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 | 4.09% | -4.38% | $ 14.955B | 235.576K BTC | 8.959M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 128.454K BTC | 4.885M ETH | |
| 3 |
WBTC WBTC | Ethereum | 3.68% | 0.12% | $ 7.252B | 114.238K BTC | 4.344M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 111.917K BTC | 4.256M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.95% | -7.46% | $ 5.461B | 86.031K BTC | 3.272M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.576K BTC | 2.266M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 39.081K BTC | 1.486M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.797K BTC | 1.323M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.239K BTC | 959.823K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 1.63% | -6.10% | $ 1.149B | 18.102K BTC | 688.396K ETH | |
| 11 |
Venus XVS | Binance | 3.08% | 1.71% | $ 1.051B | 16.556K BTC | 629.614K ETH | |
| 12 |
Raydium RAY | Solana | 4.98% | -2.27% | $ 808.387M | 12.734K BTC | 484.267K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.649K BTC | 481.028K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.440K BTC | 473.090K ETH | |
| 15 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.532K BTC | 400.529K ETH | |
| 16 |
StakeWise SWISE | Ethereum | 3.67% | -4.66% | $ 614.108M | 9.674K BTC | 367.884K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 5.41% | 1.41% | $ 529.686M | 8.344K BTC | 317.310K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.009K BTC | 304.592K ETH | |
| 19 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.918K BTC | 263.083K ETH | |
| 20 |
Tornado Cash TORN | Ethereum | 3.44% | -4.57% | $ 430.763M | 6.785K BTC | 258.050K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.327K BTC | 240.628K ETH | |
| 22 |
Lightning Network | Bitcoin | 3.67% | 0.54% | $ 309.333M | 4.873K BTC | 185.307K ETH | |
| 23 |
Orca | Solana | 7.75% | 2.63% | $ 241.839M | 3.810K BTC | 144.875K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 2.82% | 1.32% | $ 238.487M | 3.757K BTC | 142.867K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 1.59% | -11.54% | $ 153.727M | 2.422K BTC | 92.091K ETH | |
| 26 |
Liquity LQTY | Ethereum | 4.03% | -5.43% | $ 125.141M | 1.971K BTC | 74.966K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.845K BTC | 70.173K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 6.18% | 8.46% | $ 115.213M | 1.815K BTC | 69.018K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.73% | -3.47% | $ 111.076M | 1.750K BTC | 66.540K ETH | |
| 30 |
Compound COMP | Ethereum | 2.83% | -10.40% | $ 90.179M | 1.421K BTC | 54.022K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 3.03% | -4.16% | $ 79.300M | 1.249K BTC | 47.505K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 2.69% | -2.27% | $ 75.946M | 1.196K BTC | 45.496K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.181K BTC | 44.909K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.128K BTC | 42.879K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 976 BTC | 37.121K ETH | |
| 36 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 948 BTC | 36.046K ETH | |
| 37 |
Frax FXS | Ethereum | -1.97% | -5.13% | $ 59.113M | 931 BTC | 35.412K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 815 BTC | 31.006K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 707 BTC | 26.886K ETH | |
| 40 |
Vesper VSP | Ethereum | 1.60% | -2.27% | $ 41.984M | 661 BTC | 25.151K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 633 BTC | 24.086K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 2.31% | -4.71% | $ 38.744M | 610 BTC | 23.209K ETH | |
| 43 |
dYdX | Ethereum | 0.29% | -0.36% | $ 38.587M | 608 BTC | 23.115K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 604 BTC | 22.969K ETH | |
| 45 |
MoneyOnChain MOC | RSK | 3.28% | -0.04% | $ 35.230M | 555 BTC | 21.105K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 2.83% | 0.76% | $ 29.908M | 471 BTC | 17.917K ETH | |
| 47 |
Connext | Multi-Chain | 3.28% | -5.25% | $ 22.922M | 361 BTC | 13.732K ETH | |
| 48 |
dHEDGE DHT | Ethereum | 1.27% | 0.04% | $ 19.620M | 309 BTC | 11.754K ETH | |
| 49 |
Mercurial Finance MER | Solana | 3.88% | -0.69% | $ 17.809M | 281 BTC | 10.668K ETH | |
| 50 |
Ankr ANKR | Ethereum | 3.92% | -3.38% | $ 17.810M | 281 BTC | 10.669K 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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