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 | 2.90% | -12.34% | $ 29.209B | 447.489K BTC | 9.372M ETH | |
2 |
WBTC WBTC | Ethereum | 3.50% | -8.46% | $ 10.066B | 154.214K BTC | 3.230M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 124.930K BTC | 2.616M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 108.846K BTC | 2.280M ETH | |
5 |
MakerDAO MKR | Ethereum | 4.77% | -7.14% | $ 5.886B | 90.171K BTC | 1.889M ETH | |
6 |
Pendle PENDLE | Ethereum | 1.96% | -4.72% | $ 4.685B | 71.780K BTC | 1.503M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 57.941K BTC | 1.214M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.009K BTC | 796.046K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.842K BTC | 708.787K ETH | |
10 |
Venus XVS | Binance | -1.18% | -11.32% | $ 1.613B | 24.719K BTC | 517.703K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.546K BTC | 514.092K ETH | |
12 |
Convex Finance CVX | Ethereum | 2.11% | -16.83% | $ 1.184B | 18.135K BTC | 379.809K ETH | |
13 |
Compound COMP | Ethereum | 3.73% | -11.83% | $ 907.153M | 13.898K BTC | 291.069K ETH | |
14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.302K BTC | 257.644K ETH | |
15 |
Connext | Multi-Chain | 5.42% | 1,444.53% | $ 796.214M | 12.198K BTC | 255.473K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.099K BTC | 253.393K ETH | |
17 |
Liquity LQTY | Ethereum | 3.30% | -11.28% | $ 686.301M | 10.514K BTC | 220.207K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | 2.25% | -7.79% | $ 677.644M | 10.382K BTC | 217.429K ETH | |
19 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.243K BTC | 214.528K ETH | |
20 |
Synthetix SNX | Ethereum | 4.14% | -23.05% | $ 625.464M | 9.582K BTC | 200.687K ETH | |
21 |
Raydium RAY | Solana | 9.00% | -9.02% | $ 599.497M | 9.184K BTC | 192.355K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.790K BTC | 163.143K ETH | |
23 |
Tornado Cash TORN | Ethereum | 1.87% | -11.92% | $ 460.815M | 7.060K BTC | 147.857K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.728K BTC | 140.910K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.154K BTC | 128.883K ETH | |
26 |
dYdX | Ethereum | 0.42% | -10.76% | $ 335.102M | 5.134K BTC | 107.521K ETH | |
27 |
StakeWise SWISE | Ethereum | 1.57% | -9.68% | $ 329.579M | 5.049K BTC | 105.749K ETH | |
28 |
Lightning Network | Bitcoin | 3.11% | -7.21% | $ 299.828M | 4.593K BTC | 96.203K ETH | |
29 |
Yearn Finance YFI | Ethereum | 1.51% | -10.34% | $ 287.254M | 4.401K BTC | 92.168K ETH | |
30 |
Nexus Mutual NXM | Ethereum | 1.22% | -12.61% | $ 259.847M | 3.981K BTC | 83.375K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | 1.45% | -9.34% | $ 253.025M | 3.876K BTC | 81.186K ETH | |
32 |
Flexa AMP | Ethereum | 1.98% | -16.23% | $ 215.196M | 3.297K BTC | 69.048K ETH | |
33 |
Orca | Solana | 6.25% | -23.93% | $ 187.619M | 2.874K BTC | 60.199K ETH | |
34 |
AnySwap ANY | Multi-Chain | 2.17% | -15.77% | $ 185.988M | 2.849K BTC | 59.676K ETH | |
35 |
Gambit Protocol GMT | Binance | 1.25% | -6.61% | $ 168.970M | 2.589K BTC | 54.216K ETH | |
36 |
Enzyme Finance MLN | Ethereum | -1.16% | -19.65% | $ 156.165M | 2.392K BTC | 50.107K ETH | |
37 |
Osmosis OSMO | Osmosis | 3.84% | -18.38% | $ 144.231M | 2.210K BTC | 46.278K ETH | |
38 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.795K BTC | 37.586K ETH | |
39 |
Loopring LRC | Ethereum | 1.98% | -19.81% | $ 106.987M | 1.639K BTC | 34.328K ETH | |
40 |
Flamincome FLAG | Ethereum | 3.33% | -7.44% | $ 105.930M | 1.623K BTC | 33.989K ETH | |
41 |
Abracadabra SPELL | Ethereum | -10.54% | -20.28% | $ 102.315M | 1.567K BTC | 32.829K ETH | |
42 |
Set Protocol | Ethereum | 2.98% | -17.91% | $ 94.015M | 1.440K BTC | 30.166K ETH | |
43 |
Hard Protocol HARD | Kava | 2.46% | -18.68% | $ 87.129M | 1.335K BTC | 27.956K ETH | |
44 |
Visor Finance VISR | Ethereum | 2.62% | -20.22% | $ 84.150M | 1.289K BTC | 27.000K ETH | |
45 |
Index Coop INDEX | Ethereum | 2.31% | -19.16% | $ 80.076M | 1.227K BTC | 25.693K ETH | |
46 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.148K BTC | 24.054K ETH | |
47 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.097K BTC | 22.966K ETH | |
48 |
StakeDAO SDT | Ethereum | 1.94% | -18.21% | $ 69.958M | 1.072K BTC | 22.447K ETH | |
49 |
MoneyOnChain MOC | RSK | 2.32% | -8.29% | $ 66.822M | 1.024K BTC | 21.440K ETH | |
50 |
Ankr ANKR | Ethereum | 1.19% | -36.53% | $ 65.961M | 1.011K BTC | 21.164K 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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