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 | -5.86% | -5.39% | $ 17.630B | 269.093K BTC | 4.810M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 124.469K BTC | 2.225M ETH | |
| 3 |
WBTC WBTC | Ethereum | -4.53% | -5.18% | $ 7.737B | 118.094K BTC | 2.111M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 108.444K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.69% | -1.02% | $ 5.402B | 82.456K BTC | 1.474M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 57.727K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 37.868K BTC | 676.891K ETH | |
| 8 |
Pendle PENDLE | Ethereum | -0.83% | -10.16% | $ 2.287B | 34.914K BTC | 624.089K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.717K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.456K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -3.55% | -7.84% | $ 1.291B | 19.708K BTC | 352.283K ETH | |
| 12 |
Raydium RAY | Solana | -6.90% | -7.22% | $ 958.916M | 14.636K BTC | 261.623K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.256K BTC | 219.079K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.054K BTC | 215.464K ETH | |
| 15 |
StakeWise SWISE | Ethereum | -5.47% | -7.09% | $ 735.358M | 11.224K BTC | 200.630K ETH | |
| 16 |
Convex Finance CVX | Ethereum | -1.91% | -4.05% | $ 681.626M | 10.404K BTC | 185.970K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.205K BTC | 182.417K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.761K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -6.65% | -4.68% | $ 476.197M | 7.268K BTC | 129.922K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.703K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.131K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -4.31% | -6.69% | $ 328.919M | 5.020K BTC | 89.740K ETH | |
| 23 |
Yearn Finance YFI | Ethereum | -1.66% | -8.77% | $ 282.977M | 4.319K BTC | 77.205K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -3.62% | -8.12% | $ 274.165M | 4.185K BTC | 74.801K ETH | |
| 25 |
Orca | Solana | -3.95% | -5.27% | $ 248.311M | 3.790K BTC | 67.747K ETH | |
| 26 |
Connext | Multi-Chain | -5.64% | -6.51% | $ 184.666M | 2.819K BTC | 50.383K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -1.92% | 2.10% | $ 144.333M | 2.203K BTC | 39.379K ETH | |
| 28 |
Liquity LQTY | Ethereum | -5.84% | -5.14% | $ 143.098M | 2.184K BTC | 39.042K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -1.74% | -3.66% | $ 140.423M | 2.143K BTC | 38.312K ETH | |
| 30 |
Compound COMP | Ethereum | -4.13% | -13.79% | $ 131.916M | 2.014K BTC | 35.991K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.788K BTC | 31.960K ETH | |
| 32 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.415K BTC | 25.291K ETH | |
| 33 |
Nexus Mutual NXM | Ethereum | -4.95% | -4.62% | $ 91.723M | 1.400K BTC | 25.025K ETH | |
| 34 |
Enzyme Finance MLN | Ethereum | -4.28% | -4.00% | $ 86.985M | 1.328K BTC | 23.732K ETH | |
| 35 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.144K BTC | 20.453K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.093K BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 946 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 918 BTC | 16.417K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 790 BTC | 14.121K ETH | |
| 40 |
Frax FXS | Ethereum | -0.17% | -0.14% | $ 50.308M | 768 BTC | 13.726K ETH | |
| 41 |
Kava KAVA | Kava | -5.67% | -8.27% | $ 45.976M | 702 BTC | 12.544K ETH | |
| 42 |
Idle Finance IDLE | Ethereum | -0.05% | -1.10% | $ 45.438M | 694 BTC | 12.397K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 685 BTC | 12.245K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 614 BTC | 10.970K ETH | |
| 45 |
dYdX | Ethereum | -0.51% | -0.47% | $ 39.080M | 597 BTC | 10.662K ETH | |
| 46 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 585 BTC | 10.461K ETH | |
| 47 |
MoneyOnChain MOC | RSK | -4.79% | -5.90% | $ 37.061M | 566 BTC | 10.111K ETH | |
| 48 |
Vesper VSP | Ethereum | -3.41% | -3.09% | $ 33.420M | 510 BTC | 9.118K ETH | |
| 49 |
Alpaca Finance ALPACA | Binance | -3.90% | -3.29% | $ 30.023M | 458 BTC | 8.191K ETH | |
| 50 |
Alchemix ALCX | Ethereum | -2.48% | -2.36% | $ 28.447M | 434 BTC | 7.761K 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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