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 | -0.43% | -3.04% | $ 21.675B | 284.492K BTC | 5.914M ETH | |
| 2 |
WBTC WBTC | Ethereum | 0.59% | 1.64% | $ 8.821B | 115.778K BTC | 2.407M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 107.035K BTC | 2.225M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 93.255K BTC | 1.938M ETH | |
| 5 |
MakerDAO MKR | Ethereum | -0.52% | -14.21% | $ 5.262B | 69.061K BTC | 1.436M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 49.642K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 32.564K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 28.995K BTC | 602.693K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 21.030K BTC | 437.141K ETH | |
| 10 |
Pendle PENDLE | Ethereum | -6.86% | -16.48% | $ 1.455B | 19.092K BTC | 396.853K ETH | |
| 11 |
Venus XVS | Binance | 0.79% | 0.54% | $ 1.205B | 15.816K BTC | 328.749K ETH | |
| 12 |
Raydium RAY | Solana | -1.34% | -3.84% | $ 984.152M | 12.918K BTC | 268.509K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -0.09% | -6.89% | $ 905.390M | 11.884K BTC | 247.020K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 10.540K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 10.366K BTC | 215.464K ETH | |
| 16 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.776K BTC | 182.417K ETH | |
| 17 |
Convex Finance CVX | Ethereum | -0.42% | -5.03% | $ 607.106M | 7.969K BTC | 165.638K ETH | |
| 18 |
Tornado Cash TORN | Ethereum | 0.45% | -2.70% | $ 566.337M | 7.434K BTC | 154.515K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.674K BTC | 138.723K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.764K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.272K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | 1.37% | 2.04% | $ 369.386M | 4.848K BTC | 100.781K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -0.05% | -0.15% | $ 285.117M | 3.742K BTC | 77.789K ETH | |
| 24 |
Orca | Solana | 0.07% | -0.96% | $ 254.710M | 3.343K BTC | 69.493K ETH | |
| 25 |
Connext | Multi-Chain | -0.22% | -4.01% | $ 217.307M | 2.852K BTC | 59.289K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | -5.82% | -5.05% | $ 191.965M | 2.520K BTC | 52.374K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 0.57% | 1.25% | $ 180.460M | 2.369K BTC | 49.235K ETH | |
| 28 |
Liquity LQTY | Ethereum | 0.31% | -2.79% | $ 176.217M | 2.313K BTC | 48.078K ETH | |
| 29 |
Compound COMP | Ethereum | 0.43% | -1.46% | $ 143.020M | 1.877K BTC | 39.021K ETH | |
| 30 |
Beefy Finance BIFI | Multi-Chain | -0.98% | -7.34% | $ 133.340M | 1.750K BTC | 36.379K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.538K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -0.02% | -2.56% | $ 108.708M | 1.427K BTC | 29.659K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | 0.14% | 0.31% | $ 87.589M | 1.150K BTC | 23.897K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 984 BTC | 20.453K ETH | |
| 35 |
Frax FXS | Ethereum | 0.91% | 6.08% | $ 74.818M | 982 BTC | 20.413K ETH | |
| 36 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 940 BTC | 19.529K ETH | |
| 37 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 813 BTC | 16.906K ETH | |
| 38 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 790 BTC | 16.417K ETH | |
| 39 |
Kava KAVA | Kava | 1.16% | 3.26% | $ 55.087M | 723 BTC | 15.030K ETH | |
| 40 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 679 BTC | 14.121K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | -0.26% | 1.68% | $ 45.668M | 599 BTC | 12.460K ETH | |
| 42 |
Vesper VSP | Ethereum | 0.24% | -0.12% | $ 45.559M | 598 BTC | 12.430K ETH | |
| 43 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 589 BTC | 12.245K ETH | |
| 44 |
MoneyOnChain MOC | RSK | 0.89% | 0.81% | $ 43.648M | 573 BTC | 11.909K ETH | |
| 45 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 528 BTC | 10.970K ETH | |
| 46 |
dYdX | Ethereum | -0.01% | -0.28% | $ 39.817M | 523 BTC | 10.863K ETH | |
| 47 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 503 BTC | 10.461K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | 0.49% | 1.88% | $ 30.928M | 406 BTC | 8.438K ETH | |
| 49 |
Ankr ANKR | Ethereum | 1.00% | -1.79% | $ 24.500M | 322 BTC | 6.684K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 0.08% | -1.94% | $ 21.534M | 283 BTC | 5.875K 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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