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 | 3.52% | -2.86% | $ 26.930B | 285.308K BTC | 5.194M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 11.535B | 122.209K BTC | 2.225M ETH | |
| 3 |
WBTC WBTC | Ethereum | 1.33% | -4.34% | $ 11.126B | 117.876K BTC | 2.146M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 10.050B | 106.476K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.88% | -5.70% | $ 9.494B | 100.585K BTC | 1.831M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 5.350B | 56.679K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 3.509B | 37.181K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 3.125B | 33.105K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | -0.22% | -4.59% | $ 2.940B | 31.152K BTC | 567.139K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 2.266B | 24.012K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 1.54% | -5.80% | $ 1.615B | 17.111K BTC | 311.516K ETH | |
| 12 |
Raydium RAY | Solana | 2.71% | -6.58% | $ 1.410B | 14.939K BTC | 271.966K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 3.02% | -0.09% | $ 1.249B | 13.234K BTC | 240.927K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 1.136B | 12.034K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 1.117B | 11.835K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 945.776M | 10.020K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 2.01% | -3.97% | $ 917.505M | 9.720K BTC | 176.964K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 719.238M | 7.620K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | 3.25% | -2.24% | $ 705.868M | 7.478K BTC | 136.145K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 621.221M | 6.582K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 568.198M | 6.020K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.67% | -3.79% | $ 469.253M | 4.971K BTC | 90.507K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 3.08% | -6.05% | $ 394.076M | 4.175K BTC | 76.008K ETH | |
| 24 |
Orca | Solana | 1.32% | -2.84% | $ 345.133M | 3.656K BTC | 66.568K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 1.24% | 2.55% | $ 321.696M | 3.408K BTC | 62.047K ETH | |
| 26 |
Connext | Multi-Chain | 4.25% | -2.61% | $ 289.034M | 3.062K BTC | 55.747K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 2.18% | 15.47% | $ 238.227M | 2.524K BTC | 45.948K ETH | |
| 28 |
Liquity LQTY | Ethereum | 3.47% | -3.21% | $ 224.262M | 2.376K BTC | 43.255K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.78% | -5.53% | $ 196.567M | 2.083K BTC | 37.913K ETH | |
| 30 |
Compound COMP | Ethereum | 0.91% | -4.22% | $ 188.082M | 1.993K BTC | 36.276K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 165.702M | 1.756K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 2.75% | -3.31% | $ 140.784M | 1.492K BTC | 27.154K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 2.40% | -2.87% | $ 116.006M | 1.229K BTC | 22.375K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 106.045M | 1.123K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 101.251M | 1.073K BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 87.654M | 929 BTC | 16.906K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 85.117M | 902 BTC | 16.417K ETH | |
| 38 |
Frax FXS | Ethereum | -0.35% | -6.61% | $ 81.799M | 867 BTC | 15.777K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 73.215M | 776 BTC | 14.121K ETH | |
| 40 |
Kava KAVA | Kava | 0.57% | -8.04% | $ 69.929M | 741 BTC | 13.488K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 1.32% | -1.07% | $ 63.664M | 674 BTC | 12.279K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 63.487M | 673 BTC | 12.245K ETH | |
| 43 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 56.876M | 603 BTC | 10.970K ETH | |
| 44 |
dYdX | Ethereum | 0.29% | -0.32% | $ 55.756M | 591 BTC | 10.754K ETH | |
| 45 |
Vesper VSP | Ethereum | 2.15% | -3.65% | $ 55.418M | 587 BTC | 10.689K ETH | |
| 46 |
MoneyOnChain MOC | RSK | 1.31% | -5.13% | $ 54.543M | 578 BTC | 10.520K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 54.237M | 575 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.99% | -2.50% | $ 42.948M | 455 BTC | 8.284K ETH | |
| 49 |
Alchemix ALCX | Ethereum | 2.80% | -3.39% | $ 41.450M | 439 BTC | 7.995K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 0.30% | -0.75% | $ 35.638M | 378 BTC | 6.874K 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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