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 | -0.60% | -0.76% | $ 27.443B | 302.820K BTC | 7.487M ETH | |
| 2 |
WBTC WBTC | Ethereum | -0.56% | 0.52% | $ 11.221B | 123.813K BTC | 3.061M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 89.981K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 78.397K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.98% | 3.10% | $ 6.461B | 71.297K BTC | 1.763M ETH | |
| 6 |
Pendle PENDLE | Ethereum | 1.30% | 2.10% | $ 3.833B | 42.298K BTC | 1.046M ETH | |
| 7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 41.732K BTC | 1.032M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.376K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.375K BTC | 602.693K ETH | |
| 10 |
Venus XVS | Binance | 1.29% | 3.78% | $ 1.687B | 18.616K BTC | 460.284K ETH | |
| 11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.680K BTC | 437.141K ETH | |
| 12 |
Raydium RAY | Solana | 1.29% | 3.40% | $ 1.547B | 17.074K BTC | 422.167K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -0.76% | -0.01% | $ 1.152B | 12.711K BTC | 314.280K ETH | |
| 14 |
Convex Finance CVX | Ethereum | -0.51% | 2.12% | $ 973.820M | 10.745K BTC | 265.690K ETH | |
| 15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.860K BTC | 219.079K ETH | |
| 16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.714K BTC | 215.464K ETH | |
| 17 |
Tornado Cash TORN | Ethereum | -0.30% | -34.88% | $ 697.783M | 7.700K BTC | 190.378K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.378K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.610K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | -0.64% | 0.21% | $ 478.500M | 5.280K BTC | 130.550K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.846K BTC | 119.818K ETH | |
| 22 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.432K BTC | 109.591K ETH | |
| 23 |
Yearn Finance YFI | Ethereum | -0.80% | -1.95% | $ 392.298M | 4.329K BTC | 107.032K ETH | |
| 24 |
Orca | Solana | -7.23% | -1.00% | $ 370.859M | 4.092K BTC | 101.182K ETH | |
| 25 |
xDAI Stake STAKE | Multi-Chain | -0.37% | -0.18% | $ 347.752M | 3.837K BTC | 94.878K ETH | |
| 26 |
Connext | Multi-Chain | -0.71% | -1.97% | $ 322.788M | 3.562K BTC | 88.067K ETH | |
| 27 |
Compound COMP | Ethereum | -0.59% | -9.69% | $ 252.084M | 2.782K BTC | 68.777K ETH | |
| 28 |
Liquity LQTY | Ethereum | -0.75% | -1.05% | $ 241.201M | 2.661K BTC | 65.808K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.47% | 4.52% | $ 221.695M | 2.446K BTC | 60.486K ETH | |
| 30 |
StakeDAO SDT | Ethereum | -0.34% | 4.01% | $ 215.390M | 2.377K BTC | 58.766K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -0.67% | -1.14% | $ 145.224M | 1.602K BTC | 39.622K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -0.62% | -0.65% | $ 127.696M | 1.409K BTC | 34.840K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.293K BTC | 31.960K ETH | |
| 34 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.023K BTC | 25.291K ETH | |
| 35 |
MoneyOnChain MOC | RSK | -0.55% | -0.07% | $ 80.247M | 885 BTC | 21.894K ETH | |
| 36 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 827 BTC | 20.453K ETH | |
| 37 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 790 BTC | 19.529K ETH | |
| 38 |
Frax FXS | Ethereum | 0.02% | -1.87% | $ 62.849M | 694 BTC | 17.147K ETH | |
| 39 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 684 BTC | 16.906K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 664 BTC | 16.417K ETH | |
| 41 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 571 BTC | 14.121K ETH | |
| 42 |
Idle Finance IDLE | Ethereum | -0.06% | 0.42% | $ 46.789M | 516 BTC | 12.766K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 495 BTC | 12.245K ETH | |
| 44 |
Vesper VSP | Ethereum | -0.65% | -0.73% | $ 44.590M | 492 BTC | 12.166K ETH | |
| 45 |
Alchemix ALCX | Ethereum | -0.90% | -1.78% | $ 42.289M | 467 BTC | 11.538K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 0.65% | 1.86% | $ 41.610M | 459 BTC | 11.353K ETH | |
| 47 |
dYdX | Ethereum | -0.10% | -0.20% | $ 41.309M | 456 BTC | 11.270K ETH | |
| 48 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 444 BTC | 10.970K ETH | |
| 49 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 423 BTC | 10.461K ETH | |
| 50 |
Ankr ANKR | Ethereum | -0.57% | 3.19% | $ 37.966M | 419 BTC | 10.358K 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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