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 | -9.85% | -20.91% | $ 14.102B | 234.355K BTC | 9.024M ETH | |
| 2 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 135.523K BTC | 5.218M ETH | |
| 3 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 118.076K BTC | 4.547M ETH | |
| 4 |
WBTC WBTC | Ethereum | -4.38% | -18.48% | $ 6.891B | 114.521K BTC | 4.410M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -1.31% | -5.71% | $ 5.819B | 96.708K BTC | 3.724M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 62.854K BTC | 2.420M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 41.232K BTC | 1.588M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 36.712K BTC | 1.414M ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 26.628K BTC | 1.025M ETH | |
| 10 |
Pendle PENDLE | Ethereum | -4.22% | -18.64% | $ 1.174B | 19.508K BTC | 751.148K ETH | |
| 11 |
Venus XVS | Binance | -3.64% | -11.88% | $ 998.370M | 16.592K BTC | 638.883K ETH | |
| 12 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 13.345K BTC | 513.848K ETH | |
| 13 |
Raydium RAY | Solana | -4.44% | -18.47% | $ 800.607M | 13.305K BTC | 512.329K ETH | |
| 14 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 13.125K BTC | 505.369K ETH | |
| 15 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 11.112K BTC | 427.857K ETH | |
| 16 |
StakeWise SWISE | Ethereum | -9.66% | -21.23% | $ 582.083M | 9.674K BTC | 372.490K ETH | |
| 17 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 8.450K BTC | 325.374K ETH | |
| 18 |
Convex Finance CVX | Ethereum | -3.54% | -9.67% | $ 506.408M | 8.416K BTC | 324.064K ETH | |
| 19 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 7.299K BTC | 281.033K ETH | |
| 20 |
Tornado Cash TORN | Ethereum | -8.82% | -18.36% | $ 411.048M | 6.831K BTC | 263.040K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 6.676K BTC | 257.046K ETH | |
| 22 |
Lightning Network | Bitcoin | -4.78% | -18.17% | $ 294.727M | 4.898K BTC | 188.603K ETH | |
| 23 |
Orca | Solana | -3.23% | -11.79% | $ 228.388M | 3.796K BTC | 146.152K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | -4.93% | -15.87% | $ 224.417M | 3.730K BTC | 143.610K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | -10.43% | -7.27% | $ 158.260M | 2.630K BTC | 101.274K ETH | |
| 26 |
Liquity LQTY | Ethereum | -9.64% | -20.99% | $ 119.592M | 1.988K BTC | 76.530K ETH | |
| 27 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.947K BTC | 74.961K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | -5.35% | -10.22% | $ 109.113M | 1.813K BTC | 69.824K ETH | |
| 29 |
StakeDAO SDT | Ethereum | -4.62% | -14.48% | $ 102.124M | 1.697K BTC | 65.352K ETH | |
| 30 |
Compound COMP | Ethereum | -14.01% | -22.89% | $ 86.939M | 1.445K BTC | 55.635K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | -7.59% | -17.96% | $ 76.498M | 1.271K BTC | 48.953K ETH | |
| 32 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.246K BTC | 47.973K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -5.87% | -14.10% | $ 73.181M | 1.216K BTC | 46.830K ETH | |
| 34 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.190K BTC | 45.804K ETH | |
| 35 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 1.030K BTC | 39.653K ETH | |
| 36 |
Frax FXS | Ethereum | -0.45% | -7.08% | $ 61.696M | 1.025K BTC | 39.481K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 1.000K BTC | 38.506K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 860 BTC | 33.121K ETH | |
| 39 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 746 BTC | 28.721K ETH | |
| 40 |
Vesper VSP | Ethereum | -4.16% | -13.92% | $ 41.172M | 684 BTC | 26.347K ETH | |
| 41 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 668 BTC | 25.730K ETH | |
| 42 |
AnySwap ANY | Multi-Chain | -5.10% | -11.20% | $ 38.796M | 645 BTC | 24.827K ETH | |
| 43 |
dYdX | Ethereum | -0.74% | -1.79% | $ 38.440M | 639 BTC | 24.599K ETH | |
| 44 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 637 BTC | 24.536K ETH | |
| 45 |
MoneyOnChain MOC | RSK | -4.65% | -20.35% | $ 33.467M | 556 BTC | 21.416K ETH | |
| 46 |
Alpaca Finance ALPACA | Binance | -3.76% | -8.10% | $ 28.722M | 477 BTC | 18.380K ETH | |
| 47 |
Connext | Multi-Chain | -10.09% | -24.20% | $ 21.790M | 362 BTC | 13.944K ETH | |
| 48 |
dHEDGE DHT | Ethereum | -2.52% | -7.25% | $ 19.026M | 316 BTC | 12.175K ETH | |
| 49 |
Mercurial Finance MER | Solana | -3.78% | -14.98% | $ 17.473M | 290 BTC | 11.181K ETH | |
| 50 |
Ankr ANKR | Ethereum | -9.64% | -19.51% | $ 16.795M | 279 BTC | 10.747K 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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