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 | 3.25% | -4.92% | $ 14.925B | 234.657K BTC | 8.917M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 128.213K BTC | 4.872M ETH | |
| 3 |
WBTC WBTC | Ethereum | 2.61% | -0.28% | $ 7.240B | 113.827K BTC | 4.326M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 111.707K BTC | 4.245M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.71% | -2.33% | $ 5.754B | 90.466K BTC | 3.438M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.464K BTC | 2.260M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 39.008K BTC | 1.482M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.732K BTC | 1.320M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.191K BTC | 957.311K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 1.37% | -6.21% | $ 1.146B | 18.021K BTC | 684.823K ETH | |
| 11 |
Venus XVS | Binance | 3.73% | 1.99% | $ 1.063B | 16.706K BTC | 634.871K ETH | |
| 12 |
Raydium RAY | Solana | 4.98% | -2.27% | $ 808.387M | 12.710K BTC | 483.000K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.625K BTC | 479.769K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.417K BTC | 471.852K ETH | |
| 15 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.512K BTC | 399.481K ETH | |
| 16 |
StakeWise SWISE | Ethereum | 2.89% | -4.67% | $ 612.901M | 9.636K BTC | 366.199K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 5.00% | 1.25% | $ 530.462M | 8.340K BTC | 316.944K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.994K BTC | 303.795K ETH | |
| 19 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.905K BTC | 262.394K ETH | |
| 20 |
Tornado Cash TORN | Ethereum | 2.73% | -4.81% | $ 429.864M | 6.759K BTC | 256.838K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.316K BTC | 239.998K ETH | |
| 22 |
Lightning Network | Bitcoin | 3.67% | 0.22% | $ 309.333M | 4.864K BTC | 184.822K ETH | |
| 23 |
Orca | Solana | 3.42% | 3.26% | $ 241.839M | 3.802K BTC | 144.496K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 2.31% | 1.19% | $ 238.534M | 3.750K BTC | 142.520K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.96% | -11.98% | $ 152.987M | 2.405K BTC | 91.407K ETH | |
| 26 |
Liquity LQTY | Ethereum | 3.24% | -5.96% | $ 124.887M | 1.964K BTC | 74.618K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.842K BTC | 69.990K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 5.66% | 8.25% | $ 115.473M | 1.816K BTC | 68.994K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 1.49% | -3.69% | $ 111.069M | 1.746K BTC | 66.362K ETH | |
| 30 |
Compound COMP | Ethereum | 2.14% | -10.48% | $ 90.055M | 1.416K BTC | 53.807K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 2.70% | -4.18% | $ 79.308M | 1.247K BTC | 47.386K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 2.17% | -2.50% | $ 75.910M | 1.194K BTC | 45.355K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.179K BTC | 44.792K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.125K BTC | 42.767K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 974 BTC | 37.024K ETH | |
| 36 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 946 BTC | 35.952K ETH | |
| 37 |
Frax FXS | Ethereum | -1.94% | -5.13% | $ 59.120M | 930 BTC | 35.323K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 814 BTC | 30.925K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 706 BTC | 26.816K ETH | |
| 40 |
Vesper VSP | Ethereum | 1.48% | -2.40% | $ 41.993M | 660 BTC | 25.090K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 632 BTC | 24.023K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 1.99% | -4.97% | $ 38.779M | 610 BTC | 23.170K ETH | |
| 43 |
dYdX | Ethereum | 0.23% | -0.40% | $ 38.584M | 607 BTC | 23.053K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 603 BTC | 22.909K ETH | |
| 45 |
MoneyOnChain MOC | RSK | 2.61% | -0.40% | $ 35.171M | 553 BTC | 21.014K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 2.07% | 0.07% | $ 29.833M | 469 BTC | 17.825K ETH | |
| 47 |
Connext | Multi-Chain | 3.12% | -5.43% | $ 22.943M | 361 BTC | 13.708K ETH | |
| 48 |
dHEDGE DHT | Ethereum | 0.82% | 0.27% | $ 19.601M | 308 BTC | 11.711K ETH | |
| 49 |
Mercurial Finance MER | Solana | 4.81% | 0.20% | $ 17.967M | 282 BTC | 10.735K ETH | |
| 50 |
Ankr ANKR | Ethereum | 3.06% | -4.02% | $ 17.750M | 279 BTC | 10.605K 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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