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 | 1.51% | 0.67% | $ 23.929B | 309.202K BTC | 9.642M ETH | |
| 2 |
WBTC WBTC | Ethereum | 0.60% | -0.20% | $ 8.939B | 115.503K BTC | 3.602M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 105.371K BTC | 3.286M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 91.806K BTC | 2.863M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 9.83% | 4.63% | $ 5.632B | 72.779K BTC | 2.270M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 48.870K BTC | 1.524M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.058K BTC | 999.700K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 28.544K BTC | 890.117K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.703K BTC | 645.614K ETH | |
| 10 |
Venus XVS | Binance | 2.03% | 1.43% | $ 1.272B | 16.440K BTC | 512.648K ETH | |
| 11 |
Pendle PENDLE | Ethereum | 0.62% | 1.69% | $ 1.253B | 16.194K BTC | 505.000K ETH | |
| 12 |
Raydium RAY | Solana | 3.56% | 3.42% | $ 1.149B | 14.849K BTC | 463.036K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 1.06% | -0.16% | $ 927.916M | 11.990K BTC | 373.900K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.376K BTC | 323.558K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.205K BTC | 318.219K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 1.39% | -0.26% | $ 726.418M | 9.387K BTC | 292.708K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.639K BTC | 269.411K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 1.08% | -0.09% | $ 576.860M | 7.454K BTC | 232.444K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.570K BTC | 204.880K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.675K BTC | 176.959K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.190K BTC | 161.856K ETH | |
| 22 |
Lightning Network | Bitcoin | 0.19% | -0.34% | $ 283.992M | 3.670K BTC | 114.433K ETH | |
| 23 |
Orca | Solana | 3.66% | 5.36% | $ 270.696M | 3.498K BTC | 109.076K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -1.22% | -1.86% | $ 263.258M | 3.402K BTC | 106.079K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 1.81% | 3.14% | $ 191.202M | 2.471K BTC | 77.044K ETH | |
| 26 |
Liquity LQTY | Ethereum | 1.30% | -0.11% | $ 177.769M | 2.297K BTC | 71.631K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 1.07% | 2.79% | $ 143.136M | 1.850K BTC | 57.676K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.514K BTC | 47.201K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.38% | 1.41% | $ 114.748M | 1.483K BTC | 46.237K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | 0.88% | -0.25% | $ 106.700M | 1.379K BTC | 42.994K ETH | |
| 31 |
Compound COMP | Ethereum | 0.84% | -0.32% | $ 103.423M | 1.336K BTC | 41.674K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.74% | 0.39% | $ 90.303M | 1.167K BTC | 36.387K ETH | |
| 33 |
Vesper VSP | Ethereum | -5.22% | 16.41% | $ 87.159M | 1.126K BTC | 35.120K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 969 BTC | 30.208K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 925 BTC | 28.842K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 801 BTC | 24.969K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 778 BTC | 24.246K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 669 BTC | 20.856K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 580 BTC | 18.085K ETH | |
| 40 |
Mercurial Finance MER | Solana | 2.95% | 0.28% | $ 44.788M | 579 BTC | 18.047K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 2.25% | 1.89% | $ 43.095M | 557 BTC | 17.365K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 520 BTC | 16.201K ETH | |
| 43 |
dYdX | Ethereum | 0.13% | -0.05% | $ 38.712M | 500 BTC | 15.599K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 495 BTC | 15.450K ETH | |
| 45 |
Alpaca Finance ALPACA | Binance | 2.32% | 3.61% | $ 35.499M | 459 BTC | 14.304K ETH | |
| 46 |
Frax FXS | Ethereum | -0.76% | -16.41% | $ 33.092M | 428 BTC | 13.334K ETH | |
| 47 |
Connext | Multi-Chain | 1.21% | 0.10% | $ 29.982M | 387 BTC | 12.081K ETH | |
| 48 |
Ankr ANKR | Ethereum | 3.56% | 2.04% | $ 27.855M | 360 BTC | 11.224K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 0.96% | 1.45% | $ 25.319M | 327 BTC | 10.202K ETH | |
| 50 |
Harvest Finance FARM | Ethereum | 1.73% | 0.73% | $ 20.887M | 270 BTC | 8.416K 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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