In the latest market data, several crypto projects have shown substantial Total Value Locked (TVL) growth over the past week. According to data released on October 13, 2024, by Phoenix Group, PSTAKE leads with a notable TVL increase of 57.3%. Closely following is MOVE, which posted a 54.5% surge in TVL. Both projects have demonstrated strong market activity, contributing to their rapid growth.
Notable Crypto Gains Across Multiple Projects
Apart from PSTAKE, various other projects also saw increases in TVL. NEST and TURBOS, for instance, both reported over 30% growth in TVL, with NEST up by 32.8% and TURBOS climbing by 30.7%. These projects have maintained solid market caps and are now attracting more attention from investors and traders.
Other tokens that have gained traction this week include CETUS and EUL. CETUS experienced a growth rate of 26.1%, while EUL saw a 19.5% increase. NOTE also joined the ranks of projects experiencing steady expansion, posting a 17.2% rise in TVL. The TVL growth among these projects reflects increased activity within the crypto ecosystem as more users engage with DeFi applications.
New Opportunities in Emerging Projects
SILO, JOE, and RAY also demonstrated considerable growth in TVL. SILO showed a 15.3% increase, while JOE and RAY followed closely with TVL growth of 14.6% and 13.9%, respectively. The performance of these projects highlights opportunities in emerging markets where investors can explore new financial ecosystems.
As the overall market shows a rise in TVL, additional tokens like KLIMA, CPOOL, and THL also contributed to the upward trend. KLIMA posted an increase of 12.7%, CPOOL grew by 10.2%, and THL registered a 9.4% rise in TVL. This trend points to a broader positive shift within the crypto market, with increased liquidity and participation across various platforms.
Source: https://blockchainreporter.net/top-crypto-projects-by-weekly-tvl-growth-pstake-leading-the-pack/