zkSync Era: Top 10 Protocols by TVL

zkSync Era, a prominent Ethereum-focused layer 2 scaling solution, keeps on gaining traction, especially within the decentralized finance (DeFi) ecosystem. Top 7 ICO, a well-known crypto analytics platform, has recently shared the list of the chief ten zkSync Era-based protocols according to their total value locked (TVL).

Leading Protocols by TVL on zkSync Era

Based on data provided by DeFiLlama, the Top 10 ICO has placed SyncSwap in the first position. The DEX protocol’s total value locked has reached the $23.6M mark with a decline of 3.1% over the recent 30 days. Following that, Uniswap (UNI) secured the second place in the list with a total value locked of up to $7.63M, showing a jump of nearly 18.9% during the same time.

TVL Growth and Decline Among Protocols

Koi Finance (KOI) has occupied the third spot in the list. The DEX protocol’s TVL has reportedly touched $6.77M, indicating a decline of nearly 11.9%. After that, zkSwap (ZF) witnessed a total value locked of $5.64M, obtaining the fourth position. The protocol has experienced an 8.63% dip in its TVL over the past thirty days. PancakeSwap (CAKE) is in the fifth spot with a TVL of approximately $5.14 million, marking a significant jump of 24.6% during the last thirty days. Additionally, Maverick (MAV) has reported a $3.28M TVL.

Completing the Top 10 List

The seventh entry in this list is Satori Prep with a TVL of $3.27M, accounting for a 28.2% increase over the last thirty days. Holdstation (HOLD) has reached $2.95 million in TVL, placing the derivatives protocol at the eighth rank with a 3.39% decline over the last month. ZeroLend (ZERO) has seized the ninth position with $2.54M in TVL, highlighting a 25% decrease. Completing the top 10 list is ReactorFusion (RF), with its TVL touching $2.49M and a 5.31% decline.

Overall, the list indicates the diversity and dynamism of the DeFi market on the zkSync Era platform, despite fluctuations in the total value locked of these protocols.