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 | -3.63% | -1.89% | $ 21.626B | 277.745K BTC | 5.900M ETH | |
| 2 |
WBTC WBTC | Ethereum | -1.46% | 3.65% | $ 9.036B | 116.057K BTC | 2.465M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 104.733K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 91.249K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.04% | -13.67% | $ 5.193B | 66.691K BTC | 1.417M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 48.574K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 31.864K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 28.371K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.578K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -5.08% | -23.41% | $ 1.367B | 17.551K BTC | 372.839K ETH | |
| 11 |
Venus XVS | Binance | -1.01% | 0.28% | $ 1.216B | 15.613K BTC | 331.680K ETH | |
| 12 |
Raydium RAY | Solana | -1.82% | -0.17% | $ 1.010B | 12.972K BTC | 275.576K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -2.91% | -4.36% | $ 904.673M | 11.619K BTC | 246.824K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.313K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.143K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.587K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -1.27% | -4.07% | $ 606.023M | 7.783K BTC | 165.343K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | -3.41% | -0.94% | $ 563.665M | 7.239K BTC | 153.786K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.530K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.640K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.159K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -1.42% | 4.75% | $ 378.207M | 4.857K BTC | 103.187K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -2.35% | -0.87% | $ 284.542M | 3.654K BTC | 77.632K ETH | |
| 24 |
Orca | Solana | -1.10% | -5.17% | $ 255.139M | 3.277K BTC | 69.610K ETH | |
| 25 |
Connext | Multi-Chain | -3.78% | -3.29% | $ 215.806M | 2.772K BTC | 58.879K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | 5.65% | 1.79% | $ 201.798M | 2.592K BTC | 55.057K ETH | |
| 27 |
Liquity LQTY | Ethereum | -3.44% | -1.28% | $ 175.780M | 2.258K BTC | 47.959K ETH | |
| 28 |
StakeDAO SDT | Ethereum | -5.69% | -4.03% | $ 169.433M | 2.176K BTC | 46.227K ETH | |
| 29 |
Compound COMP | Ethereum | -2.08% | -1.56% | $ 143.071M | 1.838K BTC | 39.035K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | -2.43% | -6.46% | $ 133.445M | 1.714K BTC | 36.408K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.504K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -3.16% | -2.04% | $ 107.979M | 1.387K BTC | 29.460K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -2.51% | 0.58% | $ 88.318M | 1.134K BTC | 24.096K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 963 BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 919 BTC | 19.529K ETH | |
| 36 |
Frax FXS | Ethereum | -4.01% | 1.10% | $ 71.308M | 916 BTC | 19.455K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 796 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 773 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | -2.72% | 2.74% | $ 54.707M | 703 BTC | 14.926K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 665 BTC | 14.121K ETH | |
| 41 |
Vesper VSP | Ethereum | -1.97% | -0.68% | $ 45.484M | 584 BTC | 12.410K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -2.15% | -0.88% | $ 45.404M | 583 BTC | 12.388K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 576 BTC | 12.245K ETH | |
| 44 |
MoneyOnChain MOC | RSK | -1.46% | 3.82% | $ 44.718M | 574 BTC | 12.201K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 516 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | -0.35% | -0.18% | $ 39.806M | 511 BTC | 10.860K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 492 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -1.18% | 1.17% | $ 31.082M | 399 BTC | 8.480K ETH | |
| 49 |
Ankr ANKR | Ethereum | -2.83% | -0.25% | $ 24.657M | 317 BTC | 6.727K ETH | |
| 50 |
Mercurial Finance MER | Solana | -1.61% | -6.34% | $ 21.060M | 270 BTC | 5.746K 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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