The decentralized finance realm continues expressing resilient activity with many projects showing noteworthy Total Value Locked. In this respect, Lido, Aave V3, EigenLayer, MakkerDAO, and other such projects have reportedly made significant TVL during the past seven days. The statistics point out that Lido dominated the DeFi sector with the maximum TVL among the other projects.
Top DeFi Projects Recording Maximum TVL This Week
TVL plays the role of a crucial metric to assess the trust and popularity of the DeFi protocols. This metric reflects the amount of capital that the respective platforms hold. In the case of Lido, the company reached a TVL of up to $30.94 billion, denoting a 3.61% jump. The prestigious status of Lido in the staking world, specifically with Ethereum, increases its TVL. Aave V3 witnessed $10.38B in terms of TVL during these seven days.
Overall Protocols See Remarkable Growth Except for a Few
This figure shows a huge rise of nearly 5.43%. The well-known protocol keeps attracting consumers with its advanced features and effective liquidity pools. EigenLayer occupies the 3rd position with a total value locked of $8.69B. Even then, it went through a 6.59% drop. MakerDAO stands at the 4th spot with a substantial amount of $5.42B in TVL. It recorded a slight slump of 0.63%.
Rocket Pool experienced a TVL of approximately $3.9 billion. This figure represents a rise of 4.42%. Summer.fi rose by 4.42% in its total value locked to reach $3.47B. Uniswap V3 saw $2.89B in TVL with a growth of 2.71% Instadapp’s TVL touched $2.38B in this period. On the other hand, Uniswap V2 recorded a 4.95% decline, placing its TVL at $2.33B. Compound took the 10th position in the list with a TVL of almost $2.1B with a 10.89% dip.
Read the full article here
