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 | 0.92% | -13.47% | $ 32.960B | 339.930K BTC | 8.993M ETH | |
2 |
WBTC WBTC | Ethereum | 1.42% | -5.57% | $ 12.997B | 134.042K BTC | 3.546M ETH | |
3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 84.102K BTC | 2.225M ETH | |
4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 73.274K BTC | 1.938M ETH | |
5 |
MakerDAO MKR | Ethereum | 1.18% | -13.66% | $ 5.018B | 51.750K BTC | 1.369M ETH | |
6 |
Pendle PENDLE | Ethereum | 1.32% | -0.07% | $ 4.856B | 50.082K BTC | 1.325M ETH | |
7 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 39.005K BTC | 1.032M ETH | |
8 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 25.587K BTC | 676.891K ETH | |
9 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 22.782K BTC | 602.693K ETH | |
10 |
Raydium RAY | Solana | 1.63% | -15.03% | $ 1.947B | 20.079K BTC | 531.182K ETH | |
11 |
Venus XVS | Binance | 1.37% | -10.32% | $ 1.714B | 17.674K BTC | 467.561K ETH | |
12 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 16.524K BTC | 437.141K ETH | |
13 |
Convex Finance CVX | Ethereum | 3.65% | -22.71% | $ 1.172B | 12.088K BTC | 319.786K ETH | |
14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 8.281K BTC | 219.079K ETH | |
15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 8.145K BTC | 215.464K ETH | |
16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 6.896K BTC | 182.417K ETH | |
17 |
Compound COMP | Ethereum | 2.36% | -13.43% | $ 659.136M | 6.798K BTC | 179.834K ETH | |
18 |
xDAI Stake STAKE | Multi-Chain | 5.28% | -9.24% | $ 596.980M | 6.157K BTC | 162.876K ETH | |
19 |
Tornado Cash TORN | Ethereum | 1.28% | -13.48% | $ 581.813M | 6.000K BTC | 158.738K ETH | |
20 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 5.244K BTC | 138.723K ETH | |
21 |
Lightning Network | Bitcoin | 1.48% | -3.23% | $ 495.970M | 5.115K BTC | 135.317K ETH | |
22 |
StakeWise SWISE | Ethereum | 1.28% | -12.92% | $ 485.484M | 5.007K BTC | 132.456K ETH | |
23 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 4.529K BTC | 119.818K ETH | |
24 |
Liquity LQTY | Ethereum | 1.27% | -15.38% | $ 417.102M | 4.302K BTC | 113.799K ETH | |
25 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.143K BTC | 109.591K ETH | |
26 |
Orca | Solana | 2.89% | -11.74% | $ 314.173M | 3.240K BTC | 85.717K ETH | |
27 |
Beefy Finance BIFI | Multi-Chain | 1.84% | -12.05% | $ 283.667M | 2.926K BTC | 77.394K ETH | |
28 |
Flexa AMP | Ethereum | 11.50% | -7.49% | $ 272.994M | 2.815K BTC | 74.482K ETH | |
29 |
Nexus Mutual NXM | Ethereum | 1.05% | -13.32% | $ 255.665M | 2.637K BTC | 69.754K ETH | |
30 |
Yearn Finance YFI | Ethereum | 1.56% | -11.32% | $ 234.770M | 2.421K BTC | 64.053K ETH | |
31 |
Connext | Multi-Chain | 1.70% | -17.01% | $ 220.607M | 2.275K BTC | 60.189K ETH | |
32 |
Enzyme Finance MLN | Ethereum | 1.90% | -13.65% | $ 204.164M | 2.106K BTC | 55.703K ETH | |
33 |
AnySwap ANY | Multi-Chain | 7.41% | -17.52% | $ 153.845M | 1.587K BTC | 41.974K ETH | |
34 |
Synthetix SNX | Ethereum | -1.34% | -38.35% | $ 149.203M | 1.539K BTC | 40.707K ETH | |
35 |
StakeDAO SDT | Ethereum | 7.88% | -27.36% | $ 141.525M | 1.460K BTC | 38.613K ETH | |
36 |
Flamincome FLAG | Ethereum | 1.24% | -5.02% | $ 138.675M | 1.430K BTC | 37.835K ETH | |
37 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.208K BTC | 31.960K ETH | |
38 |
MoneyOnChain MOC | RSK | 1.61% | -3.92% | $ 116.032M | 1.197K BTC | 31.657K ETH | |
39 |
Gambit Protocol GMT | Binance | 1.54% | -6.79% | $ 105.648M | 1.090K BTC | 28.824K ETH | |
40 |
Tranchess CHESS | Binance | 2.49% | -18.08% | $ 93.891M | 968 BTC | 25.616K ETH | |
41 |
Index Coop INDEX | Ethereum | 3.73% | -17.53% | $ 80.971M | 835 BTC | 22.091K ETH | |
42 |
Osmosis OSMO | Osmosis | 3.24% | -22.12% | $ 79.374M | 819 BTC | 21.656K ETH | |
43 |
Set Protocol | Ethereum | 6.20% | -16.44% | $ 75.255M | 776 BTC | 20.532K ETH | |
44 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 773 BTC | 20.453K ETH | |
45 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 738 BTC | 19.529K ETH | |
46 |
Mercurial Finance MER | Solana | 0.22% | -8.95% | $ 69.650M | 718 BTC | 19.003K ETH | |
47 |
UMA Protocol UMA | Ethereum | 9.52% | -28.07% | $ 66.147M | 682 BTC | 18.047K ETH | |
48 |
Visor Finance VISR | Ethereum | 8.69% | -10.58% | $ 65.189M | 672 BTC | 17.786K ETH | |
49 |
Alchemix ALCX | Ethereum | 4.00% | -11.53% | $ 62.953M | 649 BTC | 17.176K ETH | |
50 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 639 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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