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 | -10.83% | -21.92% | $ 14.029B | 231.498K BTC | 8.833M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 134.559K BTC | 5.134M ETH | |
| 3 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 117.236K BTC | 4.473M ETH | |
| 4 |
WBTC WBTC | Ethereum | -6.21% | -18.36% | $ 6.876B | 113.468K BTC | 4.330M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.74% | -5.55% | $ 5.826B | 96.128K BTC | 3.668M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 62.407K BTC | 2.381M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 40.938K BTC | 1.562M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 36.451K BTC | 1.391M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 26.438K BTC | 1.009M ETH | |
| 10 |
Pendle PENDLE | Ethereum | -3.25% | -17.78% | $ 1.186B | 19.570K BTC | 746.729K ETH | |
| 11 |
Venus XVS | Binance | -3.44% | -11.89% | $ 1.000B | 16.505K BTC | 629.784K ETH | |
| 12 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 13.250K BTC | 505.569K ETH | |
| 13 |
Raydium RAY | Solana | -5.70% | -16.94% | $ 800.607M | 13.211K BTC | 504.075K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 13.031K BTC | 497.226K ETH | |
| 15 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 11.033K BTC | 420.963K ETH | |
| 16 |
StakeWise SWISE | Ethereum | -10.64% | -21.50% | $ 579.094M | 9.556K BTC | 364.607K ETH | |
| 17 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.390K BTC | 320.132K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -4.05% | -9.85% | $ 504.699M | 8.328K BTC | 317.767K ETH | |
| 19 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 7.247K BTC | 276.505K ETH | |
| 20 |
Tornado Cash TORN | Ethereum | -9.96% | -19.24% | $ 408.899M | 6.747K BTC | 257.449K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.628K BTC | 252.904K ETH | |
| 22 |
Lightning Network | Bitcoin | -4.78% | -17.19% | $ 294.727M | 4.863K BTC | 185.565K ETH | |
| 23 |
Orca | Solana | -3.23% | -11.79% | $ 228.388M | 3.769K BTC | 143.797K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -5.96% | -16.39% | $ 223.112M | 3.682K BTC | 140.475K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -10.57% | -7.43% | $ 158.242M | 2.611K BTC | 99.632K ETH | |
| 26 |
Liquity LQTY | Ethereum | -10.79% | -22.66% | $ 118.985M | 1.963K BTC | 74.915K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.933K BTC | 73.754K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | -6.89% | -11.60% | $ 107.654M | 1.776K BTC | 67.781K ETH | |
| 29 |
StakeDAO SDT | Ethereum | -5.37% | -14.73% | $ 101.605M | 1.677K BTC | 63.972K ETH | |
| 30 |
Compound COMP | Ethereum | -15.04% | -23.94% | $ 86.852M | 1.433K BTC | 54.684K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -8.96% | -19.25% | $ 75.804M | 1.251K BTC | 47.727K ETH | |
| 32 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.237K BTC | 47.200K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -6.37% | -14.05% | $ 73.090M | 1.206K BTC | 46.018K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.181K BTC | 45.066K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 1.022K BTC | 39.015K ETH | |
| 36 |
Frax FXS | Ethereum | -0.47% | -7.08% | $ 61.693M | 1.018K BTC | 38.843K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 993 BTC | 37.885K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 854 BTC | 32.588K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 741 BTC | 28.258K ETH | |
| 40 |
Vesper VSP | Ethereum | -4.54% | -14.06% | $ 41.187M | 680 BTC | 25.932K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 663 BTC | 25.315K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -5.46% | -11.38% | $ 38.818M | 641 BTC | 24.440K ETH | |
| 43 |
dYdX | Ethereum | -0.82% | -1.89% | $ 38.428M | 634 BTC | 24.195K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 633 BTC | 24.141K ETH | |
| 45 |
MoneyOnChain MOC | RSK | -4.65% | -19.19% | $ 34.012M | 561 BTC | 21.415K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | -3.52% | -7.14% | $ 28.888M | 477 BTC | 18.188K ETH | |
| 47 |
Connext | Multi-Chain | -10.75% | -24.52% | $ 21.722M | 358 BTC | 13.677K ETH | |
| 48 |
dHEDGE DHT | Ethereum | -1.68% | -6.50% | $ 19.211M | 317 BTC | 12.096K ETH | |
| 49 |
Mercurial Finance MER | Solana | -4.81% | -14.98% | $ 17.473M | 288 BTC | 11.001K ETH | |
| 50 |
Ankr ANKR | Ethereum | -10.00% | -21.22% | $ 16.670M | 275 BTC | 10.496K 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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