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 | 10.86% | 14.94% | $ 21.379B | 289.229K BTC | 5.833M ETH | |
| 2 |
WBTC WBTC | Ethereum | 3.97% | 8.17% | $ 8.669B | 117.280K BTC | 2.365M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 110.323K BTC | 2.225M ETH | |
| 4 |
MakerDAO MKR | Ethereum | 1.60% | 6.98% | $ 7.500B | 101.466K BTC | 2.046M ETH | |
| 5 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 96.120K BTC | 1.938M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 51.166K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 33.565K BTC | 676.891K ETH | |
| 8 |
Pendle PENDLE | Ethereum | 2.15% | 6.44% | $ 2.258B | 30.544K BTC | 615.979K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 29.885K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.676K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 4.74% | -0.58% | $ 1.305B | 17.655K BTC | 356.039K ETH | |
| 12 |
Raydium RAY | Solana | 5.53% | 10.49% | $ 1.103B | 14.923K BTC | 300.940K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 11.32% | 17.69% | $ 968.726M | 13.106K BTC | 264.300K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.863K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.684K BTC | 215.464K ETH | |
| 16 |
Convex Finance CVX | Ethereum | 4.05% | 4.88% | $ 712.826M | 9.644K BTC | 194.482K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.045K BTC | 182.417K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 10.17% | 13.86% | $ 560.261M | 7.580K BTC | 152.858K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.879K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.941K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.434K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 3.74% | 8.77% | $ 362.059M | 4.898K BTC | 98.782K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 9.04% | 11.66% | $ 326.228M | 4.413K BTC | 89.006K ETH | |
| 24 |
Yearn Finance YFI | Ethereum | -1.72% | 10.34% | $ 268.687M | 3.635K BTC | 73.307K ETH | |
| 25 |
Orca | Solana | 2.52% | 0.90% | $ 258.689M | 3.500K BTC | 70.579K ETH | |
| 26 |
Connext | Multi-Chain | 10.36% | 14.79% | $ 227.941M | 3.084K BTC | 62.190K ETH | |
| 27 |
Liquity LQTY | Ethereum | 10.80% | 15.41% | $ 180.177M | 2.438K BTC | 49.158K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 3.60% | -8.71% | $ 152.971M | 2.070K BTC | 41.736K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 3.85% | 4.68% | $ 152.758M | 2.067K BTC | 41.677K ETH | |
| 30 |
Compound COMP | Ethereum | 5.39% | 8.77% | $ 147.016M | 1.989K BTC | 40.111K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.585K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 9.02% | 12.94% | $ 110.688M | 1.497K BTC | 30.199K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 7.32% | 10.53% | $ 91.876M | 1.243K BTC | 25.067K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.014K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 968 BTC | 19.529K ETH | |
| 36 |
Frax FXS | Ethereum | 5.28% | 21.91% | $ 62.404M | 844 BTC | 17.026K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 838 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 814 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | 4.52% | 7.42% | $ 52.947M | 716 BTC | 14.446K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 700 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 3.17% | 6.30% | $ 48.020M | 650 BTC | 13.102K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 607 BTC | 12.245K ETH | |
| 43 |
MoneyOnChain MOC | RSK | 4.01% | 8.87% | $ 42.944M | 581 BTC | 11.717K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 544 BTC | 10.970K ETH | |
| 45 |
dYdX | Ethereum | 1.02% | 1.38% | $ 39.885M | 540 BTC | 10.882K ETH | |
| 46 |
Vesper VSP | Ethereum | 6.96% | 9.86% | $ 39.502M | 534 BTC | 10.777K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 519 BTC | 10.461K ETH | |
| 48 |
Alchemix ALCX | Ethereum | 8.67% | 11.63% | $ 33.413M | 452 BTC | 9.116K ETH | |
| 49 |
Alpaca Finance ALPACA | Binance | 2.11% | 5.36% | $ 33.074M | 447 BTC | 9.024K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 2.82% | 2.57% | $ 25.961M | 351 BTC | 7.083K 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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