With the continued progress of decentralized finance (DeFi), it’s essential to know what one of the best protocols are in case of adoption. High 7 ICO, a widely known crypto evaluation platform, not too long ago shared the checklist of distinguished protocols on Ethereum when it comes to whole worth locked (TVL), together with Lido, EigenLayer, Aave, Ether.fi, Maker, Uniswap, Rocket Pool, Ethena and Spark.
High Ethereum protocols by whole worth locked
The overall worth of belongings captured in @ethereum $ETH is roughly $45 billion, in keeping with @DefiLlama. Let’s examine the highest DeFi protocols on the #Ethereum chain towards the present TVL in USD, to guage their adoption scale. pic.twitter.com/nWPk1FMaeI
— TOP 7 ICO | #StandWithUkraine
(@top7ico) October 3, 2024
Lido leads the highest Ethereum protocols when it comes to whole worth locked
Within the High 7 ICOs, Lido tops the checklist with a complete worth of $22.9 billion. Moreover, its market capitalization has reached $921 million. The protocol has witnessed a TVL decline of 6.91% within the final 30 days. The twoi.e protocol within the checklist is EigenLayer with a complete worth of just about $10.6 billion. The protocol’s market cap stands at $638 million with a TVL change of -9.68% over the previous month.
Aave takes the threerd place with a complete worth of just about $9.8 billion. The market cap has reportedly reached the $2.07 billion mark, with a constructive TVL improve of 1.63% over the previous 30 days. As well as, the 4e The place is secured by Ether.fi as its whole worth and market capitalization characterize $5.71 billion and $262 million respectively. Nonetheless, a TVL decline of two.9% was recorded through the month. Maker then occupied the 5e spot within the checklist with a complete locked worth of $5.45 billion. Furthermore, the protocol’s market cap is nearly $1.26 billion, together with a TVL change of -13.2%.
Uniswap is ranked 6e ranks first with a TVL of $3.5 billion, subsequent to a market cap of $4.95 billion. In line with the protocol, the TVL has decreased by 3.28% previously month. Then the 7 adoptede The protocol is Rocket Pool with $2.94 billion in its TVL, aside from a market cap of as much as $200 million. The 30-day TVL change is nearly -6.2%.
Spark is on the backside of the checklist with a TVL of $2.09 billion
Binance ETH Staking obtains the 8e spot with a complete worth of roughly $2.88 billion and a constructive TVL absorption of 12.8%. The 9e The protocol is Ethena as TVL has reportedly reached $2.53 billion with a market cap of $832 million. It has skilled a TVL decline of 6.39%. The final protocol is Spark, with a TVL of $2.09 billion and a decline of -15.1% during the last 30 days.