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 | 0.30% | -0.03% | $ 17.930B | 279.131K BTC | 9.451M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 126.951K BTC | 4.299M ETH | |
| 3 |
WBTC WBTC | Ethereum | -0.38% | -0.16% | $ 7.333B | 114.160K BTC | 3.865M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 110.607K BTC | 3.745M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.12% | 0.00% | $ 5.650B | 87.952K BTC | 2.978M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 58.878K BTC | 1.994M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.624K BTC | 1.308M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.390K BTC | 1.164M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.943K BTC | 844.574K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -2.07% | -0.24% | $ 1.171B | 18.236K BTC | 617.470K ETH | |
| 11 |
Venus XVS | Binance | -0.28% | 0.97% | $ 1.059B | 16.487K BTC | 558.237K ETH | |
| 12 |
Raydium RAY | Solana | -1.31% | -2.69% | $ 806.407M | 12.554K BTC | 425.076K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.501K BTC | 423.269K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.294K BTC | 416.285K ETH | |
| 15 |
StakeWise SWISE | Ethereum | -0.08% | -2.00% | $ 707.285M | 11.011K BTC | 372.827K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.409K BTC | 352.436K ETH | |
| 17 |
Tornado Cash TORN | Ethereum | 0.77% | 0.02% | $ 580.435M | 9.036K BTC | 305.961K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.916K BTC | 268.019K ETH | |
| 19 |
Convex Finance CVX | Ethereum | 1.34% | 0.01% | $ 467.250M | 7.274K BTC | 246.298K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.837K BTC | 231.493K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.253K BTC | 211.735K ETH | |
| 22 |
Lightning Network | Bitcoin | -0.60% | -5.71% | $ 269.234M | 4.191K BTC | 141.920K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.32% | -1.06% | $ 243.641M | 3.793K BTC | 128.429K ETH | |
| 24 |
Orca | Solana | -0.42% | 3.64% | $ 242.809M | 3.780K BTC | 127.990K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -0.06% | -2.25% | $ 176.401M | 2.746K BTC | 92.985K ETH | |
| 26 |
Liquity LQTY | Ethereum | -0.06% | 0.66% | $ 141.110M | 2.197K BTC | 74.382K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.824K BTC | 61.747K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 4.42% | 2.51% | $ 108.874M | 1.695K BTC | 57.390K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -0.55% | -4.82% | $ 102.123M | 1.590K BTC | 53.831K ETH | |
| 30 |
Compound COMP | Ethereum | -0.01% | -0.38% | $ 90.009M | 1.401K BTC | 47.446K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -0.05% | -0.74% | $ 87.134M | 1.356K BTC | 45.930K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -0.14% | -1.32% | $ 84.199M | 1.311K BTC | 44.383K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.167K BTC | 39.517K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.114K BTC | 37.730K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 965 BTC | 32.664K ETH | |
| 36 |
Vesper VSP | Ethereum | -0.57% | -9.78% | $ 60.230M | 938 BTC | 31.749K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 937 BTC | 31.718K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 806 BTC | 27.283K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 699 BTC | 23.658K ETH | |
| 40 |
Frax FXS | Ethereum | 0.05% | -4.95% | $ 42.366M | 660 BTC | 22.332K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 626 BTC | 21.194K ETH | |
| 42 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 597 BTC | 20.211K ETH | |
| 43 |
dYdX | Ethereum | 0.01% | -0.07% | $ 37.846M | 589 BTC | 19.950K ETH | |
| 44 |
AnySwap ANY | Multi-Chain | -0.15% | -0.15% | $ 37.622M | 586 BTC | 19.831K ETH | |
| 45 |
Mercurial Finance MER | Solana | -0.89% | -1.16% | $ 36.409M | 567 BTC | 19.192K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 0.49% | 1.56% | $ 30.301M | 472 BTC | 15.973K ETH | |
| 47 |
Connext | Multi-Chain | 0.07% | -0.39% | $ 23.450M | 365 BTC | 12.361K ETH | |
| 48 |
Ankr ANKR | Ethereum | 1.39% | -0.16% | $ 20.627M | 321 BTC | 10.873K ETH | |
| 49 |
dHEDGE DHT | Ethereum | -0.21% | -0.58% | $ 20.412M | 318 BTC | 10.760K ETH | |
| 50 |
MoneyOnChain MOC | RSK | -0.62% | -1.22% | $ 18.407M | 287 BTC | 9.703K 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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