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 | 2.34% | -2.61% | $ 23.726B | 286.500K BTC | 9.706M ETH | |
| 2 |
WBTC WBTC | Ethereum | 1.07% | -0.31% | $ 9.658B | 116.623K BTC | 3.951M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 98.472K BTC | 3.336M ETH | |
| 4 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 85.795K BTC | 2.907M ETH | |
| 5 |
MakerDAO MKR | Ethereum | 1.93% | -2.94% | $ 5.691B | 68.719K BTC | 2.328M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 45.670K BTC | 1.547M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 29.959K BTC | 1.015M ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 26.675K BTC | 903.707K ETH | |
| 9 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 19.348K BTC | 655.470K ETH | |
| 10 |
Venus XVS | Binance | 1.91% | 0.54% | $ 1.281B | 15.469K BTC | 524.045K ETH | |
| 11 |
Raydium RAY | Solana | 2.18% | -1.05% | $ 1.202B | 14.512K BTC | 491.655K ETH | |
| 12 |
Pendle PENDLE | Ethereum | 0.53% | -9.66% | $ 1.114B | 13.449K BTC | 455.640K ETH | |
| 13 |
StakeWise SWISE | Ethereum | 2.37% | -1.46% | $ 936.036M | 11.303K BTC | 382.931K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 9.696K BTC | 328.498K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 9.536K BTC | 323.077K ETH | |
| 16 |
Tornado Cash TORN | Ethereum | 11.71% | 5.08% | $ 758.343M | 9.157K BTC | 310.237K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 8.074K BTC | 273.525K ETH | |
| 18 |
Convex Finance CVX | Ethereum | 2.29% | 3.10% | $ 596.636M | 7.205K BTC | 244.083K ETH | |
| 19 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 6.140K BTC | 208.008K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 5.303K BTC | 179.661K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 4.851K BTC | 164.327K ETH | |
| 22 |
Orca | Solana | 1.68% | 0.64% | $ 304.514M | 3.677K BTC | 124.576K ETH | |
| 23 |
Lightning Network | Bitcoin | 1.15% | -2.92% | $ 291.856M | 3.524K BTC | 119.398K ETH | |
| 24 |
xDAI Stake STAKE | Multi-Chain | 0.31% | -1.96% | $ 263.264M | 3.179K BTC | 107.701K ETH | |
| 25 |
Liquity LQTY | Ethereum | 1.68% | -2.97% | $ 174.869M | 2.112K BTC | 71.538K ETH | |
| 26 |
Yearn Finance YFI | Ethereum | 0.97% | -22.33% | $ 155.339M | 1.876K BTC | 63.549K ETH | |
| 27 |
StakeDAO SDT | Ethereum | 1.90% | 3.64% | $ 151.452M | 1.829K BTC | 61.959K ETH | |
| 28 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.415K BTC | 47.922K ETH | |
| 29 |
Beefy Finance BIFI | Multi-Chain | 0.13% | -1.63% | $ 110.151M | 1.330K BTC | 45.063K ETH | |
| 30 |
Compound COMP | Ethereum | 1.73% | -1.75% | $ 106.564M | 1.287K BTC | 43.595K ETH | |
| 31 |
Nexus Mutual NXM | Ethereum | 1.78% | -7.71% | $ 99.175M | 1.198K BTC | 40.572K ETH | |
| 32 |
Enzyme Finance MLN | Ethereum | 1.53% | -0.26% | $ 96.934M | 1.171K BTC | 39.656K ETH | |
| 33 |
Vesper VSP | Ethereum | 1.21% | -1.67% | $ 88.419M | 1.068K BTC | 36.172K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 905 BTC | 30.669K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 864 BTC | 29.282K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 748 BTC | 25.350K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 727 BTC | 24.616K ETH | |
| 38 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 625 BTC | 21.174K ETH | |
| 39 |
Mercurial Finance MER | Solana | 0.71% | -0.64% | $ 46.252M | 559 BTC | 18.921K ETH | |
| 40 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 542 BTC | 18.361K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 1.16% | -1.08% | $ 43.514M | 525 BTC | 17.801K ETH | |
| 42 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 486 BTC | 16.449K ETH | |
| 43 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 463 BTC | 15.686K ETH | |
| 44 |
Frax FXS | Ethereum | -0.16% | -5.98% | $ 36.096M | 436 BTC | 14.767K ETH | |
| 45 |
Alpaca Finance ALPACA | Binance | 1.41% | -1.16% | $ 35.033M | 423 BTC | 14.332K ETH | |
| 46 |
dYdX | Ethereum | -0.62% | -18.92% | $ 30.728M | 371 BTC | 12.571K ETH | |
| 47 |
Connext | Multi-Chain | 2.07% | -2.75% | $ 29.046M | 351 BTC | 11.883K ETH | |
| 48 |
Ankr ANKR | Ethereum | 2.00% | -3.91% | $ 27.545M | 333 BTC | 11.268K ETH | |
| 49 |
dHEDGE DHT | Ethereum | 1.99% | 1.15% | $ 25.419M | 307 BTC | 10.399K ETH | |
| 50 |
MoneyOnChain MOC | RSK | 1.07% | 0.23% | $ 22.406M | 271 BTC | 9.166K 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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