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 | 0.13% | -5.35% | $ 17.916B | 243.246K BTC | 8.909M ETH | |
| 2 |
WBTC WBTC | Ethereum | -0.30% | -4.68% | $ 8.446B | 114.677K BTC | 4.200M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 110.718K BTC | 4.055M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 96.464K BTC | 3.533M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 2.15% | 9.53% | $ 6.187B | 84.004K BTC | 3.077M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 51.350K BTC | 1.881M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 33.685K BTC | 1.234M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 29.993K BTC | 1.098M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.754K BTC | 796.706K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -7.27% | -8.78% | $ 1.446B | 19.634K BTC | 719.083K ETH | |
| 11 |
Venus XVS | Binance | -1.71% | -4.80% | $ 1.124B | 15.267K BTC | 559.137K ETH | |
| 12 |
Raydium RAY | Solana | -0.67% | -4.93% | $ 979.402M | 13.298K BTC | 487.005K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.902K BTC | 399.280K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.722K BTC | 392.691K ETH | |
| 15 |
StakeWise SWISE | Ethereum | 0.08% | -4.02% | $ 736.697M | 10.002K BTC | 366.321K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.078K BTC | 332.462K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -0.60% | -5.59% | $ 557.270M | 7.566K BTC | 277.101K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.903K BTC | 252.828K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -0.19% | -4.87% | $ 500.923M | 6.801K BTC | 249.083K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.963K BTC | 218.373K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.454K BTC | 199.735K ETH | |
| 22 |
Lightning Network | Bitcoin | -2.39% | -5.99% | $ 356.854M | 4.845K BTC | 177.445K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -0.65% | -5.60% | $ 265.670M | 3.607K BTC | 132.104K ETH | |
| 24 |
Orca | Solana | 0.95% | -0.33% | $ 258.905M | 3.515K BTC | 128.740K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -0.19% | -2.53% | $ 170.932M | 2.321K BTC | 84.996K ETH | |
| 26 |
Liquity LQTY | Ethereum | 0.07% | -5.27% | $ 152.352M | 2.069K BTC | 75.757K ETH | |
| 27 |
Beefy Finance BIFI | Multi-Chain | 0.07% | 4.96% | $ 121.156M | 1.645K BTC | 60.244K ETH | |
| 28 |
StakeDAO SDT | Ethereum | -1.93% | -23.78% | $ 119.377M | 1.621K BTC | 59.360K ETH | |
| 29 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.590K BTC | 58.248K ETH | |
| 30 |
Compound COMP | Ethereum | 0.73% | -3.12% | $ 113.072M | 1.535K BTC | 56.225K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 0.02% | -4.91% | $ 92.977M | 1.262K BTC | 46.233K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -0.19% | -2.64% | $ 84.647M | 1.149K BTC | 42.091K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.018K BTC | 37.277K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 972 BTC | 35.592K ETH | |
| 35 |
Frax FXS | Ethereum | -0.53% | -2.29% | $ 66.385M | 901 BTC | 33.010K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 841 BTC | 30.812K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 817 BTC | 29.920K ETH | |
| 38 |
Kava KAVA | Kava | -0.18% | -3.77% | $ 51.884M | 704 BTC | 25.799K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 703 BTC | 25.737K ETH | |
| 40 |
Vesper VSP | Ethereum | -1.09% | 9.23% | $ 47.795M | 649 BTC | 23.766K ETH | |
| 41 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 609 BTC | 22.317K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -1.35% | -2.81% | $ 43.641M | 593 BTC | 21.700K ETH | |
| 43 |
MoneyOnChain MOC | RSK | -1.15% | -5.41% | $ 41.952M | 570 BTC | 20.861K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 546 BTC | 19.993K ETH | |
| 45 |
dYdX | Ethereum | 0.00% | -0.84% | $ 39.163M | 532 BTC | 19.474K ETH | |
| 46 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 521 BTC | 19.066K ETH | |
| 47 |
Alpaca Finance ALPACA | Binance | -0.88% | -1.96% | $ 31.241M | 424 BTC | 15.534K ETH | |
| 48 |
Connext | Multi-Chain | 0.12% | -32.27% | $ 28.530M | 387 BTC | 14.187K ETH | |
| 49 |
Ankr ANKR | Ethereum | -0.52% | -5.30% | $ 20.966M | 285 BTC | 10.425K ETH | |
| 50 |
Mercurial Finance MER | Solana | -2.04% | -4.46% | $ 20.667M | 281 BTC | 10.277K 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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