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 | 0.64% | -4.60% | $ 20.631B | 270.006K BTC | 5.629M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.30% | -2.69% | $ 8.826B | 115.512K BTC | 2.408M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 106.725K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 92.985K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.74% | 4.56% | $ 5.430B | 71.061K BTC | 1.481M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 49.498K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.470K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 28.911K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.969K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 1.36% | 8.87% | $ 1.486B | 19.446K BTC | 405.389K ETH | |
| 11 |
Venus XVS | Binance | 0.17% | -1.61% | $ 1.196B | 15.659K BTC | 326.434K ETH | |
| 12 |
Raydium RAY | Solana | 0.22% | -2.56% | $ 984.164M | 12.880K BTC | 268.512K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 1.62% | -4.69% | $ 862.288M | 11.285K BTC | 235.260K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.509K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.336K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.750K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 0.63% | -0.65% | $ 601.930M | 7.878K BTC | 164.226K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 0.07% | -1.17% | $ 557.044M | 7.290K BTC | 151.980K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.655K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.748K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.257K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.05% | -2.86% | $ 370.721M | 4.852K BTC | 101.145K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.08% | 0.75% | $ 287.523M | 3.763K BTC | 78.446K ETH | |
| 24 |
Orca | Solana | 0.62% | 0.05% | $ 255.274M | 3.341K BTC | 69.647K ETH | |
| 25 |
Connext | Multi-Chain | -0.33% | -16.43% | $ 180.371M | 2.361K BTC | 49.211K ETH | |
| 26 |
StakeDAO SDT | Ethereum | 1.54% | 1.23% | $ 171.521M | 2.245K BTC | 46.797K ETH | |
| 27 |
Liquity LQTY | Ethereum | 1.57% | -3.07% | $ 170.766M | 2.235K BTC | 46.591K ETH | |
| 28 |
Yearn Finance YFI | Ethereum | 0.42% | -16.13% | $ 169.246M | 2.215K BTC | 46.176K ETH | |
| 29 |
Compound COMP | Ethereum | 1.64% | -2.08% | $ 140.366M | 1.837K BTC | 38.296K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | 0.36% | -2.39% | $ 130.388M | 1.706K BTC | 35.574K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.533K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 0.36% | -3.40% | $ 104.554M | 1.368K BTC | 28.526K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 0.82% | 1.08% | $ 89.272M | 1.168K BTC | 24.356K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 981 BTC | 20.453K ETH | |
| 35 |
Frax FXS | Ethereum | -0.02% | 0.41% | $ 71.617M | 937 BTC | 19.539K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 937 BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 811 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 788 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | 0.89% | -3.92% | $ 52.563M | 688 BTC | 14.341K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 677 BTC | 14.121K ETH | |
| 41 |
Vesper VSP | Ethereum | 0.77% | -1.29% | $ 44.898M | 588 BTC | 12.250K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 587 BTC | 12.245K ETH | |
| 43 |
AnySwap ANY | Multi-Chain | 0.62% | -1.20% | $ 44.860M | 587 BTC | 12.239K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 0.95% | -1.71% | $ 43.955M | 575 BTC | 11.992K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 526 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | 0.06% | -0.25% | $ 39.716M | 520 BTC | 10.836K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 502 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.63% | -2.22% | $ 30.392M | 398 BTC | 8.292K ETH | |
| 49 |
Ankr ANKR | Ethereum | 2.69% | -0.26% | $ 24.639M | 322 BTC | 6.722K ETH | |
| 50 |
Mercurial Finance MER | Solana | 0.85% | 0.28% | $ 21.119M | 276 BTC | 5.762K 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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