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 | 2.13% | -2.65% | $ 23.716B | 286.288K BTC | 9.700M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.40% | -0.49% | $ 9.640B | 116.371K BTC | 3.943M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 98.440K BTC | 3.335M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 85.766K BTC | 2.906M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 0.78% | -3.15% | $ 5.678B | 68.544K BTC | 2.322M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 45.655K BTC | 1.547M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 29.949K BTC | 1.015M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 26.666K BTC | 903.545K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 19.341K BTC | 655.352K ETH | |
| 10 |
Venus XVS | Binance | 1.59% | 0.17% | $ 1.276B | 15.408K BTC | 522.063K ETH | |
| 11 |
Raydium RAY | Solana | 2.27% | -0.96% | $ 1.203B | 14.520K BTC | 492.000K ETH | |
| 12 |
Pendle PENDLE | Ethereum | 0.39% | -9.75% | $ 1.113B | 13.432K BTC | 455.127K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 2.12% | -1.50% | $ 935.630M | 11.295K BTC | 382.696K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.693K BTC | 328.439K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.533K BTC | 323.019K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 10.98% | 4.92% | $ 757.131M | 9.140K BTC | 309.685K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.071K BTC | 273.475K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 2.88% | 3.06% | $ 596.376M | 7.199K BTC | 243.932K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.138K BTC | 207.971K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.301K BTC | 179.629K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.849K BTC | 164.297K ETH | |
| 22 |
Orca | Solana | 1.86% | 0.64% | $ 304.514M | 3.676K BTC | 124.554K ETH | |
| 23 |
Lightning Network | Bitcoin | 0.66% | -3.48% | $ 290.164M | 3.503K BTC | 118.684K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 0.79% | -1.79% | $ 263.710M | 3.183K BTC | 107.864K ETH | |
| 25 |
Liquity LQTY | Ethereum | 2.09% | -3.02% | $ 174.791M | 2.110K BTC | 71.494K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | 0.56% | -22.62% | $ 154.767M | 1.868K BTC | 63.304K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 2.30% | 3.60% | $ 151.392M | 1.828K BTC | 61.923K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.414K BTC | 47.913K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.16% | -1.66% | $ 110.112M | 1.329K BTC | 45.039K ETH | |
| 30 |
Compound COMP | Ethereum | 1.39% | -2.01% | $ 106.277M | 1.283K BTC | 43.470K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 1.31% | -7.75% | $ 99.134M | 1.197K BTC | 40.548K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.56% | -0.15% | $ 97.041M | 1.171K BTC | 39.692K ETH | |
| 33 |
Vesper VSP | Ethereum | 1.54% | -1.65% | $ 88.440M | 1.068K BTC | 36.174K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 905 BTC | 30.663K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 864 BTC | 29.277K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 748 BTC | 25.346K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 726 BTC | 24.612K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 625 BTC | 21.170K ETH | |
| 39 |
Mercurial Finance MER | Solana | 0.47% | -0.62% | $ 46.257M | 558 BTC | 18.920K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 542 BTC | 18.358K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 1.29% | -1.29% | $ 43.418M | 524 BTC | 17.759K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 485 BTC | 16.446K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 463 BTC | 15.683K ETH | |
| 44 |
Frax FXS | Ethereum | -0.15% | -5.98% | $ 36.096M | 436 BTC | 14.764K ETH | |
| 45 |
Alpaca Finance ALPACA | Binance | 1.18% | -1.35% | $ 34.967M | 422 BTC | 14.302K ETH | |
| 46 |
dYdX | Ethereum | -0.61% | -18.93% | $ 30.725M | 371 BTC | 12.567K ETH | |
| 47 |
Connext | Multi-Chain | 2.04% | -2.75% | $ 29.046M | 351 BTC | 11.880K ETH | |
| 48 |
Ankr ANKR | Ethereum | 1.91% | -3.96% | $ 27.533M | 332 BTC | 11.262K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 1.82% | 0.89% | $ 25.354M | 306 BTC | 10.370K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 1.01% | 0.02% | $ 22.358M | 270 BTC | 9.145K 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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