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Top Blockchain Ecosystems by TVL Leading the Future of DeFi
This page serves as an independent DeFi stats platform. CoinCu brings together data from lots of different crypto apps using APIs and other fancy tech stuff. By doing that, we make it easy for users to get all the info about the DeFi market.
Top Blockchains in Crypto Ranked by TVL
Total Value Locked (TVL) is super important for checking how strong and active blockchain networks are. This page has real-time info on the top blockchains sorted by TVL, so you can see how different projects are doing in categories like DeFi, GameFi, and more.
You can also check out stablecoin market caps, 24-hour trading volumes, and funding amounts to get a full picture of blockchain ecosystems. For added convenience, each project in the list below comes with detailed charts, market analysis, and future price predictions, which will be displayed when you click on a specific coin.
You can also check out stablecoin market caps, 24-hour trading volumes, and funding amounts to get a full picture of blockchain ecosystems. For added convenience, each project in the list below comes with detailed charts, market analysis, and future price predictions, which will be displayed when you click on a specific coin.
Total Value Locked
$481.48 B
-100%
-100%
Stable Coins Market Cap
$933
Volume (24h)
$56.14 B
Total Funding Amount
$95.32 B
| # | Project | Chain | Category | TVL | 1H Change | 1D Change | 7D Change | ||
|---|---|---|---|---|---|---|---|---|---|
|
1 |
|
Lido |
+2 |
Liquid Staking | $17.73 B | + 0.21% | -1.91% | -6.64% |
|
|
2 |
|
AAVE V3 |
+12 |
Lending | $17.21 B | + 1.18% | -0.9% | + 2.06% |
|
|
3 |
|
|
|
Bridge | $10.71 B | + 0.44% | -1.48% | + 2.25% |
|
|
4 |
|
EigenLayer |
|
Restaking | $8.36 B | + 0.8% | -1.31% | -6.96% |
|
|
5 |
|
|
|
Bridge | $5.66 B | + 0.78% | -1.67% | + 2.25% |
|
|
6 |
|
Ethena USDe |
|
Basis Trading | $5.46 B | -0% | -0.03% | + 0.13% |
|
|
7 |
|
Pendle |
+5 |
Yield | $4.65 B | + 0.3% | -0.24% | + 2.95% |
|
|
8 |
|
|
|
Restaking | $4.4 B | + 0.78% | -1.67% | + 1.57% |
|
|
9 |
|
ether.fi Stake |
|
Liquid Restaking | $4.38 B | + 0.7% | -1.2% | -5.25% |
|
|
10 |
|
|
|
Liquid Staking | $3.83 B | + 0.87% | -1.77% | -4.99% |
|
|
11 |
|
JustLend |
|
Lending | $3.24 B | + 1.43% | -3.45% | -6.81% |
|
|
12 |
|
Morpho Blue |
+11 |
Lending | $2.97 B | + 0.3% | + 0.05% | + 1.29% |
|
|
13 |
|
Uniswap V3 |
+28 |
Dexs | $2.77 B | + 0.52% | -2.15% | + 4.05% |
|
|
14 |
|
JustCryptos |
|
Bridge | $2.5 B | + 1.11% | -1.66% | -0.57% |
|
|
15 |
|
|
|
Yield | $2.46 B | + 0.51% | -1.7% | -0.4% |
|
|
16 |
|
Portal |
+21 |
Bridge | $2.44 B | + 1.49% | -2.25% | + 2.44% |
|
|
17 |
|
MakerDAO |
|
CDP | $2.44 B | + 0.98% | -2.05% | -7.79% |
|
|
18 |
|
|
+4 |
Managed Token Pools | $2.29 B | + 0.68% | -1.47% | + 337.3% |
|
|
19 |
|
Hyperliquid Bridge |
|
