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 | 1.71% | -2.67% | $ 23.712B | 285.743K BTC | 9.688M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.11% | -0.24% | $ 9.664B | 116.458K BTC | 3.948M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 98.270K BTC | 3.332M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 85.619K BTC | 2.903M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.05% | -2.81% | $ 5.698B | 68.671K BTC | 2.328M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 45.577K BTC | 1.545M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 29.898K BTC | 1.014M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 26.620K BTC | 902.518K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 19.308K BTC | 654.608K ETH | |
| 10 |
Venus XVS | Binance | 1.34% | 0.43% | $ 1.280B | 15.420K BTC | 522.782K ETH | |
| 11 |
Raydium RAY | Solana | 2.76% | -1.05% | $ 1.202B | 14.483K BTC | 491.008K ETH | |
| 12 |
Pendle PENDLE | Ethereum | 0.55% | -9.67% | $ 1.114B | 13.421K BTC | 455.013K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 2.19% | -1.09% | $ 939.550M | 11.322K BTC | 383.863K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.677K BTC | 328.066K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.517K BTC | 322.652K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 11.62% | 5.51% | $ 761.430M | 9.176K BTC | 311.090K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.057K BTC | 273.165K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 2.05% | 2.78% | $ 594.733M | 7.167K BTC | 242.984K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.127K BTC | 207.735K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.292K BTC | 179.425K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.841K BTC | 164.110K ETH | |
| 22 |
Orca | Solana | 1.11% | 0.08% | $ 302.809M | 3.649K BTC | 123.716K ETH | |
| 23 |
Lightning Network | Bitcoin | 1.19% | -2.86% | $ 292.043M | 3.519K BTC | 119.317K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 0.78% | -1.66% | $ 264.065M | 3.182K BTC | 107.886K ETH | |
| 25 |
Liquity LQTY | Ethereum | 2.17% | -2.60% | $ 175.541M | 2.115K BTC | 71.719K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | 0.89% | -22.26% | $ 155.483M | 1.874K BTC | 63.524K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 1.82% | 3.45% | $ 151.166M | 1.822K BTC | 61.761K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.412K BTC | 47.859K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.32% | -1.58% | $ 110.202M | 1.328K BTC | 45.024K ETH | |
| 30 |
Compound COMP | Ethereum | 1.46% | -1.51% | $ 106.814M | 1.287K BTC | 43.640K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 1.61% | -7.36% | $ 99.554M | 1.200K BTC | 40.674K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.85% | 0.00% | $ 97.194M | 1.171K BTC | 39.710K ETH | |
| 33 |
Vesper VSP | Ethereum | 1.45% | -1.42% | $ 88.645M | 1.068K BTC | 36.217K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 903 BTC | 30.629K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 863 BTC | 29.244K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 747 BTC | 25.317K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 725 BTC | 24.584K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 624 BTC | 21.146K ETH | |
| 39 |
Mercurial Finance MER | Solana | 0.71% | -0.64% | $ 46.252M | 557 BTC | 18.897K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 541 BTC | 18.337K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 1.15% | -1.25% | $ 43.438M | 523 BTC | 17.747K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 485 BTC | 16.427K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 462 BTC | 15.665K ETH | |
| 44 |
Frax FXS | Ethereum | -0.18% | -5.98% | $ 36.096M | 435 BTC | 14.747K ETH | |
| 45 |
Alpaca Finance ALPACA | Binance | 1.17% | -1.13% | $ 35.044M | 422 BTC | 14.318K ETH | |
| 46 |
dYdX | Ethereum | -0.65% | -18.88% | $ 30.743M | 370 BTC | 12.560K ETH | |
| 47 |
Connext | Multi-Chain | 2.18% | -2.25% | $ 29.196M | 352 BTC | 11.928K ETH | |
| 48 |
Ankr ANKR | Ethereum | 2.22% | -3.78% | $ 27.582M | 332 BTC | 11.269K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 1.39% | 1.18% | $ 25.429M | 306 BTC | 10.389K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 1.09% | 0.28% | $ 22.416M | 270 BTC | 9.158K 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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