The DeFi sector has reportedly seen a decline in terms of total value locked. As per the data on DappRadar, a prominent DeFi tracker, the top-performing DeFi projects of this week include LIDO, Aave V3, EigenLayer, Maker DAO, and Rocket Pool based on TVL.
LIDO Dominates the DeFi Realm in Terms of TVL This Week
LIDO maintained its position at the top DeFi platform in the case of total value locked. The data revealed that LIDO witnessed a total value locked of up to $25.75 billion. This figure shows a huge plunge of 9.53% over the recent 7 days. On the other hand, the TVL of LIDO was standing at $28.47 billion a week ago. Following that, Aave V3 also upheld its 2nd spot nonetheless witnessing a slight decline in TVL.
Aave V3 saw $9.86B in its total value locked with a slump of up to 1.1% over this week, maintaining its 3rd place. The DeFi project had a TVL of nearly $9.97 billion in the previous week. EigenLayer reportedly saw a total value locked of approximately $8.69 billion, indicating a 6.59% during this week. Maker DAO’s total value locked has reached nearly $4.82 billion in the recent seven days.
Rocket Pool’s TVL Dips by 8.69% in Comparison with the Previous Week
In this respect, the DeFi project has incurred a loss of 4.63% in its TVL over the week. In the previous week, its TVL was up to $5.05 billion. Statistics from DappRadar reveal that Rocket Pool’s total value locked has touched 3.22 billion, seeing an 8.69% decline. Contrarily, it had a TVL of $5.49 billion in the previous week.