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.
# | Nome | Chain | 1d Change | 7d Change | Audited | TVL | TVL in BTC | TVL in ETH |
---|---|---|---|---|---|---|---|---|
1 |
Lido LDO | Multi-Chain | -9.09% | -18.95% | $ 32.040B | 501.482K BTC | 9.762M ETH | |
2 |
WBTC WBTC | Ethereum | -6.25% | -11.59% | $ 9.888B | 154.760K BTC | 3.013M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 127.636K BTC | 2.485M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 111.204K BTC | 2.165M ETH | |
5 |
MakerDAO MKR | Ethereum | -10.25% | -19.98% | $ 6.781B | 106.132K BTC | 2.066M ETH | |
6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.196K BTC | 1.152M ETH | |
7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.832K BTC | 755.927K ETH | |
8 |
Pendle PENDLE | Ethereum | -5.58% | -10.29% | $ 2.218B | 34.716K BTC | 675.799K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.575K BTC | 673.066K ETH | |
10 |
Convex Finance CVX | Ethereum | -7.35% | -17.81% | $ 1.652B | 25.858K BTC | 503.376K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.078K BTC | 488.183K ETH | |
12 |
Venus XVS | Binance | -10.66% | -3.04% | $ 1.551B | 24.277K BTC | 472.599K ETH | |
13 |
Compound COMP | Ethereum | -9.66% | -21.94% | $ 947.676M | 14.833K BTC | 288.747K ETH | |
14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.568K BTC | 244.660K ETH | |
15 |
Liquity LQTY | Ethereum | -8.64% | -18.31% | $ 790.245M | 12.369K BTC | 240.779K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.361K BTC | 240.622K ETH | |
17 |
Synthetix SNX | Ethereum | -11.93% | -11.27% | $ 733.583M | 11.482K BTC | 223.515K ETH | |
18 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.465K BTC | 203.716K ETH | |
19 |
xDAI Stake STAKE | Multi-Chain | -12.71% | -23.87% | $ 642.277M | 10.053K BTC | 195.695K ETH | |
20 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.958K BTC | 154.921K ETH | |
21 |
Tornado Cash TORN | Ethereum | -7.71% | -15.53% | $ 481.369M | 7.534K BTC | 146.668K ETH | |
22 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.874K BTC | 133.809K ETH | |
23 |
Raydium RAY | Solana | -8.38% | 65.07% | $ 431.890M | 6.760K BTC | 131.592K ETH | |
24 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.287K BTC | 122.388K ETH | |
25 |
dYdX | Ethereum | -1.01% | 1.46% | $ 400.459M | 6.268K BTC | 122.016K ETH | |
26 |
StakeWise SWISE | Ethereum | -9.92% | -19.03% | $ 336.404M | 5.265K BTC | 102.499K ETH | |
27 |
Yearn Finance YFI | Ethereum | -7.37% | -15.08% | $ 327.825M | 5.131K BTC | 99.885K ETH | |
28 |
Lightning Network | Bitcoin | -6.94% | -9.42% | $ 293.088M | 4.587K BTC | 89.301K ETH | |
29 |
Nexus Mutual NXM | Ethereum | -9.42% | -18.61% | $ 282.340M | 4.419K BTC | 86.026K ETH | |
30 |
Orca | Solana | -9.91% | 13.12% | $ 249.401M | 3.904K BTC | 75.990K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | -4.92% | -5.15% | $ 238.944M | 3.740K BTC | 72.804K ETH | |
32 |
Flexa AMP | Ethereum | -18.37% | -43.46% | $ 235.905M | 3.692K BTC | 71.878K ETH | |
33 |
AnySwap ANY | Multi-Chain | -10.25% | -18.14% | $ 209.102M | 3.273K BTC | 63.711K ETH | |
34 |
Gambit Protocol GMT | Binance | -5.72% | -11.01% | $ 183.627M | 2.874K BTC | 55.949K ETH | |
35 |
Enzyme Finance MLN | Ethereum | -9.38% | -17.54% | $ 183.467M | 2.872K BTC | 55.901K ETH | |
36 |
Osmosis OSMO | Osmosis | -9.93% | -19.35% | $ 176.089M | 2.756K BTC | 53.653K ETH | |
37 |
Abracadabra SPELL | Ethereum | -5.51% | -17.37% | $ 136.704M | 2.140K BTC | 41.652K ETH | |
38 |
Loopring LRC | Ethereum | -15.02% | -16.97% | $ 133.611M | 2.091K BTC | 40.710K ETH | |
39 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.833K BTC | 35.691K ETH | |
40 |
Flamincome FLAG | Ethereum | -5.73% | -10.59% | $ 105.624M | 1.653K BTC | 32.183K ETH | |
41 |
Hard Protocol HARD | Kava | -8.74% | -13.24% | $ 101.384M | 1.587K BTC | 30.891K ETH | |
42 |
Ankr ANKR | Ethereum | -9.82% | -15.16% | $ 99.773M | 1.562K BTC | 30.400K ETH | |
43 |
Visor Finance VISR | Ethereum | -6.66% | -12.38% | $ 98.512M | 1.542K BTC | 30.015K ETH | |
44 |
Index Coop INDEX | Ethereum | -15.32% | -26.83% | $ 87.939M | 1.376K BTC | 26.794K ETH | |
45 |
Set Protocol | Ethereum | -9.22% | -48.04% | $ 78.630M | 1.231K BTC | 23.958K ETH | |
46 |
StakeDAO SDT | Ethereum | -10.42% | -19.71% | $ 76.695M | 1.200K BTC | 23.368K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.173K BTC | 22.842K ETH | |
48 |
Kava KAVA | Kava | -8.20% | -19.72% | $ 73.980M | 1.158K BTC | 22.541K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.120K BTC | 21.809K ETH | |
50 |
MoneyOnChain MOC | RSK | -5.21% | -10.72% | $ 66.840M | 1.046K BTC | 20.365K 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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