DeFi Ecosystems Surge:Spotlight on Solana & Aptos

As Bitcoin continues to influence market flows, its recent boomer-led surge has cast a favorable light on the rest of the decentralized finance (DeFi) space. This cyclical pattern, reminiscent of classic financial tales, paves the way for certain ecosystems to stand out.

Firstly, Solana (@solana) has emerged as the week's top performer among the leading ten protocols. Its Total Value Locked (TVL) witnessed a 20% growth, settling at a robust $353 million. However, this increment primarily hinges on the uptick in the $SOL price concerning the USD. Intriguingly, when evaluated in SOL denominations, the TVL has remained consistent at around 12 million SOL for half a year. With $SOL's price currently hovering around $30, Marinade Finance (@MarinadeFinance) and Jito (@jito_sol) have surfaced as the principal beneficiaries, largely owing to Lido's decision to phase out staking on Solana.

The second ecosystem making waves is Aptos Network (@Aptos_Network). Despite enduring a series of challenges since its inception, such as predatory tokenomics influenced by venture capitalists, manipulative liquid token supply leading to short squeezes, and recent network outages, $APT has managed to rise by 16% over the past week. This commendable performance positions it among the few major altcoins that have outpaced Bitcoin. The Aptos ecosystem, in its entirety, is thriving. The TVL has surged by 65% in the past 30 days and 52% in the last week, now standing at $71 million. A noteworthy highlight from Aptos is the Amnis Finance (@AmnisFinance) protocol. Having introduced liquid staking for $APT merely two days ago, it already commands a TVL of $12 million.

Lastly, Canto (@CantoPublic) has rebranded as an RWA coin, aligning with the likes of $MKR and $FXS. They've also incorporated T-Bill yields on-chain through their stablecoin, $NOTE. In terms of performance metrics, $CANTO has increased by 16% over the past week and an impressive 160% over the last month. Its TVL has expanded by 50% within a month, reaching $61 million. Canto's pivotal shift to its Layer 2, utilizing Polygon's CDK, could potentially revamp its token rating. With T-Bill yields anticipated to remain high, projects adept at harnessing this on-chain yield are poised for superior performance.

Data courtesy of @DefiLlama provides valuable insights into these developments. Additionally, a nod of appreciation to a series of market experts, including @0xRemiss, @0xMughal, @arndxt_xo, @rektdiomedes, @Dynamo_Patrick, @crypto_linn, @CryptoShiro_, @TheDeFISaint, @TheDeFinvestor, @0xJok9r, @CryptoGideon_, @iambullsworth, @joel_john95, @hrojantorse, @Deebs_DeFi, @hmalviya9, and @AirdropAlertAAD, for their insights and guidance.

It's essential to underline that these observations are strictly informational and not financial advice. Always prioritize personal research before making any investment decisions.