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 | -5.09% | -4.75% | $ 17.773B | 269.963K BTC | 4.849M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 123.864K BTC | 2.225M ETH | |
| 3 |
WBTC WBTC | Ethereum | -3.86% | -4.37% | $ 7.791B | 118.337K BTC | 2.126M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 107.918K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.34% | -0.67% | $ 5.420B | 82.330K BTC | 1.479M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 57.447K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 37.684K BTC | 676.891K ETH | |
| 8 |
Pendle PENDLE | Ethereum | -0.66% | -10.09% | $ 2.288B | 34.754K BTC | 624.258K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.554K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.337K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -2.65% | -6.29% | $ 1.307B | 19.847K BTC | 356.487K ETH | |
| 12 |
Raydium RAY | Solana | -6.90% | -6.29% | $ 958.916M | 14.565K BTC | 261.623K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.197K BTC | 219.079K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.995K BTC | 215.464K ETH | |
| 15 |
StakeWise SWISE | Ethereum | -5.00% | -7.02% | $ 738.994M | 11.225K BTC | 201.622K ETH | |
| 16 |
Convex Finance CVX | Ethereum | -1.85% | -3.81% | $ 682.391M | 10.365K BTC | 186.179K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.156K BTC | 182.417K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.723K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -5.78% | -3.89% | $ 480.626M | 7.300K BTC | 131.131K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.671K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.101K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -3.27% | -4.98% | $ 332.478M | 5.050K BTC | 90.711K ETH | |
| 23 |
Yearn Finance YFI | Ethereum | -1.62% | -8.78% | $ 283.206M | 4.302K BTC | 77.268K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -3.45% | -8.06% | $ 274.642M | 4.172K BTC | 74.931K ETH | |
| 25 |
Orca | Solana | -3.59% | -4.86% | $ 249.452M | 3.789K BTC | 68.059K ETH | |
| 26 |
Connext | Multi-Chain | -4.82% | -5.39% | $ 186.663M | 2.835K BTC | 50.928K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -0.57% | 3.89% | $ 146.248M | 2.221K BTC | 39.901K ETH | |
| 28 |
Liquity LQTY | Ethereum | -5.03% | -4.38% | $ 144.434M | 2.194K BTC | 39.406K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.46% | -3.26% | $ 140.817M | 2.139K BTC | 38.420K ETH | |
| 30 |
Compound COMP | Ethereum | -3.37% | -13.23% | $ 132.967M | 2.020K BTC | 36.278K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.779K BTC | 31.960K ETH | |
| 32 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.408K BTC | 25.291K ETH | |
| 33 |
Nexus Mutual NXM | Ethereum | -4.40% | -3.64% | $ 92.316M | 1.402K BTC | 25.187K ETH | |
| 34 |
Enzyme Finance MLN | Ethereum | -3.47% | -3.09% | $ 87.709M | 1.332K BTC | 23.930K ETH | |
| 35 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.139K BTC | 20.453K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.087K BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 941 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 914 BTC | 16.417K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 786 BTC | 14.121K ETH | |
| 40 |
Frax FXS | Ethereum | -0.17% | -0.13% | $ 50.313M | 764 BTC | 13.727K ETH | |
| 41 |
Kava KAVA | Kava | -4.61% | -6.99% | $ 46.493M | 706 BTC | 12.685K ETH | |
| 42 |
Idle Finance IDLE | Ethereum | -0.05% | -1.10% | $ 45.442M | 690 BTC | 12.398K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 682 BTC | 12.245K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 611 BTC | 10.970K ETH | |
| 45 |
dYdX | Ethereum | -0.45% | -0.38% | $ 39.104M | 594 BTC | 10.669K ETH | |
| 46 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 582 BTC | 10.461K ETH | |
| 47 |
MoneyOnChain MOC | RSK | -3.22% | -3.92% | $ 37.657M | 572 BTC | 10.274K ETH | |
| 48 |
Vesper VSP | Ethereum | -2.92% | -2.70% | $ 33.635M | 511 BTC | 9.177K ETH | |
| 49 |
Alpaca Finance ALPACA | Binance | -2.87% | -1.70% | $ 30.343M | 461 BTC | 8.278K ETH | |
| 50 |
Alchemix ALCX | Ethereum | -4.51% | -4.28% | $ 27.860M | 423 BTC | 7.601K 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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