Top DeFi Projects Based on Total Value Locked: LIDO Leads the Pack with $27.1B

The DeFi sector has seen a significant shift this week. As per the data from DappRadar the top DeFi projects based on the total value locked take into account LIDO, Aave V3, EigenLayer, Maker DAO, and Rocket Pool. The data reveals that a substantial jump has taken place in the TVL of these projects.

LIDO Leads the DeFi Sector with the Highest TVL This Week

LIDO dominates the DeFi market with a total value locked of $27.1 billion. The respective figure reportedly accounts for a 5.86% growth in the TVL of LIDO over this week. Last week, ICPSwap topped the DeFi sector based on TVL. Aave V3 has taken the 2^nd place in the list with a TVL of nearly $10.51 billion. In this respect, the DeFi project experienced a huge jump of 7.32 in its total value locked this week.

Subsequently, EigenLayer secured the 3^rd position in the case of TVL among the DeFi projects. The total value locked of EigenLayer has reportedly touched $8.69 billion. This amount accounts for a decline of almost 6.59% over the recent seven days. Following that, Maker DAO occupies the 4^th place in the above-mentioned list.

Rocket Pool Sees a 7.56% Boost in TVL

According to the statistics from DappRadar, Maker DAO witnessed its TVL reaching $5.07 billion. Hence, the DeFi project experienced a 5.3% spike in total value locked over this week. The 5^th spot in the list is obtained by Rocket Pool as its TVL jumped to $3.44 billion, indicating a 7.56% boost.