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 | -10.84% | -21.08% | $ 14.033B | 230.846K BTC | 8.818M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 134.147K BTC | 5.124M ETH | |
| 3 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 116.877K BTC | 4.465M ETH | |
| 4 |
WBTC WBTC | Ethereum | -6.21% | -17.67% | $ 6.876B | 113.121K BTC | 4.321M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.91% | -5.77% | $ 5.812B | 95.604K BTC | 3.652M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 62.216K BTC | 2.377M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 40.813K BTC | 1.559M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 36.339K BTC | 1.388M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 26.357K BTC | 1.007M ETH | |
| 10 |
Pendle PENDLE | Ethereum | -2.90% | -16.89% | $ 1.196B | 19.673K BTC | 751.459K ETH | |
| 11 |
Venus XVS | Binance | -2.92% | -11.06% | $ 1.004B | 16.521K BTC | 631.090K ETH | |
| 12 |
Raydium RAY | Solana | -4.93% | -16.26% | $ 807.196M | 13.279K BTC | 507.224K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 13.209K BTC | 504.574K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 12.991K BTC | 496.248K ETH | |
| 15 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.999K BTC | 420.135K ETH | |
| 16 |
StakeWise SWISE | Ethereum | -10.70% | -21.48% | $ 579.284M | 9.529K BTC | 364.009K ETH | |
| 17 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.364K BTC | 319.502K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -5.07% | -9.85% | $ 504.699M | 8.303K BTC | 317.142K ETH | |
| 19 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 7.224K BTC | 275.961K ETH | |
| 20 |
Tornado Cash TORN | Ethereum | -9.82% | -18.43% | $ 409.545M | 6.737K BTC | 257.349K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.608K BTC | 252.407K ETH | |
| 22 |
Lightning Network | Bitcoin | -4.78% | -17.19% | $ 294.727M | 4.848K BTC | 185.200K ETH | |
| 23 |
Orca | Solana | -3.23% | -11.79% | $ 228.388M | 3.757K BTC | 143.514K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -7.48% | -17.42% | $ 219.613M | 3.613K BTC | 138.000K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -15.52% | -7.07% | $ 158.269M | 2.604K BTC | 99.453K ETH | |
| 26 |
Liquity LQTY | Ethereum | -10.77% | -21.98% | $ 119.020M | 1.958K BTC | 74.790K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.927K BTC | 73.608K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | -4.51% | -8.98% | $ 110.512M | 1.818K BTC | 69.443K ETH | |
| 29 |
StakeDAO SDT | Ethereum | -4.77% | -13.31% | $ 102.440M | 1.685K BTC | 64.371K ETH | |
| 30 |
Compound COMP | Ethereum | -15.24% | -23.42% | $ 86.645M | 1.425K BTC | 54.446K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -8.81% | -18.49% | $ 75.869M | 1.248K BTC | 47.675K ETH | |
| 32 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.233K BTC | 47.108K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -6.55% | -14.00% | $ 73.137M | 1.203K BTC | 45.958K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.177K BTC | 44.978K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 1.019K BTC | 38.938K ETH | |
| 36 |
Frax FXS | Ethereum | -0.47% | -7.05% | $ 61.694M | 1.015K BTC | 38.767K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 990 BTC | 37.811K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 851 BTC | 32.524K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 738 BTC | 28.202K ETH | |
| 40 |
Vesper VSP | Ethereum | -4.75% | -13.99% | $ 41.096M | 676 BTC | 25.824K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 661 BTC | 25.265K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -5.62% | -10.35% | $ 38.778M | 638 BTC | 24.367K ETH | |
| 43 |
dYdX | Ethereum | -0.85% | -1.86% | $ 38.417M | 632 BTC | 24.140K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 631 BTC | 24.093K ETH | |
| 45 |
MoneyOnChain MOC | RSK | -5.53% | -18.93% | $ 33.697M | 554 BTC | 21.175K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | -3.65% | -6.73% | $ 28.888M | 475 BTC | 18.152K ETH | |
| 47 |
Connext | Multi-Chain | -10.64% | -23.38% | $ 21.722M | 357 BTC | 13.650K ETH | |
| 48 |
dHEDGE DHT | Ethereum | -2.68% | -7.33% | $ 19.041M | 313 BTC | 11.965K ETH | |
| 49 |
Mercurial Finance MER | Solana | -4.77% | -13.91% | $ 17.481M | 288 BTC | 10.984K ETH | |
| 50 |
Ankr ANKR | Ethereum | -10.06% | -20.29% | $ 16.677M | 274 BTC | 10.480K 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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