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 |
|---|---|---|---|---|---|---|---|---|
| 220 |
Ethernity Chain ERN | Multi-Chain | 127.58% | -12.09% | $ 38.096K | 1 BTC | 10 ETH | |
| 75 |
ShibaSwap BONE | Ethereum | 16.64% | 14.81% | $ 6.877M | 105 BTC | 1.876K ETH | |
| 103 |
Nerve NRV | Binance | 7.97% | -0.52% | $ 1.601M | 24 BTC | 437 ETH | |
| 247 |
ShadeCash SHADE | Fantom | 1.28% | 6.42% | $ 6.771K | 0 BTC | 2 ETH | |
| 253 |
Waka Finance WAKA | Fantom | 1.22% | 9.78% | $ 4.217K | 0 BTC | 1 ETH | |
| 266 |
Aquarius AQU | Fantom | 0.68% | 0.02% | $ 784 | 0 BTC | 0 ETH | |
| 274 |
Tomb Finance TOMB | Fantom | 0.61% | 8.48% | $ 0 | 0 BTC | 0 ETH | |
| 198 |
BarnBridge BOND | Ethereum | 0.42% | 8.14% | $ 94.347K | 1 BTC | 26 ETH | |
| 150 |
Volmex | Ethereum | 0.07% | 0.05% | $ 372.047K | 6 BTC | 102 ETH | |
| 119 |
dForce DF | Multi-Chain | 0.05% | 0.24% | $ 1.035M | 16 BTC | 282 ETH | |
| 111 |
Ellipsis Finance EPS | Binance | 0.03% | -2.48% | $ 1.211M | 18 BTC | 330 ETH | |
| 158 |
Swerve SWRV | Ethereum | 0.03% | 0.06% | $ 305.313K | 5 BTC | 83 ETH | |
| 234 |
TrueFi TRU | Ethereum | 0.03% | 0.07% | $ 23.686K | 0 BTC | 6 ETH | |
| 145 |
APY.Finance APY | Ethereum | 0.01% | 0.01% | $ 414.012K | 6 BTC | 113 ETH | |
| 64 |
ACryptoS ACS | Binance | 0.01% | 0.01% | $ 10.562M | 161 BTC | 2.882K ETH | |
| 269 |
S Finance SFG | Ethereum | 0.01% | 0.04% | $ 34 | 0 BTC | 0 ETH | |
| 121 |
Smoothy SMTY | Ethereum | 0.00% | 0.15% | $ 949.120K | 14 BTC | 259 ETH | |
| 192 |
Nerve Network NVT | Binance | 0.00% | 0.86% | $ 114.659K | 2 BTC | 31 ETH | |
| 133 |
DefiDollar DAO DFD | Ethereum | 0.00% | 96,730,468,027,439,185,920.00% | $ 767.515K | 12 BTC | 209 ETH | |
| 157 |
Iron Finance IRON | Multi-Chain | 0.00% | 0.01% | $ 315.984K | 5 BTC | 86 ETH | |
| 242 |
Qilin QI | Ethereum | -0.01% | -0.01% | $ 14.014K | 0 BTC | 4 ETH | |
| 162 |
Basis Cash BAC | Ethereum | -0.04% | 0.62% | $ 268.658K | 4 BTC | 73 ETH | |
| 90 |
mStable MTA | Multi-Chain | -0.04% | 0.44% | $ 3.205M | 49 BTC | 874 ETH | |
| 42 |
Idle Finance IDLE | Ethereum | -0.05% | -1.10% | $ 45.438M | 694 BTC | 12.397K ETH | |
| 102 |
DerivaDEX DDX | Ethereum | -0.06% | 12.38% | $ 1.649M | 25 BTC | 450 ETH | |
| 223 |
CompliFi COMFI | Multi-Chain | -0.10% | -0.12% | $ 37.186K | 1 BTC | 10 ETH | |
| 239 |
Firebird HOPE | Polygon | -0.10% | -1.22% | $ 19.312K | 0 BTC | 5 ETH | |
| 147 |
yAxis YAX | Ethereum | -0.12% | -0.20% | $ 392.427K | 6 BTC | 107 ETH | |
| 178 |
Dopple Finance DOP | Binance | -0.15% | -0.10% | $ 162.418K | 2 BTC | 44 ETH | |
| 40 |
Frax FXS | Ethereum | -0.17% | -0.14% | $ 50.308M | 768 BTC | 13.726K ETH | |
| 53 |
DODO DODO | Multi-Chain | -0.18% | 35.69% | $ 21.727M | 332 BTC | 5.928K ETH | |
| 55 |
Injective Protocol INJ | Ethereum | -0.21% | 0.88% | $ 17.143M | 262 BTC | 4.677K ETH | |
| 189 |
Mars Poolin MARS | Ethereum | -0.22% | 0.13% | $ 132.354K | 2 BTC | 36 ETH | |
| 110 |
SpookySwap BOO | Fantom | -0.24% | -0.14% | $ 1.259M | 19 BTC | 344 ETH | |
| 206 |
SnowSwap SNOW | Ethereum | -0.25% | -0.25% | $ 78.242K | 1 BTC | 21 ETH | |
| 137 |
Bearn BFI | Binance | -0.30% | -0.77% | $ 595.315K | 9 BTC | 162 ETH | |
| 141 |
Perpetual Protocol PERP | xDai | -0.38% | -0.52% | $ 440.702K | 7 BTC | 120 ETH | |
| 100 |
B.Protocol BPRO | Ethereum | -0.43% | -0.45% | $ 1.765M | 27 BTC | 482 ETH | |
| 191 |
CVI Finance GOVI | Ethereum | -0.45% | -0.40% | $ 115.550K | 2 BTC | 32 ETH | |
| 45 |
dYdX | Ethereum | -0.51% | -0.47% | $ 39.080M | 596 BTC | 10.662K ETH | |
| 199 |
PolyQuity PQY | Polygon | -0.51% | -0.52% | $ 94.250K | 1 BTC | 26 ETH | |
| 114 |
Depth DEP | Heco | -0.67% | -0.87% | $ 1.155M | 18 BTC | 315 ETH | |
| 86 |
PoolTogether POOL | Multi-Chain | -0.73% | -1.84% | $ 4.467M | 68 BTC | 1.219K ETH | |
| 233 |
zLot zLot | Ethereum | -0.73% | -1.72% | $ 25.017K | 0 BTC | 7 ETH | |
| 8 |
Pendle PENDLE | Ethereum | -0.83% | -10.16% | $ 2.287B | 34.914K BTC | 624.089K ETH | |
| 224 |
Hyper Finance HYFI | Binance | -0.94% | -2.03% | $ 35.256K | 1 BTC | 10 ETH | |
| 167 |
ZilSwap ZWAP | Zilliqa | -1.06% | -8.08% | $ 234.319K | 4 BTC | 64 ETH | |
| 144 |
Adamant Finance ADDY | Polygon | -1.20% | -2.49% | $ 417.698K | 6 BTC | 114 ETH | |
| 57 |
Serum SRM | Solana | -1.21% | -1.21% | $ 15.180M | 232 BTC | 4.142K ETH | |
| 173 |
Wasabix WASABI | Ethereum | -1.23% | -1.39% | $ 199.608K | 3 BTC | 54 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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