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 | -1.27% | 5.44% | $ 19.247B | 269.159K BTC | 5.251M ETH | |
| 2 |
WBTC WBTC | Ethereum | -0.48% | 4.49% | $ 8.355B | 116.835K BTC | 2.279M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 114.037K BTC | 2.225M ETH | |
| 4 |
MakerDAO MKR | Ethereum | -1.00% | 8.50% | $ 7.363B | 102.969K BTC | 2.009M ETH | |
| 5 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 99.356K BTC | 1.938M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 52.889K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 34.695K BTC | 676.891K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 30.892K BTC | 602.693K ETH | |
| 9 |
Pendle PENDLE | Ethereum | 0.37% | 3.16% | $ 2.220B | 31.052K BTC | 605.816K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 22.406K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -1.88% | -5.97% | $ 1.254B | 17.530K BTC | 342.004K ETH | |
| 12 |
Raydium RAY | Solana | -1.34% | 5.77% | $ 1.045B | 14.612K BTC | 285.084K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -1.73% | 7.03% | $ 868.068M | 12.139K BTC | 236.837K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 11.229K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.044K BTC | 215.464K ETH | |
| 16 |
Convex Finance CVX | Ethereum | -1.92% | 1.91% | $ 681.966M | 9.537K BTC | 186.063K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.350K BTC | 182.417K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.110K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -2.41% | 4.90% | $ 505.615M | 7.071K BTC | 137.948K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.141K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.617K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -0.20% | 5.64% | $ 348.130M | 4.868K BTC | 94.981K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -0.47% | 3.26% | $ 299.100M | 4.183K BTC | 81.604K ETH | |
| 24 |
Orca | Solana | -3.49% | -0.13% | $ 254.182M | 3.555K BTC | 69.349K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.47% | 14.18% | $ 272.941M | 3.817K BTC | 74.467K ETH | |
| 26 |
Connext | Multi-Chain | -2.04% | 5.03% | $ 205.383M | 2.872K BTC | 56.035K ETH | |
| 27 |
Liquity LQTY | Ethereum | -1.14% | 5.98% | $ 162.299M | 2.270K BTC | 44.280K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | -0.96% | 1.37% | $ 147.436M | 2.062K BTC | 40.225K ETH | |
| 29 |
StakeDAO SDT | Ethereum | 0.72% | -13.32% | $ 147.874M | 2.068K BTC | 40.345K ETH | |
| 30 |
Compound COMP | Ethereum | -1.03% | 3.82% | $ 139.331M | 1.948K BTC | 38.014K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.638K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -1.90% | 4.99% | $ 101.331M | 1.417K BTC | 27.646K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -1.13% | 3.84% | $ 85.486M | 1.195K BTC | 23.323K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.048K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 1.001K BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 867 BTC | 16.906K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 841 BTC | 16.417K ETH | |
| 38 |
Frax FXS | Ethereum | 3.59% | 10.92% | $ 59.266M | 829 BTC | 16.170K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 724 BTC | 14.121K ETH | |
| 40 |
Kava KAVA | Kava | -0.68% | 4.23% | $ 50.618M | 708 BTC | 13.810K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 0.41% | 4.51% | $ 46.643M | 652 BTC | 12.726K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 628 BTC | 12.245K ETH | |
| 43 |
MoneyOnChain MOC | RSK | -0.45% | 6.33% | $ 41.385M | 579 BTC | 11.291K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 562 BTC | 10.970K ETH | |
| 45 |
dYdX | Ethereum | -0.20% | 0.49% | $ 39.474M | 552 BTC | 10.770K ETH | |
| 46 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 536 BTC | 10.461K ETH | |
| 47 |
Vesper VSP | Ethereum | -1.10% | 3.66% | $ 36.846M | 515 BTC | 10.053K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -0.17% | 4.41% | $ 32.353M | 452 BTC | 8.827K ETH | |
| 49 |
Alchemix ALCX | Ethereum | -2.04% | 4.21% | $ 30.542M | 427 BTC | 8.333K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 0.03% | 0.07% | $ 25.247M | 353 BTC | 6.888K 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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