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 | 0.05% | 5.41% | $ 26.050B | 285.756K BTC | 7.107M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.06% | 2.96% | $ 11.294B | 123.889K BTC | 3.081M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 89.452K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 77.936K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -4.88% | 6.31% | $ 5.758B | 63.157K BTC | 1.571M ETH | |
| 6 |
Pendle PENDLE | Ethereum | -14.15% | -16.28% | $ 3.850B | 42.228K BTC | 1.050M ETH | |
| 7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 41.487K BTC | 1.032M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.215K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.232K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.576K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -0.54% | 2.00% | $ 1.564B | 17.161K BTC | 426.833K ETH | |
| 12 |
Raydium RAY | Solana | -0.32% | 5.32% | $ 1.552B | 17.024K BTC | 423.419K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -0.03% | 5.10% | $ 1.096B | 12.020K BTC | 298.960K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | 0.03% | 4.07% | $ 1.021B | 11.197K BTC | 278.498K ETH | |
| 15 |
Convex Finance CVX | Ethereum | 0.26% | 3.85% | $ 962.013M | 10.553K BTC | 262.469K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.808K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.663K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.334K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.577K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 7.57% | 10.09% | $ 474.260M | 5.202K BTC | 129.394K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.817K BTC | 119.818K ETH | |
| 22 |
Yearn Finance YFI | Ethereum | -0.82% | -0.38% | $ 438.254M | 4.807K BTC | 119.570K ETH | |
| 23 |
Compound COMP | Ethereum | 1.64% | 6.61% | $ 404.687M | 4.439K BTC | 110.412K ETH | |
| 24 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.406K BTC | 109.591K ETH | |
| 25 |
xDAI Stake STAKE | Multi-Chain | 0.20% | 5.16% | $ 361.984M | 3.971K BTC | 98.761K ETH | |
| 26 |
Orca | Solana | -0.33% | 2.07% | $ 358.682M | 3.935K BTC | 97.860K ETH | |
| 27 |
Connext | Multi-Chain | -1.94% | -0.42% | $ 263.086M | 2.886K BTC | 71.778K ETH | |
| 28 |
Liquity LQTY | Ethereum | -0.06% | 5.00% | $ 241.068M | 2.644K BTC | 65.771K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -0.12% | 0.83% | $ 219.502M | 2.408K BTC | 59.887K ETH | |
| 30 |
StakeDAO SDT | Ethereum | 3.28% | 8.32% | $ 192.902M | 2.116K BTC | 52.630K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -0.07% | 4.80% | $ 142.124M | 1.559K BTC | 38.776K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -1.60% | 1.06% | $ 129.192M | 1.417K BTC | 35.248K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.285K BTC | 31.960K ETH | |
| 34 |
Frax FXS | Ethereum | 3.08% | 4.41% | $ 99.981M | 1.097K BTC | 27.278K ETH | |
| 35 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.017K BTC | 25.291K ETH | |
| 36 |
MoneyOnChain MOC | RSK | 1.20% | 5.77% | $ 81.820M | 898 BTC | 22.323K ETH | |
| 37 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 822 BTC | 20.453K ETH | |
| 38 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 785 BTC | 19.529K ETH | |
| 39 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 680 BTC | 16.906K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 660 BTC | 16.417K ETH | |
| 41 |
Mercurial Finance MER | Solana | -0.56% | 38.78% | $ 55.763M | 612 BTC | 15.214K ETH | |
| 42 |
Ankr ANKR | Ethereum | 0.17% | -0.80% | $ 52.049M | 571 BTC | 14.201K ETH | |
| 43 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 568 BTC | 14.121K ETH | |
| 44 |
Idle Finance IDLE | Ethereum | 0.01% | 0.15% | $ 47.441M | 520 BTC | 12.943K ETH | |
| 45 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 492 BTC | 12.245K ETH | |
| 46 |
Vesper VSP | Ethereum | 0.21% | 5.64% | $ 43.065M | 472 BTC | 11.750K ETH | |
| 47 |
Alchemix ALCX | Ethereum | 0.39% | 5.05% | $ 41.640M | 457 BTC | 11.361K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.34% | 1.86% | $ 41.620M | 457 BTC | 11.355K ETH | |
| 49 |
dYdX | Ethereum | -0.06% | 0.67% | $ 40.827M | 448 BTC | 11.139K ETH | |
| 50 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 441 BTC | 10.970K 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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