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Top Crypto Projects of the Week by TVL Growth According to Phoenix Group

Aug 19, 2024
  1. RARE Leads in Weekly TVL Growth
  2. Other Projects with High TVL Growth
  3. TRU Bottoms the List

Phoenix Group, a prominent platform for analytics about crypto, has recently shared a list of top crypto projects based on weekly growth in total value locked (TVL). The list includes $RARE, $MINT, $AURA, $JUP, $KSP, $SCA, $ASTRO, $SAKAI, $BETA, and $TRU. The analytics firm disclosed the details of the respective projects on its official social media account.

RARE Leads in Weekly TVL Growth

As per Phoenix Group, RARE has dominated the crypto projects in the case of top weekly growth in TVL. The crypto project has a TVL of up to $4.6 million, displaying a massive 335% rise over the week. It precedes MINT, which has a total value locked of nearly $2.3 million worth, with a 93.9% growth in TVL this week.

Other Projects with High TVL Growth

AURA occupies the 3rd place with a total value locked of approximately $355.4 million, denoting a 92.4% weekly growth. JUP holds the 4th position with its TVL reaching $1.0 billion, a 51.0% growth. KSP stands in the 5th position, recording $24.6 million in TVL, jumping by 28.4% in terms of weekly TVL growth. SCA seized the 6th spot with TVL of almost $112.0 million, indicating a 25.5% rise weekly. ASTRO follows with TVL of $29.2 million, having a 23.3% weekly growth. SAKAI holds the 8th position with a TVL of approximately $11.7 million, showing a 21.0% weekly elevation.

TRU Bottoms the List

BETA ranks second to last with a TVL up to $2.7 million, witnessing a 15.9% weekly growth. At the bottom of the list, TRU has a TVL of $4.1 million with a weekly growth of 15.5%.

Phoenix Group regularly analyzes crypto projects, providing detailed reports on their growth. TVL data help investors better understand market dynamics and make informed decisions.

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