Ethereum Dominates DeFi: $84.73B TVL Crushes Rival Blockchain Networks

DeFi's throne still belongs to Ethereum—and the numbers don't lie. While pretenders jockey for position, the OG smart contract platform locks down a staggering $84.73 billion in total value. Here's how the chains stack up.

The king keeps its crown. Despite Layer 2 solutions and 'Ethereum killers' flooding the market, institutional money keeps parking itself in ETH-based protocols. Meanwhile, competitors scramble to justify their valuations with half-baked interoperability promises.

TVL doesn't equal innovation—but try telling that to VCs throwing money at anything with 'cross-chain' in its whitepaper. One thing's clear: when real money's on the line, crypto still votes with its wallet.

Blockchain networks showcase their overall chain health by measuring the total value locked. This is the list of the top 10 blockchains in DeFi TVL, as well as their market performance and on-chain activity.

Ethereum leads with $84.73 billion in TVL.

With $84.73 billion, ethereum takes the lead as it demonstrates its first-mover advantage in terms of smart contracts as well as liquidity provision. The token is priced at $3714 and has a bridged TVL of $490.7 billion. Over a period of 7 days, it gained 7.7%.

The stablecoins on Ethereum have a share of 1$32.9  billion and collected over $711,443 in fees.

Solana Second With $10.10 Billion TVL 

Solana claims the second position, holding the DeFi TVL value of $10.10 billion. The bridged TVL is around $55.613 billion. It saw a 7.2% increase in the last 7 days.

The stablecoins collectively share around $11.7 billion. The 24-hour DEX volume on solana was around $1.796 billion.

BSC Third With $6.933 billion TVL

Binance Smart Chain (BSC) comes third with a TVL of $6.933 billion, which shows strong interest in the Binance chain.

The bridged TVL is around $19.283 billion, and stablecoins share around $11.117 collectively.

Layer 1 Blockchain Networks

• Bitcoin TVL: $6.896 billion with a 24-hour DEX volume of $5.18 million.
• Tron TVL: $5.949 billion with a +2.02% increase in the last 7 days. The bridged TVL is around $88.384 billion, and stablecoins share around $82.406 billion.
• Base TVL: $4.321 billion with a 4% increase and $18.675 billion in bridged TVL.

Emerging Blockchain networks in the Top 10

• Arbitrum: $2.942 billion with a $16.598 billion bridged TVL.
• Sui: $2.264 billion with a 4% increase in the last 7 days.
• Hyperliquid L1: $2.075 billion with a 5.5% increase in a week.
• Avalanche: $1.978 billion and $7.316 billion in total value locked.

These indicators demonstrate the health of these chains and user trust: the enormous liquidity of Ethereum, the fast settlement speed of Solana, and the low rates associated with BSC. Together, they determine the future of decentralized finance and blockchain networks.