Decentralized Finance (Defi) ended in the last 30 days with a higher total value locked (TVL), wide greenery over leading chains and trade focused on a handful of decentralized Exchange (DEX) locations.
From swap to tsunami
In the past month, Aggregate Defi TVL is almost $ 159.6 billion. That total is consistent with the $ 96.697 billion of Ethereum that represents 60.57% of the Sector TVL, which implies a market -wide figure about $ 159.6 billion when extrapolated from Defillama.com statistics.
Month-over-month, the top chains have all placed a profit: Ethereum +18.62%, Solana +14.01%, Bitcoin +14.16%, Binance Smart Chain +12.13%and Tron +12.79%. According to Absolute Dollars, the leaders Ethereum have been for $ 96.697 billion, Solana $ 11.307 billion, Bitcoin $ 7.921 billion, BSC $ 7.59 billion and Tron $ 6.545 billion.

Total value locked (TVL) in Defi on August 25, 2025.
Chain composition still remains dominated by Ethereum by value. Current figures show Ethereum on 60.57%, Solana 7.08%, Bitcoin 4.96%, BSC 4.75%, Tron 4.10%, Base 3.10%, Arbitrum 2.12%, hyperliquid L1 1.52%, Sui 1.32%and Avalanche 1.26%. In practical terms, Ethereum continues to anchor the colland, while alternative layers (L1S) and Layer Two (L2S) offer growing niches for applications and trading couples.
Usage patterns tell a different story than TVL. Active addresses skew to high-throughput chains: Solana at 2.39 million, Tron 2.49 million and BSC 2.07 million, while Ethereum 505.081 has active addresses. The divergence between adrictions and TVVL emphasizes a split between the regulation with large balance over Ethereum and transactional activity with a higher frequent on Solana, Tron and BSC.
Shorter interval snapshots also show a steady activity in the short term, with a day and seven-day changes in general in the larger networks, even if individual days have red prints for some chains. With regard to Defi protocols, the TVL leaderboard is known but not static. Lido, categorized as liquid, leads to $ 41.958 billion after an increase of 27.27% in the last 30 days. Aave, the large credit market that spans many chains, follows $ 40.3 billion with a monthly profit of 22.69%.
Owlayer, the remaining platform, is third in $ 22.434 billion, an increase of 25.72% in a month. Completion of the top six are Binance Staked ETH at $ 15,799 billion (+44.43%), Ether.fi at $ 12.428 billion (+24.40%) and Ethena at $ 12.204 billion (+65.61%), the strongest 30-day percentage increase in the top.
Further down has Pendle (yield) $ 10.285 billion after a monthly climb of 61.15%, Spark is at $ 8.446 billion (+4.03%), Morpho (loans) is $ 7.066 billion (+20.23%), Sky is $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion: $ 6.316 billion. (+12.39%), and Bitcoin is $ 6,316 billion? Babylon protocol (again use) is $ 6,145 billion (+19.35%). The use of liquid, loans and repeat continues to define the majority of the locked collateral, while yielding platforms add incremental handle during risk phases.
The DEX promotion carries the most meaningful number of the month: on the top 30 platforms, 30-day trade volumes SOM up to $ 425,139 billion. UNISWAP dominates $ 132,475 billion in volume of 30 days, with around 31% of the top 30 turnover. Pancakeswap is in second place at $ 57.506 billion, equal to around 13.5% of the top 30-total. Hyperliquid places $ 14,258 billion and Raydium on Solana is around $ 27.18 billion.

Top ten DEX applications per volume according to Defillama.com.
Statistics also show that Humidifi is $ 16.641 billion, Aerodrome is $ 21,911 billion, Meteora is $ 16.073 billion, Ekubo is $ 16.418 billion, liquid is $ 24.798 billion, and Orca is $ 16,97 billion. Together, the top five DEX locations-uniswap, pancakeswap, hyperliquid, raydium and humidifi $ 248.06 billion, or approximately 58.35% of the total of 30 days over the top 30 DEX platforms on Defillama.com.
The lead of Uniswap reflects its multichain coverage (35 chains) and deep liquidity in core pairs. Pancakes WAP Anchifies BSC Spot Flow and comprises 10 chains. On Solana, Raydium, Meteora and ORCA jointly represent around $ 60.22 billion in 30-day activities, a material part of the trade of the month that helps to define Solana’s on-chain order stream during this window.
Shorter interval figures are on line with the distribution of the month and offer a useful color. Uniswap shows $ 35,324 billion for seven days and $ 3,267 billion for 24 hours, while pancakeswap shows $ 14,145 billion and $ 1,827 billion and Raydium $ 4,972 billion and $ 697.29 million respectively.
Protocolentum for the month is in favor of a handful of names. The TVL increase of 65.61% of Ethena leads the peloton from the top dozen, followed by Pendle’s 61.15% increase and Binance put ETH at 44.43%. The larger established operators went at a more stable pace Voort-Lido an increase of 27.27%, AAVE 22.69%and self-layer 25.72%providing profits that reflect the constant demand for deployment, repair and overcollateralized loans.
The TVL of Uniswap won 12.39%, even when the trade share dominated, a link that points to sticky liquidity determination that supports month -long volumes. The 30-day run of Defi reads as consolidation instead of razing: capital attracted to a few DEXs while the stakes-driven collateral deepened the Ankerrol of Ethereum. If these trends persist, the liquidity and implementation routes may harden and challengers will need benefits to sign the share again.