DeFiLlama, the largest data aggregator and dashboard for decentralized finance (DeFi), has revealed a top list encryption Projects by weekly TVL growth. Total Value Locked (TVL) means the total dollar value of cryptocurrency assets locked within a given decentralized finance (DeFi) protocol.
Altura ($ALU) stands in first place with $10.2M in TVL, having gained a +45.4% change, in the list of other major projects over the past seven days, with market Cap hit: $4.3 million.
Next, SynFutures ($F) came in second in this race with $4.6M in TVL, with increases of +40.2% coupled with a market cap of $20.1M. The difference between these two projects is $5.6 million. It appears that Altura ($ALU) won the tough competition with SynFutures ($F). Phoenix released this news through its official X account after collecting data from various platforms.
$APW and $QUBIC show a significant difference in market cap terms
APWine Finance ($APW) and Qubic ($QUBIC) took third and fourth place with $44.6M after gaining +31.3% and $198.8K increases with a +20.6% increase in value, at TVL, and a market cap of $2.1M and $120.4M, respectively. These two projects show a significant difference in terms of market capitalization, around 118.3 million.
In addition, Centrifuge (CFG) Standing at $1.4B with a 16.4% change in TVL, Rain Protocol (RAIN) has a new value of 4.0M after getting a +10.8% increase in TVL, with a market cap of $78.3M and $4.0B respectively.
Extract weekly DeFi growth momentum and drive it virtually
More projects are struggling to stay on this list over the past week. In this Derivation Protocol ($DRV) and Virtual Financing ($NOTE), it earned $90.4 million, an increase of +8.7%, and $16.1 million, an increase of +6.7%. The market cap of the derivation protocol ($DRV) is $82.4 million.
Spark Protocol ($SPK) and Euler Finance took second and last place with $5.1 billion after getting a 5.1% increase in TVL and $540.2 million after getting a 3.3% increase in TVL, respectively. Spark Protocol ($SPK) and Euler Finance have a market cap of $38.5 million and $20.5 million.
