Top DeFi Protocols with Rising TVL: Insights & Analysis
In the dynamic world of decentralized finance, certain protocols are making waves with significant Total Value Locked (TVL) growth. Here's a closer look at some of the fastest-growing protocols boasting a TVL of over $25 million.
The @stusdt protocol, despite being surrounded by controversy, is witnessing substantial engagement. It offers users the option to stake $USDT on Tron and earn yields potentially from T-Bills. There are speculations that Justin Sun redirects the staked USDT into JustLend, which could be the source of the yield. Regardless of these rumors, the protocol has an impressive $1.78 billion in TVL.
On the other hand, @OndoFinance is making a mark as a T-Bill tokenization protocol. It holds the title of being the largest Ethereum-based T-Bill issuer. Its TVL of $200 million has seen only upward movement since its inception.
Solana's original decentralized exchange, @orca_so, is also noteworthy. With a resurgence in DeFi activities on Solana, the TVL for this protocol is on the rise, primarily driven by Liquid Staking protocols such as Marinade and Jito. With a current TVL of $43 million, there's potential for even more growth, especially if the newer DeFi entities decide to launch native tokens.
Filecoin's recent decision to enable Liquid Staking for $FIL has led to a competitive environment among various protocols, and @glifio has emerged as a frontrunner. It's experiencing a swift rise in TVL since its inception and currently holds a promising $35 million.
A special mention goes to @DefiLlama for providing the insightful data that sheds light on these protocols' performance. Furthermore, a heartfelt acknowledgment to the following individuals for their invaluable insights and guidance in the DeFi realm: @0xRemiss, @0xMughal, @arndxt_xo, @rektdiomedes, @Dynamo_Patrick, @crypto_linn, @CryptoShiro_, @TheDeFISaint, @TheDeFinvestor, @0xJok9r, @CryptoGideon_, @iambullsworth, @joel_john95, @hrojantorse, @Deebs_DeFi, @hmalviya9, and @AirdropAlertAAD. Their expertise and understanding have been instrumental in navigating this complex yet rewarding landscape.
Top DeFi Protocols with Rising TVL: Insights & Analysis
In the dynamic world of decentralized finance, certain protocols are making waves with significant Total Value Locked (TVL) growth. Here's a closer look at some of the fastest-growing protocols boasting a TVL of over $25 million.
The @stusdt protocol, despite being surrounded by controversy, is witnessing substantial engagement. It offers users the option to stake $USDT on Tron and earn yields potentially from T-Bills. There are speculations that Justin Sun redirects the staked USDT into JustLend, which could be the source of the yield. Regardless of these rumors, the protocol has an impressive $1.78 billion in TVL.
On the other hand, @OndoFinance is making a mark as a T-Bill tokenization protocol. It holds the title of being the largest Ethereum-based T-Bill issuer. Its TVL of $200 million has seen only upward movement since its inception.
Solana's original decentralized exchange, @orca_so, is also noteworthy. With a resurgence in DeFi activities on Solana, the TVL for this protocol is on the rise, primarily driven by Liquid Staking protocols such as Marinade and Jito. With a current TVL of $43 million, there's potential for even more growth, especially if the newer DeFi entities decide to launch native tokens.
Filecoin's recent decision to enable Liquid Staking for $FIL has led to a competitive environment among various protocols, and @glifio has emerged as a frontrunner. It's experiencing a swift rise in TVL since its inception and currently holds a promising $35 million.
A special mention goes to @DefiLlama for providing the insightful data that sheds light on these protocols' performance. Furthermore, a heartfelt acknowledgment to the following individuals for their invaluable insights and guidance in the DeFi realm: @0xRemiss, @0xMughal, @arndxt_xo, @rektdiomedes, @Dynamo_Patrick, @crypto_linn, @CryptoShiro_, @TheDeFISaint, @TheDeFinvestor, @0xJok9r, @CryptoGideon_, @iambullsworth, @joel_john95, @hrojantorse, @Deebs_DeFi, @hmalviya9, and @AirdropAlertAAD. Their expertise and understanding have been instrumental in navigating this complex yet rewarding landscape.
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Top DeFi Protocols with Rising TVL: Insights & Analysis
Oct 13, 2023
Top DeFi Protocols with Rising TVL: Insights & Analysis
Oct 13, 2023