The decentralized finance (DeFi) sector continues to demonstrate resilience amidst market volatility. Crypto analytics platform Phoenix has revealed a ranking of top DeFi projects based on weekly growth in Total Value Locked (TVL).
$CGPT Leads the Market
According to Phoenix, $CGPT shows a remarkable 290% rise in TVL over the week, reaching $99.6K. The project's market capitalization is $114M. Second on the list is $TRU with a TVL of $175K and a 165% increase, with a market capitalization of $104.6M.
Performance of Other Popular Projects
$AMU ranks third with a 65% increase in TVL over the week, up to $1.6M, with a current TVL of nearly $3.7M. Fourth on the list is $DF with a 55.6% weekly TVL surge, reaching $2.1M, and a market capitalization of $21.3M. $MOVE holds the fifth spot with a TVL of $4.7M, marking a 53.6% increase, and a market capitalization of $9.5M. $KP3R ranks sixth with a TVL of $10.5M and a 32.6% increase. $NOTE takes seventh place with a TVL of $18.4M and a 13.2% increase, with a market capitalization of $2.5M.
End of the List: $CETUS at the Bottom
Eighth on the list is $NEST with a TVL of $841.3K and a market capitalization of $4.6M, seeing a weekly rise of 12.1%. $THL stands ninth with a 10.1% TVL growth to $199.9M, and a market capitalization of $23.7M. The last entry is $CETUS with a TVL of $180.1M, displaying a 9.3% rise, and a market capitalization of $48.6M.
Thus, $CGPT shows a dominating presence in the DeFi projects ranking by weekly TVL growth, presenting strong potential for investors and analysts in a persistent market volatility.
