Top Ethereum Protocols Based on TVL: A Comparative Analysis of DeFi Adoption

With the continuous growth of decentralized finance (DeFi), it is critical to know about the top protocols in the case of adoption. Top 7 ICO, a well-known crypto analytics platform, has recently shared the list of prominent protocols on Ethereum in terms of total value locked (TVL), including Lido, EigenLayer, Aave, Ether.fi, Maker, Uniswap, Rocket Pool, Ethena, and Spark.

Top Ethereum Protocols by Total Value Locked

The total value of assets locked in @ethereum $ETH is around $45B, according to @DefiLlama. Let’s compare the top DeFi-protocols on #Ethereum chain by current TVL in USD, in order to evaluate their adoption scale. pic.twitter.com/nWPk1FMaeI

— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) October 3, 2024

Lido Leads the Top Ethereum Protocols in Terms of Total Value Locked

In the Top 7 ICO’s list, Lido tops with a total value locked of $22.9 billion. Additionally, its market capitalization has reached up to $921 million. The protocol has witnessed a 6.91% TVL dip in the recent 30 days. The 2nd protocol in the list is EigenLayer with a its total value locked touching $10.6 billion. The market capitalization of the protocol stands at $638M with a -9.68% TVL change in the last month.

Aave takes the 3rd position with a total value locked of nearly $9.8 billion. Its market capitalization has reportedly reached the $2.07B mark with a positive TVL upturn of 1.63% over the recent 30 days. Moreover, the 4th position is secured by Ether.fi as its total value locked and market capitalization account for $5.71B and $262M respectively. However, it has recorded a 2.9% TVL slump change over the month. Subsequently, Maker has occupied the 5th spot in the list with a total value locked of $5.45B. Moreover, the protocol’s market capitalization is almost $1.26B along with a TVL change of -13.2%.

Uniswap stands on the 6th rank with its TVL amounting to $3.5B in addition to a market capitalization of $4.95B. The protocol has seen a 3.28% TVL decrease change over the last month. Following that, the 7th protocol is Rocket Pool with $2.94B in its TVL apart from a market capitalization of up to $200M. Its 30-day TVL change stands at nearly -6.2%.

Spark Bottoms the List with a TVL of $2.09 Billion

Binance ETH Staking obtains the 8th spot with a total value locked of approximately $2.88B and a positive TVL uptake of 12.8%. The 9th protocol is Ethena as its TVL has reportedly reached $2.53B with a market capitalization of $832M. It has gone through a 6.39% TVL downturn. The last protocol is Spark, witnessing a TVL of $2.09B along with a -15.1% decline over the 30 days.

Source