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 | 1.90% | 3.93% | $ 20.993B | 290.891K BTC | 5.727M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.80% | 3.21% | $ 8.426B | 116.761K BTC | 2.299M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 112.997K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 98.450K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -2.03% | -9.00% | $ 6.056B | 83.920K BTC | 1.652M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 52.407K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 34.378K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 30.610K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | 0.97% | -10.11% | $ 1.743B | 24.147K BTC | 475.449K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 22.202K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 1.24% | 0.28% | $ 1.179B | 16.335K BTC | 321.626K ETH | |
| 12 |
Raydium RAY | Solana | 0.79% | 0.70% | $ 987.863M | 13.689K BTC | 269.521K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 2.15% | -2.10% | $ 910.755M | 12.620K BTC | 248.484K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 11.127K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.943K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.265K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 0.46% | -1.37% | $ 625.426M | 8.666K BTC | 170.637K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 1.59% | 4.01% | $ 549.059M | 7.608K BTC | 149.801K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.046K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.085K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.566K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.84% | 2.50% | $ 351.894M | 4.876K BTC | 96.008K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.85% | -1.73% | $ 279.837M | 3.878K BTC | 76.349K ETH | |
| 24 |
Orca | Solana | 4.85% | 5.15% | $ 251.772M | 3.489K BTC | 68.692K ETH | |
| 25 |
Connext | Multi-Chain | 1.78% | 2.78% | $ 219.229M | 3.038K BTC | 59.813K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | 0.38% | -10.60% | $ 197.784M | 2.741K BTC | 53.962K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -1.38% | -2.51% | $ 174.305M | 2.415K BTC | 47.556K ETH | |
| 28 |
Liquity LQTY | Ethereum | 1.44% | 2.66% | $ 169.373M | 2.347K BTC | 46.210K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.51% | -1.25% | $ 140.339M | 1.945K BTC | 38.289K ETH | |
| 30 |
Compound COMP | Ethereum | 1.23% | 1.34% | $ 140.179M | 1.942K BTC | 38.245K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.623K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 1.48% | 2.08% | $ 105.556M | 1.463K BTC | 28.799K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 1.64% | 2.10% | $ 83.316M | 1.154K BTC | 22.731K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.039K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 992 BTC | 19.529K ETH | |
| 36 |
Frax FXS | Ethereum | -0.08% | 23.68% | $ 70.094M | 971 BTC | 19.124K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 859 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 834 BTC | 16.417K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 717 BTC | 14.121K ETH | |
| 40 |
Kava KAVA | Kava | 1.68% | 1.58% | $ 51.569M | 715 BTC | 14.070K ETH | |
| 41 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 622 BTC | 12.245K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 1.50% | -2.56% | $ 44.161M | 612 BTC | 12.049K ETH | |
| 43 |
Vesper VSP | Ethereum | 1.11% | 3.19% | $ 43.969M | 609 BTC | 11.996K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 2.08% | 4.42% | $ 41.641M | 577 BTC | 11.361K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 557 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | 0.01% | 0.11% | $ 39.630M | 549 BTC | 10.812K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 531 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 1.89% | -0.17% | $ 30.040M | 416 BTC | 8.196K ETH | |
| 49 |
Ankr ANKR | Ethereum | 2.59% | 4.67% | $ 23.434M | 325 BTC | 6.394K ETH | |
| 50 |
Mercurial Finance MER | Solana | 0.38% | -1.88% | $ 22.248M | 308 BTC | 6.070K 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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