- RARE saw a 335% increase in TVL reaching $4.6 million leading the weekly growth rankings.
- MINT and AURA followed RARE with TVL increases of 93.9% and 92.4% respectively.
- JUP and KSP also made essential gains highlighting the dynamic nature of the crypto market.
RARE has taken the lead among crypto projects for the highest weekly growth in total value locked (TVL). Phoenix Group, a crypto analytics platform, reported that RARE saw a significant 335% increase, bringing its TVL to $4.6 million. This strong growth positions RARE as a major player in the competitive crypto market.
Top Performers in Weekly TVL Growth
Alongside RARE, MINT achieved a 93.9% increase in TVL, raising its total to $2.3 million. This performance secured MINT the second spot on the list. AURA followed with a 92.4% rise, bringing its TVL to $355.4 million, placing it third. These projects have shown strong growth, solidifying their positions in the market.
TOP PROJECTS BY WEEKLY #TVL GROWTH$CTX $JTO $JUP $PRIME $MNDE $GNS $ALEX $PHB $BLZE $STON pic.twitter.com/ClQeWTN57J
— PHOENIX – Crypto News & Analytics (@pnxgrp) July 28, 2024
JUP ranked fourth with a TVL of $1.0 billion, reflecting a 51.0% weekly growth. This increase highlights JUP’s solid market presence. KSP took fifth place with a 28.4% rise, bringing its TVL to $24.6 million. These top projects show the fast-paced and dynamic nature of the crypto industry.
Consistent Growth Among Other Contenders
SCA came in sixth with a 25.5% increase in TVL, now totaling $112.0 M. ASTRO followed in seventh place with a TVL of $29.2 million, marking a 23.3% weekly rise. SAKAI came in the eighth place with 21.0% rise in revenue, reaching a TVL of $11.7 M. These projects have continually performed well, adding to the overall growth of the crypto ecosystem.
BETA and TRU Close the List
BETA and TRU rounded out the top ten in Phoenix Group’s report. BETA, with a TVL of $2.7 M, saw a 15.9% increase, placing it ninth. TRU, with a TVL of $4.1 million, recorded a 15.5% rise, securing the tenth spot. Though lower on the list, these projects continue to grow steadily, maintaining their relevance in the evolving market.
The consistent weekly growth among these crypto projects raises an important question: Can they keep this momentum in the long term? Their success will likely depend on their ability to adapt to market changes and attract continued investment.
