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 | 1.64% | -1.49% | $ 18.318B | 269.948K BTC | 4.998M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 120.170K BTC | 2.225M ETH | |
| 3 |
WBTC WBTC | Ethereum | 1.11% | 1.11% | $ 7.946B | 117.095K BTC | 2.168M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 104.700K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.78% | 21.57% | $ 6.926B | 102.059K BTC | 1.890M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 55.734K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 36.561K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 32.553K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | 0.38% | -2.97% | $ 2.155B | 31.760K BTC | 588.004K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 23.611K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 0.30% | 0.78% | $ 1.299B | 19.145K BTC | 354.445K ETH | |
| 12 |
Raydium RAY | Solana | -0.20% | -2.03% | $ 977.870M | 14.410K BTC | 266.795K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 1.99% | 3.10% | $ 810.932M | 11.950K BTC | 221.249K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 11.833K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.638K BTC | 215.464K ETH | |
| 16 |
Convex Finance CVX | Ethereum | 0.40% | -2.87% | $ 669.049M | 9.859K BTC | 182.538K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.853K BTC | 182.417K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.493K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | 2.60% | 0.83% | $ 485.502M | 7.155K BTC | 132.461K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.472K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.919K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -0.22% | -0.78% | $ 323.626M | 4.769K BTC | 88.296K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.37% | -2.36% | $ 287.421M | 4.236K BTC | 78.418K ETH | |
| 24 |
Orca | Solana | 0.70% | -3.73% | $ 253.155M | 3.731K BTC | 69.069K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.73% | -13.06% | $ 240.124M | 3.539K BTC | 65.514K ETH | |
| 26 |
Connext | Multi-Chain | 1.75% | -0.78% | $ 194.809M | 2.871K BTC | 53.150K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -3.52% | 7.82% | $ 163.145M | 2.404K BTC | 44.511K ETH | |
| 28 |
Liquity LQTY | Ethereum | 2.05% | 0.56% | $ 153.624M | 2.264K BTC | 41.914K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.33% | 1.06% | $ 144.732M | 2.133K BTC | 39.488K ETH | |
| 30 |
Compound COMP | Ethereum | 1.15% | -0.28% | $ 134.068M | 1.976K BTC | 36.578K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.726K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 1.16% | 0.29% | $ 96.612M | 1.424K BTC | 26.359K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 0.81% | -3.57% | $ 82.128M | 1.210K BTC | 22.407K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.105K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.055K BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 913 BTC | 16.906K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 887 BTC | 16.417K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 763 BTC | 14.121K ETH | |
| 39 |
Frax FXS | Ethereum | -3.23% | 3.05% | $ 51.159M | 754 BTC | 13.958K ETH | |
| 40 |
Kava KAVA | Kava | -0.56% | 11.96% | $ 48.345M | 712 BTC | 13.190K ETH | |
| 41 |
Idle Finance IDLE | Ethereum | -0.01% | 0.02% | $ 44.985M | 663 BTC | 12.273K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 661 BTC | 12.245K ETH | |
| 43 |
AnySwap ANY | Multi-Chain | 0.96% | -4.18% | $ 44.542M | 656 BTC | 12.152K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 593 BTC | 10.970K ETH | |
| 45 |
dYdX | Ethereum | 0.13% | 0.04% | $ 39.291M | 579 BTC | 10.720K ETH | |
| 46 |
MoneyOnChain MOC | RSK | 0.36% | 1.26% | $ 38.608M | 569 BTC | 10.533K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 565 BTC | 10.461K ETH | |
| 48 |
Vesper VSP | Ethereum | 0.84% | 2.71% | $ 35.539M | 524 BTC | 9.696K ETH | |
| 49 |
Alpaca Finance ALPACA | Binance | 0.90% | -0.85% | $ 31.017M | 457 BTC | 8.462K ETH | |
| 50 |
Alchemix ALCX | Ethereum | 0.86% | -0.42% | $ 29.126M | 429 BTC | 7.946K 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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