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 | 1.45% | 4.64% | $ 21.967B | 287.370K BTC | 5.993M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.81% | 5.31% | $ 8.874B | 116.083K BTC | 2.421M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 106.677K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 92.944K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.35% | -12.08% | $ 5.325B | 69.658K BTC | 1.453M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 49.476K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.456K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 28.898K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.960K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -8.11% | -13.49% | $ 1.508B | 19.722K BTC | 411.316K ETH | |
| 11 |
Venus XVS | Binance | -0.68% | 1.11% | $ 1.192B | 15.592K BTC | 325.184K ETH | |
| 12 |
Raydium RAY | Solana | 0.53% | 1.13% | $ 1.007B | 13.167K BTC | 274.612K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 1.02% | 0.17% | $ 912.266M | 11.934K BTC | 248.896K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.504K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.331K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.747K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -0.36% | -2.47% | $ 610.008M | 7.980K BTC | 166.430K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 0.86% | 3.68% | $ 569.268M | 7.447K BTC | 155.315K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.652K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.745K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.255K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 0.03% | 4.25% | $ 366.850M | 4.799K BTC | 100.089K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.59% | 2.06% | $ 285.597M | 3.736K BTC | 77.920K ETH | |
| 24 |
Orca | Solana | -1.76% | -0.98% | $ 254.794M | 3.333K BTC | 69.516K ETH | |
| 25 |
Connext | Multi-Chain | -0.34% | -0.53% | $ 218.067M | 2.853K BTC | 59.496K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -4.74% | 1.79% | $ 201.318M | 2.634K BTC | 54.926K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -0.35% | 4.31% | $ 181.811M | 2.378K BTC | 49.604K ETH | |
| 28 |
Liquity LQTY | Ethereum | 1.44% | 4.75% | $ 177.417M | 2.321K BTC | 48.405K ETH | |
| 29 |
Compound COMP | Ethereum | 1.45% | 2.62% | $ 143.946M | 1.883K BTC | 39.273K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | -2.82% | -5.37% | $ 132.808M | 1.737K BTC | 36.234K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.532K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 1.02% | 3.51% | $ 109.586M | 1.434K BTC | 29.899K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 0.40% | 5.51% | $ 87.908M | 1.150K BTC | 23.984K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 981 BTC | 20.453K ETH | |
| 35 |
Frax FXS | Ethereum | -0.02% | 5.73% | $ 74.113M | 970 BTC | 20.221K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 936 BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 811 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 787 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | 2.84% | 5.27% | $ 54.412M | 712 BTC | 14.845K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 677 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 1.71% | 4.35% | $ 46.081M | 603 BTC | 12.572K ETH | |
| 42 |
Vesper VSP | Ethereum | 0.35% | 3.72% | $ 45.605M | 597 BTC | 12.443K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 587 BTC | 12.245K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 0.91% | 4.37% | $ 43.459M | 569 BTC | 11.857K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 526 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | 0.15% | 0.59% | $ 39.863M | 521 BTC | 10.876K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 502 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.91% | 3.01% | $ 30.943M | 405 BTC | 8.442K ETH | |
| 49 |
Ankr ANKR | Ethereum | 1.79% | 4.69% | $ 24.594M | 322 BTC | 6.710K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 0.29% | -0.85% | $ 21.577M | 282 BTC | 5.887K 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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