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This week has experienced a noteworthy change in the DeFi sector in terms of the highest total value-locked growth. As per the data from Tyrano Analytics (a prominent DeFi analytics provider), ICPSwap, MARSWAP, Mint Club, Bluewhale, and Kinetic took the top positions among the DeFi projects in the case of total value-locked growth.
ICPSwap Dominates Top DeFi Projects in Terms of TVL Growth with an 1156% Spike
According to Tyrano Analytics, ICPSwap witnessed a significant TVL of up to $65.04 million this week. In this respect, the DeFi project made a more than 1156% jump. Hence, ICPSwap effectively obtained the 1st position among the prominent DeFi projects. Following that, MARSWAP took the 2nd spot with a total value locked of nearly $212,263 worth. The DeFi project reportedly experienced a spike of almost 286%.
In line with the statistics from Tyrano Analytics, Mint Club remained successful in getting 3rd place in this list. Thus, the DeFi project saw its total value locked reaching $1.66 million this week. To touch this mark, Mint Club reportedly jumped by a huge 182 percent. After that, Bluewhale stood in fourth place with a substantial increase in its total value locked.
Bluewhale Sees 114% TVL Growth This Week
It witnessed a TVL of up to $182,598 worth during these seven days. In addition to this, the next position was seized by another well-known DeFi project going by Kinetic. As per Tyrano Analytics’ data, the DeFi project beheld $5.25 million in terms of its total value locked. This figure displays an upsurge of up to 102% this week.