Bridge | $2.25 B | -0.02% | -0.57% | -9.87% |
|
|
20 |
|
|
|
Lending | $2.22 B | + 0.72% | -2.13% | -6.89% |
|
|
21 |
|
|
|
Bridge | $2.21 B | + 0.56% | -1.67% | + 3.7% |
|
|
22 |
|
Jito |
|
Liquid Staking | $2.1 B | + 1.31% | -6.31% | + 2.14% |
|
|
23 |
|
|
|
Liquid Staking | $1.92 B | + 1% | -1.07% | + 0.68% |
|
|
24 |
|
Compound V3 |
+4 |
Lending | $1.79 B | + 0.04% | -1.29% | + 0.9% |
|
|
25 |
|
|
|
Restaked BTC | $1.65 B | -1.34% | -1.85% | + 4.3% |
|
|
26 |
|
Venus Core Pool |
+5 |
Lending | $1.63 B | + 0.83% | -1.24% | + 4.15% |
|
|
27 |
|
Curve DEX |
+18 |
Dexs | $1.61 B | + 0.19% | -0.26% | -2.42% |
|
|
28 |
|
Kamino Lend |
|
Lending | $1.6 B | + 0.15% | -4.84% | + 1.16% |
|
|
29 |
|
|
|
Bridge | $1.56 B | -0% | + 0.68% | 0% |
|
|
30 |
|
Jupiter Perpetual Exchange |
|
Derivatives | $1.46 B | + 0.07% | -3.88% | -0.29% |
|
|
31 |
|
Maker RWA |
|
RWA | $1.45 B | + 0.02% | + 0.02% | -14.81% |
|
|
32 |
|
Rocket Pool |
|
Liquid Staking | $1.36 B | + 0.93% | -2.01% | -6.37% |
|
|
33 |
|
SolvBTC |
+7 |
Bridge | $1.21 B | + 0.54% | + 3.94% | + 0.6% |
|
|
34 |
|
BlackRock BUIDL |
+2 |
RWA | $1.19 B | 0% | 0% | + 93.61% |
|
|
35 |
|
PancakeSwap AMM |
+6 |
Dexs | $1.17 B | + 1.12% | -1.23% | + 9.28% |
|
|
36 |
|
|
|
Bridge | $1.17 B | -0.02% | -1.44% | + 6.05% |
|
|
37 |
|
Stargate V2 |
+18 |
Cross Chain Bridge | $1.16 B | + 0.42% | -0.58% | -3.87% |
|
|
38 |
|
Raydium AMM |
|
Dexs | $1.12 B | -0.99% | -6.53% | + 0.22% |
|
|
39 |
|
|
+13 |
Liquid Restaking | $1.07 B | + 0.89% | -2.31% | -6.16% |
|
|
40 |
|
Uniswap V2 |
+7 |
Dexs | $1.05 B | -1.48% | -2.53% | -5.49% |
|
|
41 |
|
Sanctum Validator LSTs |
|
Liquid Staking | $1.01 B | + 0.14% | -5.21% | + 14.92% |
|
|
42 |
|
Ondo Finance |
+5 |
RWA | $1 B | + 0% | -0.03% | -0.06% |
|
|
43 |
|
|
|
Restaking | $972.16 M | + 0.81% | -1.43% | -4.39% |
|
|
44 |
|
|
|
Dexs | $954.49 M | -0.63% | -2.92% | -2.64% |
|
|
45 |
|
|
|
Liquid Staking | $900.58 M | -0.5% | -7.83% | + 5.49% |
|
|
46 |
|
|
|
Dexs | $870.8 M | -0.06% | -0.29% | + 0.25% |
|
|
47 |
|
Usual |
|
RWA | $868.24 M | + 0% | -0.01% | -8.76% |
|
|
48 |
|
|
+1 |
RWA | $849.32 M | 0% | -0.01% | -9.35% |
|
|
49 |
|
|
|
Restaked BTC | $841.66 M | + 0.72% | -1.7% | + 5.33% |
|
|
50 |
|
Convex Finance |
+1 |
Yield | $808.4 M | + 0.72% | -0.98% | -0.45% |
| # | Projects | TVL | 1H Change | 1D Change | 7D Change | ||
|---|---|---|---|---|---|---|---|
| No data available in table | |||||||
| # | Project | TVL | 1H Change | 1D Change | 7D Change | ||
|---|---|---|---|---|---|---|---|
| No data available in table | |||||||
What Is Total Value Locked (TVL)?
Total Value Locked is a metric applied to the cryptocurrency market to determine the total U.S. dollar value of digital assets locked, or staked, on a specific blockchain network via DeFi platforms or dApps. A higher TVL seems to add not only security but also value to a project.
How To Calculate TVL?
