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 | -2.22% | 4.33% | $ 21.781B | 288.647K BTC | 5.943M ETH | |
| 2 |
WBTC WBTC | Ethereum | -1.62% | 4.85% | $ 8.756B | 116.033K BTC | 2.389M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 108.067K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 94.154K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -8.36% | -10.15% | $ 5.581B | 73.954K BTC | 1.523M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 50.120K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.878K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 29.274K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | -5.10% | -2.95% | $ 1.674B | 22.182K BTC | 456.677K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.233K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -0.75% | 3.44% | $ 1.211B | 16.045K BTC | 330.324K ETH | |
| 12 |
Raydium RAY | Solana | -2.50% | 1.55% | $ 1.003B | 13.287K BTC | 273.548K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -3.26% | 1.25% | $ 914.715M | 12.122K BTC | 249.564K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.641K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.466K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.860K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -3.66% | -1.31% | $ 615.110M | 8.152K BTC | 167.822K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | -2.26% | 3.86% | $ 564.457M | 7.480K BTC | 154.002K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.738K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.820K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.323K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -1.26% | 4.35% | $ 363.828M | 4.822K BTC | 99.264K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -2.51% | 0.47% | $ 284.684M | 3.773K BTC | 77.671K ETH | |
| 24 |
Orca | Solana | -3.45% | 8.03% | $ 258.342M | 3.424K BTC | 70.484K ETH | |
| 25 |
Connext | Multi-Chain | -3.43% | 0.20% | $ 218.747M | 2.899K BTC | 59.681K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -5.48% | 7.05% | $ 212.045M | 2.810K BTC | 57.853K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -4.52% | 0.82% | $ 179.754M | 2.382K BTC | 49.043K ETH | |
| 28 |
Liquity LQTY | Ethereum | -2.18% | 4.25% | $ 175.874M | 2.331K BTC | 47.984K ETH | |
| 29 |
Compound COMP | Ethereum | -1.93% | 3.03% | $ 144.092M | 1.910K BTC | 39.313K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | -4.92% | -2.15% | $ 136.772M | 1.813K BTC | 37.316K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.552K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -2.20% | 3.84% | $ 108.835M | 1.442K BTC | 29.694K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -2.05% | 5.76% | $ 87.568M | 1.160K BTC | 23.891K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 993 BTC | 20.453K ETH | |
| 35 |
Frax FXS | Ethereum | 1.14% | 5.48% | $ 74.144M | 983 BTC | 20.229K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 949 BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 821 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 797 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | -3.16% | 16.93% | $ 59.588M | 790 BTC | 16.258K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 686 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | -1.20% | 4.67% | $ 45.685M | 605 BTC | 12.464K ETH | |
| 42 |
Vesper VSP | Ethereum | -1.47% | 3.79% | $ 45.464M | 602 BTC | 12.404K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 595 BTC | 12.245K ETH | |
| 44 |
MoneyOnChain MOC | RSK | -1.63% | 5.03% | $ 43.210M | 573 BTC | 11.789K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 533 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | -0.23% | 0.38% | $ 39.829M | 528 BTC | 10.867K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 508 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -1.61% | 3.29% | $ 30.508M | 404 BTC | 8.324K ETH | |
| 49 |
Ankr ANKR | Ethereum | -2.94% | 5.07% | $ 24.275M | 322 BTC | 6.623K ETH | |
| 50 |
Mercurial Finance MER | Solana | -3.57% | 0.32% | $ 22.329M | 296 BTC | 6.092K 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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