Top DeFi Projects Experience TVL Decline This Week

This week saw a slight decline in the DeFi sector with prominent projects witnessing a decrease in their total value locked. According to the data from DappRadar, the prominent DeFi projects in terms of TVL during the past seven days take into account LIDO, Aave V3 EigenLayer, Maker DAO, along Rocket Pool. These projects have seen a dip in the recent week.

LIDO Sees 10.82% Decline from Its TVL in the Previous Week

As per DappRadar, LIDO witnessed the top spot with a substantial total value locked of up to $28.47 billion. This figure shows a slump of 10.82% from the $32.11B of the week before this. Following that, Aave V3 also maintained its 2^nd position. It saw a total value locked of $9.97 billion. The respective figure also signifies a plunge of approximately 9.36% from the previous week’s 11.08B.

The Top DeFi Projects Maintain Their Positions in TVL with Slight Slumps

The 3^rd place was occupied by EigenLayer this week in terms of total value locked. The DeFi project recorded a TVL of nearly $8.69 billion. This amount expresses a dip of up to 6.59% from the previous week. After that, Maker DAO has seen the 4^th place among the DeFi projects when it comes to TVL. It reportedly saw a total value locked of $5.05 billion.

DappRadar’s data discloses a 7.85% decrease from its TVL of up to $5.49B a week before. Rocket Pool recorded a total value locked of $3.53 billion at the 5^th position. Its TVL of this week shows an 11.31% decline from the previous week’s TVL of $5.49B