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 | 2.64% | 5.67% | $ 31.161B | 489.720K BTC | 9.405M ETH | |
2 |
WBTC WBTC | Ethereum | 0.77% | -1.54% | $ 9.911B | 155.759K BTC | 2.991M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 128.157K BTC | 2.461M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 111.658K BTC | 2.144M ETH | |
5 |
MakerDAO MKR | Ethereum | 1.60% | 6.81% | $ 6.235B | 97.987K BTC | 1.882M ETH | |
6 |
Pendle PENDLE | Ethereum | 4.39% | -8.48% | $ 4.462B | 70.130K BTC | 1.347M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 59.438K BTC | 1.142M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 38.991K BTC | 748.812K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 34.717K BTC | 666.731K ETH | |
10 |
Venus XVS | Binance | 3.53% | -0.56% | $ 1.636B | 25.713K BTC | 493.812K ETH | |
11 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 25.180K BTC | 483.588K ETH | |
12 |
Convex Finance CVX | Ethereum | -0.03% | 33.01% | $ 1.589B | 24.968K BTC | 479.514K ETH | |
13 |
Connext | Multi-Chain | 4.05% | 17.05% | $ 977.232M | 15.358K BTC | 294.950K ETH | |
14 |
Compound COMP | Ethereum | 1.27% | -1.36% | $ 907.736M | 14.266K BTC | 273.974K ETH | |
15 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.620K BTC | 242.357K ETH | |
16 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.411K BTC | 238.357K ETH | |
17 |
Liquity LQTY | Ethereum | 2.60% | 5.31% | $ 733.019M | 11.520K BTC | 221.241K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | 2.33% | 0.36% | $ 700.674M | 11.012K BTC | 211.479K ETH | |
19 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.508K BTC | 201.799K ETH | |
20 |
Synthetix SNX | Ethereum | 3.41% | 0.67% | $ 647.807M | 10.181K BTC | 195.522K ETH | |
21 |
Raydium RAY | Solana | 3.01% | -0.02% | $ 631.208M | 9.920K BTC | 190.512K ETH | |
22 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.991K BTC | 153.463K ETH | |
23 |
Tornado Cash TORN | Ethereum | 2.99% | 5.85% | $ 491.504M | 7.724K BTC | 148.347K ETH | |
24 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.902K BTC | 132.549K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.313K BTC | 121.236K ETH | |
26 |
StakeWise SWISE | Ethereum | 2.66% | 4.23% | $ 349.762M | 5.497K BTC | 105.566K ETH | |
27 |
dYdX | Ethereum | -0.94% | -2.66% | $ 324.615M | 5.102K BTC | 97.976K ETH | |
28 |
Yearn Finance YFI | Ethereum | 1.72% | 3.87% | $ 301.104M | 4.732K BTC | 90.880K ETH | |
29 |
Lightning Network | Bitcoin | 1.17% | -0.11% | $ 300.260M | 4.719K BTC | 90.625K ETH | |
30 |
Nexus Mutual NXM | Ethereum | 2.58% | 5.51% | $ 277.676M | 4.364K BTC | 83.809K ETH | |
31 |
Beefy Finance BIFI | Multi-Chain | 1.94% | 2.39% | $ 255.875M | 4.021K BTC | 77.229K ETH | |
32 |
Orca | Solana | 4.97% | -2.51% | $ 222.526M | 3.497K BTC | 67.163K ETH | |
33 |
Flexa AMP | Ethereum | 0.34% | -5.34% | $ 212.358M | 3.337K BTC | 64.094K ETH | |
34 |
AnySwap ANY | Multi-Chain | 1.21% | -3.59% | $ 188.988M | 2.970K BTC | 57.041K ETH | |
35 |
Gambit Protocol GMT | Binance | 1.09% | -1.45% | $ 168.580M | 2.649K BTC | 50.881K ETH | |
36 |
Enzyme Finance MLN | Ethereum | 2.44% | 3.92% | $ 164.129M | 2.579K BTC | 49.538K ETH | |
37 |
Osmosis OSMO | Osmosis | 1.38% | -2.96% | $ 145.653M | 2.289K BTC | 43.961K ETH | |
38 |
Tranchess CHESS | Binance | 12.11% | 85.78% | $ 139.583M | 2.194K BTC | 42.129K ETH | |
39 |
Abracadabra SPELL | Ethereum | 1.79% | 3.27% | $ 121.762M | 1.914K BTC | 36.751K ETH | |
40 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.841K BTC | 35.356K ETH | |
41 |
Loopring LRC | Ethereum | 1.59% | 1.05% | $ 109.937M | 1.728K BTC | 33.181K ETH | |
42 |
Flamincome FLAG | Ethereum | 1.22% | 0.47% | $ 106.693M | 1.677K BTC | 32.202K ETH | |
43 |
Set Protocol | Ethereum | 2.92% | 4.46% | $ 99.288M | 1.560K BTC | 29.967K ETH | |
44 |
Visor Finance VISR | Ethereum | 2.25% | 4.27% | $ 89.267M | 1.403K BTC | 26.943K ETH | |
45 |
Hard Protocol HARD | Kava | 0.65% | -1.61% | $ 87.488M | 1.375K BTC | 26.406K ETH | |
46 |
Index Coop INDEX | Ethereum | 3.65% | 6.17% | $ 86.098M | 1.353K BTC | 25.986K ETH | |
47 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.178K BTC | 22.627K ETH | |
48 |
MoneyOnChain MOC | RSK | 0.29% | 9.96% | $ 73.977M | 1.163K BTC | 22.328K ETH | |
49 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.125K BTC | 21.604K ETH | |
50 |
Ankr ANKR | Ethereum | -2.45% | 0.48% | $ 67.154M | 1.055K BTC | 20.269K 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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