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 | -0.09% | -0.36% | $ 31.589B | 302.080K BTC | 8.619M ETH | |
2 |
WBTC WBTC | Ethereum | 0.11% | 3.58% | $ 13.558B | 129.657K BTC | 3.699M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 77.981K BTC | 2.225M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 67.942K BTC | 1.938M ETH | |
5 |
Pendle PENDLE | Ethereum | 0.51% | 6.58% | $ 5.171B | 49.450K BTC | 1.411M ETH | |
6 |
MakerDAO MKR | Ethereum | 0.45% | -0.43% | $ 4.880B | 46.663K BTC | 1.331M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 36.167K BTC | 1.032M ETH | |
8 |
Raydium RAY | Solana | 12.11% | 34.79% | $ 2.994B | 28.631K BTC | 816.860K ETH | |
9 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 23.725K BTC | 676.891K ETH | |
10 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 21.124K BTC | 602.693K ETH | |
11 |
Venus XVS | Binance | 1.05% | 2.27% | $ 1.869B | 17.868K BTC | 509.796K ETH | |
12 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 15.322K BTC | 437.141K ETH | |
13 |
Convex Finance CVX | Ethereum | -1.95% | -1.65% | $ 1.160B | 11.095K BTC | 316.558K ETH | |
14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 7.679K BTC | 219.079K ETH | |
15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 7.552K BTC | 215.464K ETH | |
16 |
Compound COMP | Ethereum | -0.87% | 1.39% | $ 679.368M | 6.497K BTC | 185.354K ETH | |
17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 6.394K BTC | 182.417K ETH | |
18 |
Tornado Cash TORN | Ethereum | 0.17% | -0.58% | $ 572.627M | 5.476K BTC | 156.231K ETH | |
19 |
xDAI Stake STAKE | Multi-Chain | 0.64% | -5.37% | $ 540.891M | 5.172K BTC | 147.573K ETH | |
20 |
Lightning Network | Bitcoin | 0.35% | 6.27% | $ 535.039M | 5.116K BTC | 145.976K ETH | |
21 |
StakeWise SWISE | Ethereum | 4.61% | 6.65% | $ 514.061M | 4.916K BTC | 140.253K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 4.862K BTC | 138.723K ETH | |
23 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.200K BTC | 119.818K ETH | |
24 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 3.841K BTC | 109.591K ETH | |
25 |
Liquity LQTY | Ethereum | 0.10% | -5.75% | $ 387.065M | 3.701K BTC | 105.604K ETH | |
26 |
Orca | Solana | -5.26% | 2.75% | $ 335.412M | 3.207K BTC | 91.511K ETH | |
27 |
Beefy Finance BIFI | Multi-Chain | 1.42% | 2.68% | $ 275.618M | 2.636K BTC | 75.198K ETH | |
28 |
Flexa AMP | Ethereum | -0.73% | 15.72% | $ 255.890M | 2.447K BTC | 69.815K ETH | |
29 |
Nexus Mutual NXM | Ethereum | -0.35% | -1.25% | $ 240.166M | 2.297K BTC | 65.525K ETH | |
30 |
Yearn Finance YFI | Ethereum | -0.72% | -1.51% | $ 231.804M | 2.217K BTC | 63.244K ETH | |
31 |
Connext | Multi-Chain | -0.16% | -1.46% | $ 182.599M | 1.746K BTC | 49.819K ETH | |
32 |
Flamincome FLAG | Ethereum | 0.07% | 3.97% | $ 145.703M | 1.393K BTC | 39.752K ETH | |
33 |
Enzyme Finance MLN | Ethereum | -0.41% | -1.17% | $ 144.349M | 1.380K BTC | 39.383K ETH | |
34 |
StakeDAO SDT | Ethereum | -2.70% | -6.51% | $ 138.750M | 1.327K BTC | 37.856K ETH | |
35 |
Synthetix SNX | Ethereum | -0.54% | -9.89% | $ 137.598M | 1.316K BTC | 37.541K ETH | |
36 |
MoneyOnChain MOC | RSK | -0.14% | 5.34% | $ 124.105M | 1.187K BTC | 33.860K ETH | |
37 |
AnySwap ANY | Multi-Chain | 1.65% | -8.60% | $ 122.761M | 1.174K BTC | 33.493K ETH | |
38 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.120K BTC | 31.960K ETH | |
39 |
Gambit Protocol GMT | Binance | 1.51% | 6.72% | $ 111.852M | 1.070K BTC | 30.517K ETH | |
40 |
Mercurial Finance MER | Solana | 4.00% | 20.19% | $ 91.605M | 876 BTC | 24.993K ETH | |
41 |
Osmosis OSMO | Osmosis | 1.74% | -4.48% | $ 77.263M | 739 BTC | 21.080K ETH | |
42 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 717 BTC | 20.453K ETH | |
43 |
Index Coop INDEX | Ethereum | -0.88% | 1.15% | $ 72.301M | 691 BTC | 19.726K ETH | |
44 |
Set Protocol | Ethereum | -0.16% | 3.83% | $ 71.855M | 687 BTC | 19.605K ETH | |
45 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 684 BTC | 19.529K ETH | |
46 |
Kava KAVA | Kava | 2.69% | 4.48% | $ 64.917M | 621 BTC | 17.712K ETH | |
47 |
Abracadabra SPELL | Ethereum | 0.37% | 0.24% | $ 63.653M | 609 BTC | 17.367K ETH | |
48 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 593 BTC | 16.906K ETH | |
49 |
Alchemix ALCX | Ethereum | 0.11% | 1.72% | $ 61.282M | 586 BTC | 16.720K ETH | |
50 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 575 BTC | 16.417K 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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