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 | 5.44% | 6.10% | $ 25.838B | 290.448K BTC | 5.511M ETH | |
| 2 |
WBTC WBTC | Ethereum | 3.89% | 3.80% | $ 10.443B | 117.396K BTC | 2.228M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 10.431B | 117.255K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 9.088B | 102.160K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.93% | -0.84% | $ 8.513B | 95.697K BTC | 1.816M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 4.838B | 54.382K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 3.174B | 35.674K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.826B | 31.763K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | 0.57% | -6.74% | $ 2.480B | 27.875K BTC | 528.914K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 2.049B | 23.038K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 3.13% | 2.96% | $ 1.504B | 16.904K BTC | 320.737K ETH | |
| 12 |
Raydium RAY | Solana | 2.52% | -1.58% | $ 1.255B | 14.106K BTC | 267.658K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 5.14% | 5.35% | $ 1.190B | 13.377K BTC | 253.816K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 1.027B | 11.546K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 1.010B | 11.355K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 855.237M | 9.614K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 2.08% | -2.23% | $ 811.131M | 9.118K BTC | 173.009K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 5.69% | 7.15% | $ 683.958M | 7.688K BTC | 145.884K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 650.385M | 7.311K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 561.752M | 6.315K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 513.805M | 5.776K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 4.46% | 3.49% | $ 439.161M | 4.937K BTC | 93.670K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 3.85% | 2.22% | $ 364.266M | 4.095K BTC | 77.696K ETH | |
| 24 |
Orca | Solana | 1.03% | -1.87% | $ 306.271M | 3.443K BTC | 65.326K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 1.76% | -2.35% | $ 284.059M | 3.193K BTC | 60.588K ETH | |
| 26 |
Connext | Multi-Chain | 5.23% | 4.39% | $ 272.836M | 3.067K BTC | 58.194K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 2.16% | 6.17% | $ 228.712M | 2.571K BTC | 48.783K ETH | |
| 28 |
Liquity LQTY | Ethereum | 5.26% | 4.06% | $ 211.035M | 2.372K BTC | 45.012K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 2.49% | 2.27% | $ 181.778M | 2.043K BTC | 38.772K ETH | |
| 30 |
Compound COMP | Ethereum | 3.50% | 4.03% | $ 176.934M | 1.989K BTC | 37.739K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 149.839M | 1.684K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 4.47% | 3.90% | $ 132.275M | 1.487K BTC | 28.214K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 3.87% | -0.50% | $ 104.380M | 1.173K BTC | 22.264K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 95.893M | 1.078K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 91.558M | 1.029K BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 79.263M | 891 BTC | 16.906K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 76.968M | 865 BTC | 16.417K ETH | |
| 38 |
Frax FXS | Ethereum | 2.11% | -2.00% | $ 72.491M | 815 BTC | 15.462K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 66.206M | 744 BTC | 14.121K ETH | |
| 40 |
Kava KAVA | Kava | 7.92% | 2.69% | $ 64.936M | 730 BTC | 13.851K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 3.23% | 0.70% | $ 57.973M | 652 BTC | 12.365K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 57.409M | 645 BTC | 12.245K ETH | |
| 43 |
Vesper VSP | Ethereum | 3.01% | 8.76% | $ 54.504M | 613 BTC | 11.625K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 51.431M | 578 BTC | 10.970K ETH | |
| 45 |
MoneyOnChain MOC | RSK | 4.12% | 4.02% | $ 51.302M | 577 BTC | 10.942K ETH | |
| 46 |
dYdX | Ethereum | 0.44% | 0.43% | $ 50.635M | 569 BTC | 10.800K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 49.045M | 551 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 1.87% | -0.89% | $ 38.491M | 433 BTC | 8.210K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 0.71% | 1.16% | $ 32.599M | 366 BTC | 6.953K ETH | |
| 50 |
Mercurial Finance MER | Solana | 2.93% | 0.26% | $ 29.004M | 326 BTC | 6.186K 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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