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 |
|---|---|---|---|---|---|---|---|---|
| 223 |
Ethernity Chain ERN | Multi-Chain | -11.19% | 80.44% | $ 28.963K | 0 BTC | 18 ETH | |
| 104 |
Ellipsis Finance EPS | Binance | 42.95% | 41.92% | $ 1.203M | 20 BTC | 747 ETH | |
| 59 |
Hard Protocol HARD | Kava | -3.24% | 38.93% | $ 9.986M | 162 BTC | 6.198K ETH | |
| 188 |
imToken imBTC | Ethereum | -3.06% | 11.27% | $ 103.569K | 2 BTC | 64 ETH | |
| 173 |
Liquid Driver LQDR | Fantom | -4.97% | 3.48% | $ 153.353K | 2 BTC | 95 ETH | |
| 224 |
Bao Finance BAO | Multi-Chain | -3.87% | 2.74% | $ 28.871K | 0 BTC | 18 ETH | |
| 98 |
DerivaDEX DDX | Ethereum | -0.07% | 1.75% | $ 1.614M | 26 BTC | 1.002K ETH | |
| 143 |
Volmex | Ethereum | 0.10% | 0.10% | $ 366.638K | 6 BTC | 228 ETH | |
| 58 |
ACryptoS ACS | Binance | 0.08% | 0.08% | $ 10.559M | 171 BTC | 6.554K ETH | |
| 150 |
Iron Finance IRON | Multi-Chain | 0.04% | 0.08% | $ 315.953K | 5 BTC | 196 ETH | |
| 151 |
Swerve SWRV | Ethereum | 0.00% | 0.05% | $ 305.359K | 5 BTC | 190 ETH | |
| 138 |
APY.Finance APY | Ethereum | 0.04% | 0.05% | $ 413.973K | 7 BTC | 257 ETH | |
| 268 |
S Finance SFG | Ethereum | 0.03% | 0.04% | $ 34 | 0 BTC | 0 ETH | |
| 231 |
TrueFi TRU | Ethereum | -0.05% | 0.03% | $ 21.713K | 0 BTC | 13 ETH | |
| 240 |
Qilin QI | Ethereum | 0.00% | 0.01% | $ 13.993K | 0 BTC | 9 ETH | |
| 170 |
Dopple Finance DOP | Binance | 0.12% | -0.01% | $ 163.335K | 3 BTC | 101 ETH | |
| 128 |
Bearn BFI | Binance | -0.18% | -0.12% | $ 595.074K | 10 BTC | 369 ETH | |
| 132 |
Smoothy SMTY | Ethereum | -0.04% | -0.16% | $ 493.629K | 8 BTC | 306 ETH | |
| 110 |
dForce DF | Multi-Chain | -0.14% | -0.34% | $ 1.024M | 17 BTC | 635 ETH | |
| 216 |
CompliFi COMFI | Multi-Chain | -0.13% | -0.35% | $ 37.077K | 1 BTC | 23 ETH | |
| 195 |
DFX Finance DFX | Ethereum | -0.64% | -0.38% | $ 80.643K | 1 BTC | 50 ETH | |
| 82 |
Idle Finance IDLE | Ethereum | -1.48% | -0.65% | $ 3.606M | 58 BTC | 2.238K ETH | |
| 236 |
Firebird HOPE | Polygon | -1.42% | -0.75% | $ 17.535K | 0 BTC | 11 ETH | |
| 85 |
mStable MTA | Multi-Chain | -0.36% | -0.97% | $ 3.139M | 51 BTC | 1.948K ETH | |
| 156 |
Basis Cash BAC | Ethereum | -0.47% | -1.33% | $ 260.917K | 4 BTC | 162 ETH | |
| 198 |
SnowSwap SNOW | Ethereum | -0.60% | -1.39% | $ 77.061K | 1 BTC | 48 ETH | |
| 174 |
Mars Poolin MARS | Ethereum | 0.05% | -1.44% | $ 136.942K | 2 BTC | 85 ETH | |
| 106 |
Depth DEP | Heco | -0.80% | -1.45% | $ 1.150M | 19 BTC | 714 ETH | |
| 191 |
PolyQuity PQY | Polygon | -2.05% | -1.77% | $ 91.148K | 1 BTC | 57 ETH | |
| 185 |
CVI Finance GOVI | Ethereum | -0.77% | -1.83% | $ 114.199K | 2 BTC | 71 ETH | |
| 96 |
B.Protocol BPRO | Ethereum | -1.11% | -1.83% | $ 1.747M | 28 BTC | 1.085K ETH | |
| 78 |
PoolTogether POOL | Multi-Chain | -1.20% | -1.88% | $ 4.352M | 71 BTC | 2.701K ETH | |
| 100 |
Nerve NRV | Binance | -0.49% | -1.91% | $ 1.463M | 24 BTC | 908 ETH | |
| 42 |
dYdX | Ethereum | -0.95% | -1.93% | $ 38.388M | 623 BTC | 23.826K ETH | |
| 136 |
Perpetual Protocol PERP | xDai | -0.95% | -1.98% | $ 422.877K | 7 BTC | 262 ETH | |
| 137 |
yAxis YAX | Ethereum | -0.68% | -2.27% | $ 415.175K | 7 BTC | 258 ETH | |
| 250 |
Erasure NMR | Ethereum | -2.59% | -2.67% | $ 4.700K | 0 BTC | 3 ETH | |
| 220 |
Hyper Finance HYFI | Binance | -1.48% | -2.99% | $ 34.720K | 1 BTC | 22 ETH | |
| 155 |
Jarvis Network JRT | Ethereum | -0.86% | -3.68% | $ 268.863K | 4 BTC | 167 ETH | |
| 193 |
FilDA FILDA | Heco | -5.90% | -3.89% | $ 85.928K | 1 BTC | 53 ETH | |
| 187 |
Levinswap LEVIN | xDai | -2.30% | -4.21% | $ 110.979K | 2 BTC | 69 ETH | |
| 233 |
KokomoSwap KOKOMO | Binance | -1.57% | -4.43% | $ 20.286K | 0 BTC | 13 ETH | |
| 229 |
Canary CNR | Avalanche | -1.90% | -4.65% | $ 24.317K | 0 BTC | 15 ETH | |
| 178 |
InsurAce INSUR | Ethereum | -2.12% | -4.71% | $ 130.845K | 2 BTC | 81 ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.88% | -5.04% | $ 5.836B | 94.639K BTC | 3.622M ETH | |
| 164 |
Wasabix WASABI | Ethereum | -1.89% | -5.15% | $ 195.151K | 3 BTC | 121 ETH | |
| 145 |
88mph MPH | Ethereum | -2.32% | -5.86% | $ 352.451K | 6 BTC | 219 ETH | |
| 251 |
SolFarm TULIP | Solana | -1.83% | -5.98% | $ 4.451K | 0 BTC | 3 ETH | |
| 109 |
SpookySwap BOO | Fantom | -2.66% | -6.07% | $ 1.127M | 18 BTC | 700 ETH | |
| 144 |
YFII YFII | Ethereum | -3.38% | -6.15% | $ 362.400K | 6 BTC | 225 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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