TVL has been a crucial indicator that shows the success and health of blockchain networks within the Defi landscape. New data reported today by market analyst Defillama emphasized block chains with leading TVL growth in the week.
Top 10 chains with excellent TVL this week
Ethereum
According to the data, Ethereum has retained its top position in the Defi world. It is the blockchain that has the largest TVL in the decentralized trading landscape. The full amount of resources that are locked in the chain is currently no less than $ 64.34 billion. This record marks an increase of 2.84% in the last seven days, which is a reflection of a larger market interest rate and institutional confidence in the Ethereum network.
Solana
Solana achieved the second position. According to the data, the chain currently has a TVL of 8,535 billion, which represents the total number of assets that are locked in decentralized projects that are active on the Solana network. The rapid processing times of the blockchain, lower transaction costs and the increasing acceptance of projects in its Defi network are the most important catalysts who support the growing TVL.
Bitcoin
Thirdly, the list is Bitcoin, an indicator that the blockchain witnesses a considerable growth in terms of the value of assets that are locked in the decentralized network. As reported by the data, Bitcoin’s TVL is currently $ 6.293 billion, a slight reduction of 1.39% in the last seven days. This figure shows that Bitcoin experiences an increased interest and activity of users within his Defi network. The rise of Bitcoin deployment and scale solutions in particular brings more increased decentralized investment activities in the BTC ecosystem.
BSC
BSC achieved fourth place, with its TVL currently worth $ 6.005 billion in the Defi sector, a small increase of 0.37% during the week. This suggests that Defi protocols on the BSC chain attract more money. It is also an indicator for robust investor confidence in the Binance Smart Chain ecosystem.
Tron
Tron went down and settled in fifth place and currently held a TVL of $ 4,809 billion. This milestone emphasizes the strategic meaning of the platform as an important part of the crypto world. It is recognized for facilitating efficient, fast and affordable cross-chain assets, deployment and digital assets services, so that users offer extensive crypto-trading solutions.
Other project artists
Other chains that consider considerably this week include the basis, arbitrum, hyperliquid, sui and avalanche.
Base, an L2 network driven by Coinbase, is the sixth position with a TVL of $ 3,444 billion, an increase of 2.70%. This means that decentralized protocols based on $ 3.4 billion in assets now have the largest Defi network of TVL under Layer 2 networks.
The following is Arbitrum, another L2 network that came in seventh place with a TVL of $ 2,522 billion. Hyperliquid, a DEX developed on its L1 blockchain network, followed with a TVL of $ 1.85 billion.
Ninth on the list is Sui. De Laag 1 Blockchain currently has a TVL of $ 1.85 billion in the Defi sector, which is a reflection of the rising acceptance and activity in its ecosystem.
Finally, Avalanche wrapped this top 10 list with a TVL of $ 1.506 billion, an indicator that the blockchain becomes an important Defi network.
