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 | 0.88% | -7.79% | $ 24.565B | 292.671K BTC | 9.659M ETH | |
| 2 |
WBTC WBTC | Ethereum | 0.86% | -1.90% | $ 9.748B | 116.137K BTC | 3.833M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 97.156K BTC | 3.206M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 84.648K BTC | 2.794M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.92% | 1.85% | $ 6.028B | 71.817K BTC | 2.370M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 45.060K BTC | 1.487M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 29.559K BTC | 975.537K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 26.319K BTC | 868.603K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 19.089K BTC | 630.009K ETH | |
| 10 |
Venus XVS | Binance | 0.54% | -4.16% | $ 1.287B | 15.329K BTC | 505.894K ETH | |
| 11 |
Raydium RAY | Solana | 0.04% | -8.41% | $ 1.245B | 14.831K BTC | 489.474K ETH | |
| 12 |
Pendle PENDLE | Ethereum | 0.16% | -3.56% | $ 1.211B | 14.429K BTC | 476.205K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 1.48% | -5.56% | $ 961.488M | 11.455K BTC | 378.064K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.567K BTC | 315.737K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.409K BTC | 310.527K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 1.18% | -6.40% | $ 723.245M | 8.617K BTC | 284.385K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.966K BTC | 262.900K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 0.98% | -3.58% | $ 593.725M | 7.074K BTC | 233.457K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.058K BTC | 199.928K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.232K BTC | 172.682K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.786K BTC | 157.943K ETH | |
| 22 |
Orca | Solana | 0.13% | -3.54% | $ 309.886M | 3.692K BTC | 121.849K ETH | |
| 23 |
Lightning Network | Bitcoin | 0.36% | -4.32% | $ 303.158M | 3.612K BTC | 119.204K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -0.35% | -4.32% | $ 268.517M | 3.199K BTC | 105.583K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.47% | -2.15% | $ 200.196M | 2.385K BTC | 78.718K ETH | |
| 26 |
Liquity LQTY | Ethereum | 0.53% | -6.67% | $ 182.100M | 2.170K BTC | 71.603K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 0.96% | -1.42% | $ 151.434M | 1.804K BTC | 59.545K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.396K BTC | 46.060K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.58% | -7.23% | $ 112.956M | 1.346K BTC | 44.415K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | 0.54% | -5.20% | $ 108.777M | 1.296K BTC | 42.772K ETH | |
| 31 |
Compound COMP | Ethereum | 0.49% | -4.30% | $ 107.302M | 1.278K BTC | 42.192K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -0.10% | -2.38% | $ 97.377M | 1.160K BTC | 38.289K ETH | |
| 33 |
Vesper VSP | Ethereum | 0.69% | -3.93% | $ 90.467M | 1.078K BTC | 35.572K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 893 BTC | 29.478K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 853 BTC | 28.145K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 738 BTC | 24.365K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 717 BTC | 23.660K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 617 BTC | 20.352K ETH | |
| 39 |
Mercurial Finance MER | Solana | -0.69% | -7.55% | $ 47.798M | 569 BTC | 18.795K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 535 BTC | 17.648K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 0.23% | -3.29% | $ 44.617M | 532 BTC | 17.544K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 479 BTC | 15.810K ETH | |
| 43 |
Frax FXS | Ethereum | -0.03% | -2.31% | $ 39.425M | 470 BTC | 15.502K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 457 BTC | 15.076K ETH | |
| 45 |
dYdX | Ethereum | 0.09% | -1.26% | $ 37.932M | 452 BTC | 14.915K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 0.81% | -2.97% | $ 35.944M | 428 BTC | 14.133K ETH | |
| 47 |
Connext | Multi-Chain | 0.50% | -6.91% | $ 30.118M | 359 BTC | 11.843K ETH | |
| 48 |
Ankr ANKR | Ethereum | 1.12% | -4.87% | $ 28.763M | 343 BTC | 11.310K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 0.84% | -2.95% | $ 25.408M | 303 BTC | 9.991K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 0.91% | -2.38% | $ 22.575M | 269 BTC | 8.876K 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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