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 | -0.23% | -2.85% | $ 21.717B | 286.256K BTC | 5.925M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.23% | 2.29% | $ 8.877B | 117.009K BTC | 2.422M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 107.488K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 93.650K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.86% | -14.50% | $ 5.244B | 69.118K BTC | 1.431M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 49.852K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.702K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 29.118K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.119K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -6.89% | -16.50% | $ 1.454B | 19.166K BTC | 396.717K ETH | |
| 11 |
Venus XVS | Binance | 0.79% | 0.54% | $ 1.205B | 15.883K BTC | 328.749K ETH | |
| 12 |
Raydium RAY | Solana | -1.34% | -3.84% | $ 984.152M | 12.972K BTC | 268.509K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -0.09% | -6.89% | $ 905.390M | 11.934K BTC | 247.020K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.584K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.410K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.813K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -0.16% | -4.78% | $ 608.719M | 8.024K BTC | 166.078K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 0.45% | -2.70% | $ 566.337M | 7.465K BTC | 154.515K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.702K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.789K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.295K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.37% | 2.04% | $ 369.386M | 4.869K BTC | 100.781K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.20% | 0.10% | $ 285.826M | 3.768K BTC | 77.983K ETH | |
| 24 |
Orca | Solana | 0.07% | -0.96% | $ 254.710M | 3.357K BTC | 69.493K ETH | |
| 25 |
Connext | Multi-Chain | 0.24% | -3.56% | $ 218.315M | 2.878K BTC | 59.563K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -5.82% | -5.05% | $ 191.965M | 2.530K BTC | 52.374K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 0.57% | 1.25% | $ 180.460M | 2.379K BTC | 49.235K ETH | |
| 28 |
Liquity LQTY | Ethereum | 0.31% | -2.49% | $ 176.217M | 2.323K BTC | 48.078K ETH | |
| 29 |
Compound COMP | Ethereum | 0.75% | -1.15% | $ 143.470M | 1.891K BTC | 39.143K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | -0.92% | -7.16% | $ 133.411M | 1.759K BTC | 36.399K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.544K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -0.02% | -2.56% | $ 108.708M | 1.433K BTC | 29.659K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 0.37% | 0.54% | $ 87.791M | 1.157K BTC | 23.952K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 988 BTC | 20.453K ETH | |
| 35 |
Frax FXS | Ethereum | 0.91% | 6.08% | $ 74.818M | 986 BTC | 20.413K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 943 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 | 1.75% | 3.86% | $ 55.406M | 730 BTC | 15.117K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 682 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 0.32% | 2.26% | $ 45.930M | 605 BTC | 12.531K ETH | |
| 42 |
Vesper VSP | Ethereum | 0.24% | -0.03% | $ 45.559M | 601 BTC | 12.430K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 592 BTC | 12.245K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 1.73% | 2.37% | $ 44.009M | 580 BTC | 12.007K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 530 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | -0.01% | -0.28% | $ 39.817M | 525 BTC | 10.863K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 505 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.49% | 1.88% | $ 30.928M | 408 BTC | 8.438K ETH | |
| 49 |
Ankr ANKR | Ethereum | 1.15% | -1.30% | $ 24.536M | 323 BTC | 6.694K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 0.08% | -2.05% | $ 21.534M | 284 BTC | 5.875K 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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