.83% | -2.55% | $ 182.886M | 9.036K BTC | 159.291K ETH | |
41 |
![]() Bancor BNT | Ethereum | 2.58% | -7.67% | $ 174.684M | 8.631K BTC | 152.147K ETH | |
42 |
![]() Nexus Mutual NXM | Ethereum | 5.82% | -2.51% | $ 174.626M | 8.628K BTC | 152.097K ETH | |
43 |
![]() Loopring LRC | Ethereum | 4.48% | 1.47% | $ 167.635M | 8.283K BTC | 146.008K ETH | |
44 |
![]() Osmosis OSMO | Osmosis | 3.77% | 4.54% | $ 164.455M | 8.126K BTC | 143.238K ETH | |
45 |
![]() Neutrino NSBT | Waves | 3.15% | -13.24% | $ 162.119M | 8.010K BTC | 141.203K ETH | |
46 |
![]() RenVM REN | Multi-Chain | 4.72% | -11.32% | $ 155.673M | 7.692K BTC | 135.589K ETH | |
47 |
![]() DODO DODO | Multi-Chain | 0.81% | 52.39% | $ 147.629M | 7.294K BTC | 128.583K ETH | |
48 |
![]() Mango Markets | Solana | 4.84% | 1.48% | $ 131.162M | 6.481K BTC | 114.241K ETH | |
49 |
![]() Alchemix ALCX | Ethereum | 1.18% | -1.11% | $ 129.638M | 6.405K BTC | 112.913K ETH | |
50 |
![]() StakeDAO SDT | Ethereum | 0.22% | -5.07% | $ 123.094M | 6.082K BTC | 107.213K 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.