Flamingo Finance ($FLM) has emerged as the leader among DeFi protocols in terms of total value locked (TVL), boasting a 153% increase according to data from Phoenix Group and DeFiLlama.
Flamingo Finance Results
Flamingo Finance recorded a 153% increase in TVL, translating to $15.2 million in locked assets with a market cap of $16.5 million.
Moderate Growth in Other Protocols
$SOLV and $NOTE also demonstrated significant gains, with TVL up by 51.8% and 45.2%, respectively. $SOLV currently stands at $1.1 billion, while $NOTE reached $10 million.
Gradual Growth Among Lower-Ranked Protocols
Other protocols, including $HYPE and $CHESS, recorded moderate weekly increases of 21.2% and 19.8%, while $BLUE, $PENDLE, and $LON exhibited growth rates ranging from 11.4% to 15.4%. These metrics reflect a steady uptick in activity across these protocols.
Overall, a steady growth trend is observed in the DeFi sector, with leading projects like Flamingo Finance setting the pace for the overall increase in locked assets.
