Top 10 Blockchains by TVL This Week: Ethereum and Solana Take Lead

The decentralized finance (DeFi) sector has recently been making noteworthy shifts. As per the data from DefiLlama, Ethereum, Solana, and Bitcoin have led other blockchains in the market in terms of total value locked (TVL) over the past 7 days. The DeFi analytics platform’s list of top blockchains based on TVL also includes Binance Smart Chain, Tron, Berachain, Base, Arbitrum, Sui, and Avalanche.

Ethereum ($ETH) Remains Atop Blockchains with Staggering $50.918B in TVL

DefiLlama’s data shows Ethereum ($ETH) as the top blockchain when it comes to total value locked. Over the recent seven days, the blockchain has experienced a 13.87% decline. Following this, its TVL has reached the $50.918B mark. Subsequently, Solana ($SOL) has secured the 2nd position among the top blockchains with its TVL reaching $7.397B. Over the week, the blockchain has recorded an 11.74% decline.

The 3rd rank is taken by Bitcoin ($BTC) as its total value locked stands at $5.754B. Over the past 7 days, its TVL went through a 12.14% change. Following that, Binance Smart Chain ($BSC) is the top 4th blockchain in the case of total value locked. At present, its TVL is up to $5.133B. The weekly TVL performance of the blockchain indicates a 9.45% dip. Additionally, Tron ($TRX) enjoys the 5th spot among the prominent blockchains with its TVL touching $4.434B. It has recorded a 15.13% weekly downturn in TVL.

Avalanche ($AVAX) Comes Last in List with TVL Accounting for $1.133B

The next top blockchain on DefiLlama’s list is Berachain ($BERA). Its current total value locked is $3.292B, signifying a 0.52% weekly upsurge. Apart from that, Base ($BASE) has a TVL of almost $2.909B, accounting for an 11.81% 7-day change. The top 8th blockchain is Arbitrum ($ARB) with $2.578B in TVL, presenting a 12.98% weekly plunge. Moreover, Sui ($SUI) has gone through a 9.49% slump to reach a TVL of approximately $1.343B. Furthermore, Avalanche ($AVAX) has gained the last place among the top blockchains based on TVL. It accounts for a 10.13% 7-day weekly decrease in terms of TVL to touch $1.133B.