TVL and Blockchain Networks in DeFi

TVL has been a crucial indicator showing the success and health of blockchain networks within the DeFi landscape. New data reported today by market analyst DefiLlama highlighted blockchains with leading TVL growth over the week.

Top 10 Chains with Outstanding TVL This Week

Ethereum

According to the data, Ethereum has maintained its top position in the DeFi world. It is the blockchain holding the largest TVL in the decentralized trading landscape, currently standing at a whopping $64.34 billion. This represents a 2.84% increase over the past seven days, reflecting increased market interest and institutional confidence in the Ethereum network.

Solana

Solana made it to the second position with a TVL of $8.535 billion. The rapid processing times, reduced transaction costs, and rising adoption of projects in its DeFi network are the main catalysts supporting its growing TVL.

Bitcoin

Third on the list is Bitcoin, with a TVL currently standing at $6.293 billion, a slight decrease of 1.39% in the past seven days. This figure indicates heightened user interest and activity within its DeFi network, particularly with the rise of Bitcoin staking and scaling solutions.

BSC

BSC clinched the fourth spot, with a TVL of $6.005 billion, marking a small increase of 0.37% during the week. This suggests that DeFi protocols on BSC are attracting more funds, indicating robust investor confidence in the Binance Smart Chain ecosystem.

TRON

TRON settled in fifth place with a TVL of $4.809 billion. This milestone highlights the platform’s significance in the crypto world, providing efficient and affordable cross-chain asset services.

Other Project Performers

Other chains holding significant TVL this week include Base, Arbitrum, Hyperliquid, Sui, and Avalanche.

• Base, a L2 network powered by Coinbase, is in sixth position with a TVL of $3.444 billion, an increase of 2.70%.
• Arbitrum, the seventh with a TVL of $2.522 billion.
• Hyperliquid, with a TVL of $1.85 billion.
• Sui holds a TVL of $1.85 billion.
• Avalanche wraps this top 10 list with a TVL of $1.506 billion.