This week, the top 10 blockchain chains have unveiled their total value locked (TVL), with Ethereum taking the lead. According to data from DefiLlama, Ethereum holds the top spot with an impressive $61.14 billion locked in its ecosystem. This substantial lead clearly demonstrates Ethereum’s dominance in the DeFi space.
Following Ethereum, Tron ranks second with a TVL of $8.20 billion. While the numbers indicate that Ethereum surpasses Tron in every aspect, Tron’s metrics reveal strong user interaction and utilization of its DeFi services. BSC takes the third spot with $5 billion in TVL, highlighting its ongoing relevance as a favored platform for dApps and services.
Completing the top five chains are Solana and Arbitrum. Solana, known for its speedy transactions, boasts a TVL of $4.152 billion, while Arbitrum, a layer-2 scaling solution for Ethereum, holds $2.874 billion. Both chains showcase the expanding and diversifying DeFi market and its products.
Blast and Base have also made their mark, with TVLs of $1.971 billion and $1.59 billion, respectively, securing them positions in the top ten. This points to a growing trend in blockchain platforms.
In last place, we have Merlin and Bitcoin, both with a billion dollars of TVL. Merlin has $1.182 billion, while Bitcoin has $1.068 billion locked into its ecosystem. Polygon rounds out the top ten with $867.41 million, solidifying its presence among the leading DeFi platforms.
Tags:
ARB, BSC, BTC, ETH, MATIC, SOL, TRX