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 | -0.44% | -8.36% | $ 19.617B | 280.404K BTC | 5.352M ETH | |
| 2 |
WBTC WBTC | Ethereum | -1.11% | -4.81% | $ 8.197B | 117.172K BTC | 2.237M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 116.562K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 101.556K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.62% | -4.83% | $ 7.078B | 101.174K BTC | 1.931M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 54.060K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 35.463K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 31.576K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | -1.59% | -5.18% | $ 2.144B | 30.650K BTC | 585.032K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 22.902K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -1.68% | -6.59% | $ 1.210B | 17.295K BTC | 330.108K ETH | |
| 12 |
Raydium RAY | Solana | 5.28% | -2.50% | $ 1.070B | 15.293K BTC | 291.897K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -0.79% | -8.80% | $ 881.452M | 12.599K BTC | 240.489K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 11.478K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.288K BTC | 215.464K ETH | |
| 16 |
Convex Finance CVX | Ethereum | 0.01% | -5.63% | $ 674.217M | 9.637K BTC | 183.948K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.557K BTC | 182.417K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | -1.15% | -9.32% | $ 508.486M | 7.268K BTC | 138.732K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.268K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.277K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.742K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -0.91% | -4.13% | $ 343.907M | 4.916K BTC | 93.829K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -0.73% | -9.92% | $ 294.628M | 4.211K BTC | 80.384K ETH | |
| 24 |
Orca | Solana | -4.12% | -6.98% | $ 241.194M | 3.448K BTC | 65.806K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -0.92% | -11.85% | $ 231.487M | 3.309K BTC | 63.157K ETH | |
| 26 |
Connext | Multi-Chain | -0.04% | -7.74% | $ 210.581M | 3.010K BTC | 57.453K ETH | |
| 27 |
Liquity LQTY | Ethereum | -1.96% | -9.57% | $ 163.901M | 2.343K BTC | 44.718K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | -0.99% | -4.46% | $ 146.112M | 2.089K BTC | 39.864K ETH | |
| 29 |
StakeDAO SDT | Ethereum | -0.94% | -6.20% | $ 145.404M | 2.078K BTC | 39.671K ETH | |
| 30 |
Compound COMP | Ethereum | 0.26% | -5.06% | $ 139.659M | 1.996K BTC | 38.103K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.674K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -0.15% | -7.60% | $ 102.987M | 1.472K BTC | 28.098K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -1.03% | -8.10% | $ 84.460M | 1.207K BTC | 23.044K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.072K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.023K BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 886 BTC | 16.906K ETH | |
| 37 |
Frax FXS | Ethereum | -0.33% | -2.40% | $ 61.812M | 884 BTC | 16.864K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 860 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | -0.17% | -6.09% | $ 52.865M | 756 BTC | 14.423K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 740 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | -0.75% | -4.74% | $ 45.361M | 648 BTC | 12.376K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 642 BTC | 12.245K ETH | |
| 43 |
Vesper VSP | Ethereum | -1.23% | 3.09% | $ 40.695M | 582 BTC | 11.103K ETH | |
| 44 |
MoneyOnChain MOC | RSK | -1.26% | -5.04% | $ 40.556M | 580 BTC | 11.065K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 575 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | -0.05% | -0.83% | $ 39.545M | 565 BTC | 10.789K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 548 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -1.60% | -4.79% | $ 30.989M | 443 BTC | 8.455K ETH | |
| 49 |
Alchemix ALCX | Ethereum | -0.75% | -9.18% | $ 30.272M | 433 BTC | 8.259K ETH | |
| 50 |
dHEDGE DHT | Ethereum | -0.19% | -2.34% | $ 25.388M | 363 BTC | 6.927K 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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