🚀 $BLACK & $NOTE Defy Gravity: DeFi TVL Explodes as These Tokens Outpace the Pack
DeFi's sleeping giants wake up swinging. While traditional finance still debates yield curves, two underdog tokens just schooled the market on growth.
The TVL moonshot you missed
No fancy financial instruments here—just raw protocol traction. $BLACK and $NOTE didn't just climb the charts; they redrew the map for decentralized liquidity.
Why this isn't another DeFi bubble
Forget the 'farm and dump' crowd. These spikes come from actual usage—the kind that makes Wall Street's legacy systems look like COBOL-era relics. (No offense to our banking friends... okay, maybe a little.)
The message? While bankers lunch, DeFi builds. And occasionally, it absolutely crushes weekly growth metrics.

Data provided by the Phoenix Group with referrals to DeFiLlama have shown the significant growth of Total Value Locked (TVL) in several blockchain projects. $BLACK, with its TVL surging by 84.4%, overtaking it to the first place in the leaderboard regarding the total TVL increase per week. $BLACK with its market capitalization of $126.2 million, sits on top of this week’s performance list this far.
TOP PROJECTS BY WEEKLY #TVL GROWTH$BLACK $NOTE $ENA $LON $SUSHI $PENDLE $SKATE #Polymarket $SEAM $ETHFI $MORPHO $PSTAKE $BLUR $HYPE $RESOLV pic.twitter.com/69cE8CcI8N
— PHOENIX – crypto News & Analytics (@pnxgrp) July 27, 2025$NOTE was then followed by a 60.8% growth in TVL to attain $10.8 million. The relatively small market capitalization of the company at about 1.5 million and growth rate in the note is ranked number two in weekly gains. Both $ENA and $LON saw their TVL grow at more than 19%, recording 21.2% and 19.6%, respectively. Those returns reflect long involvement with the particular ecosystems and potentially strategic capital flows.
Diverse Market Capitalization and Ecosystem Sizes
$SUSHI, $PENDLE, and $SKATE were also strong with the growth rates recorded in the last 7 days of 17.4%, 17.2% and 16.7% respectively. $SUSHI has a TVL of $6.5 billion when compared to $PENDLE and SKATE, who have much lower TVLs and market caps.
TVL saw moderate weekly growth in several other projects. Polymarket, $SEAM, $ETHFI, and $MORPHO showed growth between 14.7% and 11.1%. Significantly, ETHFI has amassed a TVL of $10.2 billion, demonstrating its supremacy on sluggish relative growth.
Steady Growth Highlights DeFi Protocol Maturity
The remaining place at the chart was claimed by $PSTAKE, $BLUR, $HYPE, and $RESOLV with returns of between 10% and 7.60%. $HYPE and $RESOLV in particular had healthy market caps of 333.3 million and 516.9 million, respectively despite a stagnant growth in TVL each week.
The observed performance patterns indicate a high interest towards mature and developing DeFi protocols. Weekly TVL is a notable indicator of user trust and capital transactions of decentralized systems. The figures allow stakeholders to have a benchmark to measure changes in liquidity, utility, and user interaction.