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TLDR :
- First RWAs Apps TVL on the rise.
- **Fund Management Protocols are biggest Gainers and set a new trend.**
- Chain Abstraction with Polymarket and Telegram Bots, Fund Management and RWAs are the sole main TVL winners in DeFi July 2024.
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TVL is a good indicator of growth.
This report studies all protocols with a 100% and higher growth in July 2024 and 4$M+.
Not included in this top, Forks, new AMMs & Lending and SNX Farming protocols.

# Fund Management

### Desyn : 150M Growth
Decentralized asset management

### Mellow Protocol : 600M Growth
Restaking Management

### Toros Finance : 80M Growth
Yield Strategies and Leverage Tokens
### Amphor IO : 70M Growth
Automatic Yield Allocation

### dHedge : 60M Growth
Tokenized Fund Management

### Vault Craft : 20M Growth
Automatic Yield Strategies


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# Onchain RWAs

### Sailing Sea
US Regulated Stock Tokens on Uniswap

### DigiFT
RWA Bonds Regulated in Singapore

### Dinari
KYC-only Stock investing using blockchain

# Others

### Polymarket
Onchain Betting on Real World Events

### Gull Network
Pump.fun Fork

https://defillama.com/protocol/gullnetwork#information


# Telegram Apps
Telegram Apps represent 25% of the top 13 crypto revenu. Representing the biggest revenu growth category in 2024.

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:::success
**PIO's Strategic Move in the RWA and Fund Management Space**
* PIO's recent introduction of RWA Derivatives aligns with clear rising trend of RWA TVL Growth.
* PIOs RWA Derivatives opens a large new set of opportunities for onchain fund managers , which has seen growth rates of 100%+ in July 2024, and and potentially rivaling the 120M growth seen in protocols like dHedge Protocol.
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*Source Defillama