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 | -5.36% | 2.07% | $ 24.592B | 282.939K BTC | 6.710M ETH | |
| 2 |
WBTC WBTC | Ethereum | -4.17% | -0.91% | $ 10.796B | 124.214K BTC | 2.946M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 93.821K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 81.742K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.81% | 8.59% | $ 6.118B | 70.393K BTC | 1.669M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 43.513K BTC | 1.032M ETH | |
| 7 |
Pendle PENDLE | Ethereum | -2.32% | -24.28% | $ 3.384B | 38.931K BTC | 923.212K ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 28.544K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 25.415K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 18.434K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -5.31% | -1.79% | $ 1.471B | 16.922K BTC | 401.297K ETH | |
| 12 |
Raydium RAY | Solana | -6.12% | -0.84% | $ 1.427B | 16.414K BTC | 389.241K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -4.69% | 2.05% | $ 1.039B | 11.955K BTC | 283.498K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | -4.84% | 1.07% | $ 965.427M | 11.107K BTC | 263.400K ETH | |
| 15 |
Convex Finance CVX | Ethereum | -3.37% | 1.40% | $ 917.245M | 10.553K BTC | 250.254K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.238K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.086K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.692K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.850K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | -3.70% | 5.87% | $ 466.728M | 5.370K BTC | 127.339K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.053K BTC | 119.818K ETH | |
| 22 |
Yearn Finance YFI | Ethereum | -4.21% | -4.32% | $ 415.202M | 4.777K BTC | 113.281K ETH | |
| 23 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.621K BTC | 109.591K ETH | |
| 24 |
Compound COMP | Ethereum | -3.60% | 2.37% | $ 389.702M | 4.484K BTC | 106.323K ETH | |
| 25 |
Orca | Solana | -2.57% | -0.49% | $ 342.566M | 3.941K BTC | 93.463K ETH | |
| 26 |
xDAI Stake STAKE | Multi-Chain | -5.07% | -1.25% | $ 336.981M | 3.877K BTC | 91.940K ETH | |
| 27 |
Connext | Multi-Chain | -5.29% | -1.51% | $ 247.729M | 2.850K BTC | 67.588K ETH | |
| 28 |
Liquity LQTY | Ethereum | -5.15% | 2.16% | $ 229.242M | 2.637K BTC | 62.545K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.65% | 0.44% | $ 215.560M | 2.480K BTC | 58.812K ETH | |
| 30 |
StakeDAO SDT | Ethereum | -2.78% | 11.14% | $ 190.869M | 2.196K BTC | 52.075K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -4.88% | 2.06% | $ 135.190M | 1.555K BTC | 36.884K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -3.80% | 0.17% | $ 123.536M | 1.421K BTC | 33.705K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.348K BTC | 31.960K ETH | |
| 34 |
Frax FXS | Ethereum | -0.40% | 2.94% | $ 99.519M | 1.145K BTC | 27.152K ETH | |
| 35 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.067K BTC | 25.291K ETH | |
| 36 |
MoneyOnChain MOC | RSK | -4.17% | 0.86% | $ 78.209M | 900 BTC | 21.338K ETH | |
| 37 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 863 BTC | 20.453K ETH | |
| 38 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 824 BTC | 19.529K ETH | |
| 39 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 713 BTC | 16.906K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 692 BTC | 16.417K ETH | |
| 41 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 595 BTC | 14.121K ETH | |
| 42 |
Mercurial Finance MER | Solana | -4.38% | 30.13% | $ 51.339M | 591 BTC | 14.007K ETH | |
| 43 |
Ankr ANKR | Ethereum | -5.38% | -1.86% | $ 48.748M | 561 BTC | 13.300K ETH | |
| 44 |
Idle Finance IDLE | Ethereum | -0.08% | 0.08% | $ 47.395M | 545 BTC | 12.931K ETH | |
| 45 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 516 BTC | 12.245K ETH | |
| 46 |
Vesper VSP | Ethereum | -3.54% | 1.62% | $ 41.371M | 476 BTC | 11.287K ETH | |
| 47 |
dYdX | Ethereum | -0.66% | 0.27% | $ 40.546M | 466 BTC | 11.062K ETH | |
| 48 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 463 BTC | 10.970K ETH | |
| 49 |
Alpaca Finance ALPACA | Binance | -3.18% | 0.39% | $ 39.672M | 456 BTC | 10.824K ETH | |
| 50 |
Alchemix ALCX | Ethereum | -4.40% | 1.62% | $ 39.422M | 454 BTC | 10.756K 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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