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 | -4.73% | -11.80% | $ 28.437B | 280.236K BTC | 7.759M ETH | |
| 2 |
WBTC WBTC | Ethereum | -2.50% | -6.37% | $ 12.675B | 124.909K BTC | 3.458M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 80.361K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 70.015K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.38% | -6.85% | $ 6.212B | 61.221K BTC | 1.695M ETH | |
| 6 |
Pendle PENDLE | Ethereum | -1.66% | -11.15% | $ 6.183B | 60.931K BTC | 1.687M ETH | |
| 7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 37.270K BTC | 1.032M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 24.449K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 21.769K BTC | 602.693K ETH | |
| 10 |
Venus XVS | Binance | -2.45% | -10.62% | $ 1.748B | 17.227K BTC | 476.951K ETH | |
| 11 |
Raydium RAY | Solana | -4.06% | -16.06% | $ 1.701B | 16.765K BTC | 464.163K ETH | |
| 12 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 15.789K BTC | 437.141K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -3.15% | -9.46% | $ 1.183B | 11.660K BTC | 322.829K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | -3.51% | 35.93% | $ 1.133B | 11.162K BTC | 309.034K ETH | |
| 15 |
Convex Finance CVX | Ethereum | -1.00% | -2.69% | $ 935.428M | 9.218K BTC | 255.215K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 7.913K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 7.782K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 6.589K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.011K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 0.65% | 6.26% | $ 462.560M | 4.558K BTC | 126.201K ETH | |
| 21 |
Yearn Finance YFI | Ethereum | -2.29% | -10.36% | $ 457.969M | 4.513K BTC | 124.949K ETH | |
| 22 |
Compound COMP | Ethereum | -2.36% | -5.67% | $ 447.133M | 4.406K BTC | 121.992K ETH | |
| 23 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.328K BTC | 119.818K ETH | |
| 24 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 3.958K BTC | 109.591K ETH | |
| 25 |
Orca | Solana | -2.03% | -12.60% | $ 374.337M | 3.689K BTC | 102.131K ETH | |
| 26 |
xDAI Stake STAKE | Multi-Chain | -2.48% | -7.48% | $ 342.498M | 3.375K BTC | 93.445K ETH | |
| 27 |
Connext | Multi-Chain | -6.37% | -13.78% | $ 329.513M | 3.247K BTC | 89.902K ETH | |
| 28 |
Liquity LQTY | Ethereum | -3.34% | -11.62% | $ 267.665M | 2.638K BTC | 73.028K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.76% | -17.56% | $ 239.306M | 2.358K BTC | 65.291K ETH | |
| 30 |
StakeDAO SDT | Ethereum | 0.41% | -3.91% | $ 180.775M | 1.781K BTC | 49.321K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -3.27% | -11.29% | $ 158.056M | 1.558K BTC | 43.123K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -3.08% | -10.09% | $ 131.647M | 1.297K BTC | 35.918K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.154K BTC | 31.960K ETH | |
| 34 |
Frax FXS | Ethereum | -1.65% | 22.78% | $ 96.364M | 950 BTC | 26.291K ETH | |
| 35 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 913 BTC | 25.291K ETH | |
| 36 |
MoneyOnChain MOC | RSK | -2.47% | -6.30% | $ 90.347M | 890 BTC | 24.650K ETH | |
| 37 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 739 BTC | 20.453K ETH | |
| 38 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 705 BTC | 19.529K ETH | |
| 39 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 611 BTC | 16.906K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 593 BTC | 16.417K ETH | |
| 41 |
Ankr ANKR | Ethereum | 0.01% | -3.92% | $ 54.322M | 535 BTC | 14.821K ETH | |
| 42 |
Mercurial Finance MER | Solana | -3.86% | -12.14% | $ 51.965M | 512 BTC | 14.178K ETH | |
| 43 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 510 BTC | 14.121K ETH | |
| 44 |
Idle Finance IDLE | Ethereum | -0.07% | -0.19% | $ 48.431M | 477 BTC | 13.214K ETH | |
| 45 |
Vesper VSP | Ethereum | -2.79% | -8.40% | $ 45.488M | 448 BTC | 12.411K ETH | |
| 46 |
Alchemix ALCX | Ethereum | -3.44% | -11.23% | $ 45.131M | 445 BTC | 12.313K ETH | |
| 47 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 442 BTC | 12.245K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -0.24% | -8.82% | $ 43.669M | 430 BTC | 11.914K ETH | |
| 49 |
dYdX | Ethereum | -0.58% | -1.84% | $ 41.437M | 408 BTC | 11.305K ETH | |
| 50 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 396 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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