Total Value Locked (TVL) means the total value of all the assets put into decentralized finance protocols, which serves as a really important way to see how much DeFi platforms are growing and being used. To figure out TVL, you just add up the value of all the cryptocurrencies and stablecoins being used as collateral or to provide liquidity on a specific DeFi platform or app.
DeFi platforms usually share their own TVL numbers. For example, if a platform says it has $1 billion in Ethereum, $1 billion in Bitcoin, and $500 million in Tether locked up, its total TVL would be $2.5 billion. \text{TVL} = $1 \text{ billion (Ethereum)} + $1 \text{ billion (Bitcoin)} + $500 \text{ million (Tether)} = $2.5 \text{ billion}
DeFi platforms usually share their own TVL numbers. For example, if a platform says it has $1 billion in Ethereum, $1 billion in Bitcoin, and $500 million in Tether locked up, its total TVL would be $2.5 billion. \text{TVL} = $1 \text{ billion (Ethereum)} + $1 \text{ billion (Bitcoin)} + $500 \text{ million (Tether)} = $2.5 \text{ billion}
The Backstory of Total Value Locked (TVL)
Back in 2009, the year kicked off with the creation of Bitcoin. The initial concept was all about creating a digital currency that works on a network without any central control.
At first, the focus was on offering alternative currencies, but then in 2015, Ethereum came along and changed the game. The birth of Ethereum introduced smart contracts, which let developers create decentralized apps (dApps) on its network.
Fast forward to 2020-2022, and we saw the rise of Decentralized Finance (DeFi). Loads of dApps popped up, offering all kinds of digital financial services, like lending platforms, that don't rely on banks or brokerages.
offering all kinds of digital financial services, like lending platforms, that don't rely on banks or brokerages. In the DeFi world, you can get loans by putting up your digital assets as collateral, just like a down payment for a mortgage. The thereof process is called "staking," where you lock up your assets on a network. These assets stay in circulation but can't be used by you for a while.
After which, the term "total value locked" (TVL) is born to refer to those idle assets, which measure the value of assets locked in a network and has become a big deal for judging the popularity and potential of DeFi platforms.
At first, the focus was on offering alternative currencies, but then in 2015, Ethereum came along and changed the game. The birth of Ethereum introduced smart contracts, which let developers create decentralized apps (dApps) on its network.
Fast forward to 2020-2022, and we saw the rise of Decentralized Finance (DeFi). Loads of dApps popped up, offering all kinds of digital financial services, like lending platforms, that don't rely on banks or brokerages.
offering all kinds of digital financial services, like lending platforms, that don't rely on banks or brokerages. In the DeFi world, you can get loans by putting up your digital assets as collateral, just like a down payment for a mortgage. The thereof process is called "staking," where you lock up your assets on a network. These assets stay in circulation but can't be used by you for a while.
After which, the term "total value locked" (TVL) is born to refer to those idle assets, which measure the value of assets locked in a network and has become a big deal for judging the popularity and potential of DeFi platforms.
What Does TVL Tell You?
As we mentioned before, TVL (Total Value Locked) is a really important metric, especially for DeFi platforms.
The power of TVL helps investors figure out a few key things:
On the flip side, declining TVL may indicate reduced earning capacity and investor confidence, similar to falling bank deposits impacting a bank's lending ability and income.
The power of TVL helps investors figure out a few key things:
- How risky a particular DeFi platform is
- The potential benefits of investing in the platform
- How secure and trustworthy the platform is seen by other crypto investors
On the flip side, declining TVL may indicate reduced earning capacity and investor confidence, similar to falling bank deposits impacting a bank's lending ability and income.
Is TVL Good To Use?
Total Value Locked (TVL) is a pretty useful metric for the crypto community to gauge interest in cryptocurrency platforms, but it should not be used in isolation. While TVL gives us some good insights, looking at other metrics simultaneously for a full analysis is recommended.
TVL shows us locked assets at a specific time, but it doesn't actually tell us about user activity. A high TVL with low user activity could mean that a few investors hold most of the assets, which could be a warning sign.
Therefore, investors should:
TVL shows us locked assets at a specific time, but it doesn't actually tell us about user activity. A high TVL with low user activity could mean that a few investors hold most of the assets, which could be a warning sign.
