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 | 0.06% | -6.11% | $ 27.671B | 308.315K BTC | 7.550M ETH | |
| 2 |
WBTC WBTC | Ethereum | -0.22% | -5.97% | $ 11.097B | 123.639K BTC | 3.027M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 90.860K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 79.163K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.02% | -8.11% | $ 6.136B | 68.372K BTC | 1.674M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 42.140K BTC | 1.032M ETH | |
| 7 |
Pendle PENDLE | Ethereum | -0.51% | -1.58% | $ 3.431B | 38.230K BTC | 936.126K ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.643K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.613K BTC | 602.693K ETH | |
| 10 |
Venus XVS | Binance | -0.52% | -7.44% | $ 1.620B | 18.045K BTC | 441.867K ETH | |
| 11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.852K BTC | 437.141K ETH | |
| 12 |
Raydium RAY | Solana | -0.31% | -10.78% | $ 1.451B | 16.168K BTC | 395.896K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -0.88% | -4.66% | $ 1.197B | 13.339K BTC | 326.622K ETH | |
| 14 |
Convex Finance CVX | Ethereum | -1.53% | -8.65% | $ 900.038M | 10.028K BTC | 245.560K ETH | |
| 15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.947K BTC | 219.079K ETH | |
| 16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.799K BTC | 215.464K ETH | |
| 17 |
Tornado Cash TORN | Ethereum | 0.58% | -9.37% | $ 696.943M | 7.765K BTC | 190.149K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.450K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.665K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 0.35% | -9.31% | $ 478.681M | 5.334K BTC | 130.600K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.893K BTC | 119.818K ETH | |
| 22 |
Yearn Finance YFI | Ethereum | -2.38% | 1.29% | $ 416.491M | 4.641K BTC | 113.632K ETH | |
| 23 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.476K BTC | 109.591K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 0.89% | -6.24% | $ 344.176M | 3.835K BTC | 93.902K ETH | |
| 25 |
Orca | Solana | -0.38% | -15.36% | $ 311.297M | 3.469K BTC | 84.932K ETH | |
| 26 |
Connext | Multi-Chain | -4.45% | -14.12% | $ 292.216M | 3.256K BTC | 79.726K ETH | |
| 27 |
Beefy Finance BIFI | Multi-Chain | 1.88% | 1.91% | $ 244.040M | 2.719K BTC | 66.582K ETH | |
| 28 |
Compound COMP | Ethereum | -0.42% | -6.58% | $ 236.636M | 2.637K BTC | 64.562K ETH | |
| 29 |
Liquity LQTY | Ethereum | -0.07% | -10.28% | $ 229.736M | 2.560K BTC | 62.680K ETH | |
| 30 |
StakeDAO SDT | Ethereum | -12.21% | -19.61% | $ 172.926M | 1.927K BTC | 47.180K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 0.23% | -9.09% | $ 138.993M | 1.549K BTC | 37.922K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 0.13% | -12.37% | $ 117.999M | 1.315K BTC | 32.194K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.305K BTC | 31.960K ETH | |
| 34 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.033K BTC | 25.291K ETH | |
| 35 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 835 BTC | 20.453K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 798 BTC | 19.529K ETH | |
| 37 |
Frax FXS | Ethereum | -5.63% | -5.78% | $ 66.068M | 736 BTC | 18.025K ETH | |
| 38 |
MoneyOnChain MOC | RSK | -0.25% | -7.15% | $ 62.391M | 695 BTC | 17.022K ETH | |
| 39 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 690 BTC | 16.906K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 670 BTC | 16.417K ETH | |
| 41 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 577 BTC | 14.121K ETH | |
| 42 |
Idle Finance IDLE | Ethereum | -0.01% | -1.39% | $ 46.012M | 513 BTC | 12.554K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 500 BTC | 12.245K ETH | |
| 44 |
Vesper VSP | Ethereum | -0.06% | -7.96% | $ 43.129M | 481 BTC | 11.767K ETH | |
| 45 |
Alpaca Finance ALPACA | Binance | 0.09% | -3.98% | $ 41.248M | 460 BTC | 11.254K ETH | |
| 46 |
dYdX | Ethereum | 0.01% | -1.62% | $ 41.091M | 458 BTC | 11.211K ETH | |
| 47 |
Alchemix ALCX | Ethereum | -0.07% | -8.55% | $ 40.848M | 455 BTC | 11.145K ETH | |
| 48 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 448 BTC | 10.970K ETH | |
| 49 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 427 BTC | 10.461K ETH | |
| 50 |
Ankr ANKR | Ethereum | 0.34% | -10.02% | $ 35.567M | 396 BTC | 9.704K 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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