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 | 3.86% | 6.59% | $ 27.257B | 305.211K BTC | 7.437M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.68% | 1.73% | $ 11.056B | 123.803K BTC | 3.017M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 91.311K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 79.555K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.01% | -4.26% | $ 5.802B | 64.964K BTC | 1.583M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 42.349K BTC | 1.032M ETH | |
| 7 |
Pendle PENDLE | Ethereum | 0.31% | -1.30% | $ 3.708B | 41.524K BTC | 1.012M ETH | |
| 8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 27.780K BTC | 676.891K ETH | |
| 9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 24.735K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 17.941K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 3.47% | 6.33% | $ 1.602B | 17.936K BTC | 437.035K ETH | |
| 12 |
Raydium RAY | Solana | 2.93% | 3.11% | $ 1.451B | 16.245K BTC | 395.821K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 3.62% | 4.05% | $ 1.136B | 12.715K BTC | 309.820K ETH | |
| 14 |
Tornado Cash TORN | Ethereum | 3.10% | 4.69% | $ 1.060B | 11.872K BTC | 289.263K ETH | |
| 15 |
Convex Finance CVX | Ethereum | 2.02% | 1.37% | $ 942.608M | 10.555K BTC | 257.174K ETH | |
| 16 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.991K BTC | 219.079K ETH | |
| 17 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.843K BTC | 215.464K ETH | |
| 18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.487K BTC | 182.417K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.693K BTC | 138.723K ETH | |
| 20 |
Lightning Network | Bitcoin | 1.68% | 0.32% | $ 471.893M | 5.284K BTC | 128.748K ETH | |
| 21 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.917K BTC | 119.818K ETH | |
| 22 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.498K BTC | 109.591K ETH | |
| 23 |
Yearn Finance YFI | Ethereum | 1.25% | -1.59% | $ 400.187M | 4.481K BTC | 109.184K ETH | |
| 24 |
Orca | Solana | 5.63% | -11.85% | $ 379.880M | 4.254K BTC | 103.644K ETH | |
| 25 |
xDAI Stake STAKE | Multi-Chain | 1.47% | 4.27% | $ 338.242M | 3.787K BTC | 92.284K ETH | |
| 26 |
Connext | Multi-Chain | 7.08% | 7.11% | $ 324.079M | 3.629K BTC | 88.419K ETH | |
| 27 |
Compound COMP | Ethereum | 2.41% | 0.86% | $ 276.394M | 3.095K BTC | 75.409K ETH | |
| 28 |
Liquity LQTY | Ethereum | 3.39% | 3.23% | $ 240.435M | 2.692K BTC | 65.599K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.45% | -5.92% | $ 210.291M | 2.355K BTC | 57.374K ETH | |
| 30 |
StakeDAO SDT | Ethereum | 2.33% | 4.74% | $ 204.888M | 2.294K BTC | 55.900K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 3.32% | 3.69% | $ 145.307M | 1.627K BTC | 39.645K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.68% | 2.37% | $ 125.954M | 1.410K BTC | 34.364K ETH | |
| 33 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.312K BTC | 31.960K ETH | |
| 34 |
AnySwap ANY | Multi-Chain | 0.00% | 0.00% | $ 92.698M | 1.038K BTC | 25.291K ETH | |
| 35 |
MoneyOnChain MOC | RSK | 1.31% | 2.30% | $ 78.969M | 884 BTC | 21.545K ETH | |
| 36 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 839 BTC | 20.453K ETH | |
| 37 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 801 BTC | 19.529K ETH | |
| 38 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 694 BTC | 16.906K ETH | |
| 39 |
Frax FXS | Ethereum | -0.05% | -8.52% | $ 61.424M | 688 BTC | 16.759K ETH | |
| 40 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 674 BTC | 16.417K ETH | |
| 41 |
Ankr ANKR | Ethereum | 1.21% | 36.84% | $ 57.379M | 642 BTC | 15.655K ETH | |
| 42 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 580 BTC | 14.121K ETH | |
| 43 |
Idle Finance IDLE | Ethereum | 0.03% | 0.13% | $ 46.574M | 522 BTC | 12.707K ETH | |
| 44 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 503 BTC | 12.245K ETH | |
| 45 |
Vesper VSP | Ethereum | 1.81% | 1.95% | $ 44.081M | 494 BTC | 12.027K ETH | |
| 46 |
Alchemix ALCX | Ethereum | 2.40% | 3.59% | $ 42.233M | 473 BTC | 11.522K ETH | |
| 47 |
dYdX | Ethereum | 0.47% | 0.41% | $ 41.315M | 463 BTC | 11.272K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 1.90% | 4.74% | $ 40.804M | 457 BTC | 11.133K ETH | |
| 49 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 450 BTC | 10.970K ETH | |
| 50 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 429 BTC | 10.461K 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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