2026

DeFi

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April

Rain

<p>April 2026 saw a massive spike in total value locked, with numerous DeFi projects recording steep growth on a monthly basis. Statistics indicate that there is a vast array of protocols experiencing double and even triple-digit growth, which is an indicator of reconsidered investor trust and growing on-chain activity.&nbsp;</p>
<p>The recent ranking shows the presence of new platforms, as well as the existing players who try to dominate the liquidity outflow.</p>
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   <p>TOP PROJECTS BY MONTHLY <a href="https://twitter.com/hashtag/TVL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TVL</a> GROWTH<a href="https://twitter.com/search?q=%24RAIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RAIN</a><a href="https://twitter.com/search?q=%24THQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$THQ</a><a href="https://twitter.com/search?q=%24BTW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTW</a><a href="https://twitter.com/search?q=%24BIO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BIO</a><a href="https://twitter.com/search?q=%24BEETS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEETS</a><a href="https://twitter.com/search?q=%24LV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LV</a><a href="https://twitter.com/hashtag/RockawayX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RockawayX</a><a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XLM</a><a href="https://twitter.com/search?q=%24CGPT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CGPT</a><a href="https://twitter.com/search?q=%24ZRC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ZRC</a><a href="https://twitter.com/search?q=%24FLOW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FLOW</a><a href="https://twitter.com/search?q=%24EVAA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$EVAA</a><a href="https://twitter.com/hashtag/CAP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CAP</a><a href="https://twitter.com/hashtag/API3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#API3</a><a href="https://twitter.com/search?q=%24HYPER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HYPER</a><a href="https://t.co/8JCyn7t3wu" rel="noopener noreferrer nofollow">pic.twitter.com/8JCyn7t3wu</a></p>— PHOENIX – Crypto News &amp; Analytics (@pnxgrp) <a href="https://twitter.com/pnxgrp/status/2050149481962688988?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 1, 2026</a>
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<p>First on the list is <a href="https://www.rain.xyz/" rel="noopener noreferrer nofollow">Rain</a>, which experienced an impressive 379% growth in total value locked in the last month. Although Rain has a relatively small TVL of $3.5M, the market capitalization of the company is far more speculative at $3.7B, which reflects a high level of speculative interest, as well as fast liquidity expansion.</p>
<h2 class="wp-block-heading" id="mid-tier-defi-projects-show-accelerating-adoption">Mid Tier DeFi Projects Show Accelerating Adoption</h2>
<p>After Rain, THQ came second with a 212% TVL growth. The project has a locked value of $1.8M and a market cap of $15.2M. In the meantime, BTW has reported a 152% rate of growth which is backed by a considerably greater TVL of $38.4M and a market capitalization of $38.8M.</p>
<p><a href="https://blockchainreporter.net/margex-adds-bio-kaito-metis-pengu-zk-to-its-platform/" rel="noopener noreferrer nofollow">BIO</a> has also done well with a 137% growth in TVL. Its protocol now has $5.1M worth of locked assets with a market cap of $86.1M. These numbers imply stable inflows of capital and increased involvement of users on mid-sized resources.</p>
<p>BEETS showed a 94.1% growth in TVL to $17.4M, but its market cap information is not available. LV, in turn, gained 76.3% growth rate, making its TVL $2.1M and market capitalization $4.8M. RockawayX also exhibited great momentum, growing by 74.6% and driving to a TVL of $82.5M, but its market cap remained undisclosed.</p>
<h2 class="wp-block-heading" id="large-cap-protocols-maintain-steady-growth">Large-Cap Protocols Maintain Steady Growth</h2>
<p>Among more prominent protocols, XLM experienced 49.8% TVL growth, reaching $23.7M, with a sizable market capitalization of $5.2B. CGPT is close behind at 43.6% growth, offloading the $2.6 million TVL and a market value of $25.5M.</p>
<p>ZRC was the one that had a significant ratio of growth and size, having achieved a growth of 30.3%. The protocol currently has $154.3M worth of locked assets, a market capitalization of $3.0M. FLOW also reported 30.1% increase with $5.1M in TVL and a market cap of $72.1M.</p>
<h2 class="wp-block-heading" id="emerging-defi-players-continue-to-climb">Emerging DeFi Players Continue to Climb</h2>
<p>Farther down the line EVAA also performed positively with a <a href="https://blockchainreporter.net/defi/" rel="noopener noreferrer nofollow">DeFi</a> growth of 25.2%, TVL of $11.3M and a market cap of $3.7M. CAP registered a growth of 24.0% with a much higher TVL of $336.4M, but its market capitalization was not shown.</p>
<p>The growth of API3 had been increased by 23.1% with the help of $36.6M in TVL and $54.0M market cap. HYPER was the last to complete the list with 22.4% growth rate, with a total of $114.5M of value locked and a market capitalization of $41.8M.</p>
<h2 class="wp-block-heading" id="defi-market-outlook-remains-positive">DeFi Market Outlook Remains Positive</h2>
<p>The wide spread of growth in small and large protocols shows a sign of a healthy and growing DeFi. Even as smaller projects like Rain and THQ are being noted with spectacular percentage returns, bigger platforms like CAP and ZRC keep drawing sizable capital flows.</p>
<p>This volatility of both high growth and long-term liquidity is an indication that DeFi is a major source of innovation in the crypto industry. Competition between protocols will presumably increase even more as more people dive into decentralized applications and yield opportunities emerge.</p>
<p>With the present momentum, the next few months may witness an even larger capital utilization and diversification within various DeFi platforms.</p>

Top Monthly DeFi TVL Growth Rankings Reveal Strong Momentum: RAIN Leads With 379% Growth

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