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 | 2.39% | 2.95% | $ 26.913B | 301.836K BTC | 7.343M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.86% | 0.72% | $ 11.073B | 124.191K BTC | 3.021M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 91.457K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 79.682K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.46% | -3.91% | $ 5.825B | 65.332K BTC | 1.589M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 42.417K BTC | 1.032M ETH | |
| 7 |
Pendle PENDLE | Ethereum | 0.44% | -1.06% | $ 3.713B | 41.638K BTC | 1.013M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.825K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.775K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.969K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 2.09% | 4.73% | $ 1.582B | 17.747K BTC | 431.739K ETH | |
| 12 |
Raydium RAY | Solana | 2.79% | 3.11% | $ 1.451B | 16.271K BTC | 395.821K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 2.27% | 3.13% | $ 1.122B | 12.588K BTC | 306.237K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | 2.16% | 2.96% | $ 1.048B | 11.755K BTC | 285.972K ETH | |
| 15 |
Convex Finance CVX | Ethereum | 1.86% | 1.12% | $ 939.921M | 10.541K BTC | 256.441K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.006K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.857K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.499K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.702K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 1.81% | 0.78% | $ 472.900M | 5.304K BTC | 129.023K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.925K BTC | 119.818K ETH | |
| 22 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.505K BTC | 109.591K ETH | |
| 23 |
Yearn Finance YFI | Ethereum | 0.86% | -2.42% | $ 399.007M | 4.475K BTC | 108.862K ETH | |
| 24 |
Orca | Solana | 3.58% | -10.87% | $ 380.602M | 4.269K BTC | 103.841K ETH | |
| 25 |
xDAI Stake STAKE | Multi-Chain | 1.71% | 4.92% | $ 338.842M | 3.800K BTC | 92.447K ETH | |
| 26 |
Connext | Multi-Chain | 5.93% | 6.37% | $ 320.453M | 3.594K BTC | 87.430K ETH | |
| 27 |
Compound COMP | Ethereum | 1.81% | -0.26% | $ 275.184M | 3.086K BTC | 75.079K ETH | |
| 28 |
Liquity LQTY | Ethereum | 2.24% | 2.53% | $ 237.587M | 2.665K BTC | 64.821K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.16% | -6.76% | $ 209.758M | 2.352K BTC | 57.229K ETH | |
| 30 |
StakeDAO SDT | Ethereum | 2.57% | 4.72% | $ 204.862M | 2.298K BTC | 55.893K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 2.11% | 2.22% | $ 143.815M | 1.613K BTC | 39.238K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.74% | 1.79% | $ 126.168M | 1.415K BTC | 34.423K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.314K BTC | 31.960K ETH | |
| 34 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.040K BTC | 25.291K ETH | |
| 35 |
MoneyOnChain MOC | RSK | 1.74% | 0.77% | $ 79.380M | 890 BTC | 21.658K ETH | |
| 36 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 841 BTC | 20.453K ETH | |
| 37 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 803 BTC | 19.529K ETH | |
| 38 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 695 BTC | 16.906K ETH | |
| 39 |
Frax FXS | Ethereum | -0.04% | -8.52% | $ 61.425M | 689 BTC | 16.759K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 675 BTC | 16.417K ETH | |
| 41 |
Ankr ANKR | Ethereum | 1.45% | 35.39% | $ 57.562M | 646 BTC | 15.705K ETH | |
| 42 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 580 BTC | 14.121K ETH | |
| 43 |
Idle Finance IDLE | Ethereum | 0.03% | 0.11% | $ 46.571M | 522 BTC | 12.706K ETH | |
| 44 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 503 BTC | 12.245K ETH | |
| 45 |
Vesper VSP | Ethereum | 1.77% | 2.34% | $ 44.130M | 495 BTC | 12.040K ETH | |
| 46 |
Alchemix ALCX | Ethereum | 2.01% | 2.88% | $ 42.098M | 472 BTC | 11.486K ETH | |
| 47 |
dYdX | Ethereum | 0.29% | 0.29% | $ 41.252M | 463 BTC | 11.255K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.96% | 2.74% | $ 40.521M | 454 BTC | 11.055K ETH | |
| 49 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 451 BTC | 10.970K ETH | |
| 50 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 430 BTC | 10.461K 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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