Monthly TVL Growth in Crypto Projects

In the quickly evolving virtual currency market, monthly TVL (Total Value Locked) growth has remained a paramount tool for understanding the health of various crypto projects. Today, market analyst Phoenix Group released new data showing the top crypto projects by monthly TVL growth.

Leading Crypto Projects by TVL

Ethena (ENA)

Ethena tops the list with a 68.2% increase in TVL, bringing its total to $9.1 billion. This surge reflects heightened investor confidence in its ecosystem.

Tokenlon (LON)

Tokenlon claims the second spot with a 62.9% surge, resulting in $2.2 million locked in its network, likely due to its innovative offerings.

Centrifuge (CFG)

Centrifuge ranks third with a 56.2% increase, indicating active investment as users seek yield opportunities within its platform.

Resolv (RESOLV)

Resolv is fourth with a 53.8% TVL increase, pointing to growing investor enthusiasm and engagement with the network.

Notional Finance (NOTE)

Notional Finance follows in fifth place with a 51.8% increase, showing an influx of capital into its protocol.

Other Top Performers

Other notable projects include Railgun (RAIL) with a 47.8% increase, Blur (BLUR) at 46.0%, Pendle (PENDLE) with 44.7%, Stellar (XLM) with 39.4%, and EigenLayer at 38.6%.

In this competitive crypto landscape, these projects have emerged as significant players, attracting substantial amounts of assets into their networks.