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 | -2.98% | 1.78% | $ 17.420B | 267.450K BTC | 9.290M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 125.200K BTC | 4.349M ETH | |
| 3 |
WBTC WBTC | Ethereum | -1.40% | 2.06% | $ 7.422B | 113.958K BTC | 3.958M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 109.082K BTC | 3.789M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.77% | 2.74% | $ 5.997B | 92.079K BTC | 3.198M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 58.067K BTC | 2.017M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.091K BTC | 1.323M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.916K BTC | 1.178M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.599K BTC | 854.428K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 0.38% | 7.18% | $ 1.171B | 17.985K BTC | 624.687K ETH | |
| 11 |
Venus XVS | Binance | -5.62% | -4.42% | $ 993.197M | 15.249K BTC | 529.646K ETH | |
| 12 |
Raydium RAY | Solana | -2.98% | -0.65% | $ 836.159M | 12.838K BTC | 445.901K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.328K BTC | 428.208K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.125K BTC | 421.142K ETH | |
| 15 |
StakeWise SWISE | Ethereum | -5.96% | -0.82% | $ 701.580M | 10.772K BTC | 374.134K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.265K BTC | 356.549K ETH | |
| 17 |
Tornado Cash TORN | Ethereum | 6.61% | 8.25% | $ 570.941M | 8.766K BTC | 304.468K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.806K BTC | 271.146K ETH | |
| 19 |
Convex Finance CVX | Ethereum | -1.33% | -0.69% | $ 492.890M | 7.567K BTC | 262.845K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.743K BTC | 234.195K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.167K BTC | 214.205K ETH | |
| 22 |
Lightning Network | Bitcoin | -1.26% | 3.09% | $ 290.571M | 4.461K BTC | 154.954K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -3.41% | -6.32% | $ 252.757M | 3.881K BTC | 134.789K ETH | |
| 24 |
Orca | Solana | -1.17% | 0.87% | $ 236.718M | 3.634K BTC | 126.236K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -1.30% | 22.78% | $ 178.875M | 2.746K BTC | 95.389K ETH | |
| 26 |
Liquity LQTY | Ethereum | -3.45% | -0.14% | $ 137.062M | 2.104K BTC | 73.092K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.798K BTC | 62.468K ETH | |
| 28 |
StakeDAO SDT | Ethereum | -1.09% | 2.80% | $ 113.059M | 1.736K BTC | 60.291K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -2.58% | -0.84% | $ 108.945M | 1.673K BTC | 58.098K ETH | |
| 30 |
Compound COMP | Ethereum | -2.23% | 0.13% | $ 91.856M | 1.410K BTC | 48.984K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -2.41% | 0.92% | $ 87.079M | 1.337K BTC | 46.437K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -1.83% | 1.70% | $ 84.323M | 1.295K BTC | 44.967K ETH | |
| 33 |
Vesper VSP | Ethereum | -1.06% | 12.36% | $ 77.003M | 1.182K BTC | 41.064K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.151K BTC | 39.978K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.099K BTC | 38.171K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 951 BTC | 33.045K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 924 BTC | 32.088K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 795 BTC | 27.601K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 689 BTC | 23.934K ETH | |
| 40 |
Frax FXS | Ethereum | -0.70% | -1.34% | $ 43.088M | 662 BTC | 22.978K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 617 BTC | 21.442K ETH | |
| 42 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 589 BTC | 20.447K ETH | |
| 43 |
Mercurial Finance MER | Solana | -1.64% | -0.58% | $ 38.121M | 585 BTC | 20.329K ETH | |
| 44 |
dYdX | Ethereum | -0.27% | 0.07% | $ 37.834M | 581 BTC | 20.176K ETH | |
| 45 |
AnySwap ANY | Multi-Chain | -0.15% | 0.27% | $ 37.622M | 578 BTC | 20.063K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | -0.25% | 0.07% | $ 28.926M | 444 BTC | 15.426K ETH | |
| 47 |
Connext | Multi-Chain | -3.68% | -1.10% | $ 23.110M | 355 BTC | 12.324K ETH | |
| 48 |
dHEDGE DHT | Ethereum | -1.18% | 3.22% | $ 20.661M | 317 BTC | 11.018K ETH | |
| 49 |
Ankr ANKR | Ethereum | -2.64% | 0.13% | $ 20.075M | 308 BTC | 10.705K ETH | |
| 50 |
MoneyOnChain MOC | RSK | -1.10% | 2.66% | $ 19.096M | 293 BTC | 10.183K 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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