Therefore, investors should:
- Check user activity along with TVL
- Dig deeper if there's a big difference between TVL and user engagement
- Make sure to verify the accuracy and timeliness of TVL data from third-party analytics platforms
Common Types of Blockchain You Should Know
There are at least four common types of blockchains as of today: public, private, hybrid and consortium.
1. Public Blockchains
Key features:
Use cases: Cryptocurrency transactions, tokenized asset trading, decentralized finance (DeFi), cross-border payments, decentralized applications (dApps), and governance voting platforms.
- Open and decentralized
- Highly transparent
- Support various applications
- Examples: Ethereum, Bitcoin, Solana
Use cases: Cryptocurrency transactions, tokenized asset trading, decentralized finance (DeFi), cross-border payments, decentralized applications (dApps), and governance voting platforms.
2. Private Blockchains
Key features:
Use cases: Internal corporate functions like logistics, accounting, and secure healthcare record management, and confidential contract execution.
- Limited access
- Enhanced privacy and control
- Centralized governance
- Examples: Quorum, Corda Enterprise
Use cases: Internal corporate functions like logistics, accounting, and secure healthcare record management, and confidential contract execution.
3. Hybrid Blockchains
Key features:
Use cases: Digital identity management, regulatory-compliant financial services, cross-border trade, and enterprise blockchain solutions with selective transparency.
- Customizable access levels
- Balance of decentralization and control
- Examples: Dragonchain, Kadena
Use cases: Digital identity management, regulatory-compliant financial services, cross-border trade, and enterprise blockchain solutions with selective transparency.
4. Consortium Blockchains
Key features:
Use cases: Multi-party supply chain networks, inter-bank payment processing, consortium-based energy trading platforms, and shared medical data networks.
- Shared control among multiple organizations
- Balance between centralized and decentralized models
- Example: Energy Web Chain, VAKT
Use cases: Multi-party supply chain networks, inter-bank payment processing, consortium-based energy trading platforms, and shared medical data networks.
Frequently Asked Questions (FAQs)
Is TVL the same as market cap?
Crypto market cap, calculated by multiplying the current price by total outstanding tokens, represents the total investment at a given time. However, a more revealing metric is the Market Cap to Total Value Locked (mCap/TVL) ratio. This ratio provides insight into long-term investment interest, as a higher TVL typically indicates stronger commitment from investors.
How is TVL by Chain Calculated?
TVL is calculated by summing up the value of all tokens locked in these contracts. This metric serves as an indicator of a blockchain's adoption and perceived security, with higher TVL suggesting greater user confidence and willingness to commit assets to the platform.
How To Identify The Most Popular Blockchain?
The most well-liked blockchain usually depends on how much people and developers use and like it. Things like the number of transactions, the number of dApps made on it, and its market value are usually taken into account. But keep in mind that popularity can change a lot depending on the specific purpose or industry. For example, one blockchain might be popular for money stuff, while another might be the top choice for managing supply chains.
What is 'TVL' and 'aTVL'?
TVL, which stands for Total Value Locked, shows the total amount of assets currently deposited in a DeFi protocol. It gives an idea of how big the protocol is and how much users trust it. On the other hand, aTVL, or Adjusted Total Value Locked, is a modified version of TVL that aims to give a more accurate representation by considering price changes in locked assets over time.
How many blockchains are there now?
According to sources, there are so many different blockchains out there, with over a thousand of them in existence as of 2024.
How many versions of block chain are there?
There are at least four kinds of blockchain networks - public blockchains, private blockchains, consortium blockchains, and hybrid blockchains.
What is the difference between L1 and L2 chains?
L1 blockchains mainly work on improving the base layer itself, which often involves reaching a consensus on updates across the entire network. On the other hand, L2 solutions improve scalability and efficiency without changing the core fundamentals of the existing L1 infrastructure.
How many Layer 1 blockchains are there?
More than 150 layer 1 blockchains are in existence as of 2024.
How many different types of chains are there on the Bitcoin network?
There are two main types of chains on the Bitcoin network. The first one is the main blockchain, also known as the "Bitcoin blockchain," which keeps track of all the transactions and blocks since Bitcoin started. The second type is the "sidechains," which are separate chains that can be used to try out new features or functions without directly affecting the main blockchain. These sidechains are connected to the main blockchain, so they allow for interoperability and innovation.