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 | 0.67% | 2.08% | $ 26.776B | 311.249K BTC | 9.826M ETH | |
| 2 |
WBTC WBTC | Ethereum | 2.08% | 1.57% | $ 9.961B | 115.786K BTC | 3.655M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 94.791K BTC | 2.993M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 82.587K BTC | 2.607M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.50% | 0.16% | $ 5.850B | 68.004K BTC | 2.147M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 43.963K BTC | 1.388M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 28.839K BTC | 910.460K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 25.678K BTC | 810.659K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 18.625K BTC | 587.981K ETH | |
| 10 |
Raydium RAY | Solana | 0.78% | 1.97% | $ 1.350B | 15.695K BTC | 495.490K ETH | |
| 11 |
Venus XVS | Binance | 0.92% | -1.54% | $ 1.330B | 15.456K BTC | 487.945K ETH | |
| 12 |
Pendle PENDLE | Ethereum | 0.81% | 0.05% | $ 1.258B | 14.621K BTC | 461.600K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 0.70% | 1.04% | $ 1.022B | 11.876K BTC | 374.938K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.334K BTC | 294.675K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.180K BTC | 289.812K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 0.72% | -0.05% | $ 775.524M | 9.015K BTC | 284.599K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 7.772K BTC | 245.362K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -0.99% | 3.65% | $ 620.579M | 7.214K BTC | 227.738K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.910K BTC | 186.591K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.105K BTC | 161.163K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.669K BTC | 147.407K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.79% | 1.35% | $ 318.046M | 3.697K BTC | 116.715K ETH | |
| 23 |
Orca | Solana | 0.39% | 7.03% | $ 316.813M | 3.683K BTC | 116.263K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 0.16% | 5.21% | $ 283.936M | 3.301K BTC | 104.198K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -0.03% | 0.95% | $ 205.155M | 2.385K BTC | 75.287K ETH | |
| 26 |
Liquity LQTY | Ethereum | 0.67% | 1.29% | $ 196.415M | 2.283K BTC | 72.080K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -0.65% | 4.11% | $ 155.168M | 1.804K BTC | 56.943K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | 0.43% | 1.43% | $ 121.859M | 1.417K BTC | 44.719K ETH | |
| 29 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.362K BTC | 42.988K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | 0.30% | 0.72% | $ 114.969M | 1.336K BTC | 42.191K ETH | |
| 31 |
Compound COMP | Ethereum | 0.83% | 0.78% | $ 112.291M | 1.305K BTC | 41.208K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.30% | 1.73% | $ 100.097M | 1.164K BTC | 36.733K ETH | |
| 33 |
Vesper VSP | Ethereum | 0.45% | 0.78% | $ 94.658M | 1.100K BTC | 34.737K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 871 BTC | 27.511K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 832 BTC | 26.267K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 720 BTC | 22.740K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 699 BTC | 22.082K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 602 BTC | 18.994K ETH | |
| 39 |
Mercurial Finance MER | Solana | 0.99% | -0.22% | $ 51.204M | 595 BTC | 18.791K ETH | |
| 40 |
AnySwap ANY | Multi-Chain | -0.23% | 0.48% | $ 45.809M | 532 BTC | 16.811K ETH | |
| 41 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 522 BTC | 16.470K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 467 BTC | 14.755K ETH | |
| 43 |
dYdX | Ethereum | -0.54% | -1.33% | $ 38.449M | 447 BTC | 14.110K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 446 BTC | 14.071K ETH | |
| 45 |
Frax FXS | Ethereum | 7.00% | -1.78% | $ 38.232M | 444 BTC | 14.030K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 0.12% | -0.03% | $ 36.498M | 424 BTC | 13.394K ETH | |
| 47 |
Connext | Multi-Chain | 0.87% | 0.62% | $ 32.721M | 380 BTC | 12.008K ETH | |
| 48 |
Ankr ANKR | Ethereum | 0.58% | 0.65% | $ 30.096M | 350 BTC | 11.044K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 3.51% | 3.80% | $ 26.928M | 313 BTC | 9.882K ETH | |
| 50 |
Harvest Finance FARM | Ethereum | 0.64% | -1.52% | $ 23.507M | 273 BTC | 8.627K 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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