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 | -3.81% | -1.30% | $ 29.733B | 477.212K BTC | 9.399M ETH | |
2 |
WBTC WBTC | Ethereum | -1.78% | -5.48% | $ 9.708B | 155.812K BTC | 3.069M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 130.879K BTC | 2.578M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 114.030K BTC | 2.246M ETH | |
5 |
MakerDAO MKR | Ethereum | -3.21% | 0.59% | $ 6.003B | 96.344K BTC | 1.898M ETH | |
6 |
Pendle PENDLE | Ethereum | -1.86% | -14.00% | $ 4.297B | 68.963K BTC | 1.358M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 60.700K BTC | 1.196M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 39.819K BTC | 784.297K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 35.454K BTC | 698.326K ETH | |
10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.715K BTC | 506.505K ETH | |
11 |
Venus XVS | Binance | -1.34% | -6.63% | $ 1.581B | 25.377K BTC | 499.834K ETH | |
12 |
Convex Finance CVX | Ethereum | -2.26% | 27.09% | $ 1.546B | 24.818K BTC | 488.823K ETH | |
13 |
Connext | Multi-Chain | -3.91% | 8.86% | $ 928.290M | 14.899K BTC | 293.455K ETH | |
14 |
Compound COMP | Ethereum | -3.89% | -8.20% | $ 870.162M | 13.966K BTC | 275.080K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.888K BTC | 253.842K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.675K BTC | 249.653K ETH | |
17 |
Liquity LQTY | Ethereum | -3.66% | -1.55% | $ 699.979M | 11.234K BTC | 221.280K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | -3.16% | -6.49% | $ 670.188M | 10.756K BTC | 211.863K ETH | |
19 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.731K BTC | 211.362K ETH | |
20 |
Raydium RAY | Solana | 3.01% | -4.51% | $ 631.208M | 10.131K BTC | 199.540K ETH | |
21 |
Synthetix SNX | Ethereum | -2.74% | -6.09% | $ 623.780M | 10.011K BTC | 197.192K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.161K BTC | 160.735K ETH | |
23 |
Tornado Cash TORN | Ethereum | -3.67% | -1.02% | $ 468.483M | 7.519K BTC | 148.099K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 7.048K BTC | 138.831K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.447K BTC | 126.981K ETH | |
26 |
StakeWise SWISE | Ethereum | -3.49% | -2.47% | $ 334.266M | 5.365K BTC | 105.670K ETH | |
27 |
dYdX | Ethereum | -0.50% | -3.69% | $ 323.650M | 5.194K BTC | 102.314K ETH | |
28 |
Lightning Network | Bitcoin | -1.35% | -3.73% | $ 295.052M | 4.735K BTC | 93.273K ETH | |
29 |
Yearn Finance YFI | Ethereum | -1.87% | -0.70% | $ 293.340M | 4.708K BTC | 92.732K ETH | |
30 |
Nexus Mutual NXM | Ethereum | -3.91% | -1.72% | $ 264.046M | 4.238K BTC | 83.471K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | -1.80% | -1.91% | $ 249.893M | 4.011K BTC | 78.997K ETH | |
32 |
Orca | Solana | -4.12% | -8.85% | $ 212.385M | 3.409K BTC | 67.140K ETH | |
33 |
Flexa AMP | Ethereum | -5.23% | -13.41% | $ 198.660M | 3.188K BTC | 62.801K ETH | |
34 |
AnySwap ANY | Multi-Chain | -5.61% | -10.27% | $ 179.485M | 2.881K BTC | 56.740K ETH | |
35 |
Gambit Protocol GMT | Binance | -1.99% | -4.87% | $ 164.780M | 2.645K BTC | 52.091K ETH | |
36 |
Enzyme Finance MLN | Ethereum | -3.42% | -2.25% | $ 157.252M | 2.524K BTC | 49.711K ETH | |
37 |
Osmosis OSMO | Osmosis | -4.63% | -9.98% | $ 138.147M | 2.217K BTC | 43.672K ETH | |
38 |
Tranchess CHESS | Binance | -0.23% | 56.56% | $ 128.827M | 2.068K BTC | 40.725K ETH | |
39 |
Abracadabra SPELL | Ethereum | -3.03% | -1.95% | $ 117.597M | 1.887K BTC | 37.175K ETH | |
40 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.880K BTC | 37.031K ETH | |
41 |
Flamincome FLAG | Ethereum | -2.06% | -3.52% | $ 104.116M | 1.671K BTC | 32.914K ETH | |
42 |
Loopring LRC | Ethereum | -5.07% | -7.02% | $ 104.021M | 1.670K BTC | 32.884K ETH | |
43 |
Set Protocol | Ethereum | -4.29% | -3.48% | $ 94.245M | 1.513K BTC | 29.793K ETH | |
44 |
Visor Finance VISR | Ethereum | -2.22% | -0.86% | $ 86.835M | 1.394K BTC | 27.451K ETH | |
45 |
Hard Protocol HARD | Kava | -2.88% | -6.92% | $ 84.887M | 1.362K BTC | 26.835K ETH | |
46 |
Index Coop INDEX | Ethereum | -5.03% | -3.99% | $ 80.499M | 1.292K BTC | 25.448K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.203K BTC | 23.699K ETH | |
48 |
MoneyOnChain MOC | RSK | -3.17% | -5.50% | $ 72.353M | 1.161K BTC | 22.873K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.149K BTC | 22.627K ETH | |
50 |
Ankr ANKR | Ethereum | -8.51% | -5.89% | $ 64.226M | 1.031K BTC | 20.304K 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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