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 | 1.55% | -0.79% | $ 20.108B | 247.069K BTC | 5.486M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.83% | 0.66% | $ 9.305B | 114.334K BTC | 2.539M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 100.197K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 87.298K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.21% | -2.03% | $ 5.904B | 72.544K BTC | 1.611M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 46.470K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 30.484K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 27.143K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 19.687K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -2.10% | -5.22% | $ 1.451B | 17.826K BTC | 395.830K ETH | |
| 11 |
Venus XVS | Binance | 1.42% | 2.41% | $ 1.222B | 15.018K BTC | 333.475K ETH | |
| 12 |
Raydium RAY | Solana | 2.31% | 4.56% | $ 1.091B | 13.402K BTC | 297.579K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 1.99% | 0.31% | $ 816.231M | 10.029K BTC | 222.695K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.866K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.704K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.215K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 0.59% | 1.71% | $ 628.766M | 7.726K BTC | 171.548K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 1.32% | -1.80% | $ 556.501M | 6.838K BTC | 151.832K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.247K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.396K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.935K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 2.52% | 2.60% | $ 398.333M | 4.894K BTC | 108.678K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 2.49% | 0.16% | $ 299.651M | 3.682K BTC | 81.754K ETH | |
| 24 |
Orca | Solana | 1.36% | 0.56% | $ 268.636M | 3.301K BTC | 73.293K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.88% | 2.48% | $ 178.976M | 2.199K BTC | 48.830K ETH | |
| 26 |
Liquity LQTY | Ethereum | 1.99% | 0.31% | $ 173.653M | 2.134K BTC | 47.378K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 2.79% | 5.38% | $ 166.565M | 2.047K BTC | 45.444K ETH | |
| 28 |
Compound COMP | Ethereum | 1.57% | -14.18% | $ 123.818M | 1.521K BTC | 33.782K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.39% | -2.34% | $ 123.348M | 1.516K BTC | 33.653K ETH | |
| 30 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.439K BTC | 31.960K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 1.32% | -0.57% | $ 104.133M | 1.279K BTC | 28.411K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.65% | 1.00% | $ 90.086M | 1.107K BTC | 24.578K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 921 BTC | 20.453K ETH | |
| 34 |
Frax FXS | Ethereum | 0.05% | 0.68% | $ 73.535M | 904 BTC | 20.063K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 879 BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 761 BTC | 16.906K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 739 BTC | 16.417K ETH | |
| 38 |
Kava KAVA | Kava | 2.07% | -0.78% | $ 55.198M | 678 BTC | 15.060K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 636 BTC | 14.121K ETH | |
| 40 |
AnySwap ANY | Multi-Chain | 0.41% | 6.79% | $ 49.272M | 605 BTC | 13.443K ETH | |
| 41 |
MoneyOnChain MOC | RSK | 2.06% | 0.89% | $ 46.484M | 571 BTC | 12.682K ETH | |
| 42 |
Connext | Multi-Chain | 1.74% | -57.17% | $ 45.611M | 560 BTC | 12.444K ETH | |
| 43 |
Vesper VSP | Ethereum | 0.37% | -0.48% | $ 45.193M | 555 BTC | 12.330K ETH | |
| 44 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 551 BTC | 12.245K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 494 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | 0.09% | -0.01% | $ 39.768M | 489 BTC | 10.850K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 471 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.84% | 4.08% | $ 32.646M | 401 BTC | 8.907K ETH | |
| 49 |
Ankr ANKR | Ethereum | 1.62% | -0.56% | $ 23.993M | 295 BTC | 6.546K ETH | |
| 50 |
Mercurial Finance MER | Solana | 1.59% | 2.42% | $ 22.865M | 281 BTC | 6.238K 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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