According to Miles Deutscher, the $S ecosystem has seen significant growth over the past month, with top DeFi projects ranked by Total Value Locked (TVL). This metric is crucial for traders as it indicates the amount of capital held in these projects, reflecting investor confidence and potential liquidity in the market. As the ecosystem is still new, there is potential for shifts in rankings, presenting opportunities for traders to capitalize on emerging projects. Source: [Miles Deutscher on Twitter](https://twitter.com/milesdeutscher/status/1894393675641458841).