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 | -2.61% | -12.36% | $ 28.740B | 281.053K BTC | 7.841M ETH | |
| 2 |
WBTC WBTC | Ethereum | -2.13% | -7.47% | $ 12.703B | 124.224K BTC | 3.466M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 79.746K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 69.479K BTC | 1.938M ETH | |
| 5 |
Pendle PENDLE | Ethereum | -1.32% | -12.03% | $ 6.170B | 60.336K BTC | 1.683M ETH | |
| 6 |
MakerDAO MKR | Ethereum | -1.30% | -9.11% | $ 6.162B | 60.259K BTC | 1.681M ETH | |
| 7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 36.985K BTC | 1.032M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 24.262K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 21.602K BTC | 602.693K ETH | |
| 10 |
Venus XVS | Binance | -1.77% | -12.35% | $ 1.749B | 17.104K BTC | 477.183K ETH | |
| 11 |
Raydium RAY | Solana | -2.92% | -17.72% | $ 1.705B | 16.671K BTC | 465.102K ETH | |
| 12 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 15.669K BTC | 437.141K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -2.68% | -12.01% | $ 1.176B | 11.496K BTC | 320.735K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | -1.76% | 33.84% | $ 1.139B | 11.138K BTC | 310.749K ETH | |
| 15 |
Convex Finance CVX | Ethereum | -0.49% | -4.01% | $ 935.672M | 9.150K BTC | 255.282K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 7.852K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 7.723K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 6.538K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 4.972K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 1.14% | 4.07% | $ 463.866M | 4.536K BTC | 126.558K ETH | |
| 21 |
Yearn Finance YFI | Ethereum | -2.07% | -11.32% | $ 457.156M | 4.471K BTC | 124.727K ETH | |
| 22 |
Compound COMP | Ethereum | -1.32% | -6.89% | $ 448.726M | 4.388K BTC | 122.427K ETH | |
| 23 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.295K BTC | 119.818K ETH | |
| 24 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 3.928K BTC | 109.591K ETH | |
| 25 |
Orca | Solana | -1.94% | -14.11% | $ 374.436M | 3.662K BTC | 102.158K ETH | |
| 26 |
xDAI Stake STAKE | Multi-Chain | -2.52% | -9.52% | $ 343.119M | 3.355K BTC | 93.614K ETH | |
| 27 |
Connext | Multi-Chain | -5.24% | -14.99% | $ 328.213M | 3.210K BTC | 89.547K ETH | |
| 28 |
Liquity LQTY | Ethereum | -3.45% | -14.14% | $ 264.307M | 2.585K BTC | 72.112K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.06% | -18.30% | $ 239.968M | 2.347K BTC | 65.471K ETH | |
| 30 |
StakeDAO SDT | Ethereum | 0.86% | -6.11% | $ 181.233M | 1.772K BTC | 49.446K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -3.17% | -14.17% | $ 156.082M | 1.526K BTC | 42.584K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -2.35% | -12.09% | $ 131.153M | 1.283K BTC | 35.783K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.146K BTC | 31.960K ETH | |
| 34 |
Frax FXS | Ethereum | -2.33% | 21.59% | $ 95.626M | 935 BTC | 26.090K ETH | |
| 35 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 907 BTC | 25.291K ETH | |
| 36 |
MoneyOnChain MOC | RSK | -1.85% | -7.81% | $ 90.746M | 887 BTC | 24.758K ETH | |
| 37 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 733 BTC | 20.453K ETH | |
| 38 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 700 BTC | 19.529K ETH | |
| 39 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 606 BTC | 16.906K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 588 BTC | 16.417K ETH | |
| 41 |
Ankr ANKR | Ethereum | -0.12% | -4.53% | $ 54.735M | 535 BTC | 14.933K ETH | |
| 42 |
Mercurial Finance MER | Solana | -4.34% | -14.42% | $ 51.883M | 507 BTC | 14.155K ETH | |
| 43 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 506 BTC | 14.121K ETH | |
| 44 |
Idle Finance IDLE | Ethereum | -0.05% | -0.25% | $ 48.426M | 474 BTC | 13.212K ETH | |
| 45 |
Vesper VSP | Ethereum | -2.10% | -10.23% | $ 45.361M | 444 BTC | 12.376K ETH | |
| 46 |
Alchemix ALCX | Ethereum | -2.02% | -12.98% | $ 45.213M | 442 BTC | 12.335K ETH | |
| 47 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 439 BTC | 12.245K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -0.10% | -9.92% | $ 43.628M | 427 BTC | 11.903K ETH | |
| 49 |
dYdX | Ethereum | -0.36% | -2.20% | $ 41.462M | 405 BTC | 11.312K ETH | |
| 50 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 393 BTC | 10.970K 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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