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 | 3.99% | 26.13% | $ 22.538B | 302.010K BTC | 9.591M ETH | |
| 2 |
WBTC WBTC | Ethereum | 5.92% | 16.11% | $ 8.414B | 112.742K BTC | 3.580M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 109.271K BTC | 3.470M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 95.203K BTC | 3.023M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.63% | 2.55% | $ 5.727B | 76.747K BTC | 2.437M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 50.679K BTC | 1.609M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 33.245K BTC | 1.056M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 29.601K BTC | 940.009K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.470K BTC | 681.801K ETH | |
| 10 |
Venus XVS | Binance | 5.63% | 13.23% | $ 1.210B | 16.217K BTC | 514.992K ETH | |
| 11 |
Pendle PENDLE | Ethereum | 0.59% | -2.73% | $ 1.169B | 15.659K BTC | 497.280K ETH | |
| 12 |
Raydium RAY | Solana | 3.27% | 13.63% | $ 965.691M | 12.940K BTC | 410.932K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 3.99% | 25.35% | $ 881.505M | 11.812K BTC | 375.108K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.760K BTC | 341.694K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.582K BTC | 336.055K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 3.37% | 20.99% | $ 699.809M | 9.377K BTC | 297.791K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.959K BTC | 284.512K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 4.62% | 8.17% | $ 532.210M | 7.132K BTC | 226.472K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.813K BTC | 216.364K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.885K BTC | 186.878K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.382K BTC | 170.928K ETH | |
| 22 |
Lightning Network | Bitcoin | 4.30% | 15.29% | $ 279.815M | 3.749K BTC | 119.070K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -0.31% | 14.20% | $ 273.558M | 3.666K BTC | 116.408K ETH | |
| 24 |
Orca | Solana | 1.50% | 5.22% | $ 253.575M | 3.398K BTC | 107.904K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 1.58% | 6.74% | $ 181.860M | 2.437K BTC | 77.387K ETH | |
| 26 |
Liquity LQTY | Ethereum | 4.01% | 23.86% | $ 173.471M | 2.324K BTC | 73.818K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 4.50% | 6.88% | $ 128.098M | 1.716K BTC | 54.510K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.570K BTC | 49.847K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.39% | 12.04% | $ 108.708M | 1.457K BTC | 46.259K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | 2.95% | 20.12% | $ 103.851M | 1.392K BTC | 44.192K ETH | |
| 31 |
Compound COMP | Ethereum | 3.09% | 16.07% | $ 100.988M | 1.353K BTC | 42.974K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -9.57% | 3.90% | $ 86.790M | 1.163K BTC | 36.932K ETH | |
| 33 |
Vesper VSP | Ethereum | 2.47% | 17.19% | $ 75.650M | 1.014K BTC | 32.191K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.005K BTC | 31.901K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 959 BTC | 30.459K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 830 BTC | 26.368K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 806 BTC | 25.605K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 694 BTC | 22.025K ETH | |
| 39 |
Frax FXS | Ethereum | 1.03% | 5.52% | $ 46.641M | 625 BTC | 19.847K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 601 BTC | 19.098K ETH | |
| 41 |
Mercurial Finance MER | Solana | 1.43% | 10.06% | $ 41.564M | 557 BTC | 17.687K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 539 BTC | 17.110K ETH | |
| 43 |
dYdX | Ethereum | 0.40% | 2.11% | $ 38.618M | 517 BTC | 16.433K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 514 BTC | 16.316K ETH | |
| 45 |
AnySwap ANY | Multi-Chain | -0.15% | -0.15% | $ 37.622M | 504 BTC | 16.009K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 4.27% | 7.44% | $ 32.493M | 435 BTC | 13.827K ETH | |
| 47 |
Connext | Multi-Chain | 3.45% | 24.19% | $ 28.817M | 386 BTC | 12.262K ETH | |
| 48 |
Ankr ANKR | Ethereum | 3.10% | 16.38% | $ 24.445M | 328 BTC | 10.402K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 6.99% | 13.68% | $ 22.949M | 308 BTC | 9.766K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 6.46% | 16.06% | $ 21.056M | 282 BTC | 8.960K 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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