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 | 3.11% | 7.57% | $ 17.754B | 267.450K BTC | 9.197M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 122.846K BTC | 4.224M ETH | |
| 3 |
WBTC WBTC | Ethereum | 3.02% | 5.53% | $ 7.555B | 113.817K BTC | 3.914M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 107.031K BTC | 3.680M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 3.85% | 3.56% | $ 6.070B | 91.443K BTC | 3.144M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 56.975K BTC | 1.959M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 37.375K BTC | 1.285M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.278K BTC | 1.144M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.137K BTC | 830.000K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 2.85% | 8.63% | $ 1.148B | 17.289K BTC | 594.505K ETH | |
| 11 |
Venus XVS | Binance | 1.85% | 2.85% | $ 1.054B | 15.879K BTC | 546.039K ETH | |
| 12 |
Raydium RAY | Solana | 2.71% | 3.17% | $ 866.400M | 13.052K BTC | 448.819K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.097K BTC | 415.966K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.897K BTC | 409.101K ETH | |
| 15 |
StakeWise SWISE | Ethereum | 3.26% | 7.58% | $ 733.919M | 11.056K BTC | 380.190K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.072K BTC | 346.355K ETH | |
| 17 |
Tornado Cash TORN | Ethereum | 3.33% | 5.87% | $ 540.025M | 8.135K BTC | 279.748K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.660K BTC | 263.394K ETH | |
| 19 |
Convex Finance CVX | Ethereum | 0.94% | 1.55% | $ 499.501M | 7.525K BTC | 258.755K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.616K BTC | 227.499K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.051K BTC | 208.081K ETH | |
| 22 |
Lightning Network | Bitcoin | 2.97% | 5.40% | $ 296.603M | 4.468K BTC | 153.649K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 1.00% | 3.63% | $ 263.744M | 3.973K BTC | 136.627K ETH | |
| 24 |
Orca | Solana | 0.43% | -0.40% | $ 237.731M | 3.581K BTC | 123.151K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.96% | 0.37% | $ 147.553M | 2.223K BTC | 76.436K ETH | |
| 26 |
Liquity LQTY | Ethereum | 2.76% | 7.26% | $ 141.671M | 2.134K BTC | 73.390K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.765K BTC | 60.682K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 1.67% | 9.54% | $ 114.782M | 1.729K BTC | 59.460K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -0.51% | 0.07% | $ 110.888M | 1.670K BTC | 57.443K ETH | |
| 30 |
Compound COMP | Ethereum | 2.55% | 4.78% | $ 94.230M | 1.420K BTC | 48.814K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 1.81% | 5.73% | $ 88.670M | 1.336K BTC | 45.934K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 2.47% | 5.34% | $ 85.523M | 1.288K BTC | 44.303K ETH | |
| 33 |
Vesper VSP | Ethereum | 4.56% | 23.67% | $ 75.176M | 1.132K BTC | 38.943K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.129K BTC | 38.835K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.078K BTC | 37.079K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 933 BTC | 32.100K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 906 BTC | 31.171K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 780 BTC | 26.812K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 676 BTC | 23.250K ETH | |
| 40 |
Frax FXS | Ethereum | 0.92% | 3.67% | $ 43.377M | 653 BTC | 22.471K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 606 BTC | 20.829K ETH | |
| 42 |
Mercurial Finance MER | Solana | 2.47% | 2.51% | $ 39.385M | 593 BTC | 20.402K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 578 BTC | 19.862K ETH | |
| 44 |
dYdX | Ethereum | 0.30% | 0.62% | $ 37.933M | 571 BTC | 19.651K ETH | |
| 45 |
AnySwap ANY | Multi-Chain | 1.42% | -0.10% | $ 37.829M | 570 BTC | 19.597K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 1.65% | 0.68% | $ 29.102M | 438 BTC | 15.076K ETH | |
| 47 |
Connext | Multi-Chain | 3.67% | 5.85% | $ 23.987M | 361 BTC | 12.426K ETH | |
| 48 |
dHEDGE DHT | Ethereum | 0.96% | 6.70% | $ 21.132M | 318 BTC | 10.947K ETH | |
| 49 |
Ankr ANKR | Ethereum | 2.78% | 6.22% | $ 20.570M | 310 BTC | 10.656K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 3.25% | 6.44% | $ 19.298M | 291 BTC | 9.997K 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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