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 | -3.98% | -14.20% | $ 32.619B | 335.875K BTC | 8.899M ETH | |
2 |
WBTC WBTC | Ethereum | -0.33% | -5.57% | $ 13.004B | 133.907K BTC | 3.548M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 83.969K BTC | 2.225M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 73.158K BTC | 1.938M ETH | |
5 |
MakerDAO MKR | Ethereum | -3.60% | -14.47% | $ 4.960B | 51.069K BTC | 1.353M ETH | |
6 |
Pendle PENDLE | Ethereum | -0.79% | -0.81% | $ 4.848B | 49.915K BTC | 1.323M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 38.944K BTC | 1.032M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 25.547K BTC | 676.891K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 22.746K BTC | 602.693K ETH | |
10 |
Raydium RAY | Solana | -3.81% | -15.61% | $ 1.901B | 19.576K BTC | 518.688K ETH | |
11 |
Venus XVS | Binance | -2.19% | -10.14% | $ 1.706B | 17.572K BTC | 465.585K ETH | |
12 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 16.498K BTC | 437.141K ETH | |
13 |
Convex Finance CVX | Ethereum | -2.77% | -22.77% | $ 1.160B | 11.943K BTC | 316.454K ETH | |
14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.268K BTC | 219.079K ETH | |
15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.132K BTC | 215.464K ETH | |
16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 6.885K BTC | 182.417K ETH | |
17 |
Compound COMP | Ethereum | -1.66% | -13.55% | $ 656.722M | 6.762K BTC | 179.175K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | -3.59% | -9.47% | $ 589.616M | 6.071K BTC | 160.866K ETH | |
19 |
Tornado Cash TORN | Ethereum | -3.33% | -14.02% | $ 575.749M | 5.929K BTC | 157.083K ETH | |
20 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.236K BTC | 138.723K ETH | |
21 |
Lightning Network | Bitcoin | -0.07% | -5.96% | $ 497.713M | 5.125K BTC | 135.792K ETH | |
22 |
StakeWise SWISE | Ethereum | -3.57% | -13.54% | $ 480.455M | 4.947K BTC | 131.084K ETH | |
23 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.522K BTC | 119.818K ETH | |
24 |
Liquity LQTY | Ethereum | -3.67% | -16.26% | $ 412.635M | 4.249K BTC | 112.580K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.136K BTC | 109.591K ETH | |
26 |
Orca | Solana | 13.57% | -8.17% | $ 313.765M | 3.231K BTC | 85.605K ETH | |
27 |
Beefy Finance BIFI | Multi-Chain | -2.89% | -13.55% | $ 277.578M | 2.858K BTC | 75.732K ETH | |
28 |
Flexa AMP | Ethereum | -4.96% | -14.65% | $ 265.884M | 2.738K BTC | 72.542K ETH | |
29 |
Nexus Mutual NXM | Ethereum | -3.59% | -14.13% | $ 253.086M | 2.606K BTC | 69.050K ETH | |
30 |
Yearn Finance YFI | Ethereum | -2.82% | -11.55% | $ 233.326M | 2.403K BTC | 63.659K ETH | |
31 |
Connext | Multi-Chain | -4.14% | -18.15% | $ 216.857M | 2.233K BTC | 59.166K ETH | |
32 |
Enzyme Finance MLN | Ethereum | -3.42% | -14.23% | $ 201.492M | 2.075K BTC | 54.973K ETH | |
33 |
AnySwap ANY | Multi-Chain | -2.81% | -17.76% | $ 149.998M | 1.545K BTC | 40.924K ETH | |
34 |
Synthetix SNX | Ethereum | -12.21% | -40.76% | $ 143.380M | 1.476K BTC | 39.119K ETH | |
35 |
StakeDAO SDT | Ethereum | -4.00% | -27.65% | $ 139.013M | 1.431K BTC | 37.927K ETH | |
36 |
Flamincome FLAG | Ethereum | -0.84% | -4.97% | $ 138.561M | 1.427K BTC | 37.804K ETH | |
37 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.206K BTC | 31.960K ETH | |
38 |
MoneyOnChain MOC | RSK | -0.30% | -4.02% | $ 116.039M | 1.195K BTC | 31.659K ETH | |
39 |
Gambit Protocol GMT | Binance | -0.82% | -6.84% | $ 105.480M | 1.086K BTC | 28.778K ETH | |
40 |
Tranchess CHESS | Binance | -3.04% | -18.69% | $ 93.095M | 959 BTC | 25.399K ETH | |
41 |
Index Coop INDEX | Ethereum | -5.56% | -18.99% | $ 79.446M | 818 BTC | 21.675K ETH | |
42 |
Osmosis OSMO | Osmosis | -3.77% | -23.01% | $ 78.150M | 805 BTC | 21.322K ETH | |
43 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 772 BTC | 20.453K ETH | |
44 |
Set Protocol | Ethereum | -5.07% | -18.03% | $ 73.509M | 757 BTC | 20.056K ETH | |
45 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 737 BTC | 19.529K ETH | |
46 |
Mercurial Finance MER | Solana | -4.24% | -8.02% | $ 69.186M | 712 BTC | 18.876K ETH | |
47 |
UMA Protocol UMA | Ethereum | -3.22% | -28.77% | $ 63.871M | 658 BTC | 17.426K ETH | |
48 |
Kava KAVA | Kava | 7.01% | 0.62% | $ 63.213M | 651 BTC | 17.246K ETH | |
49 |
Alchemix ALCX | Ethereum | -2.37% | -12.05% | $ 62.115M | 640 BTC | 16.947K ETH | |
50 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 638 BTC | 16.906K 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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