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 | 2.10% | 10.60% | $ 26.977B | 294.258K BTC | 7.360M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.70% | 5.87% | $ 11.299B | 123.245K BTC | 3.083M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 88.948K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 77.497K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.72% | 6.21% | $ 6.469B | 70.565K BTC | 1.765M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 41.253K BTC | 1.032M ETH | |
| 7 |
Pendle PENDLE | Ethereum | 0.18% | 7.88% | $ 3.650B | 39.814K BTC | 995.850K ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.062K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.095K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.477K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -0.09% | 7.88% | $ 1.513B | 16.500K BTC | 412.719K ETH | |
| 12 |
Raydium RAY | Solana | 1.23% | 7.14% | $ 1.504B | 16.409K BTC | 410.433K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 2.17% | 10.04% | $ 1.132B | 12.352K BTC | 308.948K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | 2.73% | 11.29% | $ 1.068B | 11.652K BTC | 291.448K ETH | |
| 15 |
Convex Finance CVX | Ethereum | 1.01% | 4.36% | $ 948.691M | 10.348K BTC | 258.834K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.759K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.614K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.293K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.546K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 1.67% | 4.50% | $ 481.499M | 5.252K BTC | 131.369K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.790K BTC | 119.818K ETH | |
| 22 |
Yearn Finance YFI | Ethereum | 1.22% | 4.17% | $ 427.225M | 4.660K BTC | 116.561K ETH | |
| 23 |
Compound COMP | Ethereum | 1.56% | 5.14% | $ 404.408M | 4.411K BTC | 110.336K ETH | |
| 24 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.381K BTC | 109.591K ETH | |
| 25 |
Orca | Solana | 0.06% | 1.80% | $ 342.324M | 3.734K BTC | 93.397K ETH | |
| 26 |
xDAI Stake STAKE | Multi-Chain | 2.27% | 2.92% | $ 341.162M | 3.721K BTC | 93.080K ETH | |
| 27 |
Connext | Multi-Chain | 8.94% | 17.38% | $ 286.537M | 3.125K BTC | 78.177K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 1.90% | 33.03% | $ 252.283M | 2.752K BTC | 68.831K ETH | |
| 29 |
Liquity LQTY | Ethereum | 2.10% | 9.86% | $ 249.271M | 2.719K BTC | 68.009K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | 1.02% | 4.97% | $ 225.614M | 2.461K BTC | 61.555K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 2.39% | 9.64% | $ 147.307M | 1.607K BTC | 40.190K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.39% | 6.61% | $ 130.785M | 1.427K BTC | 35.682K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.278K BTC | 31.960K ETH | |
| 34 |
Frax FXS | Ethereum | -0.04% | 2.37% | $ 101.426M | 1.106K BTC | 27.672K ETH | |
| 35 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.011K BTC | 25.291K ETH | |
| 36 |
MoneyOnChain MOC | RSK | 1.79% | 5.66% | $ 81.797M | 892 BTC | 22.317K ETH | |
| 37 |
Mercurial Finance MER | Solana | 9.68% | 61.50% | $ 81.461M | 889 BTC | 22.225K ETH | |
| 38 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 818 BTC | 20.453K ETH | |
| 39 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 781 BTC | 19.529K ETH | |
| 40 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 676 BTC | 16.906K ETH | |
| 41 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 656 BTC | 16.417K ETH | |
| 42 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 565 BTC | 14.121K ETH | |
| 43 |
Ankr ANKR | Ethereum | 0.79% | 5.81% | $ 51.103M | 557 BTC | 13.942K ETH | |
| 44 |
Idle Finance IDLE | Ethereum | 0.02% | -2.20% | $ 46.354M | 506 BTC | 12.647K ETH | |
| 45 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 490 BTC | 12.245K ETH | |
| 46 |
Vesper VSP | Ethereum | 1.71% | 7.74% | $ 44.355M | 484 BTC | 12.102K ETH | |
| 47 |
Alchemix ALCX | Ethereum | 0.73% | 7.58% | $ 42.054M | 459 BTC | 11.474K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.61% | 6.77% | $ 41.836M | 456 BTC | 11.414K ETH | |
| 49 |
dYdX | Ethereum | 0.28% | 1.19% | $ 40.985M | 447 BTC | 11.182K ETH | |
| 50 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 439 BTC | 10.970K 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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