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 | 0.18% | -5.49% | $ 28.104B | 474.191K BTC | 9.379M ETH | |
2 |
WBTC WBTC | Ethereum | 2.10% | -8.79% | $ 9.183B | 154.943K BTC | 3.065M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 137.589K BTC | 2.721M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 119.876K BTC | 2.371M ETH | |
5 |
MakerDAO MKR | Ethereum | -2.10% | -8.26% | $ 5.427B | 91.566K BTC | 1.811M ETH | |
6 |
Pendle PENDLE | Ethereum | 1.73% | -1.54% | $ 4.138B | 69.810K BTC | 1.381M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 63.812K BTC | 1.262M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 41.860K BTC | 827.986K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 37.272K BTC | 737.226K ETH | |
10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 27.034K BTC | 534.720K ETH | |
11 |
Venus XVS | Binance | 2.85% | -2.50% | $ 1.569B | 26.477K BTC | 523.712K ETH | |
12 |
Convex Finance CVX | Ethereum | 1.33% | -5.70% | $ 1.489B | 25.120K BTC | 496.874K ETH | |
13 |
Connext | Multi-Chain | 1.50% | 1.98% | $ 886.515M | 14.958K BTC | 295.861K ETH | |
14 |
Compound COMP | Ethereum | 1.01% | -9.64% | $ 835.878M | 14.103K BTC | 278.961K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 13.548K BTC | 267.982K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 13.325K BTC | 263.560K ETH | |
17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 11.281K BTC | 223.136K ETH | |
18 |
Liquity LQTY | Ethereum | -0.57% | -6.32% | $ 655.714M | 11.064K BTC | 218.834K ETH | |
19 |
Synthetix SNX | Ethereum | 0.00% | 3.09% | $ 645.290M | 10.888K BTC | 215.355K ETH | |
20 |
Raydium RAY | Solana | 0.00% | -4.77% | $ 631.208M | 10.650K BTC | 210.656K ETH | |
21 |
xDAI Stake STAKE | Multi-Chain | -0.61% | -8.57% | $ 627.566M | 10.589K BTC | 209.440K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.579K BTC | 169.689K ETH | |
23 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 7.410K BTC | 146.564K ETH | |
24 |
Tornado Cash TORN | Ethereum | 1.01% | -5.68% | $ 438.905M | 7.405K BTC | 146.478K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.777K BTC | 134.054K ETH | |
26 |
dYdX | Ethereum | -1.21% | -3.49% | $ 320.147M | 5.402K BTC | 106.844K ETH | |
27 |
StakeWise SWISE | Ethereum | 1.15% | -5.70% | $ 315.376M | 5.321K BTC | 105.252K ETH | |
28 |
Lightning Network | Bitcoin | 2.06% | -6.75% | $ 280.805M | 4.738K BTC | 93.714K ETH | |
29 |
Yearn Finance YFI | Ethereum | -0.24% | -4.48% | $ 276.477M | 4.665K BTC | 92.270K ETH | |
30 |
Nexus Mutual NXM | Ethereum | 0.36% | -6.79% | $ 246.351M | 4.157K BTC | 82.216K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | 1.62% | -2.02% | $ 245.284M | 4.139K BTC | 81.860K ETH | |
32 |
Flexa AMP | Ethereum | 1.95% | 1.08% | $ 225.217M | 3.800K BTC | 75.163K ETH | |
33 |
Orca | Solana | 6.58% | -0.60% | $ 222.060M | 3.747K BTC | 74.109K ETH | |
34 |
AnySwap ANY | Multi-Chain | 2.24% | -14.88% | $ 174.880M | 2.951K BTC | 58.363K ETH | |
35 |
Gambit Protocol GMT | Binance | -0.02% | -5.76% | $ 157.323M | 2.654K BTC | 52.504K ETH | |
36 |
Enzyme Finance MLN | Ethereum | 0.46% | -5.93% | $ 147.944M | 2.496K BTC | 49.374K ETH | |
37 |
Osmosis OSMO | Osmosis | 1.65% | -2.98% | $ 137.969M | 2.328K BTC | 46.045K ETH | |
38 |
Tranchess CHESS | Binance | 6.36% | 14.58% | $ 134.719M | 2.273K BTC | 44.960K ETH | |
39 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.976K BTC | 39.094K ETH | |
40 |
Abracadabra SPELL | Ethereum | 1.28% | -4.55% | $ 112.999M | 1.907K BTC | 37.712K ETH | |
41 |
Loopring LRC | Ethereum | 1.95% | -8.39% | $ 100.458M | 1.695K BTC | 33.526K ETH | |
42 |
Flamincome FLAG | Ethereum | 1.32% | -6.32% | $ 99.609M | 1.681K BTC | 33.243K ETH | |
43 |
Kava KAVA | Kava | 46.88% | 30.88% | $ 90.372M | 1.525K BTC | 30.160K ETH | |
44 |
Set Protocol | Ethereum | 3.39% | -8.21% | $ 86.853M | 1.465K BTC | 28.986K ETH | |
45 |
Visor Finance VISR | Ethereum | 4.67% | -3.32% | $ 84.163M | 1.420K BTC | 28.088K ETH | |
46 |
Hard Protocol HARD | Kava | 1.14% | -7.45% | $ 83.585M | 1.410K BTC | 27.895K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.265K BTC | 25.019K ETH | |
48 |
Index Coop INDEX | Ethereum | 1.38% | -10.34% | $ 72.729M | 1.227K BTC | 24.272K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.208K BTC | 23.888K ETH | |
50 |
StakeDAO SDT | Ethereum | 1.74% | -7.89% | $ 68.717M | 1.159K BTC | 22.933K 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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