This week, the latest report on the total value locked (TVL) in the top 10 blockchain chains has been unveiled, and Ethereum has emerged as the clear leader. According to data from DefiLlama, Ethereum holds the top spot with an impressive $61.14 billion locked in its ecosystem. This significant lead further solidifies Ethereum’s dominant position in the DeFi space.
While Ethereum is the frontrunner, Tron comes in second place with a TVL of $8.20 billion. Although Ethereum surpasses Tron in terms of numbers, Tron’s metrics indicate strong user interaction and usage of its DeFi services. Following closely behind is BSC, occupying the third place with $5 billion in TVL, showcasing its continued relevance as a preferred platform for dApps and services.
The fourth and fifth spots are taken by Solana and Arbitrum, respectively. Solana, known for its high transaction speed, boasts a TVL of $4.152 billion, while Arbitrum, a layer-2 scaling solution for Ethereum, holds $2.874 billion. Both chains exemplify the expansion and diversification of the DeFi market and its products.
Notably, Blast and Base have also made their mark, securing TVLs of $1.971 billion and $1.59 billion, respectively. This places them within the top ten, indicating a growing trend in blockchain platforms.
In the bottom two positions, we have Merlin and Bitcoin, each with a billion dollars of TVL. Merlin has $1.182 billion, while Bitcoin has $1.068 billion locked into its ecosystem. Polygon completes the top ten with $867.41 million, affirming its presence among the leading DeFi platforms.
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