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 | -0.01% | 1.99% | $ 26.776B | 311.046K BTC | 9.796M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.46% | 1.57% | $ 9.961B | 115.710K BTC | 3.644M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 94.729K BTC | 2.983M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 82.533K BTC | 2.599M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.64% | 0.43% | $ 5.866B | 68.142K BTC | 2.146M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 43.934K BTC | 1.384M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 28.820K BTC | 907.638K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 25.661K BTC | 808.147K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 18.612K BTC | 586.160K ETH | |
| 10 |
Raydium RAY | Solana | 0.78% | 1.97% | $ 1.350B | 15.685K BTC | 493.955K ETH | |
| 11 |
Venus XVS | Binance | 0.81% | -1.54% | $ 1.330B | 15.446K BTC | 486.433K ETH | |
| 12 |
Pendle PENDLE | Ethereum | 0.77% | 0.07% | $ 1.258B | 14.617K BTC | 460.339K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 0.70% | 1.04% | $ 1.022B | 11.869K BTC | 373.776K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.328K BTC | 293.762K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.174K BTC | 288.914K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 1.00% | 0.22% | $ 777.666M | 9.034K BTC | 284.501K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.767K BTC | 244.602K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -0.62% | 4.04% | $ 622.918M | 7.236K BTC | 227.888K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.907K BTC | 186.013K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.102K BTC | 160.663K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.666K BTC | 146.950K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.65% | 1.35% | $ 318.046M | 3.695K BTC | 116.354K ETH | |
| 23 |
Orca | Solana | 0.39% | 7.03% | $ 316.813M | 3.680K BTC | 115.903K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -0.46% | 5.21% | $ 283.936M | 3.298K BTC | 103.875K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.32% | 1.31% | $ 205.880M | 2.392K BTC | 75.319K ETH | |
| 26 |
Liquity LQTY | Ethereum | -0.02% | 1.29% | $ 196.415M | 2.282K BTC | 71.856K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 0.11% | 4.74% | $ 156.096M | 1.813K BTC | 57.106K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | 0.73% | 1.74% | $ 122.223M | 1.420K BTC | 44.714K ETH | |
| 29 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.361K BTC | 42.855K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | -0.19% | 0.72% | $ 114.969M | 1.336K BTC | 42.060K ETH | |
| 31 |
Compound COMP | Ethereum | 0.60% | 1.07% | $ 112.611M | 1.308K BTC | 41.198K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.37% | 2.36% | $ 100.718M | 1.170K BTC | 36.847K ETH | |
| 33 |
Vesper VSP | Ethereum | 0.45% | 0.78% | $ 94.658M | 1.100K BTC | 34.630K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 871 BTC | 27.426K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 831 BTC | 26.186K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 720 BTC | 22.669K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 699 BTC | 22.013K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 601 BTC | 18.935K ETH | |
| 39 |
Mercurial Finance MER | Solana | 0.58% | -0.22% | $ 51.204M | 595 BTC | 18.733K ETH | |
| 40 |
AnySwap ANY | Multi-Chain | -0.45% | 0.48% | $ 45.809M | 532 BTC | 16.759K ETH | |
| 41 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 521 BTC | 16.419K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 467 BTC | 14.709K ETH | |
| 43 |
dYdX | Ethereum | -0.42% | -1.20% | $ 38.497M | 447 BTC | 14.084K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 445 BTC | 14.027K ETH | |
| 45 |
Frax FXS | Ethereum | 7.01% | -1.77% | $ 38.235M | 444 BTC | 13.988K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 0.41% | 0.17% | $ 36.602M | 425 BTC | 13.391K ETH | |
| 47 |
Connext | Multi-Chain | 0.87% | 0.62% | $ 32.721M | 380 BTC | 11.971K ETH | |
| 48 |
Ankr ANKR | Ethereum | 0.49% | 1.14% | $ 30.242M | 351 BTC | 11.064K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 2.88% | 3.16% | $ 26.764M | 311 BTC | 9.791K ETH | |
| 50 |
Harvest Finance FARM | Ethereum | 0.16% | -1.52% | $ 23.507M | 273 BTC | 8.600K 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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