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 | 1.07% | -1.99% | $ 22.001B | 290.133K BTC | 6.003M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.85% | 2.80% | $ 8.932B | 117.782K BTC | 2.437M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 107.536K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 93.692K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.42% | -14.26% | $ 5.267B | 69.458K BTC | 1.437M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 49.874K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.717K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 29.131K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.129K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -7.01% | -17.78% | $ 1.452B | 19.151K BTC | 396.217K ETH | |
| 11 |
Venus XVS | Binance | 1.22% | 1.04% | $ 1.210B | 15.957K BTC | 330.148K ETH | |
| 12 |
Raydium RAY | Solana | -1.34% | -3.84% | $ 984.152M | 12.978K BTC | 268.509K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 0.69% | -6.26% | $ 912.480M | 12.033K BTC | 248.954K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.589K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.414K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.817K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 0.07% | -4.58% | $ 610.128M | 8.046K BTC | 166.463K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 0.61% | -2.66% | $ 567.263M | 7.481K BTC | 154.768K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.705K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.791K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.297K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.00% | 1.42% | $ 368.025M | 4.853K BTC | 100.409K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.33% | -0.34% | $ 286.197M | 3.774K BTC | 78.084K ETH | |
| 24 |
Orca | Solana | 0.44% | -0.60% | $ 255.651M | 3.371K BTC | 69.750K ETH | |
| 25 |
Connext | Multi-Chain | 0.19% | -3.72% | $ 218.200M | 2.877K BTC | 59.532K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -5.61% | -4.89% | $ 192.374M | 2.537K BTC | 52.486K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 0.82% | 1.52% | $ 180.905M | 2.386K BTC | 49.357K ETH | |
| 28 |
Liquity LQTY | Ethereum | 1.11% | -1.70% | $ 177.633M | 2.342K BTC | 48.464K ETH | |
| 29 |
Compound COMP | Ethereum | 0.99% | -1.03% | $ 143.814M | 1.896K BTC | 39.237K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | -0.58% | -6.88% | $ 133.870M | 1.765K BTC | 36.524K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.545K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | 0.63% | -2.03% | $ 109.420M | 1.443K BTC | 29.853K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 0.85% | 0.95% | $ 88.216M | 1.163K BTC | 24.068K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 989 BTC | 20.453K ETH | |
| 35 |
Frax FXS | Ethereum | 0.95% | 6.12% | $ 74.846M | 987 BTC | 20.420K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 944 BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 817 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 793 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | 1.77% | 3.85% | $ 55.419M | 731 BTC | 15.120K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 683 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 0.66% | 2.51% | $ 46.085M | 608 BTC | 12.574K ETH | |
| 42 |
Vesper VSP | Ethereum | 0.56% | 0.26% | $ 45.702M | 603 BTC | 12.469K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 592 BTC | 12.245K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 2.16% | 2.69% | $ 44.196M | 583 BTC | 12.058K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 530 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | 0.07% | -0.21% | $ 39.849M | 525 BTC | 10.872K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 506 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 1.60% | 2.85% | $ 31.269M | 412 BTC | 8.531K ETH | |
| 49 |
Ankr ANKR | Ethereum | 1.85% | -0.72% | $ 24.704M | 326 BTC | 6.740K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 0.33% | -1.81% | $ 21.587M | 285 BTC | 5.890K 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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