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 |
|---|---|---|---|---|---|---|---|---|
| 222 |
Ethernity Chain ERN | Multi-Chain | -8.22% | 86.46% | $ 29.930K | 0 BTC | 19 ETH | |
| 104 |
Ellipsis Finance EPS | Binance | 42.81% | 41.79% | $ 1.203M | 20 BTC | 771 ETH | |
| 59 |
Hard Protocol HARD | Kava | -2.03% | 39.63% | $ 10.033M | 167 BTC | 6.433K ETH | |
| 173 |
Liquid Driver LQDR | Fantom | -4.59% | 6.39% | $ 153.970K | 3 BTC | 99 ETH | |
| 224 |
Bao Finance BAO | Multi-Chain | -3.87% | 2.79% | $ 28.871K | 0 BTC | 19 ETH | |
| 98 |
DerivaDEX DDX | Ethereum | -0.05% | 1.76% | $ 1.614M | 27 BTC | 1.035K ETH | |
| 174 |
Mars Poolin MARS | Ethereum | 1.66% | 0.14% | $ 139.145K | 2 BTC | 89 ETH | |
| 236 |
Firebird HOPE | Polygon | -0.55% | 0.14% | $ 17.691K | 0 BTC | 11 ETH | |
| 150 |
Iron Finance IRON | Multi-Chain | 0.04% | 0.09% | $ 315.969K | 5 BTC | 203 ETH | |
| 268 |
S Finance SFG | Ethereum | 0.05% | 0.08% | $ 34 | 0 BTC | 0 ETH | |
| 58 |
ACryptoS ACS | Binance | 0.04% | 0.06% | $ 10.557M | 176 BTC | 6.768K ETH | |
| 151 |
Swerve SWRV | Ethereum | 0.02% | 0.04% | $ 305.320K | 5 BTC | 196 ETH | |
| 140 |
APY.Finance APY | Ethereum | 0.01% | 0.03% | $ 413.882K | 7 BTC | 265 ETH | |
| 240 |
Qilin QI | Ethereum | 0.01% | 0.01% | $ 13.993K | 0 BTC | 9 ETH | |
| 231 |
TrueFi TRU | Ethereum | -0.05% | -0.02% | $ 21.713K | 0 BTC | 14 ETH | |
| 170 |
Dopple Finance DOP | Binance | 0.08% | -0.05% | $ 163.279K | 3 BTC | 105 ETH | |
| 143 |
Volmex | Ethereum | -0.02% | -0.06% | $ 366.139K | 6 BTC | 235 ETH | |
| 133 |
Smoothy SMTY | Ethereum | -0.07% | -0.18% | $ 493.550K | 8 BTC | 316 ETH | |
| 216 |
CompliFi COMFI | Multi-Chain | -0.13% | -0.35% | $ 37.077K | 1 BTC | 24 ETH | |
| 112 |
dForce DF | Multi-Chain | -0.17% | -0.36% | $ 1.023M | 17 BTC | 656 ETH | |
| 196 |
DFX Finance DFX | Ethereum | -0.64% | -0.38% | $ 80.643K | 1 BTC | 52 ETH | |
| 128 |
Bearn BFI | Binance | -0.30% | -0.38% | $ 594.591K | 10 BTC | 381 ETH | |
| 82 |
Idle Finance IDLE | Ethereum | -1.11% | -0.54% | $ 3.613M | 60 BTC | 2.317K ETH | |
| 85 |
mStable MTA | Multi-Chain | -0.31% | -0.95% | $ 3.140M | 52 BTC | 2.013K ETH | |
| 156 |
Basis Cash BAC | Ethereum | -0.40% | -1.29% | $ 261.035K | 4 BTC | 167 ETH | |
| 199 |
SnowSwap SNOW | Ethereum | -0.60% | -1.39% | $ 77.061K | 1 BTC | 49 ETH | |
| 191 |
PolyQuity PQY | Polygon | -1.70% | -1.42% | $ 91.474K | 2 BTC | 59 ETH | |
| 108 |
Depth DEP | Heco | -0.83% | -1.50% | $ 1.150M | 19 BTC | 737 ETH | |
| 97 |
B.Protocol BPRO | Ethereum | -0.75% | -1.61% | $ 1.752M | 29 BTC | 1.123K ETH | |
| 78 |
PoolTogether POOL | Multi-Chain | -0.87% | -1.75% | $ 4.362M | 73 BTC | 2.797K ETH | |
| 43 |
dYdX | Ethereum | -0.74% | -1.79% | $ 38.440M | 640 BTC | 24.646K ETH | |
| 136 |
Perpetual Protocol PERP | xDai | -0.61% | -1.81% | $ 423.598K | 7 BTC | 272 ETH | |
| 185 |
CVI Finance GOVI | Ethereum | -0.75% | -1.83% | $ 114.199K | 2 BTC | 73 ETH | |
| 100 |
Nerve NRV | Binance | -0.61% | -2.09% | $ 1.462M | 24 BTC | 937 ETH | |
| 250 |
Erasure NMR | Ethereum | -2.04% | -2.12% | $ 4.726K | 0 BTC | 3 ETH | |
| 137 |
yAxis YAX | Ethereum | -0.45% | -2.22% | $ 415.930K | 7 BTC | 267 ETH | |
| 55 |
DODO DODO | Multi-Chain | 1.05% | -2.75% | $ 11.511M | 192 BTC | 7.380K ETH | |
| 220 |
Hyper Finance HYFI | Binance | -1.48% | -2.99% | $ 34.720K | 1 BTC | 22 ETH | |
| 193 |
FilDA FILDA | Heco | -5.49% | -3.47% | $ 86.304K | 1 BTC | 55 ETH | |
| 155 |
Jarvis Network JRT | Ethereum | -0.83% | -3.66% | $ 269.014K | 4 BTC | 172 ETH | |
| 125 |
PieDAO DOUGH | Ethereum | 8.47% | -3.75% | $ 697.971K | 12 BTC | 448 ETH | |
| 187 |
Levinswap LEVIN | xDai | -1.93% | -3.85% | $ 111.400K | 2 BTC | 71 ETH | |
| 234 |
KokomoSwap KOKOMO | Binance | -1.57% | -4.37% | $ 20.286K | 0 BTC | 13 ETH | |
| 229 |
Canary CNR | Avalanche | -1.93% | -4.65% | $ 24.317K | 0 BTC | 16 ETH | |
| 178 |
InsurAce INSUR | Ethereum | -2.12% | -4.71% | $ 130.845K | 2 BTC | 84 ETH | |
| 164 |
Wasabix WASABI | Ethereum | -1.36% | -5.16% | $ 195.647K | 3 BTC | 125 ETH | |
| 146 |
88mph MPH | Ethereum | -1.84% | -5.56% | $ 353.318K | 6 BTC | 227 ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.31% | -5.71% | $ 5.819B | 96.927K BTC | 3.731M ETH | |
| 251 |
SolFarm TULIP | Solana | -1.83% | -5.81% | $ 4.451K | 0 BTC | 3 ETH | |
| 144 |
YFII YFII | Ethereum | -2.54% | -5.86% | $ 364.523K | 6 BTC | 234 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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