Vol.10, No.1, February 2021.                                                                                                                                                                           ISSN: 2217-8309

                                                                                                                                                                                                                        eISSN: 2217-8333


TEM Journal



Association for Information Communication Technology Education and Science

Review of Decentralized Finance Applications and Their Total Value Locked


Viktorija Stepanova, Ingars Eriņš


© 2021 Viktorija Stepanova, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)


Citation Information: TEM Journal. Volume 10, Issue 1, Pages 327-333, ISSN 2217-8309, DOI: 10.18421/TEM101-41, February 2021.


Received: 22 December 2020.

Revised:   04 February 2021.
Accepted: 12 February 2021.
Published: 27 February 2021.




Currently, in the world there is a growing interest in the digital economy including the blockchain technology. Decentralized Finance (DeFi) is one of the leading current blockchain technology-related trends. The paper aims to provide an overview of the opportunities, advantages and shortcomings of this technology, as well as to summarize information on 12 most popular DeFi applications, using Total Value Locked indicators for the period of 34 months.


Keywords: Blockchain, Decentralized Finance, Decentralized Applications, Total Value Locked.



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