In a fast-growing DeFi market, month-to-month TVL progress has turn out to be a vital metric for understanding the evaluation of a challenge’s success. Based on Phoenix Group, prime DeFi tasks according to month-to-month TVL progress embrace $SOLV, $CFG, DEAI, and so forth. The on-chain analytics platform offered the listing of those tasks on its official X account.
TOP PROJECTS BY MONTHLY #TVL GROWTH$SOLV $BB $CFG $FOX $DEAI $GNS $MPL $PSTAKE $EUL $IDLE $FLIP $EQB $LISTA $RAY $ORDER pic.twitter.com/ja4OT6aMLp
– PHOENIX – Crypto Information & Evaluation (@pnxgrp) November 3, 2024
$SOLV dominates the distinguished DeFi tasks when it comes to month-to-month progress in TVL
$SOLV has emerged as a number one participant among the many distinguished DeFi tasks when it comes to month-to-month progress in TVL. It has witnessed a rise of as much as 256% within the complete worth recorded in the course of the month. Due to this fact, the TVL has reached $897.1 million. After this $BB will get the twoi.e place with a progress of 220% in TVL in the course of the month. This has elevated the challenge’s TVL to nearly $14.1 million. Moreover, $BB has a market capitalization of $98.1 million.
Then $CFG obtains the threerd place within the listing with a 137% month-to-month change in complete worth locked. This offers it a major TVL of $1.2 million, aside from a market cap of $98.0 million. Then $FOX occupies the 4e place within the listing with a 108% improve in TVL. Consistent with this, the entire locked worth has reached $35.3K, whereas the market cap stands at $34.9M.
The 5e challenge within the listing is $DEAI, witnessing a TVL change of 103% in the course of the month. Moreover, the corporate sees a market cap of $62.7 million and a complete worth of $12.5 million. $GNS occupies the 6e ranks first as TVL has grown 88.2% over the previous 30 days. With this, the TVL has reached $27.8 million, together with a market capitalization of $52.8 million. The 7e participant is $MPL, as TVL is up 76.1% to $172.8 million, aside from a market cap of virtually $159.6 million.
$IDLE comes final with a month-to-month TVL improve of 42.7%
The listing continues to incorporate $PSTAKE because the 8e challenge with a month-to-month TVL progress of 74.2%. This brings its TVL to $11.5 million, whereas its market cap is $18.1 million. The 9e challenge prices $EUL, with a TVL of roughly $8.7 million, exhibiting a month-to-month progress of 43.9%. The tene The entry on the listing is $IDLE, which has seen month-to-month TVL progress of 42.7%, bringing the determine to $9.1 million