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 | -5.99% | -13.40% | $ 18.765B | 272.979K BTC | 9.708M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 118.627K BTC | 4.219M ETH | |
| 3 |
WBTC WBTC | Ethereum | -6.90% | -9.40% | $ 7.980B | 116.084K BTC | 4.128M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 103.355K BTC | 3.676M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.98% | -17.37% | $ 3.886B | 56.533K BTC | 2.010M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 55.018K BTC | 1.957M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 36.091K BTC | 1.283M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 32.135K BTC | 1.143M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 23.308K BTC | 828.884K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 1.97% | 2.42% | $ 1.024B | 14.900K BTC | 529.870K ETH | |
| 11 |
Venus XVS | Binance | -7.44% | -4.26% | $ 1.021B | 14.856K BTC | 528.327K ETH | |
| 12 |
Raydium RAY | Solana | -4.73% | -9.71% | $ 902.346M | 13.127K BTC | 466.811K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 11.681K BTC | 415.406K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.488K BTC | 408.551K ETH | |
| 15 |
StakeWise SWISE | Ethereum | -6.13% | -14.03% | $ 755.373M | 10.988K BTC | 390.777K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.726K BTC | 345.889K ETH | |
| 17 |
Tornado Cash TORN | Ethereum | -5.61% | -14.13% | $ 664.914M | 9.673K BTC | 343.980K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.397K BTC | 263.040K ETH | |
| 19 |
Convex Finance CVX | Ethereum | -3.66% | -7.63% | $ 463.829M | 6.747K BTC | 239.953K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.389K BTC | 227.193K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.843K BTC | 207.801K ETH | |
| 22 |
Orca | Solana | -0.30% | -4.76% | $ 268.890M | 3.912K BTC | 139.105K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -5.16% | -10.32% | $ 227.328M | 3.307K BTC | 117.604K ETH | |
| 24 |
Lightning Network | Bitcoin | -6.73% | -8.93% | $ 219.838M | 3.198K BTC | 113.729K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -2.05% | -5.55% | $ 140.233M | 2.040K BTC | 72.547K ETH | |
| 26 |
Liquity LQTY | Ethereum | -6.21% | -13.60% | $ 134.334M | 1.954K BTC | 69.495K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -2.66% | -6.46% | $ 121.111M | 1.762K BTC | 62.654K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.704K BTC | 60.600K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -3.61% | -7.91% | $ 89.183M | 1.297K BTC | 46.137K ETH | |
| 30 |
Compound COMP | Ethereum | -4.59% | -9.85% | $ 85.686M | 1.246K BTC | 44.328K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -4.47% | -10.85% | $ 80.594M | 1.172K BTC | 41.694K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -4.90% | -10.73% | $ 79.448M | 1.156K BTC | 41.101K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.091K BTC | 38.783K ETH | |
| 34 |
Vesper VSP | Ethereum | -3.14% | -8.31% | $ 73.026M | 1.062K BTC | 37.779K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.041K BTC | 37.029K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 901 BTC | 32.057K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 875 BTC | 31.129K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 753 BTC | 26.776K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 653 BTC | 23.218K ETH | |
| 40 |
Mercurial Finance MER | Solana | -3.89% | -5.31% | $ 40.730M | 593 BTC | 21.071K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 585 BTC | 20.801K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -0.58% | -3.05% | $ 38.645M | 562 BTC | 19.992K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 558 BTC | 19.836K ETH | |
| 44 |
Alpaca Finance ALPACA | Binance | -4.49% | -6.32% | $ 31.213M | 454 BTC | 16.147K ETH | |
| 45 |
Frax FXS | Ethereum | -0.49% | -4.95% | $ 27.119M | 395 BTC | 14.029K ETH | |
| 46 |
Connext | Multi-Chain | -6.12% | -14.02% | $ 22.249M | 324 BTC | 11.510K ETH | |
| 47 |
dHEDGE DHT | Ethereum | -6.55% | -8.99% | $ 21.790M | 317 BTC | 11.272K ETH | |
| 48 |
Ankr ANKR | Ethereum | -5.30% | -12.58% | $ 20.630M | 300 BTC | 10.672K ETH | |
| 49 |
MoneyOnChain MOC | RSK | -7.12% | -11.25% | $ 17.622M | 256 BTC | 9.116K ETH | |
| 50 |
Pickle PICKLE | Ethereum | 0.00% | 0.00% | $ 14.950M | 217 BTC | 7.734K 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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