Ethereum

Uniswap

Lido DAO

ether.fi

Ethena

EigenCloud

<p>With the continuous growth of <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a>, 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 <a href="https://blockchainreporter.net/understanding-total-value-locked-tvl-in-cryptocurrency/" rel="noopener noreferrer nofollow">total value locked (TVL)</a>, including Lido, EigenLayer, Aave, Ether.fi, Maker, Uniswap, Rocket Pool, Ethena, and Spark.</p>
<h2 id="header-0">Lido Leads the Top Ethereum Protocols in Terms of Total Value Locked</h2>
<p>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.</p>
<p>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%.</p>
<p><a href="https://app.uniswap.org/" rel="noopener noreferrer nofollow">Uniswap</a> 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%.</p>
<h2 id="header-1">Spark Bottoms the List with a TVL of $2.09 Billion</h2>
<p>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.</p>

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

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