DeFi Pulse - Decentralized Finance Leaderboard

evo

Site Admin
Joined
Apr 2017
DeFi Pulse is a great resource showcasing the different decentralized finance projects on the Ethereum network. At the moment, most DeFi projects are on the Ethereum network. Bitcoin has to be wrapped in order to be used on the ERC20 blockchain, and Binance Coin, Cardano, and Polkadot are just getting started with DeFi.

The overall DeFi Pulse decentralized finance leaderboard separates projects into the following categories:
  • Lending
  • Decentralized Exchanges (DEXs)
  • Derivatives
  • Payments
  • Assets
Website: defipulse.com

Purpose of DeFi Pulse
DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols.

Understanding Total Value Locked (TVL)
DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD.

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