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 | -2.59% | -8.99% | $ 25.016B | 287.397K BTC | 6.825M ETH | |
| 2 |
WBTC WBTC | Ethereum | -2.88% | -11.31% | $ 11.028B | 126.690K BTC | 3.009M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 93.684K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 81.623K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -2.97% | -9.00% | $ 5.442B | 62.522K BTC | 1.485M ETH | |
| 6 |
Pendle PENDLE | Ethereum | -5.22% | -10.78% | $ 4.600B | 52.846K BTC | 1.255M ETH | |
| 7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 43.450K BTC | 1.032M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 28.502K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 25.378K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 18.407K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -1.19% | -8.68% | $ 1.532B | 17.597K BTC | 417.904K ETH | |
| 12 |
Raydium RAY | Solana | 1.64% | -6.24% | $ 1.474B | 16.928K BTC | 402.024K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -2.61% | -8.75% | $ 1.055B | 12.125K BTC | 287.944K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | -2.40% | -7.56% | $ 992.595M | 11.403K BTC | 270.812K ETH | |
| 15 |
Convex Finance CVX | Ethereum | -2.09% | -6.45% | $ 934.152M | 10.732K BTC | 254.867K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.225K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.073K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.681K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.841K BTC | 138.723K ETH | |
| 20 |
Yearn Finance YFI | Ethereum | -1.80% | -4.25% | $ 442.742M | 5.086K BTC | 120.794K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.045K BTC | 119.818K ETH | |
| 22 |
Lightning Network | Bitcoin | -1.07% | -4.03% | $ 431.888M | 4.962K BTC | 117.833K ETH | |
| 23 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.615K BTC | 109.591K ETH | |
| 24 |
Compound COMP | Ethereum | -2.31% | -10.18% | $ 384.885M | 4.422K BTC | 105.009K ETH | |
| 25 |
Orca | Solana | -1.00% | -5.59% | $ 350.763M | 4.030K BTC | 95.700K ETH | |
| 26 |
xDAI Stake STAKE | Multi-Chain | -2.00% | 5.63% | $ 349.776M | 4.018K BTC | 95.430K ETH | |
| 27 |
Connext | Multi-Chain | -3.59% | -9.79% | $ 263.448M | 3.027K BTC | 71.877K ETH | |
| 28 |
Liquity LQTY | Ethereum | -2.68% | -9.11% | $ 232.423M | 2.670K BTC | 63.413K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.14% | -5.30% | $ 218.482M | 2.510K BTC | 59.609K ETH | |
| 30 |
StakeDAO SDT | Ethereum | -1.35% | -7.32% | $ 179.109M | 2.058K BTC | 48.867K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -2.55% | -9.12% | $ 137.135M | 1.575K BTC | 37.415K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -2.42% | -7.49% | $ 128.167M | 1.472K BTC | 34.968K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.346K BTC | 31.960K ETH | |
| 34 |
Frax FXS | Ethereum | -1.29% | -3.97% | $ 95.814M | 1.101K BTC | 26.141K ETH | |
| 35 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.065K BTC | 25.291K ETH | |
| 36 |
MoneyOnChain MOC | RSK | -3.09% | -11.70% | $ 78.430M | 901 BTC | 21.398K ETH | |
| 37 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 861 BTC | 20.453K ETH | |
| 38 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 822 BTC | 19.529K ETH | |
| 39 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 712 BTC | 16.906K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 691 BTC | 16.417K ETH | |
| 41 |
Ankr ANKR | Ethereum | -1.48% | -3.90% | $ 52.683M | 605 BTC | 14.374K ETH | |
| 42 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 595 BTC | 14.121K ETH | |
| 43 |
Idle Finance IDLE | Ethereum | -0.03% | -1.04% | $ 47.381M | 544 BTC | 12.927K ETH | |
| 44 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 516 BTC | 12.245K ETH | |
| 45 |
Vesper VSP | Ethereum | -2.14% | -5.69% | $ 41.252M | 474 BTC | 11.255K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | -1.03% | -3.14% | $ 41.067M | 472 BTC | 11.204K ETH | |
| 47 |
dYdX | Ethereum | -0.33% | -1.23% | $ 40.618M | 467 BTC | 11.082K ETH | |
| 48 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 462 BTC | 10.970K ETH | |
| 49 |
Mercurial Finance MER | Solana | -0.28% | -13.28% | $ 40.181M | 462 BTC | 10.963K ETH | |
| 50 |
Alchemix ALCX | Ethereum | -2.79% | -8.72% | $ 39.723M | 456 BTC | 10.838K 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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