Throughout the past seven days, the DeFi market has recorded considerable growth when it comes to TVL. Specifically, DOLO, Polymarket, and Polymarket have emerged as the top DeFi projects based on growth in total value locked (TVL). As per the data from Phoenix Group, the other notable DeFi projects of the week include Valantis, Opinion, OGN, RESOLV, BAL, THOR, RAIL, LDO, MORPHO, ONDO, FIS, CORE, and TORN. Hence, this overall growth trajectory shows the growing institutional inflows.
DOLO Stands Atop DeFi Projects with 131% TVL Rise
Particularly, DOLO has emerged as the top DeFi player in terms of 7-day TVL change. In this respect, it has gone through a staggering 131% rise, hitting the $252.7M mark. After that, Polymarket has become the 2nd top DeFi project, with its TVL reaching $339.7M. This indicates an 18.8% increase over the past week. Additionally, Valantis has recorded a 15.7% surge, claiming $146.1M in TVL.
Subsequently, Opinion is the 4th among the week’s key DeFi projects as it has touched the $146.3M in TVL after a 7-day change of nearly 15.2%. Following that, OGN stands at $105.6M, underscoring a 12.2% weekly TVL spike. Along with that, RESOLV and BAL account for 11.8% and 10.9% TVL jump, attaining $548.2M and $288.0M.
The next name on the list is THOR, displaying a 9.7% increase in its TVL over the week. So, its current TVL is $96.7M. Then, RAIL’s TVL sits at $107.M, showing a 9.0% 7-day rise. It precedes LDO, which has gone through an 8.3% expansion, with its present TVL hitting $29.7B. Afterwards, MORPHO has gained the 11th spot while claiming $6.9B after an 8.3% weekly upswing.
TORN Bottoms List with 7.7% Weekly TVL Growth
Phoenix Group’s list of the top weekly DeFi projects adds ONDO in the 12th place as it presents an 8.3% TVL upsurge at $6.2.1B. FIS is the next player, attaining $8.2M led by an 8.0% increase. Moreover, the 14th place is occupied by CORE with an 8.0% TVL leap, touching $2.0M. Ultimately, TORN is the last among the top 15 DeFi projects in line with TVL growth over the week. Therefore, its TVL is reportedly $778.8M after 7.7% weekly climb.
Source: https://blockchainreporter.net/dolo-polymarket-valantis-top-defi-tvl-growth-rankings/