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 | -5.37% | -4.98% | $ 17.721B | 273.778K BTC | 4.835M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 125.985K BTC | 2.225M ETH | |
| 3 |
WBTC WBTC | Ethereum | -4.47% | -5.30% | $ 7.743B | 119.618K BTC | 2.112M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 109.766K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.73% | -1.03% | $ 5.400B | 83.425K BTC | 1.473M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 58.431K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.330K BTC | 676.891K ETH | |
| 8 |
Pendle PENDLE | Ethereum | -0.77% | -10.08% | $ 2.289B | 35.361K BTC | 624.468K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.128K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.754K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -3.62% | -7.51% | $ 1.290B | 19.934K BTC | 352.023K ETH | |
| 12 |
Raydium RAY | Solana | -6.90% | -7.22% | $ 958.916M | 14.815K BTC | 261.623K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.406K BTC | 219.079K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.201K BTC | 215.464K ETH | |
| 15 |
StakeWise SWISE | Ethereum | -5.83% | -7.35% | $ 732.511M | 11.317K BTC | 199.853K ETH | |
| 16 |
Convex Finance CVX | Ethereum | -1.94% | -3.85% | $ 681.408M | 10.527K BTC | 185.910K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.330K BTC | 182.417K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.855K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -6.53% | -4.55% | $ 476.784M | 7.366K BTC | 130.082K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.785K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.206K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -4.31% | -6.12% | $ 328.919M | 5.082K BTC | 89.740K ETH | |
| 23 |
Yearn Finance YFI | Ethereum | -1.63% | -8.71% | $ 283.076M | 4.373K BTC | 77.232K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -3.50% | -7.59% | $ 274.505M | 4.241K BTC | 74.894K ETH | |
| 25 |
Orca | Solana | -3.65% | -5.55% | $ 249.097M | 3.848K BTC | 67.962K ETH | |
| 26 |
Connext | Multi-Chain | -5.44% | -5.91% | $ 185.057M | 2.859K BTC | 50.489K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -1.75% | 3.03% | $ 144.594M | 2.234K BTC | 39.450K ETH | |
| 28 |
Liquity LQTY | Ethereum | -5.68% | -5.05% | $ 143.348M | 2.215K BTC | 39.110K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.68% | -3.36% | $ 140.496M | 2.171K BTC | 38.332K ETH | |
| 30 |
Compound COMP | Ethereum | -3.90% | -13.60% | $ 132.235M | 2.043K BTC | 36.078K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.810K BTC | 31.960K ETH | |
| 32 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.432K BTC | 25.291K ETH | |
| 33 |
Nexus Mutual NXM | Ethereum | -4.45% | -3.39% | $ 92.207M | 1.425K BTC | 25.157K ETH | |
| 34 |
Enzyme Finance MLN | Ethereum | -4.14% | -3.86% | $ 87.114M | 1.346K BTC | 23.768K ETH | |
| 35 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.158K BTC | 20.453K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.106K BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 957 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 930 BTC | 16.417K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 800 BTC | 14.121K ETH | |
| 40 |
Frax FXS | Ethereum | -0.14% | -0.34% | $ 50.323M | 777 BTC | 13.730K ETH | |
| 41 |
Kava KAVA | Kava | -5.54% | -7.71% | $ 46.039M | 711 BTC | 12.561K ETH | |
| 42 |
Idle Finance IDLE | Ethereum | -0.05% | -1.11% | $ 45.437M | 702 BTC | 12.397K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 693 BTC | 12.245K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 621 BTC | 10.970K ETH | |
| 45 |
dYdX | Ethereum | -0.50% | -0.40% | $ 39.084M | 604 BTC | 10.663K ETH | |
| 46 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 592 BTC | 10.461K ETH | |
| 47 |
MoneyOnChain MOC | RSK | -4.45% | -5.26% | $ 37.194M | 575 BTC | 10.148K ETH | |
| 48 |
Vesper VSP | Ethereum | -3.21% | -2.74% | $ 33.486M | 517 BTC | 9.136K ETH | |
| 49 |
Alpaca Finance ALPACA | Binance | -4.21% | -3.37% | $ 29.926M | 462 BTC | 8.165K ETH | |
| 50 |
Alchemix ALCX | Ethereum | -2.42% | -2.08% | $ 28.463M | 440 BTC | 7.766K 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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