A prominent decentralized financing project (Defi) project, Flamingo Finance ($ FLM), saw the highest weekly growth on the total value locked (TVL). According to data shared by Phoenix Group, which is derived from Defillama, FLM hit an increased TVL of 153%. With a relatively modest market capitalization of $ 16.5 million, the protocol now has $ 15.2 million in locked assets.
Top projects by Weekly #TVL Growth $ FLM $ SOLV $ Note $ Snel $ Hype $ Chess #polymarket $ Blue $ Pendle $ lon $ velo $ xcn $ ena $ zeus $ morpho pic.twitter.com/bgdostfazw
– Phoenix – Crypto News & Analytics (@pnxgrp) May 18, 2025
$ Solv and $ note were two of the top gainers after FLM. The total value locked for $ SOLV saw an increase of 51.8% and is currently $ 1.1 billion. On the other hand, $ Note won 45.2% with $ 10 million in TVL. Native token from Quickswap, $ Quick, rose by 44%and took its TVL to $ 214.3 million. This showed the traction of this project in their ecosystem increasing activity of the user and the liquidity side.
Moderate growth seen in hype, chess, polymarket and others
Other protocols also grew, but modest. Accordingly, $ hype and $ chess rise every week by 21.2% and 19.8% respectively. $ Hype currently manages $ 44.6 million locked up in assets, while $ chess checks $ 134.6 million. The next, polymarket, followed by an increase of 18% in TVL, with $ 31.2 million, which does not seem to have reported market capital in the dataset.
$ Blue, $ Pendle and $ LON have also observed the TVL growth of 15.4%, 13.3%, 11.8%and 11.4%respectively. $ Pendle and $ lon occupy $ 4.1 billion and $ 850,700 in TVVL respectively. Although lower in absolute values, this weekly percentage profit shows an increased momentum in their protocols.
Gradual growth remains under lower ranked protocols
At the bottom, the TVL changes from $ VELO, $ XCN, $ Ena, $ Zeus and $ morpho vary from 10% to 6.1%. $ Velo’s TVL rose to $ 103.6 million and $ XCNs rose to $ 136.3 million. Another factor that was worth mentioning was that $ ena reported a TVL of $ 5 billion and an increase of 9.2% in TVL, while Zeus and $ Morpho had a TVL growth of 6.7% and 6.1% respectively.
