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 | -1.30% | 5.41% | $ 19.241B | 268.317K BTC | 5.250M ETH | |
| 2 |
WBTC WBTC | Ethereum | -0.57% | 4.39% | $ 8.347B | 116.400K BTC | 2.277M ETH | |
| 3 |
AAVE AAVE | Multi-Chain | 0.00% | 0.00% | $ 8.155B | 113.717K BTC | 2.225M ETH | |
| 4 |
MakerDAO MKR | Ethereum | -0.91% | 8.59% | $ 7.369B | 102.766K BTC | 2.011M ETH | |
| 5 |
Curve CRV | Multi-Chain | 0.00% | 0.00% | $ 7.105B | 99.077K BTC | 1.938M ETH | |
| 6 |
PancakeSwap CAKE | Binance | 0.00% | 0.00% | $ 3.782B | 52.741K BTC | 1.032M ETH | |
| 7 |
InstaDApp INST | Ethereum | 0.00% | 0.00% | $ 2.481B | 34.597K BTC | 676.891K ETH | |
| 9 |
Pendle PENDLE | Ethereum | 0.27% | 3.06% | $ 2.218B | 30.933K BTC | 605.207K ETH | |
| 8 |
DefiChain DFI | DefiChain | 0.00% | 0.00% | $ 2.209B | 30.805K BTC | 602.693K ETH | |
| 10 |
Uniswap UNI | Ethereum | 0.00% | 0.00% | $ 1.602B | 22.343K BTC | 437.141K ETH | |
| 11 |
Venus XVS | Binance | -2.55% | -6.61% | $ 1.245B | 17.360K BTC | 339.648K ETH | |
| 12 |
Raydium RAY | Solana | -1.34% | 5.77% | $ 1.045B | 14.571K BTC | 285.084K ETH | |
| 13 |
StakeWise SWISE | Ethereum | -1.71% | 7.04% | $ 868.201M | 12.107K BTC | 236.873K ETH | |
| 14 |
Balancer BAL | Ethereum | 0.00% | 0.00% | $ 802.980M | 11.198K BTC | 219.079K ETH | |
| 15 |
SushiSwap SUSHI | Multi-Chain | 0.00% | 0.00% | $ 789.729M | 11.013K BTC | 215.464K ETH | |
| 16 |
Convex Finance CVX | Ethereum | -1.85% | 1.98% | $ 682.437M | 9.517K BTC | 186.191K ETH | |
| 17 |
MDEX MDX | Multi-Chain | 0.00% | 0.00% | $ 668.604M | 9.324K BTC | 182.417K ETH | |
| 18 |
BiSwap BSW | Binance | 0.00% | 0.00% | $ 508.456M | 7.090K BTC | 138.723K ETH | |
| 19 |
Tornado Cash TORN | Ethereum | -2.42% | 4.90% | $ 505.590M | 7.050K BTC | 137.941K ETH | |
| 20 |
DefiSaver | Ethereum | 0.00% | 0.00% | $ 439.164M | 6.124K BTC | 119.818K ETH | |
| 21 |
Quickswap QUICK | Polygon | 0.00% | 0.00% | $ 401.680M | 5.601K BTC | 109.591K ETH | |
| 22 |
Lightning Network | Bitcoin | -0.07% | 5.78% | $ 348.589M | 4.861K BTC | 95.106K ETH | |
| 23 |
xDAI Stake STAKE | Multi-Chain | -0.77% | 2.95% | $ 298.206M | 4.159K BTC | 81.360K ETH | |
| 25 |
Yearn Finance YFI | Ethereum | 0.50% | 14.21% | $ 273.020M | 3.807K BTC | 74.489K ETH | |
| 24 |
Orca | Solana | -3.69% | -0.33% | $ 253.653M | 3.537K BTC | 69.205K ETH | |
| 26 |
Connext | Multi-Chain | -1.94% | 5.13% | $ 205.593M | 2.867K BTC | 56.092K ETH | |
| 27 |
Liquity LQTY | Ethereum | -1.17% | 5.95% | $ 162.246M | 2.263K BTC | 44.266K ETH | |
| 29 |
StakeDAO SDT | Ethereum | 0.73% | -13.30% | $ 147.897M | 2.062K BTC | 40.351K ETH | |
| 28 |
Beefy Finance BIFI | Multi-Chain | -0.97% | 1.35% | $ 147.413M | 2.056K BTC | 40.219K ETH | |
| 30 |
Compound COMP | Ethereum | -0.98% | 3.87% | $ 139.397M | 1.944K BTC | 38.032K ETH | |
| 31 |
Fantom FTM | Fantom | 0.00% | 0.00% | $ 117.141M | 1.634K BTC | 31.960K ETH | |
| 32 |
Nexus Mutual NXM | Ethereum | -1.90% | 4.99% | $ 101.328M | 1.413K BTC | 27.646K ETH | |
| 33 |
Enzyme Finance MLN | Ethereum | -1.23% | 3.73% | $ 85.396M | 1.191K BTC | 23.299K ETH | |
| 34 |
Belt Finance BELT | Binance | 0.00% | 0.00% | $ 74.967M | 1.045K BTC | 20.453K ETH | |
| 35 |
Alpha Finance ALPHA | Multi-Chain | 0.00% | 0.00% | $ 71.578M | 998 BTC | 19.529K ETH | |
| 36 |
ApeSwap BANANA | Multi-Chain | 0.00% | 0.00% | $ 61.966M | 864 BTC | 16.906K ETH | |
| 37 |
Pangolin PNG | Avalanche | 0.00% | 0.00% | $ 60.172M | 839 BTC | 16.417K ETH | |
| 38 |
Frax FXS | Ethereum | 3.60% | 10.92% | $ 59.269M | 827 BTC | 16.171K ETH | |
| 39 |
Parrot Protocol PAI | Solana | 0.00% | 0.00% | $ 51.758M | 722 BTC | 14.121K ETH | |
| 40 |
Kava KAVA | Kava | -0.69% | 4.22% | $ 50.612M | 706 BTC | 13.809K ETH | |
| 41 |
AnySwap ANY | Multi-Chain | 0.35% | 4.45% | $ 46.616M | 650 BTC | 12.718K ETH | |
| 42 |
Secret Bridge | Secret | 0.00% | 0.00% | $ 44.881M | 626 BTC | 12.245K ETH | |
| 43 |
MoneyOnChain MOC | RSK | -0.63% | 6.14% | $ 41.310M | 576 BTC | 11.271K ETH | |
| 44 |
Snowball SNOB | Avalanche | 0.00% | 0.00% | $ 40.207M | 561 BTC | 10.970K ETH | |
| 45 |
dYdX | Ethereum | -0.21% | 0.49% | $ 39.473M | 550 BTC | 10.770K ETH | |
| 46 |
Fuse FUSE | Ethereum | 0.00% | 0.00% | $ 38.342M | 535 BTC | 10.461K ETH | |
| 47 |
Vesper VSP | Ethereum | -1.10% | 3.66% | $ 36.846M | 514 BTC | 10.053K ETH | |
| 48 |
Alpaca Finance ALPACA | Binance | -0.18% | 4.40% | $ 32.351M | 451 BTC | 8.826K ETH | |
| 49 |
Alchemix ALCX | Ethereum | -2.00% | 4.25% | $ 30.554M | 426 BTC | 8.336K ETH | |
| 50 |
dHEDGE DHT | Ethereum | 0.03% | 0.07% | $ 25.247M | 352 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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