Weekly DeFi Data Observation | TVL Breaks $120 Billion, Lido Finance Shines

Author: Gu Yu
This week, the DeFi market continued its upward trend, with the total TVL of major public chain DeFi projects reaching $120.5 billion. Among the leading DeFi protocols, the fastest-growing TVL this week includes Lido Finance (28%), Synthetix (24%), Liquity (18.5%), and MakerDAO (18.5%), while the tokens with the highest price increases include Harvest Finance token FARM (150%), Lido Finance token LDO (138%), and Reflexer token FLX (125%).
Below, Chain Catcher will summarize the DeFi market this week from three perspectives: TVL, price, and important events, using data from DeFi llama, Token Terminal, and other websites.
1. TVL

Data Source: DeFi llama
As of Sunday at 15:30, the total TVL of major public chain DeFi projects reached $120.5 billion, an increase of 14% compared to last Sunday, with Ethereum's TVL at $91.9 billion, accounting for 76.2%.
Among all DeFi projects, Aave, Curve, and Compound ranked in the top three for TVL this week, while Instadaap dropped to fourth place.
Among the leading DeFi protocols, the fastest-growing TVL this week includes Lido Finance (28%), Synthetix (24%),
Liquity (18.5%), and MakerDAO (18.5%), with Lido Finance's TVL reaching $2.69 billion, setting a new historical high.
Other DeFi protocols with relatively high growth rates include Serum (73%), ApeSwap (67%), Visor Finance (51%), Unit Protocol (46%), and RenVM (26%).
Protocols with slower growth or negative growth include Ruler (-47%), Alchemix (-36%), Idle Finance (-29%), TrueFi (-7%), Frax (-5.5%), BarnBridge (-2.4%), Ellipsis Finance (-1.5%), and Mirror (-0.1%).
2. Token Prices

Data Source: Token Terminal
This week, the DeFi market experienced a broad increase, and as of Sunday at 12:00, the tokens with the highest price increases include Harvest Finance token FARM (150%), Lido Finance token LDO (138%), and Reflexer token FLX (125%).
The price increase of FARM may be primarily due to its listing on Coinbase, while the increase in Lido Finance token LDO may be related to the continued accumulation by on-chain whales.
3. Important Events
On July 26, Uniswap's growth lead Ashleigh Schap stated at the EthCC conference that to promote integration between payment applications like Paypal, eTrade, and Robinhood with Uniswap, Uniswap is collaborating with these companies to develop KYC products, while striving for the minimum KYC standards.
On July 27, Lido Finance announced that it would become a permissionless and trustless decentralized node operator, implementing an upgradable smart contract framework that would make new withdrawals and deposits completely unmanaged.
On July 28, DeBank launched Rabby, a browser extension wallet designed specifically for DeFi users, supporting automatic network switching, transaction risk scanning, and the ability to parse transaction content for users on the signature page.
On July 29, Paradigm research partners Dave White and Dan Robinson, along with Uniswap founder Hayden Adams, co-authored a paper proposing a new AMM model called "Time-Weighted Automated Market Maker (TWAMM)," aimed at breaking large trades into many smaller trades and executing them over a period of time, while reducing slippage and saving gas fees.
On July 30, Synthetix officially launched synthetic asset trading on the Ethereum Layer 2 scaling solution Optimistic Ethereum, initially supporting sUSD, sETH, sBTC, and sLINK, with prices provided by Chainlink, and will upgrade to support more features in the coming weeks.