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 | 0.19% | 2.75% | $ 15.954B | 249.972K BTC | 9.033M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 127.766K BTC | 4.617M ETH | |
| 3 |
WBTC WBTC | Ethereum | 1.57% | 2.64% | $ 7.193B | 112.703K BTC | 4.073M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 111.317K BTC | 4.023M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.08% | 2.95% | $ 5.865B | 91.897K BTC | 3.321M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.257K BTC | 2.141M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.872K BTC | 1.405M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.611K BTC | 1.251M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.104K BTC | 907.174K ETH | |
| 10 |
Venus XVS | Binance | 0.44% | -0.07% | $ 1.019B | 15.971K BTC | 577.143K ETH | |
| 11 |
Pendle PENDLE | Ethereum | 0.31% | 2.42% | $ 1.012B | 15.863K BTC | 573.251K ETH | |
| 12 |
Raydium RAY | Solana | 0.29% | -4.53% | $ 874.762M | 13.706K BTC | 495.285K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.581K BTC | 454.642K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.373K BTC | 447.140K ETH | |
| 15 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.476K BTC | 378.559K ETH | |
| 16 |
StakeWise SWISE | Ethereum | 0.05% | 2.31% | $ 654.119M | 10.249K BTC | 370.358K ETH | |
| 17 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.966K BTC | 287.884K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | -0.01% | 9.45% | $ 484.829M | 7.596K BTC | 274.507K ETH | |
| 19 |
Convex Finance CVX | Ethereum | 0.76% | -0.98% | $ 470.334M | 7.369K BTC | 266.300K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.881K BTC | 248.652K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.293K BTC | 227.429K ETH | |
| 22 |
Lightning Network | Bitcoin | 0.20% | -0.45% | $ 282.996M | 4.434K BTC | 160.230K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.82% | 2.29% | $ 248.817M | 3.898K BTC | 140.879K ETH | |
| 24 |
Orca | Solana | 0.41% | -0.04% | $ 242.387M | 3.798K BTC | 137.238K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 1.26% | 1.97% | $ 144.461M | 2.263K BTC | 81.793K ETH | |
| 26 |
Liquity LQTY | Ethereum | 0.04% | 2.27% | $ 128.775M | 2.018K BTC | 72.912K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.835K BTC | 66.324K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | 0.16% | 0.69% | $ 107.206M | 1.680K BTC | 60.699K ETH | |
| 29 |
StakeDAO SDT | Ethereum | -0.23% | -0.29% | $ 99.704M | 1.562K BTC | 56.452K ETH | |
| 30 |
Compound COMP | Ethereum | 0.41% | 0.09% | $ 88.828M | 1.392K BTC | 50.294K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -0.13% | 1.80% | $ 81.445M | 1.276K BTC | 46.114K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 0.57% | 3.32% | $ 79.886M | 1.252K BTC | 45.231K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.175K BTC | 42.446K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.121K BTC | 40.527K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 971 BTC | 35.085K ETH | |
| 36 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 943 BTC | 34.069K ETH | |
| 37 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 811 BTC | 29.305K ETH | |
| 38 |
Vesper VSP | Ethereum | 0.07% | 9.13% | $ 46.225M | 724 BTC | 26.172K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 703 BTC | 25.411K ETH | |
| 40 |
Frax FXS | Ethereum | 0.92% | -10.75% | $ 42.911M | 672 BTC | 24.296K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 630 BTC | 22.765K ETH | |
| 42 |
Mercurial Finance MER | Solana | -0.16% | -1.91% | $ 39.352M | 617 BTC | 22.281K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 601 BTC | 21.709K ETH | |
| 44 |
dYdX | Ethereum | 0.00% | 0.19% | $ 37.599M | 589 BTC | 21.288K ETH | |
| 45 |
AnySwap ANY | Multi-Chain | 0.17% | 0.58% | $ 37.062M | 581 BTC | 20.984K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 0.03% | 1.34% | $ 28.694M | 450 BTC | 16.246K ETH | |
| 47 |
Connext | Multi-Chain | -0.16% | -1.01% | $ 21.956M | 344 BTC | 12.432K ETH | |
| 48 |
dHEDGE DHT | Ethereum | 0.93% | 1.19% | $ 19.755M | 310 BTC | 11.185K ETH | |
| 49 |
Ankr ANKR | Ethereum | 0.03% | 1.47% | $ 18.966M | 297 BTC | 10.739K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 1.28% | -27.75% | $ 18.261M | 286 BTC | 10.339K 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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