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 | -3.49% | 1.03% | $ 27.966B | 310.139K BTC | 7.630M ETH | |
| 2 |
WBTC WBTC | Ethereum | -2.47% | -3.11% | $ 11.191B | 124.106K BTC | 3.053M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 90.434K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 78.791K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.78% | 0.72% | $ 6.657B | 73.823K BTC | 1.816M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 41.942K BTC | 1.032M ETH | |
| 7 |
Pendle PENDLE | Ethereum | 0.37% | 3.69% | $ 3.740B | 41.476K BTC | 1.020M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.514K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.498K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.768K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -3.53% | -3.01% | $ 1.514B | 16.793K BTC | 413.138K ETH | |
| 12 |
Raydium RAY | Solana | -5.39% | -6.64% | $ 1.472B | 16.326K BTC | 401.665K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -3.50% | -0.38% | $ 1.161B | 12.876K BTC | 316.780K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | -3.18% | 2.98% | $ 1.112B | 12.331K BTC | 303.377K ETH | |
| 15 |
Convex Finance CVX | Ethereum | -2.61% | -1.23% | $ 957.019M | 10.613K BTC | 261.106K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.905K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.758K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.415K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.639K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | -2.55% | -3.19% | $ 477.249M | 5.293K BTC | 130.209K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.870K BTC | 119.818K ETH | |
| 22 |
Yearn Finance YFI | Ethereum | -2.00% | 0.84% | $ 435.167M | 4.826K BTC | 118.728K ETH | |
| 23 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.455K BTC | 109.591K ETH | |
| 24 |
Compound COMP | Ethereum | -5.51% | -7.64% | $ 382.537M | 4.242K BTC | 104.369K ETH | |
| 25 |
xDAI Stake STAKE | Multi-Chain | -2.69% | -6.05% | $ 340.874M | 3.780K BTC | 93.002K ETH | |
| 26 |
Orca | Solana | -3.60% | -6.33% | $ 330.008M | 3.660K BTC | 90.037K ETH | |
| 27 |
Connext | Multi-Chain | -4.40% | 3.60% | $ 286.352M | 3.176K BTC | 78.126K ETH | |
| 28 |
Liquity LQTY | Ethereum | -3.48% | 1.18% | $ 259.278M | 2.875K BTC | 70.740K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -0.90% | 0.82% | $ 227.281M | 2.521K BTC | 62.010K ETH | |
| 30 |
StakeDAO SDT | Ethereum | -20.10% | 5.99% | $ 210.979M | 2.340K BTC | 57.562K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -3.19% | 0.11% | $ 150.218M | 1.666K BTC | 40.985K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -2.81% | -0.68% | $ 133.310M | 1.478K BTC | 36.371K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.299K BTC | 31.960K ETH | |
| 34 |
Frax FXS | Ethereum | -0.30% | -3.15% | $ 98.164M | 1.089K BTC | 26.782K ETH | |
| 35 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.028K BTC | 25.291K ETH | |
| 36 |
MoneyOnChain MOC | RSK | -2.74% | -3.30% | $ 80.958M | 898 BTC | 22.088K ETH | |
| 37 |
Mercurial Finance MER | Solana | -4.14% | 10.58% | $ 80.049M | 888 BTC | 21.840K ETH | |
| 38 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 831 BTC | 20.453K ETH | |
| 39 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 794 BTC | 19.529K ETH | |
| 40 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 687 BTC | 16.906K ETH | |
| 41 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 667 BTC | 16.417K ETH | |
| 42 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 574 BTC | 14.121K ETH | |
| 43 |
Ankr ANKR | Ethereum | -4.38% | -9.67% | $ 48.389M | 537 BTC | 13.202K ETH | |
| 44 |
Idle Finance IDLE | Ethereum | -0.15% | -0.06% | $ 46.349M | 514 BTC | 12.645K ETH | |
| 45 |
Vesper VSP | Ethereum | -2.85% | -0.09% | $ 45.129M | 500 BTC | 12.313K ETH | |
| 46 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 498 BTC | 12.245K ETH | |
| 47 |
Alchemix ALCX | Ethereum | -3.22% | 0.41% | $ 43.699M | 485 BTC | 11.923K ETH | |
| 48 |
dYdX | Ethereum | -0.60% | -0.06% | $ 41.114M | 456 BTC | 11.217K ETH | |
| 49 |
Alpaca Finance ALPACA | Binance | -1.92% | -3.55% | $ 40.622M | 450 BTC | 11.083K ETH | |
| 50 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 446 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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