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 |
|---|---|---|---|---|---|---|---|---|
| 221 |
Bao Finance BAO | Multi-Chain | 13.40% | 16.51% | $ 32.634K | 0 BTC | 12 ETH | |
| 45 |
Frax FXS | Ethereum | 7.00% | -1.78% | $ 38.232M | 444 BTC | 14.034K ETH | |
| 237 |
ACoconut AC | Multi-Chain | 6.75% | 0.68% | $ 14.727K | 0 BTC | 5 ETH | |
| 186 |
BasketDAO BASK | Ethereum | 4.35% | 9.82% | $ 118.853K | 1 BTC | 44 ETH | |
| 49 |
dHEDGE DHT | Ethereum | 3.51% | 3.80% | $ 26.928M | 313 BTC | 9.884K ETH | |
| 233 |
Vanilla VNL | Ethereum | 2.91% | 7.08% | $ 21.234K | 0 BTC | 8 ETH | |
| 144 |
PieDAO DOUGH | Ethereum | 2.82% | 1.31% | $ 435.001K | 5 BTC | 160 ETH | |
| 103 |
UMA Protocol UMA | Ethereum | 2.56% | 0.77% | $ 1.371M | 16 BTC | 503 ETH | |
| 53 |
Index Coop INDEX | Ethereum | 2.37% | 4.42% | $ 16.910M | 197 BTC | 6.207K ETH | |
| 223 |
zLot zLot | Ethereum | 2.28% | 1.52% | $ 30.299K | 0 BTC | 11 ETH | |
| 95 |
imToken imBTC | Ethereum | 2.08% | 1.57% | $ 1.930M | 22 BTC | 709 ETH | |
| 2 |
WBTC WBTC | Ethereum | 2.08% | 1.57% | $ 9.961B | 115.769K BTC | 3.656M ETH | |
| 51 |
MoneyOnChain MOC | RSK | 1.89% | 1.57% | $ 23.194M | 270 BTC | 8.514K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.79% | 1.35% | $ 318.046M | 3.696K BTC | 116.744K ETH | |
| 143 |
BoringDAO BOR | Ethereum | 1.72% | -2.83% | $ 435.784K | 5 BTC | 160 ETH | |
| 205 |
PowerPool CVP | Ethereum | 1.71% | 3.83% | $ 65.942K | 1 BTC | 24 ETH | |
| 119 |
xToken XTK | Ethereum | 1.67% | 4.75% | $ 898.792K | 10 BTC | 330 ETH | |
| 116 |
Saddle Finance | Ethereum | 1.61% | 1.23% | $ 1.021M | 12 BTC | 375 ETH | |
| 91 |
Sunny SUNNY | Solana | 1.60% | 2.25% | $ 3.047M | 35 BTC | 1.118K ETH | |
| 76 |
Tranchess CHESS | Binance | 1.52% | 0.32% | $ 5.303M | 62 BTC | 1.946K ETH | |
| 54 |
Set Protocol | Ethereum | 1.47% | 4.20% | $ 15.107M | 176 BTC | 5.545K ETH | |
| 62 |
Hegic HEGIC | Ethereum | 1.45% | 0.91% | $ 10.020M | 116 BTC | 3.678K ETH | |
| 140 |
Cryptex CTX | Ethereum | 1.41% | 1.30% | $ 472.854K | 5 BTC | 174 ETH | |
| 125 |
WePiggy WPC | Multi-Chain | 1.34% | 0.91% | $ 769.565K | 9 BTC | 282 ETH | |
| 105 |
Kine Finance KINE | Multi-Chain | 1.32% | 0.80% | $ 1.210M | 14 BTC | 444 ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.30% | 1.73% | $ 100.097M | 1.163K BTC | 36.742K ETH | |
| 74 |
Saber SBR | Solana | 1.29% | 2.06% | $ 5.747M | 67 BTC | 2.109K ETH | |
| 133 |
Siren SI | Ethereum | 1.28% | -0.69% | $ 552.923K | 6 BTC | 203 ETH | |
| 219 |
Loopring LRC | Ethereum | 1.25% | 2.58% | $ 34.471K | 0 BTC | 13 ETH | |
| 244 |
Integral | Ethereum | 1.23% | 1.10% | $ 7.538K | 0 BTC | 3 ETH | |
| 153 |
Charm Finance | Ethereum | 1.23% | 1.18% | $ 341.428K | 4 BTC | 125 ETH | |
| 117 |
KEEP Network KEEP | Ethereum | 1.19% | 1.34% | $ 977.691K | 11 BTC | 359 ETH | |
| 245 |
QIAN KUN | Ethereum | 1.15% | 1.29% | $ 6.207K | 0 BTC | 2 ETH | |
| 266 |
FutureSwap FST | Ethereum | 1.15% | 0.54% | $ 14 | 0 BTC | 0 ETH | |
| 174 |
Metronome MET | Ethereum | 1.14% | 0.78% | $ 149.738K | 2 BTC | 55 ETH | |
| 253 |
Robo-Advisor for Yield | Ethereum | 1.12% | 1.50% | $ 3.971K | 0 BTC | 1 ETH | |
| 202 |
Complus Network COM | Avalanche | 1.11% | 3.40% | $ 78.574K | 1 BTC | 29 ETH | |
| 176 |
Indexed Finance NDX | Ethereum | 1.09% | 0.58% | $ 145.639K | 2 BTC | 53 ETH | |
| 88 |
Gambit Protocol GMT | Binance | 1.08% | 1.27% | $ 3.421M | 40 BTC | 1.256K ETH | |
| 230 |
Gaj Finance GAJ | Polygon | 1.08% | 0.21% | $ 22.287K | 0 BTC | 8 ETH | |
| 56 |
Badger DAO BADGER | Ethereum | 1.08% | 0.73% | $ 13.691M | 159 BTC | 5.025K ETH | |
| 167 |
JetFuel Finance FUEL | Multi-Chain | 1.07% | 0.44% | $ 175.277K | 2 BTC | 64 ETH | |
| 173 |
CREAM Finance CREAM | Multi-Chain | 1.06% | 1.95% | $ 156.470K | 2 BTC | 57 ETH | |
| 126 |
Honeyswap HNY | xDai | 1.06% | 2.13% | $ 760.878K | 9 BTC | 279 ETH | |
| 60 |
Bancor BNT | Ethereum | 1.02% | 3.33% | $ 10.764M | 125 BTC | 3.951K ETH | |
| 79 |
Abracadabra SPELL | Ethereum | 1.02% | 1.15% | $ 5.084M | 59 BTC | 1.866K ETH | |
| 263 |
DeFiner FIN | Ethereum | 1.00% | 26.24% | $ 454 | 0 BTC | 0 ETH | |
| 39 |
Mercurial Finance MER | Solana | 0.99% | -0.22% | $ 51.204M | 595 BTC | 18.795K ETH | |
| 87 |
1inch 1INCH | Ethereum | 0.97% | 1.43% | $ 3.500M | 41 BTC | 1.285K ETH | |
| 11 |
Venus XVS | Binance | 0.92% | -1.54% | $ 1.330B | 15.454K BTC | 488.065K 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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