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 | 5.31% | 7.97% | $ 27.690B | 305.802K BTC | 7.555M ETH | |
| 2 |
WBTC WBTC | Ethereum | 2.21% | 3.33% | $ 11.134B | 122.958K BTC | 3.038M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 90.057K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 78.463K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.85% | -2.73% | $ 5.868B | 64.800K BTC | 1.601M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 41.768K BTC | 1.032M ETH | |
| 7 |
Pendle PENDLE | Ethereum | 0.48% | -1.27% | $ 3.713B | 41.005K BTC | 1.013M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.399K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.396K BTC | 602.693K ETH | |
| 10 |
Venus XVS | Binance | 4.13% | 8.81% | $ 1.617B | 17.859K BTC | 441.197K ETH | |
| 11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.695K BTC | 437.141K ETH | |
| 12 |
Raydium RAY | Solana | 2.93% | 3.11% | $ 1.451B | 16.022K BTC | 395.821K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 3.88% | 6.99% | $ 1.142B | 12.617K BTC | 311.691K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | 3.60% | 6.58% | $ 1.066B | 11.778K BTC | 290.971K ETH | |
| 15 |
Convex Finance CVX | Ethereum | 2.26% | 3.00% | $ 948.205M | 10.472K BTC | 258.701K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.868K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.722K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.384K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.615K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 2.21% | 3.33% | $ 475.194M | 5.248K BTC | 129.649K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.850K BTC | 119.818K ETH | |
| 22 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.436K BTC | 109.591K ETH | |
| 23 |
Yearn Finance YFI | Ethereum | 1.35% | -0.99% | $ 401.199M | 4.431K BTC | 109.460K ETH | |
| 24 |
Orca | Solana | 3.27% | -11.61% | $ 378.610M | 4.181K BTC | 103.297K ETH | |
| 25 |
xDAI Stake STAKE | Multi-Chain | 2.39% | 6.63% | $ 342.654M | 3.784K BTC | 93.487K ETH | |
| 26 |
Connext | Multi-Chain | 7.67% | 10.45% | $ 325.941M | 3.600K BTC | 88.927K ETH | |
| 27 |
Compound COMP | Ethereum | 2.65% | 3.03% | $ 277.873M | 3.069K BTC | 75.813K ETH | |
| 28 |
Liquity LQTY | Ethereum | 4.05% | 6.46% | $ 241.886M | 2.671K BTC | 65.994K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.54% | -5.84% | $ 210.822M | 2.328K BTC | 57.519K ETH | |
| 30 |
StakeDAO SDT | Ethereum | 2.41% | 5.09% | $ 205.574M | 2.270K BTC | 56.087K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 3.46% | 5.87% | $ 146.030M | 1.613K BTC | 39.842K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 2.44% | 3.86% | $ 127.116M | 1.404K BTC | 34.681K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.294K BTC | 31.960K ETH | |
| 34 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.024K BTC | 25.291K ETH | |
| 35 |
MoneyOnChain MOC | RSK | 2.34% | 3.31% | $ 79.906M | 882 BTC | 21.801K ETH | |
| 36 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 828 BTC | 20.453K ETH | |
| 37 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 790 BTC | 19.529K ETH | |
| 38 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 684 BTC | 16.906K ETH | |
| 39 |
Frax FXS | Ethereum | -0.01% | -8.30% | $ 61.494M | 679 BTC | 16.778K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 665 BTC | 16.417K ETH | |
| 41 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 572 BTC | 14.121K ETH | |
| 42 |
Idle Finance IDLE | Ethereum | 0.05% | 0.16% | $ 46.582M | 514 BTC | 12.709K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 496 BTC | 12.245K ETH | |
| 44 |
Vesper VSP | Ethereum | 2.65% | 4.56% | $ 44.490M | 491 BTC | 12.138K ETH | |
| 45 |
Alchemix ALCX | Ethereum | 2.52% | 3.81% | $ 42.324M | 467 BTC | 11.547K ETH | |
| 46 |
dYdX | Ethereum | 0.48% | 0.80% | $ 41.343M | 457 BTC | 11.280K ETH | |
| 47 |
Alpaca Finance ALPACA | Binance | 2.11% | 4.88% | $ 40.913M | 452 BTC | 11.162K ETH | |
| 48 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 444 BTC | 10.970K ETH | |
| 49 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 423 BTC | 10.461K ETH | |
| 50 |
Mercurial Finance MER | Solana | 3.60% | -1.08% | $ 37.012M | 409 BTC | 10.098K 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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