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% | 1.55% | $ 23.819B | 298.856K BTC | 9.684M ETH | |
| 2 |
WBTC WBTC | Ethereum | -1.54% | 4.69% | $ 9.275B | 116.378K BTC | 3.771M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 102.316K BTC | 3.315M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 89.144K BTC | 2.889M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.18% | -0.52% | $ 5.518B | 69.237K BTC | 2.244M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 47.453K BTC | 1.538M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 31.129K BTC | 1.009M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 27.716K BTC | 898.111K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 20.103K BTC | 651.412K ETH | |
| 10 |
Venus XVS | Binance | 0.49% | 5.20% | $ 1.309B | 16.428K BTC | 532.312K ETH | |
| 11 |
Pendle PENDLE | Ethereum | 0.38% | 4.45% | $ 1.227B | 15.394K BTC | 498.807K ETH | |
| 12 |
Raydium RAY | Solana | -0.60% | -0.80% | $ 1.112B | 13.951K BTC | 452.071K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -2.62% | 1.80% | $ 912.877M | 11.454K BTC | 371.144K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.075K BTC | 326.464K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.909K BTC | 321.076K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | -0.66% | 3.88% | $ 749.053M | 9.398K BTC | 304.539K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.389K BTC | 271.831K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -1.29% | 6.30% | $ 584.500M | 7.334K BTC | 237.637K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.380K BTC | 206.720K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.510K BTC | 178.549K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.040K BTC | 163.309K ETH | |
| 22 |
Lightning Network | Bitcoin | -1.92% | 0.53% | $ 299.098M | 3.753K BTC | 121.603K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -1.15% | 1.29% | $ 273.565M | 3.432K BTC | 111.222K ETH | |
| 24 |
Orca | Solana | 3.07% | -0.82% | $ 257.853M | 3.235K BTC | 104.834K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -0.46% | 1.73% | $ 186.914M | 2.345K BTC | 75.993K ETH | |
| 26 |
Liquity LQTY | Ethereum | -2.96% | 0.25% | $ 179.226M | 2.249K BTC | 72.867K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -1.97% | 2.67% | $ 142.738M | 1.791K BTC | 58.032K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.470K BTC | 47.625K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | -0.10% | 1.75% | $ 113.525M | 1.424K BTC | 46.155K ETH | |
| 30 |
Nexus Mutual NXM | Ethereum | -2.25% | 0.54% | $ 107.536M | 1.349K BTC | 43.720K ETH | |
| 31 |
Compound COMP | Ethereum | -1.85% | 1.06% | $ 104.960M | 1.317K BTC | 42.673K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | -1.64% | 1.24% | $ 91.430M | 1.147K BTC | 37.172K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 941 BTC | 30.479K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 898 BTC | 29.101K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 777 BTC | 25.193K ETH | |
| 36 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 755 BTC | 24.464K ETH | |
| 37 |
Vesper VSP | Ethereum | -2.80% | -19.10% | $ 58.849M | 738 BTC | 23.926K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 649 BTC | 21.043K ETH | |
| 39 |
Mercurial Finance MER | Solana | -1.00% | -1.10% | $ 45.740M | 574 BTC | 18.596K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 563 BTC | 18.247K ETH | |
| 41 |
Frax FXS | Ethereum | 1.29% | -3.00% | $ 44.572M | 559 BTC | 18.121K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | 0.00% | -0.41% | $ 42.054M | 528 BTC | 17.098K ETH | |
| 43 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 504 BTC | 16.347K ETH | |
| 44 |
dYdX | Ethereum | -0.30% | 0.09% | $ 38.753M | 486 BTC | 15.756K ETH | |
| 45 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 481 BTC | 15.589K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 2.27% | 4.22% | $ 35.275M | 443 BTC | 14.342K ETH | |
| 47 |
Connext | Multi-Chain | -2.51% | 0.32% | $ 30.058M | 377 BTC | 12.221K ETH | |
| 48 |
Ankr ANKR | Ethereum | -1.24% | 7.96% | $ 27.699M | 348 BTC | 11.261K ETH | |
| 49 |
dHEDGE DHT | Ethereum | -1.33% | 5.75% | $ 25.400M | 319 BTC | 10.327K ETH | |
| 50 |
MoneyOnChain MOC | RSK | -2.03% | 2.62% | $ 22.097M | 277 BTC | 8.984K 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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