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 | 1.78% | 5.16% | $ 21.027B | 287.921K BTC | 5.737M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.84% | 3.63% | $ 8.441B | 115.588K BTC | 2.303M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 111.661K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 97.286K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -2.29% | -0.82% | $ 6.058B | 82.949K BTC | 1.653M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 51.787K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 33.972K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 30.248K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | 1.13% | -9.88% | $ 1.746B | 23.910K BTC | 476.412K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.939K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | 1.36% | 1.03% | $ 1.181B | 16.169K BTC | 322.174K ETH | |
| 12 |
Raydium RAY | Solana | 1.54% | 1.45% | $ 995.292M | 13.629K BTC | 271.548K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 2.03% | -1.04% | $ 912.258M | 12.492K BTC | 248.894K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.995K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.814K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.155K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 0.08% | -0.90% | $ 625.843M | 8.570K BTC | 170.750K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 1.22% | 3.93% | $ 549.995M | 7.531K BTC | 150.057K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.962K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.013K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.500K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 2.07% | 3.34% | $ 352.663M | 4.829K BTC | 96.218K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.81% | -0.88% | $ 279.584M | 3.828K BTC | 76.280K ETH | |
| 24 |
Orca | Solana | 7.66% | 7.67% | $ 257.310M | 3.523K BTC | 70.202K ETH | |
| 25 |
Connext | Multi-Chain | 0.96% | 4.18% | $ 219.217M | 3.002K BTC | 59.810K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | 0.25% | -10.28% | $ 198.163M | 2.713K BTC | 54.065K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -1.48% | -2.05% | $ 174.390M | 2.388K BTC | 47.579K ETH | |
| 28 |
Liquity LQTY | Ethereum | 1.00% | 3.88% | $ 169.648M | 2.323K BTC | 46.285K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.40% | -0.61% | $ 140.438M | 1.923K BTC | 38.316K ETH | |
| 30 |
Compound COMP | Ethereum | 0.71% | 1.90% | $ 140.275M | 1.921K BTC | 38.272K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.604K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 1.50% | 3.30% | $ 105.869M | 1.450K BTC | 28.884K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 1.00% | 2.87% | $ 83.310M | 1.141K BTC | 22.730K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.027K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 980 BTC | 19.529K ETH | |
| 36 |
Frax FXS | Ethereum | -0.10% | 23.72% | $ 70.097M | 960 BTC | 19.125K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 848 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 824 BTC | 16.417K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 709 BTC | 14.121K ETH | |
| 40 |
Kava KAVA | Kava | 1.90% | 2.52% | $ 51.687M | 708 BTC | 14.102K ETH | |
| 41 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 615 BTC | 12.245K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 1.11% | -2.13% | $ 44.178M | 605 BTC | 12.053K ETH | |
| 43 |
Vesper VSP | Ethereum | 0.90% | 3.80% | $ 43.916M | 601 BTC | 11.982K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 1.86% | 4.23% | $ 41.721M | 571 BTC | 11.383K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 551 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | 0.14% | 0.37% | $ 39.695M | 544 BTC | 10.830K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 525 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 1.55% | -0.02% | $ 29.951M | 410 BTC | 8.172K ETH | |
| 49 |
Ankr ANKR | Ethereum | 2.24% | 4.65% | $ 23.492M | 322 BTC | 6.409K ETH | |
| 50 |
Mercurial Finance MER | Solana | 0.94% | -1.88% | $ 22.248M | 305 BTC | 6.070K 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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