Significant Growth in Total Value Locked in Cryptocurrency Projects

The total value locked (TVL) in multiple cryptocurrency projects has achieved significant growth. A research document published by Phoenix Group uses data from DeFiLlama to present the top projects based on their TVL weekly growth performance. TrueFi (TRU) stands out as the leading project with a $260.2k increase in its TVL, representing a 424% surge, surpassing other projects in terms of locked value.

> TOP PROJECTS BY WEEKLY #TVL GROWTH $TRU, $MINT, $MPL, $ZRC, $NOTE, $EUL, $VELO, $LVL, $ERN, $LON, $IDLE, $PUFFER, $BLUE, $CPOOL, $BMX
> — PHOENIX – Crypto News & Analytics (@pnxgrp) March 9, 2025

Three DeFi projects—Mint ($MINT), Maple ($MPL), and Zircuit ($ZRC)—also experienced significant TVL growth following TrueFi. Mint holds $1.5 million, while Maple secures $454.4 million and Zircuit maintains a TVL of $890.8 million. This increasing TVL indicates that decentralized finance (DeFi) markets are gaining more investor trust and experiencing more activity.

Notable Projects Experiencing TVL Expansion

Three DeFi protocols—Note ($NOTE), Euler ($EUL), and Velodrome ($VELO)—show substantial TVL growth, resulting in value increases of $13.5 million, $377.1 million, and $66.7 million, respectively. The various DeFi platforms listed point to the growing popularity of decentralized financial applications across the market.

The TVL figures from Level ($LVL), Earn Network ($ERN), and Tokenlon ($LON) reached $87.7 million, $3.2 million, and $1.1 million, respectively. The multiprotocol growth across different platforms reflects the diverse characteristics of the DeFi sector, as multiple protocols are gaining traction simultaneously.

Market Capitalization and Investor Confidence

The major increase in TVL demonstrates growing liquidity and project participation levels, which both stem from market confidence and shifting market dynamics. The amount of token value locked within a protocol indicates increased protocol usage alongside user trust, leading to enhanced development and an expanding ecosystem.

$IDLE, $PUFFER, along with $BLUE and $CPOOL, have reported successive TVL growth reaching $51.1 million and $172.3 million, respectively. These ongoing market trends currently shape the DeFi landscape, drawing more capital inflows, which enhances decentralized financial networks.