Top Crypto Projects By TVL In Optimism Foundation

• The top projects by TVL in the Optimism foundation are nine projects.
• The Total Value Locked in this ecosystem is $458 million.
• The statistics depicts that total value locked has increased to 255%.

The official Twitter account of Crypto Dep has shared the top projects by TVL in Optimism Ecosystem. In simple terms, the total value locked (TVL) indicates the number of assets presently staked in a protocol. Moreover, this value does not indicate the number of outstanding loans; rather, it represents the total amount of underlying supply that is fully secured by a DeFi application.

According to Crypto Dep, the top projects by TVL in Optimism Foundation are nine in total while the value is $458M. Optimism is a low-cost and lightning-fast Layer-2 scaling solution for the Ethereum blockchain. The top projects by TVL are Synthetix, Uniswap, Perpetual, Lyra, Synapse, Stargate, Hop Protocol, ZipSwap, and Curve.

Total Value Locked Is $458 Million

As per the shared data, the top project by TVL is Synthetix where $194M is the Total value locked. The project has a market cap value of $1.07 billion and a trading volume is $84.9 million. The second top project is Uniswap which holds $45.6M as TVL with a market capitalization of $3.44 billion and a $222 million trading volume. 

The following projects are Lyra, Synapse, and  Stargate which are in order according to the TVL. Lyra has $36.6M of TVL, Synapse’s TVL is $35.1M, and Stargate has $34.2M of TVL. Consequently, the market cap values are $19.7M, and $605M respectively while there is no data for Stargate.

However, the following set of projects are Hop Protocol, ZipSwap, and Curve which have TVL of $12.5M, $11.2M, and $10.4M respectively. Thus, these are the top projects by TVL in the Optimism ecosystem, with statistics coming from DeFi Llama. Additionally, the data depicts that TVL has surged over 255% within 8 months.