DeFiLlama, the largest data aggregator and dashboard for Decentralized Finance (DeFi), has revealed the list of Top Projects by weekly TVL Growth. Total Value Locked (TVL) means the total dollar value of cryptocurrency assets locked within a certain decentralized finance (DeFi) protocol. Izumi Finance ($IZI) stands at the first position with $5.3M in TVL, after getting the change of +84.4%, in the list of other top projects over the past 7 days, with a market cap of $6.3M.
Simultaneously, SynFutures($F) is the runner-up in this race with $9.9M in TVL, with increases of +60.1% along with a Market Cap of $23.1M. The difference between these two Projects is $4.6M. It shows that Izumi Finance ($IZI) won the tough competition with SynFutures ($F). Phoenix has released this news through its official X account after collecting data from different platforms.
$RIVER and $DAM show a Huge Difference in TVL and Market Cap
River ($RIVER) and Reservoir ($DAM) got third and fourth position with $154.5M after getting +36.4% increase and 88.1M with +13.3% increase in value, in TVL, and having a Market Cap of $82.1M and $3.2B, respectively. These two Projects show a massive difference in terms of TVL, about 66.4M. While moving to Market Cap, the difference got hype to 78.9M.
In the same way, Resolv ($RESOLV) stands with 455.7M with a change of 11.9% in TVL, and Wagmi ($WAGMI) at a new value of 3.1M after getting an increase of +11.7% in TVL, having a Market Cap of $28.2M and $3.7M, respectively.
Moreover, more projects are fighting to survive in this list over the past week. In this Polymarket ($Polymarket), Clearpool ($CPOOL), and Chainflip ($FLIP) gained $309.1M with an increase of +10.3%, $48.7M with an increase of +9.0%, and $12.0M after getting a +8.9% increase in TVL, respectively. These three crypto coins have a middle position in the given list of Top projects over the past week.
$LON, $ORCA and $SEAM Show Diverging Momentum
Tokenlon Network ($LON), Orca ($ORCA), and Seamless ($SEAM) observed with huge divergence among them, both in terms of TVL and Market Cap. $LON has a new value of $1.1M after getting +7.4% increases in its value over the past week and holds a Market Cap of $52.4M.
Simultaneously, $ORCA gained a TVL of $417.8M, with a Market Cap of $63.7M, and gained this value after the increase of +5.9%. $SEAM holds a Market Cap of $4.3M, and rose with a new value of $98.1M in TVL after a +4.8% increase.
In addition, PAX Gold ($PAXG) and Euler ($EUL) got third last and second last position, respectively. In this list, $PAXG and $EUL gained a hype of +3.8% and +2.4% in TVL value and emerged with a new value of $1.5B and $1.0B, with Market Cap of $1.5B and $54.1M, respectively. Last but not least, Aave ($AAVE) has a new value of $33.7B in TVL after getting an increase of +2.4% with a market cap of $2.6B.
