DeFiLlama, the largest data aggregator and dashboard for Decentralized Finance (DeFi), has revealed the ranking list of Top Projects by weekly TVL Growth. Total Value Locked (TVL) indicates the total dollar value of cryptocurrency assets locked within a certain decentralized finance (DeFi) protocol. Stakee ($Stakee) stands at the leading position with $35.3M in TVL, after getting the change of +89.7%, in the list of other top projects over the previous 7 days.
Additionally, Fully Homomorphic Encryption ($FHE) is the runner-up in this race with $466.7K in TVL, with increases of +77.9% along with a Market Cap of $9.3M. The difference between these projects is about 11.8% in terms of weekly change. Phoenix has released this news through its official X account after collecting data from different platforms.
STON.fi and Beethoven X Showcase Explosive Growth in DeFi Markets
STON.fi ($STON) and Beethoven X ($BEETS) got third and fourth position with $42.0M after getting +67.7% increase and 27.3M with +58.2% increase in value, in TVL. $STON has a Market Cap of $33.6M. These two Projects show a massive difference in terms of TVL, about 14.7M.
Similarly, EVAA Protocol ($EVAA) stands with 17.4M with a change of 51.7% in TVL, and has a Market Cap of $4.7M. BTW ($BTW) at a new value of 47.0M after getting an increase of +37.9% in TVL, having a Market Cap of $30.5M.
Moreover, more projects are fighting to survive in this list over the past week. In this Storm Trade ($STORM), BIO Protocol ($BIO), and Euler Finance ($EUL) gained $8.1M with an increase of +32.5%, $6.3M with an increase of +25.3%, and $43.3M after getting a +20.5% increase in TVL, respectively. These three crypto coins have a middle position in the given list of Top projects over the past week. They have a market cap of $2.5M, $99.4M, and $34.6M, respectively.
Hyperliquid and Dolomite Drive TVL Growth in Competitive DeFi Landscape
Tradoor ($TRADOOR), Hyperlane ($HYPER), and Folks Finance ($FOLKS) observed huge divergence among them, both in terms of TVL and Market Cap. $TRADOOR has a new value of $700.0K after getting +20.1% increases in its value over the past week and holds a Market Cap of $10.6M. In the same way, $HYPER gained a TVL of $128.3M, with a Market Cap of $36.9M, and gained this value after the increase of +13.9%. $FOLKS holds a Market Cap of $23.0M, and rose with a new value of $78.6M in TVL after a +13.9% increase.
In addition, Hyperliquid Protocol Layer ($HPL) and LeverUp ($LV) got third last and second last position, respectively. In this list, $HPL and $LV gained a hype of +13.4% and +13.3% in TVL value and emerged with a new value of $390.7M and $2.3M with Market Cap of $4.4M and $5.6M, respectively. Last but not least, Dolomite ($DOLO) has a new value of $166.4M in TVL after getting an increase of +12.4% with a market cap of $16.0M.
