Top 10 Blockchains Based on TVL: Ethereum Maintains Leading Position

In the rapid-paced DeFi sector, total value locked works as a key metric to measure the growth and adoption of the projects. As per the latest data from DefiLlama, Ethereum, Solana, and Bitcoin gained the top positions among the blockchains this week in terms of total value locked. The other prominent names in the top-10 list include Tron, Binance Smart Chain, Base, Arbitrum, Berachain, Sui, and Avalanche.

Ethereum Keeps Dominating Blockchains as TVL Reaches $58.075B

As per the list of top chains in line with TVL, Ethereum maintains its peak place. As per the market data, the total value locked of Ethereum has reached $58.075B. This amount signifies an increase of 1.01% over the recent seven days. In addition to this, Solana has gained the 2^nd position on the list. Its TVL has touched $9.093B. This figure reportedly accounts for a dip of up to 3.55% over the week.

After that, Bitcoin secured the 3^rd spot among the top chains. Hence, its TVL has attained the $6.598B level. However, over the past 7 days, its TVL has experienced a 2.29% decline. The next name on the list is Tron with its total value locked reaching $5.842B. The respective highlights a weekly 1.22% spike. Subsequently, Binance Smart Chain has effectively obtained the 5^th rank. In this respect, the TVL of the blockchain stands at $5.555B. This displays a 4.72% upsurge over the last 7 days.

Avalanche Sees $1.271B in TVL, Securing 10^th Rank among Top Ten Chains

DefiLlama’s list of prominent blockchains according to TVL adds Base in the 6^th position. Its TVL accounts for up to $3.26B, showing a 4.64% weekly rise. Following Arbitrum’s TVL is $2.874B, with a 1.90% increase. The 8^th place is occupied by Berachain with a $2.623B in TVL following a stunning 40.81% surge. Apart from that, Sui’s TVL is $1.473B, denoting a 4.02% weekly jump. Avalanche comes last in the list with a $1.271B in TVL, suggesting a 0.16% spike this week.