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 | 2.06% | -4.13% | $ 14.925B | 235.172K BTC | 8.928M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 128.495K BTC | 4.878M ETH | |
| 3 |
WBTC WBTC | Ethereum | 2.18% | 0.20% | $ 7.240B | 114.077K BTC | 4.331M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 111.952K BTC | 4.250M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.52% | -2.09% | $ 5.754B | 90.665K BTC | 3.442M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.595K BTC | 2.262M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 39.093K BTC | 1.484M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.808K BTC | 1.321M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.247K BTC | 958.456K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 1.32% | -6.33% | $ 1.146B | 18.061K BTC | 685.643K ETH | |
| 11 |
Venus XVS | Binance | 3.01% | 2.49% | $ 1.063B | 16.743K BTC | 635.631K ETH | |
| 12 |
Raydium RAY | Solana | 4.98% | -2.27% | $ 808.387M | 12.738K BTC | 483.578K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.653K BTC | 480.343K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.444K BTC | 472.417K ETH | |
| 15 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.535K BTC | 399.959K ETH | |
| 16 |
StakeWise SWISE | Ethereum | 1.97% | -3.65% | $ 612.901M | 9.658K BTC | 366.638K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 3.55% | 1.51% | $ 530.462M | 8.359K BTC | 317.323K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.012K BTC | 304.158K ETH | |
| 19 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.920K BTC | 262.708K ETH | |
| 20 |
Tornado Cash TORN | Ethereum | 1.74% | -3.86% | $ 429.864M | 6.773K BTC | 257.145K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.329K BTC | 240.285K ETH | |
| 22 |
Lightning Network | Bitcoin | 2.12% | 0.50% | $ 309.333M | 4.874K BTC | 185.043K ETH | |
| 23 |
Orca | Solana | 3.42% | 3.26% | $ 241.839M | 3.811K BTC | 144.669K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 1.75% | 0.95% | $ 238.534M | 3.759K BTC | 142.691K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.53% | -8.74% | $ 152.987M | 2.411K BTC | 91.517K ETH | |
| 26 |
Liquity LQTY | Ethereum | 2.05% | -4.44% | $ 124.887M | 1.968K BTC | 74.708K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.846K BTC | 70.074K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 4.14% | 8.67% | $ 115.473M | 1.820K BTC | 69.076K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.02% | -3.42% | $ 111.069M | 1.750K BTC | 66.441K ETH | |
| 30 |
Compound COMP | Ethereum | 1.39% | -9.79% | $ 90.055M | 1.419K BTC | 53.871K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 1.51% | -3.92% | $ 79.308M | 1.250K BTC | 47.442K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.62% | -2.15% | $ 75.910M | 1.196K BTC | 45.409K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.181K BTC | 44.845K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.128K BTC | 42.818K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 976 BTC | 37.068K ETH | |
| 36 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 948 BTC | 35.995K ETH | |
| 37 |
Frax FXS | Ethereum | -1.85% | -5.11% | $ 59.120M | 932 BTC | 35.365K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 816 BTC | 30.962K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 707 BTC | 26.848K ETH | |
| 40 |
Vesper VSP | Ethereum | 1.23% | -2.17% | $ 41.993M | 662 BTC | 25.120K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 634 BTC | 24.052K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 1.76% | -4.76% | $ 38.779M | 611 BTC | 23.198K ETH | |
| 43 |
dYdX | Ethereum | 0.16% | -0.34% | $ 38.584M | 608 BTC | 23.081K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 604 BTC | 22.936K ETH | |
| 45 |
MoneyOnChain MOC | RSK | 2.22% | 0.06% | $ 35.171M | 554 BTC | 21.039K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 1.50% | 0.32% | $ 29.833M | 470 BTC | 17.846K ETH | |
| 47 |
Connext | Multi-Chain | 1.77% | -4.96% | $ 22.943M | 362 BTC | 13.725K ETH | |
| 48 |
dHEDGE DHT | Ethereum | 0.68% | 0.19% | $ 19.601M | 309 BTC | 11.725K ETH | |
| 49 |
Mercurial Finance MER | Solana | 4.81% | 0.20% | $ 17.967M | 283 BTC | 10.748K ETH | |
| 50 |
Ankr ANKR | Ethereum | 1.93% | -3.10% | $ 17.750M | 280 BTC | 10.618K 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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