The post Top DeFi Projects Achieving Product-Market Fit In 2024 appeared on BitcoinEthereumNews.com.

In 2024, only a select few DeFi projects have managed to secure post-mainnet product-market fit, showcasing impressive growth and adoption. Here’s a look at the most notable players in the space: Ethena (@ethena_labs) has emerged as a leading stablecoin, generating $1.73 million in revenue in January, escalating to $5.59 million currently, with a Total Value Locked (TVL) of $2.5 billion. EigenLayer (@eigenlayer), focusing on restaking, has seen its monthly active addresses skyrocket from 11,400 in April to 241,100 now, with a robust TVL of $11.2 billion and 71,000 total depositors. Symbiotic (@symbioticfi) also in the restaking arena, grew its TVL dramatically from $50 million in June to $1.5 billion today, attracting 116,000 depositors. Karak (@Karak_Network) reported a surge in its TVL from $80 million in April to $500 million now, serving 126,000 users. Lombard (@Lombard_Finance) operates in both BTC finance and restaking, witnessing its TVL climb from $512,000 in August to $501 million currently, with around 10,000 unique users. Ether Fi (@ether_fi), specializing in liquid restaking, has increased its TVL from $130 million in January to $5.8 billion today, with $weETH constituting 75% of its presence in DeFi protocols. Other projects making significant strides include Puffer (@puffer_finance) with a TVL of $1.3 billion, Eigenpie (@Eigenpiexyz_io) at $1.04 billion, and Sanctum (@sanctumso) approaching $972 million. Additionally, lending platforms like Morpho (@MorphoLabs) and Fluid (@0xfluid) have reported impressive user growth and substantial TVL, while Taiko (@taikoxyz) continues to expand its active user base. In 2024, only a few new DeFi projects have successfully achieved post-mainnet product-market fit. Here are the most notable ones ↓ ⌲ Ethena @ethena_labs [stablecoin]Revenue in January: $1.73MRevenue in February: $4.99MCurrent revenue: $5.59MTVL: $2.5B ⌲ EigenLayer… pic.twitter.com/36KRnEhKVv — Stacy Muur (@stacy_muur) October 10, 2024 In the meme coin sector, **Pump** (@pumpdotfun) has shown notable revenue growth, currently at $8.61…

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Filed under: News - @ October 11, 2024 8:27 am