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 | 3.03% | -2.51% | $ 23.572B | 286.910K BTC | 9.642M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.76% | -0.08% | $ 9.560B | 116.364K BTC | 3.911M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 99.256K BTC | 3.336M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 86.478K BTC | 2.906M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.69% | -4.72% | $ 5.710B | 69.502K BTC | 2.336M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 46.034K BTC | 1.547M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 30.198K BTC | 1.015M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 26.888K BTC | 903.619K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 19.502K BTC | 655.406K ETH | |
| 10 |
Venus XVS | Binance | 1.61% | 0.16% | $ 1.262B | 15.364K BTC | 516.330K ETH | |
| 11 |
Raydium RAY | Solana | 1.34% | -4.03% | $ 1.184B | 14.412K BTC | 484.356K ETH | |
| 12 |
Pendle PENDLE | Ethereum | -7.46% | -7.89% | $ 1.115B | 13.572K BTC | 456.117K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 3.04% | -2.21% | $ 921.092M | 11.211K BTC | 376.780K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.774K BTC | 328.465K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.612K BTC | 323.045K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 3.41% | -2.14% | $ 689.102M | 8.388K BTC | 281.883K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.138K BTC | 273.498K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 2.95% | -1.03% | $ 576.370M | 7.015K BTC | 235.769K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.189K BTC | 207.988K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.345K BTC | 179.644K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.889K BTC | 164.311K ETH | |
| 22 |
Orca | Solana | 1.27% | -4.62% | $ 302.110M | 3.677K BTC | 123.581K ETH | |
| 23 |
Lightning Network | Bitcoin | 0.95% | -4.01% | $ 291.999M | 3.554K BTC | 119.445K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 0.73% | -0.88% | $ 263.845M | 3.211K BTC | 107.928K ETH | |
| 25 |
Liquity LQTY | Ethereum | 2.67% | -2.91% | $ 174.381M | 2.123K BTC | 71.332K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -21.01% | -21.54% | $ 154.710M | 1.883K BTC | 63.285K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 3.63% | 1.06% | $ 147.796M | 1.799K BTC | 60.457K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.426K BTC | 47.917K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.21% | 2.06% | $ 110.878M | 1.350K BTC | 45.356K ETH | |
| 30 |
Compound COMP | Ethereum | 2.99% | 1.55% | $ 106.726M | 1.299K BTC | 43.657K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -3.95% | -7.95% | $ 98.866M | 1.203K BTC | 40.442K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.98% | -0.82% | $ 95.537M | 1.163K BTC | 39.080K ETH | |
| 33 |
Vesper VSP | Ethereum | 1.92% | -1.28% | $ 88.038M | 1.072K BTC | 36.013K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 912 BTC | 30.666K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 871 BTC | 29.279K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 754 BTC | 25.348K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 732 BTC | 24.614K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 630 BTC | 21.172K ETH | |
| 39 |
Mercurial Finance MER | Solana | 1.63% | -2.95% | $ 46.485M | 566 BTC | 19.015K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 546 BTC | 18.359K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 1.45% | 1.63% | $ 43.207M | 526 BTC | 17.674K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 489 BTC | 16.447K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 467 BTC | 15.684K ETH | |
| 44 |
Frax FXS | Ethereum | -0.06% | -5.79% | $ 37.531M | 457 BTC | 15.352K ETH | |
| 45 |
Alpaca Finance ALPACA | Binance | 0.26% | -1.55% | $ 34.599M | 421 BTC | 14.153K ETH | |
| 46 |
dYdX | Ethereum | -16.91% | -18.13% | $ 31.064M | 378 BTC | 12.707K ETH | |
| 47 |
Connext | Multi-Chain | 1.74% | -1.97% | $ 28.954M | 352 BTC | 11.844K ETH | |
| 48 |
Ankr ANKR | Ethereum | 2.07% | 4.26% | $ 27.675M | 337 BTC | 11.321K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 1.22% | 0.21% | $ 24.909M | 303 BTC | 10.189K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 1.63% | -0.03% | $ 22.185M | 270 BTC | 9.075K 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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