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.