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 | -2.41% | 1.46% | $ 23.836B | 299.370K BTC | 9.716M ETH | |
| 2 |
WBTC WBTC | Ethereum | -1.60% | 4.79% | $ 9.285B | 116.619K BTC | 3.785M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 102.420K BTC | 3.324M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 89.234K BTC | 2.896M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.11% | -0.60% | $ 5.521B | 69.348K BTC | 2.251M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 47.501K BTC | 1.542M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 31.160K BTC | 1.011M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 27.745K BTC | 900.477K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.123K BTC | 653.127K ETH | |
| 10 |
Venus XVS | Binance | 0.92% | 5.16% | $ 1.307B | 16.420K BTC | 532.915K ETH | |
| 11 |
Pendle PENDLE | Ethereum | 0.25% | 4.33% | $ 1.225B | 15.388K BTC | 499.440K ETH | |
| 12 |
Raydium RAY | Solana | -1.36% | -1.46% | $ 1.103B | 13.859K BTC | 449.794K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -2.52% | 1.71% | $ 913.476M | 11.473K BTC | 372.365K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.085K BTC | 327.323K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.919K BTC | 321.922K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | -0.64% | 3.84% | $ 749.664M | 9.416K BTC | 305.590K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.397K BTC | 272.547K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -1.28% | 5.88% | $ 583.031M | 7.323K BTC | 237.664K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.386K BTC | 207.265K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.516K BTC | 179.019K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.045K BTC | 163.739K ETH | |
| 22 |
Lightning Network | Bitcoin | -1.61% | 1.06% | $ 299.361M | 3.760K BTC | 122.030K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -1.64% | 1.25% | $ 273.732M | 3.438K BTC | 111.583K ETH | |
| 24 |
Orca | Solana | 3.47% | -0.86% | $ 257.731M | 3.237K BTC | 105.061K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -0.27% | 1.74% | $ 186.810M | 2.346K BTC | 76.150K ETH | |
| 26 |
Liquity LQTY | Ethereum | -2.95% | 0.16% | $ 179.354M | 2.253K BTC | 73.111K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -2.05% | 2.40% | $ 142.608M | 1.791K BTC | 58.132K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.471K BTC | 47.751K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -0.16% | 1.71% | $ 113.461M | 1.425K BTC | 46.251K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | -2.03% | 0.43% | $ 107.612M | 1.352K BTC | 43.866K ETH | |
| 31 |
Compound COMP | Ethereum | -2.08% | 1.03% | $ 105.034M | 1.319K BTC | 42.816K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -1.93% | 1.16% | $ 91.357M | 1.147K BTC | 37.240K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 942 BTC | 30.559K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 899 BTC | 29.178K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 778 BTC | 25.259K ETH | |
| 36 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 756 BTC | 24.528K ETH | |
| 37 |
Vesper VSP | Ethereum | -2.99% | -18.71% | $ 59.193M | 743 BTC | 24.129K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 650 BTC | 21.098K ETH | |
| 39 |
Mercurial Finance MER | Solana | -0.50% | -1.03% | $ 45.740M | 574 BTC | 18.645K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 564 BTC | 18.295K ETH | |
| 41 |
Frax FXS | Ethereum | 3.15% | -3.00% | $ 44.573M | 560 BTC | 18.170K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 0.00% | -0.38% | $ 42.054M | 528 BTC | 17.143K ETH | |
| 43 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 505 BTC | 16.390K ETH | |
| 44 |
dYdX | Ethereum | -0.26% | 0.08% | $ 38.756M | 487 BTC | 15.798K ETH | |
| 45 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 482 BTC | 15.630K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 2.95% | 4.65% | $ 35.320M | 444 BTC | 14.398K ETH | |
| 47 |
Connext | Multi-Chain | -2.45% | 0.32% | $ 30.045M | 377 BTC | 12.247K ETH | |
| 48 |
Ankr ANKR | Ethereum | -0.96% | 7.89% | $ 27.722M | 348 BTC | 11.300K ETH | |
| 49 |
dHEDGE DHT | Ethereum | -1.26% | 5.85% | $ 25.419M | 319 BTC | 10.362K ETH | |
| 50 |
MoneyOnChain MOC | RSK | -1.63% | 2.73% | $ 22.122M | 278 BTC | 9.018K 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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