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 | -2.98% | -6.42% | $ 21.771B | 278.283K BTC | 9.733M ETH | |
| 2 |
WBTC WBTC | Ethereum | -1.74% | -3.88% | $ 9.145B | 116.892K BTC | 4.088M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 104.234K BTC | 3.646M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 90.815K BTC | 3.176M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -2.61% | -9.93% | $ 5.095B | 65.123K BTC | 2.278M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 48.343K BTC | 1.691M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 31.712K BTC | 1.109M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 28.236K BTC | 987.555K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.480K BTC | 716.286K ETH | |
| 10 |
Venus XVS | Binance | -4.59% | -7.34% | $ 1.168B | 14.935K BTC | 522.364K ETH | |
| 11 |
Raydium RAY | Solana | -3.78% | -7.19% | $ 1.091B | 13.942K BTC | 487.606K ETH | |
| 12 |
Pendle PENDLE | Ethereum | -4.86% | -3.95% | $ 1.011B | 12.927K BTC | 452.125K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -2.98% | -5.38% | $ 864.362M | 11.048K BTC | 386.418K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.264K BTC | 358.976K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.094K BTC | 353.053K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | -3.36% | -5.28% | $ 776.497M | 9.925K BTC | 347.137K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.546K BTC | 298.903K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -6.56% | -11.06% | $ 516.722M | 6.605K BTC | 231.003K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.499K BTC | 227.308K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.613K BTC | 196.331K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.134K BTC | 179.573K ETH | |
| 22 |
Orca | Solana | -3.71% | -5.47% | $ 289.882M | 3.705K BTC | 129.593K ETH | |
| 23 |
Lightning Network | Bitcoin | -2.58% | -6.21% | $ 267.551M | 3.420K BTC | 119.610K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -2.61% | -5.91% | $ 244.021M | 3.119K BTC | 109.091K ETH | |
| 25 |
Liquity LQTY | Ethereum | -5.08% | -8.47% | $ 156.750M | 2.004K BTC | 70.076K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -1.05% | -0.77% | $ 152.605M | 1.951K BTC | 68.223K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -9.34% | -13.37% | $ 128.465M | 1.642K BTC | 57.431K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.497K BTC | 52.368K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -2.46% | -7.18% | $ 99.879M | 1.277K BTC | 44.651K ETH | |
| 30 |
Compound COMP | Ethereum | -2.30% | -6.52% | $ 97.539M | 1.247K BTC | 43.605K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -2.75% | -6.07% | $ 91.907M | 1.175K BTC | 41.088K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -2.44% | -5.28% | $ 90.407M | 1.156K BTC | 40.417K ETH | |
| 33 |
Vesper VSP | Ethereum | -2.30% | -4.22% | $ 82.802M | 1.058K BTC | 37.017K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 958 BTC | 33.514K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 915 BTC | 31.999K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 792 BTC | 27.702K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 769 BTC | 26.900K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 662 BTC | 23.139K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 574 BTC | 20.064K ETH | |
| 40 |
Mercurial Finance MER | Solana | -1.47% | -5.26% | $ 43.087M | 551 BTC | 19.262K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | -3.28% | -4.72% | $ 40.929M | 523 BTC | 18.297K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 514 BTC | 17.975K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 490 BTC | 17.141K ETH | |
| 44 |
Alpaca Finance ALPACA | Binance | -4.09% | -2.76% | $ 33.989M | 434 BTC | 15.195K ETH | |
| 45 |
Frax FXS | Ethereum | -10.82% | -15.76% | $ 29.415M | 376 BTC | 13.150K ETH | |
| 46 |
Connext | Multi-Chain | -3.07% | -6.85% | $ 26.519M | 339 BTC | 11.855K ETH | |
| 47 |
Ankr ANKR | Ethereum | -5.01% | -9.76% | $ 24.197M | 309 BTC | 10.817K ETH | |
| 48 |
dHEDGE DHT | Ethereum | -3.08% | -4.04% | $ 24.125M | 308 BTC | 10.785K ETH | |
| 49 |
MoneyOnChain MOC | RSK | -2.09% | -4.25% | $ 21.145M | 270 BTC | 9.453K ETH | |
| 50 |
Harvest Finance FARM | Ethereum | -2.21% | -13.42% | $ 17.663M | 226 BTC | 7.896K 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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