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 | -0.87% | 0.94% | $ 23.939B | 305.090K BTC | 9.641M ETH | |
| 2 |
WBTC WBTC | Ethereum | -2.48% | 2.24% | $ 9.084B | 115.776K BTC | 3.659M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 103.926K BTC | 3.284M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 90.547K BTC | 2.861M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.34% | 0.11% | $ 5.479B | 69.830K BTC | 2.207M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 48.200K BTC | 1.523M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 31.619K BTC | 999.148K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 28.153K BTC | 889.626K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.420K BTC | 645.257K ETH | |
| 10 |
Venus XVS | Binance | -3.06% | 8.88% | $ 1.287B | 16.407K BTC | 518.474K ETH | |
| 11 |
Pendle PENDLE | Ethereum | 0.92% | 3.16% | $ 1.239B | 15.795K BTC | 499.125K ETH | |
| 12 |
Raydium RAY | Solana | 1.04% | 2.63% | $ 1.134B | 14.455K BTC | 456.768K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -2.15% | -0.05% | $ 910.940M | 11.609K BTC | 366.858K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.234K BTC | 323.379K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.065K BTC | 318.043K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | -2.37% | 2.04% | $ 741.747M | 9.453K BTC | 298.719K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.521K BTC | 269.263K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -1.00% | 2.79% | $ 592.219M | 7.547K BTC | 238.501K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.480K BTC | 204.767K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.597K BTC | 176.862K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.119K BTC | 161.766K ETH | |
| 22 |
Lightning Network | Bitcoin | -3.07% | -3.30% | $ 288.297M | 3.674K BTC | 116.104K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -1.30% | -0.02% | $ 272.798M | 3.477K BTC | 109.862K ETH | |
| 24 |
Orca | Solana | 1.00% | 0.35% | $ 261.270M | 3.330K BTC | 105.220K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.29% | 2.55% | $ 189.041M | 2.409K BTC | 76.131K ETH | |
| 26 |
Liquity LQTY | Ethereum | -2.21% | -0.57% | $ 178.654M | 2.277K BTC | 71.948K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -1.87% | -1.17% | $ 144.495M | 1.842K BTC | 58.191K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.493K BTC | 47.175K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.35% | 4.24% | $ 115.368M | 1.470K BTC | 46.462K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | -1.25% | 0.13% | $ 107.566M | 1.371K BTC | 43.320K ETH | |
| 31 |
Compound COMP | Ethereum | -1.57% | 0.15% | $ 104.639M | 1.334K BTC | 42.141K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -1.80% | 0.27% | $ 90.780M | 1.157K BTC | 36.559K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 955 BTC | 30.191K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 912 BTC | 28.826K ETH | |
| 35 |
Vesper VSP | Ethereum | 15.48% | 2.85% | $ 70.682M | 901 BTC | 28.465K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 790 BTC | 24.955K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 767 BTC | 24.233K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 660 BTC | 20.844K ETH | |
| 39 |
Mercurial Finance MER | Solana | -0.30% | 1.28% | $ 45.877M | 585 BTC | 18.476K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 572 BTC | 18.075K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 0.00% | -0.40% | $ 42.054M | 536 BTC | 16.936K ETH | |
| 42 |
Frax FXS | Ethereum | -6.56% | -0.22% | $ 41.855M | 533 BTC | 16.856K ETH | |
| 43 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 512 BTC | 16.193K ETH | |
| 44 |
dYdX | Ethereum | -0.23% | 0.00% | $ 38.736M | 494 BTC | 15.600K ETH | |
| 45 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 489 BTC | 15.441K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | -1.46% | 6.05% | $ 35.292M | 450 BTC | 14.213K ETH | |
| 47 |
Connext | Multi-Chain | -1.95% | -0.11% | $ 29.963M | 382 BTC | 12.067K ETH | |
| 48 |
Ankr ANKR | Ethereum | -0.70% | 3.25% | $ 27.865M | 355 BTC | 11.222K ETH | |
| 49 |
dHEDGE DHT | Ethereum | -1.85% | 4.20% | $ 25.068M | 319 BTC | 10.096K ETH | |
| 50 |
MoneyOnChain MOC | RSK | -3.49% | -0.70% | $ 21.424M | 273 BTC | 8.628K 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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