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 | 4.87% | 0.16% | $ 24.272B | 299.934K BTC | 9.684M ETH | |
| 2 |
WBTC WBTC | Ethereum | 6.77% | 2.41% | $ 9.419B | 116.396K BTC | 3.758M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 100.769K BTC | 3.254M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 87.796K BTC | 2.835M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.28% | -2.34% | $ 5.528B | 68.306K BTC | 2.205M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 46.736K BTC | 1.509M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 30.658K BTC | 989.848K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 27.297K BTC | 881.345K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 19.799K BTC | 639.251K ETH | |
| 10 |
Venus XVS | Binance | 4.77% | -0.05% | $ 1.293B | 15.975K BTC | 515.795K ETH | |
| 11 |
Pendle PENDLE | Ethereum | 0.25% | 4.61% | $ 1.230B | 15.198K BTC | 490.681K ETH | |
| 12 |
Raydium RAY | Solana | 4.57% | -4.53% | $ 1.126B | 13.914K BTC | 449.233K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 4.96% | 0.25% | $ 930.991M | 11.505K BTC | 371.443K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.923K BTC | 320.369K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.759K BTC | 315.083K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 6.16% | 0.86% | $ 753.742M | 9.314K BTC | 300.724K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.262K BTC | 266.756K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 2.59% | 2.39% | $ 583.690M | 7.213K BTC | 232.878K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.283K BTC | 202.861K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.427K BTC | 175.216K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.964K BTC | 160.260K ETH | |
| 22 |
Lightning Network | Bitcoin | 4.24% | -2.89% | $ 303.300M | 3.748K BTC | 121.009K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 4.32% | -0.24% | $ 277.606M | 3.430K BTC | 110.758K ETH | |
| 24 |
Orca | Solana | -1.25% | -6.50% | $ 249.913M | 3.088K BTC | 99.709K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 2.09% | 0.80% | $ 187.248M | 2.314K BTC | 74.707K ETH | |
| 26 |
Liquity LQTY | Ethereum | 4.73% | -0.47% | $ 183.872M | 2.272K BTC | 73.361K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 1.16% | 2.07% | $ 145.103M | 1.793K BTC | 57.893K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.448K BTC | 46.736K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 4.15% | -0.33% | $ 113.350M | 1.401K BTC | 45.224K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | 3.88% | -0.57% | $ 109.391M | 1.352K BTC | 43.644K ETH | |
| 31 |
Compound COMP | Ethereum | 3.95% | 0.10% | $ 106.876M | 1.321K BTC | 42.641K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 3.88% | -0.26% | $ 92.716M | 1.146K BTC | 36.991K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 926 BTC | 29.910K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 885 BTC | 28.558K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 766 BTC | 24.723K ETH | |
| 36 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 744 BTC | 24.007K ETH | |
| 37 |
Vesper VSP | Ethereum | -1.28% | -19.88% | $ 59.494M | 735 BTC | 23.737K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 640 BTC | 20.650K ETH | |
| 39 |
Mercurial Finance MER | Solana | 2.58% | -4.21% | $ 46.145M | 570 BTC | 18.411K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 555 BTC | 17.907K ETH | |
| 41 |
Frax FXS | Ethereum | 4.37% | -6.10% | $ 43.197M | 534 BTC | 17.235K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 0.00% | 11.61% | $ 42.054M | 520 BTC | 16.779K ETH | |
| 43 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 497 BTC | 16.042K ETH | |
| 44 |
dYdX | Ethereum | 0.52% | -0.06% | $ 38.837M | 480 BTC | 15.495K ETH | |
| 45 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 474 BTC | 15.298K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 3.47% | -0.02% | $ 34.342M | 424 BTC | 13.702K ETH | |
| 47 |
Connext | Multi-Chain | 5.07% | -0.61% | $ 30.715M | 380 BTC | 12.255K ETH | |
| 48 |
Ankr ANKR | Ethereum | 3.96% | 6.80% | $ 27.803M | 344 BTC | 11.093K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 7.97% | 3.94% | $ 25.659M | 317 BTC | 10.237K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 4.79% | 0.76% | $ 22.441M | 277 BTC | 8.954K 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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