Chapter 14
Top Ten DeFi Applications
IN THIS CHAPTER
Presenting the ten most used DeFi applications
Examining use cases of the most popular dApps
DeFi activity has exploded in recent years, and in this chapter I cover the top ten dApps by total value locked (TVL), as shown in Figure 14-1. As discussed in Chapter 2, the TVL provides a better sense of the actual usage of a given dApp than metrics such as the total market cap or trading volume of the dApp’s associated governance token.
You’ll notice most of the dApps on this top ten list operate on Ethereum. You’ll also notice that dApps running on Ethereum are often deployed on other EVM-compatible platforms as well. If you’ve gone through the instructional guides in both Chapters 11 and 12, you’ve experienced firsthand the ease of deploying a smart contract on any EVM-compatible platform after you’ve done so on Ethereum. Behold the flexibility and power of EVM compatibility!
As you flip through this chapter, keep in mind that the metrics presented are from August 1, 2022.
FIGURE 14-1: The top ten DeFi protocols by TVL from the DefiLlama ...
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