- Ethereum leads with $ 46.7B TVL, more than 6x higher than Solana’s $ 7.42 billion.
- Layer 2s such as Base, Arbitrum Cross $ 2.5 billion TVL, with rapid growth of ecosystem.
- Ethereum tops in users and protocols, but emerging chains show up rising activity.
Ethereum continues to dominate the blockchain landscape due to total value locked (TVL), with new figures from Phoenix Group that reveals a wide gap between the network and the closest competitors. From April 19, 2025, Ethereum orders $ 46.7 billion in TVL, more than six times the value recorded by Solana, which holds the second position at $ 7.42 billion.
Top block chains by total value locked #eteum #solana #bnb #tron #bitcoin #base #berachain #arbitrum #sui #avalanche #sonic #Paptos #polygon #cronos pic.twitter.com/ZVJPZMLK4O
– Phoenix – Crypto News & Analytics (@PNXGRP) April 19, 2025
The data also reflects the growing distribution between alternative layer 1s and Layer 2 solutions, because various newer networks exceed the mark of billion dollars in locked value. Although Ethereum maintains the majority of the activity between protocols and users, smaller block chains and Rollup ecosystems have early signs of traction, pointing to a more diversified Defi landscape.
Solana, Tron and BNB follow behind
Solana remains the best alternative to Ethereum by TVL, with an increase of 2.2% compared to the past month, which brings the total to $ 7.42 billion. BNB Chain has insured the third highest TVL at $ 5.5 billion, with a small profit of 0.4% for the same period. Tron follows $ 5 billion, but registered a 0.7% decrease in locked value, which indicates a slight withdrawal into recent user or capital activity.
Bitcoin, recognized as suitable as a store of value instead of a Defi category, covers $ 3.7 billion in TVL and has increased by 0.6% in the last 30 days. Due to the lack of advanced smart contract solutions, Bitcoin, however, takes one of the five places in Constant TVL.
Low 2 and emerging chains exceed expectations
Different layer 2 and alternative networks consolidate their presence within the Defi Ecosystem. Basic, Berachain and Arbitrum each reported TVLs above $ 2.5 billion. In particular, the basis has seen a growth of 1.4% in the past month in the past month. These networks benefit from Ethereum-compatible infrastructure, lower costs and growing protocolecosystems.
Avalanche recorded an increase of 2.2% in TVL, which brought the total to $ 1.2 billion. Sui crossed the billion dollars with $ 1.25 billion, while Sonic Sloot at $ 987 million. These figures indicate the expansion of activities beyond the more established Defi chains, with newer platforms that start to win capital instromas and protocol support.
Ethereum leads in protocol and user activity
Moreover, the capital lock in Ethereum remains, which has the highest number of active protocols and participating users. The network has 5,139 protocols for its customers, with daily users of more than 50,000. These figures show how Ethereum remains the most used and embedded blockchain for Defi -Services.
Solana, as the second largest TVL chain, was good for 3,830 active users and 290 protocol. BNB chain was the second closest to the beginning, which was expected because of the constant usefulness in retail-oriented Defi apps and financial software.
The newest overview of TVL figures emphasizes a more fragmented and growing Defi environment. While Ethereum maintains the highest value and involvement, capital gradually flows into emerging layers 1 and 2 chains. These developments point to a future future where users have interaction with a broader range of blockchain networks for various use cases.
The recent trends analyzed for April 2025 indicate that Ethereum is still safe, but more chains and technological types are on the rise to change the landscape of blockchain financing.
