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 | -1.99% | -5.46% | $ 17.896B | 243.451K BTC | 8.913M ETH | |
| 2 |
WBTC WBTC | Ethereum | -1.75% | -5.13% | $ 8.420B | 114.537K BTC | 4.193M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 110.931K BTC | 4.061M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 96.650K BTC | 3.538M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.59% | 9.57% | $ 6.184B | 84.127K BTC | 3.080M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 51.449K BTC | 1.884M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 33.750K BTC | 1.236M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 30.050K BTC | 1.100M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.796K BTC | 797.976K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -7.10% | -8.61% | $ 1.449B | 19.710K BTC | 721.594K ETH | |
| 11 |
Venus XVS | Binance | -2.73% | -4.87% | $ 1.124B | 15.286K BTC | 559.637K ETH | |
| 12 |
Raydium RAY | Solana | -0.67% | -4.93% | $ 979.402M | 13.323K BTC | 487.781K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.923K BTC | 399.916K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.743K BTC | 393.317K ETH | |
| 15 |
StakeWise SWISE | Ethereum | -0.02% | -4.12% | $ 735.935M | 10.011K BTC | 366.525K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.095K BTC | 332.991K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -1.27% | -5.74% | $ 556.406M | 7.569K BTC | 277.113K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.917K BTC | 253.231K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -1.97% | -4.94% | $ 500.567M | 6.809K BTC | 249.303K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.974K BTC | 218.721K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.464K BTC | 200.053K ETH | |
| 22 |
Lightning Network | Bitcoin | -3.03% | -5.79% | $ 357.622M | 4.865K BTC | 178.110K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -1.85% | -6.25% | $ 264.985M | 3.605K BTC | 131.973K ETH | |
| 24 |
Orca | Solana | 0.00% | -0.33% | $ 258.905M | 3.522K BTC | 128.945K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -1.14% | -2.98% | $ 170.211M | 2.315K BTC | 84.772K ETH | |
| 26 |
Liquity LQTY | Ethereum | -1.94% | -5.58% | $ 152.187M | 2.070K BTC | 75.795K ETH | |
| 27 |
Beefy Finance BIFI | Multi-Chain | -0.43% | 4.88% | $ 121.064M | 1.647K BTC | 60.295K ETH | |
| 28 |
StakeDAO SDT | Ethereum | -2.68% | -24.14% | $ 119.220M | 1.622K BTC | 59.377K ETH | |
| 29 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.594K BTC | 58.341K ETH | |
| 30 |
Compound COMP | Ethereum | -0.78% | -3.32% | $ 112.983M | 1.537K BTC | 56.270K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -1.87% | -5.01% | $ 92.879M | 1.263K BTC | 46.257K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -1.16% | -2.71% | $ 84.647M | 1.151K BTC | 42.158K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.020K BTC | 37.337K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 974 BTC | 35.649K ETH | |
| 35 |
Frax FXS | Ethereum | -0.24% | -2.29% | $ 66.383M | 903 BTC | 33.061K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 843 BTC | 30.861K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 819 BTC | 29.968K ETH | |
| 38 |
Kava KAVA | Kava | -0.33% | -3.82% | $ 51.859M | 705 BTC | 25.828K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 704 BTC | 25.778K ETH | |
| 40 |
Vesper VSP | Ethereum | -1.95% | 9.22% | $ 47.824M | 651 BTC | 23.818K ETH | |
| 41 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 611 BTC | 22.353K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -2.57% | -3.06% | $ 43.533M | 592 BTC | 21.681K ETH | |
| 43 |
MoneyOnChain MOC | RSK | -2.15% | -5.53% | $ 41.902M | 570 BTC | 20.869K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 547 BTC | 20.025K ETH | |
| 45 |
dYdX | Ethereum | -0.18% | -0.84% | $ 39.160M | 533 BTC | 19.503K ETH | |
| 46 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 522 BTC | 19.096K ETH | |
| 47 |
Alpaca Finance ALPACA | Binance | -1.32% | -1.96% | $ 31.241M | 425 BTC | 15.559K ETH | |
| 48 |
Connext | Multi-Chain | -1.95% | -32.46% | $ 28.452M | 387 BTC | 14.170K ETH | |
| 49 |
Ankr ANKR | Ethereum | -2.22% | -5.55% | $ 20.949M | 285 BTC | 10.434K ETH | |
| 50 |
Mercurial Finance MER | Solana | -2.04% | -4.46% | $ 20.667M | 281 BTC | 10.293K 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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