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 | -0.09% | -3.63% | $ 21.644B | 285.547K BTC | 5.905M ETH | |
| 2 |
WBTC WBTC | Ethereum | 0.50% | -0.07% | $ 8.813B | 116.274K BTC | 2.405M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 107.583K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 93.733K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.52% | -14.60% | $ 5.262B | 69.415K BTC | 1.436M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 49.896K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.731K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 29.143K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.138K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -4.17% | -16.80% | $ 1.458B | 19.231K BTC | 397.710K ETH | |
| 11 |
Venus XVS | Binance | 0.98% | -1.35% | $ 1.196B | 15.773K BTC | 326.192K ETH | |
| 12 |
Raydium RAY | Solana | -1.34% | -3.84% | $ 984.152M | 12.984K BTC | 268.509K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 0.16% | -7.49% | $ 903.927M | 11.925K BTC | 246.621K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.594K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.419K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.821K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | 0.11% | -5.32% | $ 606.741M | 8.005K BTC | 165.539K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 0.86% | -3.24% | $ 566.021M | 7.467K BTC | 154.429K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.708K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.794K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.299K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.55% | 2.04% | $ 369.386M | 4.873K BTC | 100.781K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | 1.01% | 0.07% | $ 286.930M | 3.785K BTC | 78.284K ETH | |
| 24 |
Orca | Solana | 0.45% | -2.82% | $ 255.371M | 3.369K BTC | 69.674K ETH | |
| 25 |
Connext | Multi-Chain | 0.09% | -4.99% | $ 216.854M | 2.861K BTC | 59.165K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -4.84% | -5.52% | $ 191.505M | 2.527K BTC | 52.249K ETH | |
| 27 |
StakeDAO SDT | Ethereum | -0.43% | 0.22% | $ 179.340M | 2.366K BTC | 48.930K ETH | |
| 28 |
Liquity LQTY | Ethereum | 0.38% | -3.15% | $ 175.622M | 2.317K BTC | 47.915K ETH | |
| 29 |
Compound COMP | Ethereum | 0.23% | -2.37% | $ 142.726M | 1.883K BTC | 38.940K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | -0.04% | -7.61% | $ 133.340M | 1.759K BTC | 36.379K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.545K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -0.06% | -3.23% | $ 108.330M | 1.429K BTC | 29.556K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 0.49% | -0.24% | $ 87.589M | 1.156K BTC | 23.897K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 989 BTC | 20.453K ETH | |
| 35 |
Frax FXS | Ethereum | 0.95% | 6.10% | $ 74.841M | 987 BTC | 20.419K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 944 BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 818 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 794 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | 1.12% | 2.02% | $ 55.087M | 727 BTC | 15.030K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 683 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 0.06% | 0.97% | $ 45.675M | 603 BTC | 12.462K ETH | |
| 42 |
Vesper VSP | Ethereum | 0.16% | -0.75% | $ 45.406M | 599 BTC | 12.388K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 592 BTC | 12.245K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 0.65% | -0.48% | $ 43.546M | 574 BTC | 11.881K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 530 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | -0.01% | -0.27% | $ 39.803M | 525 BTC | 10.860K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 506 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.92% | 1.41% | $ 30.937M | 408 BTC | 8.441K ETH | |
| 49 |
Ankr ANKR | Ethereum | 0.79% | -1.96% | $ 24.471M | 323 BTC | 6.676K ETH | |
| 50 |
dHEDGE DHT | Ethereum | -0.04% | -2.04% | $ 21.527M | 284 BTC | 5.873K 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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