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 | 1.31% | 2.83% | $ 17.729B | 266.889K BTC | 9.218M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 122.756K BTC | 4.240M ETH | |
| 3 |
WBTC WBTC | Ethereum | 1.51% | 2.83% | $ 7.565B | 113.873K BTC | 3.933M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 106.953K BTC | 3.694M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.90% | 2.88% | $ 6.090B | 91.677K BTC | 3.166M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 56.933K BTC | 1.966M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 37.348K BTC | 1.290M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 33.254K BTC | 1.149M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 24.119K BTC | 833.047K ETH | |
| 10 |
Pendle PENDLE | Ethereum | 1.86% | 9.19% | $ 1.163B | 17.501K BTC | 604.476K ETH | |
| 11 |
Venus XVS | Binance | 0.62% | 0.99% | $ 1.053B | 15.857K BTC | 547.671K ETH | |
| 12 |
Raydium RAY | Solana | 0.94% | -0.02% | $ 859.291M | 12.935K BTC | 446.770K ETH | |
| 13 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 12.088K BTC | 417.492K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.888K BTC | 410.603K ETH | |
| 15 |
StakeWise SWISE | Ethereum | 1.44% | 2.96% | $ 733.822M | 11.047K BTC | 381.535K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 10.065K BTC | 347.626K ETH | |
| 17 |
Tornado Cash TORN | Ethereum | -0.23% | 0.25% | $ 531.551M | 8.002K BTC | 276.369K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.654K BTC | 264.361K ETH | |
| 19 |
Convex Finance CVX | Ethereum | -0.10% | 0.00% | $ 499.145M | 7.514K BTC | 259.520K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.611K BTC | 228.334K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.047K BTC | 208.845K ETH | |
| 22 |
Lightning Network | Bitcoin | 3.13% | 3.60% | $ 296.939M | 4.470K BTC | 154.387K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 0.56% | 0.80% | $ 263.003M | 3.959K BTC | 136.743K ETH | |
| 24 |
Orca | Solana | 0.76% | 0.06% | $ 238.541M | 3.591K BTC | 124.024K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.15% | -1.00% | $ 147.256M | 2.217K BTC | 76.563K ETH | |
| 26 |
Liquity LQTY | Ethereum | 0.77% | 2.22% | $ 141.016M | 2.123K BTC | 73.318K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.763K BTC | 60.905K ETH | |
| 28 |
StakeDAO SDT | Ethereum | 1.03% | 7.46% | $ 114.688M | 1.726K BTC | 59.629K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.49% | 0.35% | $ 110.824M | 1.668K BTC | 57.621K ETH | |
| 30 |
Compound COMP | Ethereum | 0.79% | 1.46% | $ 93.809M | 1.412K BTC | 48.774K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 0.75% | 1.91% | $ 88.550M | 1.333K BTC | 46.040K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.06% | 1.82% | $ 85.256M | 1.283K BTC | 44.327K ETH | |
| 33 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.129K BTC | 38.978K ETH | |
| 34 |
Vesper VSP | Ethereum | 3.00% | 12.73% | $ 74.823M | 1.126K BTC | 38.903K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.078K BTC | 37.215K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 933 BTC | 32.218K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 906 BTC | 31.285K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 779 BTC | 26.911K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 676 BTC | 23.335K ETH | |
| 40 |
Frax FXS | Ethereum | 4.05% | 6.79% | $ 44.750M | 674 BTC | 23.267K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 605 BTC | 20.905K ETH | |
| 42 |
Mercurial Finance MER | Solana | 0.84% | 0.94% | $ 39.173M | 590 BTC | 20.367K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 577 BTC | 19.935K ETH | |
| 44 |
dYdX | Ethereum | 0.07% | 0.17% | $ 37.901M | 571 BTC | 19.706K ETH | |
| 45 |
AnySwap ANY | Multi-Chain | 0.67% | -0.60% | $ 37.715M | 568 BTC | 19.609K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | 0.52% | -0.82% | $ 29.031M | 437 BTC | 15.094K ETH | |
| 47 |
Connext | Multi-Chain | 1.21% | 1.06% | $ 23.825M | 359 BTC | 12.387K ETH | |
| 48 |
dHEDGE DHT | Ethereum | -0.24% | 4.46% | $ 21.062M | 317 BTC | 10.951K ETH | |
| 49 |
Ankr ANKR | Ethereum | 0.93% | 2.22% | $ 20.529M | 309 BTC | 10.674K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 1.81% | 2.73% | $ 19.330M | 291 BTC | 10.050K 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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