The opening day of competition at the 2012 London Olympics crowned a mere 12 gold medal champions, leaving a whopping 290 events left to be decided as the Summer Games prepares to hit overdrive in the coming weeks.

Powered by a gold medal from 400 meter men's individual medley swimmer Ryan Lochte, Team USA currently sits in third place overall in the updated medal count with five overall. China reigns atop the rest of the world with six medals including four golds, while Italy also came out strong on Sunday with five medals of its own.

South Korea and Brazil each round out the top five after the first day, but it's clear that the United States and China, once again, are shaping up to be the frontrunners.

Here are the standings after day one:

1. China - 6 total (4 Gold, 0 Silver, 2 Bronze)

2. Italy - 5 total (2 Gold, 2 Silver, 1 Bronze)

3. United States - 5 total (1 Gold, 2 Silver, 2 Bronze)

4. South Korea - 3 total (1 Gold, 1 Silver, 1 Bronze)

5. Brazil - 3 total (1 Gold, 1 Silver, 1 Bronze)

For more coverage of local athletes at the 2012 Olympics, stay with this StoryStream. For more coverage of the London Games, head over to SB Nation's Olympic hub.