Top DeFi Projects Show Remarkable TVL Growth Amid Market Volatility

The decentralized finance (DeFi) sector keeps displaying resilience, with many projects witnessing noteworthy growth in their Total Value Locked despite the wider market’s volatility. Phoenix, a well-known crypto analytics platform, has shared the list of the top DeFi projects in terms of weekly TVL growth, including $CGPT, $TRU, $AMU, $DF, $MOVE, $KP3R, $NOTE, $NEST, $THL, and $CETUS. The analytics provider disclosed the list on its official social media account.

TOP PROJECTS BY WEEKLY #TVL GROWTH$CGPT $TRU $AMU $DF $MOVE #KP3R $NOTE $NEST $THL $CETUS $NAVX $RAY $TOKE $TURBOS $AERO pic.twitter.com/OUGOWy5AN0

— PHOENIX – Crypto News & Analytics (@pnxgrp) October 6, 2024

$CGPT Dominates the Top DeFi Projects Based on Weekly TVL Growth

In line with the statistics that Phoenix provided, $CGPT leads the market with a remarkable 290% weekly spike in TVL. Hence the current TVL of the project is $99.6K. However, it has a market capitalization of $114M. The 2nd project on the list is $TRU which has a TVL reaching $175.0K with a 165% weekly jump. The market capitalization of $TRU is nearly $104.6M.

$AMU stands in the 3rd place with its TVL touching $1.6M, showing a 65% increase over the week. The current TVL of the project is almost $3.7M. The 4th name in the list is $DF which has seen a 55.6% weekly surge in its TVL. As a result of this, its TVL has touched $2.1M while the market capitalization of $DF moves around $21.3M. $MOVE gets the 5th spot with $4.7M in its TVL. This indicates a 53.6% increase over the week while it has a market capitalization of up to $9.5M.

The list moves on to include $KP3R as the 6th project with its TVL touching $10.5M. Thus, the total value locked of the project has jumped by approximately 32.6% over the week. $NOTE secures the 7th rank in the list as its TVL has reached $18.4M, displaying a 13.2% weekly increase. Its market capitalization has reportedly touched $2.5M.

$CETUS Bottoms the List with a Weekly Growth of 9.3% in TVL

Subsequently, the 8th player in the list is $NEST with a TVL of almost $841.3K and a market capitalization of $4.6M. The project’s TVL has seen a weekly rise of 12.1%. $THL stands in the 9th place with a 10.1% spike in its TVL that has touched $199.9M while its market capitalization is $23.7M. The last entry in the list is $CETUS with a TVL of $180.1M, displaying a 9.3% jump, while the market capitalization thereof touches $48.6M.

Source