### Ethereum, Tron, and Solana: Leaders in Total Value Locked (TVL)
In the dynamic landscape of decentralized finance (DeFi), Ethereum, Tron, and Solana are at the forefront in terms of Total Value Locked (TVL). While these blockchains dominate the scene, others are also making their mark. The TVL serves as an indicator of the capital invested in a blockchain’s DeFi offerings, reflecting the level of market trust and engagement.
#### Ethereum: The DeFi Giant
Ethereum continues to reign supreme, boasting a TVL of $48.045 billion, which accounts for a commanding 54.98% of the DeFi market. Renowned for its stability and the extensive ecosystem of protocols it supports—currently numbering 1,205—Ethereum remains the preferred platform for developers and users alike. Although its TVL experienced a slight daily decline of 0.67%, the blockchain has seen a weekly increase of 2.40% and a remarkable 7.69% rise over the past month.
#### Tron: The Aggressive Contender
In the second position, Tron holds a TVL of $6.888 billion. It is celebrated for its high transaction throughput and minimal fees, attracting approximately 1.97 million active addresses across 34 protocols. Despite its strong user base, Tron faced a weekly decline of 3.31% and a monthly drop of 9.47%. However, the network did record a modest daily increase of 0.19%, suggesting a potential stabilization in its performance.
#### Solana: The Rapidly Ascending Player
Taking the third spot, Solana has amassed a TVL of $6.084 billion and is involved in 172 protocols, with over 4.225 million active addresses. Its appeal lies in its rapid transaction speeds and low costs, driving significant adoption in sectors like NFTs and DeFi. Although Solana’s TVL decreased by 0.64% in the last 24 hours and saw a weekly decline of 6.01%, it enjoyed a noteworthy monthly growth of 20.11%, indicating a surge in activity within its ecosystem.
#### BSC (Binance Smart Chain) and Base: The Emerging Contenders
The Binance Smart Chain (BSC) ranks fourth with a TVL of $4.548 billion, spread across 806 protocols. It boasts 909,752 active addresses and is often regarded as a cost-effective alternative to Ethereum. In fifth place, Base, an Ethereum Layer-2 solution initiated by Coinbase, has a TVL of $2.5 billion and 1.42 million active addresses. Its recent TVL growth suggests positive trends in adoption and utilization as a scalable infrastructure on the Ethereum network.
#### Arbitrum, Bitcoin, and Polygon
Arbitrum secures the sixth position with a TVL of $2.369 billion, involving 462,530 addresses across 721 protocols. As one of the most recognized Ethereum Layer-2 scaling solutions, it experienced a slight daily decrease of 0.27% but increased by 1.53% over the week and 0.30% monthly. Meanwhile, Bitcoin’s DeFi segment is also expanding, with a TVL of $2.26 billion and 819,093 active addresses, facilitated by applications like Stacks that enable smart contracts. Polygon, another Layer-2 Ethereum solution, holds a TVL of $1.187 billion across 581 protocols, with 497,573 active addresses.
#### Avalanche and Sui: The New Entrants
Avalanche, known for its speed and scalability, has a TVL of $1.013 billion, supporting 410 protocols and 34,708 active addresses. Sui rounds out the top ten with a TVL of $1.012 billion. Although Sui experienced a slight daily uptick of 0.25% and a robust weekly increase of 9.43%, it encountered a minor setback in monthly performance.
The current rankings of these ten leading blockchains in TVL illustrate a comprehensive view of the DeFi market. As the DeFi landscape progresses toward its next evolutionary phase, these blockchains are poised to play crucial roles in the future of financial services, each excelling in its unique niche and anticipated growth trajectory.
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