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 | -1.05% | 2.21% | $ 29.218B | 464.071K BTC | 9.368M ETH | |
2 |
WBTC WBTC | Ethereum | -2.19% | -1.28% | $ 9.793B | 155.539K BTC | 3.140M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 129.520K BTC | 2.614M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 112.845K BTC | 2.278M ETH | |
5 |
MakerDAO MKR | Ethereum | -0.68% | 3.60% | $ 5.852B | 92.953K BTC | 1.876M ETH | |
6 |
Pendle PENDLE | Ethereum | -0.87% | -12.21% | $ 4.127B | 65.556K BTC | 1.323M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 60.070K BTC | 1.213M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 39.405K BTC | 795.423K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 35.086K BTC | 708.232K ETH | |
10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.448K BTC | 513.690K ETH | |
11 |
Venus XVS | Binance | -1.29% | -1.59% | $ 1.571B | 24.945K BTC | 503.531K ETH | |
12 |
Convex Finance CVX | Ethereum | -0.99% | 33.12% | $ 1.559B | 24.763K BTC | 499.849K ETH | |
13 |
Connext | Multi-Chain | 2.85% | 13.93% | $ 901.037M | 14.311K BTC | 288.881K ETH | |
14 |
Compound COMP | Ethereum | -1.81% | -2.09% | $ 880.139M | 13.979K BTC | 282.180K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.754K BTC | 257.443K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.543K BTC | 253.194K ETH | |
17 |
Liquity LQTY | Ethereum | -1.25% | 1.90% | $ 687.071M | 10.913K BTC | 220.281K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | -1.53% | -0.61% | $ 670.211M | 10.645K BTC | 214.876K ETH | |
19 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.619K BTC | 214.360K ETH | |
20 |
Synthetix SNX | Ethereum | -1.71% | -1.98% | $ 615.507M | 9.776K BTC | 197.337K ETH | |
21 |
Raydium RAY | Solana | -7.46% | 1.42% | $ 609.079M | 9.674K BTC | 195.276K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.076K BTC | 163.015K ETH | |
23 |
Tornado Cash TORN | Ethereum | -0.61% | 1.65% | $ 462.138M | 7.340K BTC | 148.166K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.975K BTC | 140.800K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.380K BTC | 128.782K ETH | |
26 |
StakeWise SWISE | Ethereum | -1.80% | 0.95% | $ 327.853M | 5.207K BTC | 105.113K ETH | |
27 |
dYdX | Ethereum | -0.19% | -1.82% | $ 327.393M | 5.200K BTC | 104.965K ETH | |
28 |
Lightning Network | Bitcoin | -2.03% | -0.16% | $ 295.536M | 4.694K BTC | 94.751K ETH | |
29 |
Yearn Finance YFI | Ethereum | -0.51% | 0.97% | $ 287.659M | 4.569K BTC | 92.226K ETH | |
30 |
Nexus Mutual NXM | Ethereum | -1.02% | 1.46% | $ 259.293M | 4.118K BTC | 83.132K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | -1.05% | 1.29% | $ 248.319M | 3.944K BTC | 79.613K ETH | |
32 |
Flexa AMP | Ethereum | -3.00% | -1.96% | $ 208.310M | 3.309K BTC | 66.786K ETH | |
33 |
Orca | Solana | -5.86% | -3.56% | $ 205.080M | 3.257K BTC | 65.751K ETH | |
34 |
AnySwap ANY | Multi-Chain | -5.12% | -5.23% | $ 185.429M | 2.945K BTC | 59.450K ETH | |
35 |
Gambit Protocol GMT | Binance | -1.22% | -2.05% | $ 164.751M | 2.617K BTC | 52.821K ETH | |
36 |
Enzyme Finance MLN | Ethereum | -0.92% | 0.85% | $ 154.901M | 2.460K BTC | 49.663K ETH | |
37 |
Osmosis OSMO | Osmosis | 1.09% | -3.03% | $ 140.439M | 2.231K BTC | 45.026K ETH | |
38 |
Tranchess CHESS | Binance | 0.53% | 107.15% | $ 118.477M | 1.882K BTC | 37.985K ETH | |
39 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.861K BTC | 37.556K ETH | |
40 |
Abracadabra SPELL | Ethereum | -0.92% | 1.35% | $ 116.588M | 1.852K BTC | 37.379K ETH | |
41 |
Loopring LRC | Ethereum | -1.69% | 0.56% | $ 105.660M | 1.678K BTC | 33.876K ETH | |
42 |
Flamincome FLAG | Ethereum | -1.50% | -0.40% | $ 104.231M | 1.655K BTC | 33.417K ETH | |
43 |
Set Protocol | Ethereum | -1.04% | -0.19% | $ 92.703M | 1.472K BTC | 29.721K ETH | |
44 |
Hard Protocol HARD | Kava | -1.96% | 0.20% | $ 86.525M | 1.374K BTC | 27.741K ETH | |
45 |
Visor Finance VISR | Ethereum | -1.46% | 2.13% | $ 85.240M | 1.354K BTC | 27.329K ETH | |
46 |
Index Coop INDEX | Ethereum | -1.53% | -0.02% | $ 78.588M | 1.248K BTC | 25.196K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.191K BTC | 24.035K ETH | |
48 |
MoneyOnChain MOC | RSK | -1.78% | 10.59% | $ 73.501M | 1.167K BTC | 23.565K ETH | |
49 |
StakeDAO SDT | Ethereum | -1.35% | 3.41% | $ 72.085M | 1.145K BTC | 23.111K ETH | |
50 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.137K BTC | 22.948K 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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