The decentralized finance (DeFi) sector continues to gain momentum, attracting more investments into blockchain solutions. Among the most notable platforms today are Ethereum, Tron, Solana, BNB Chain, and Base, each making a significant contribution to the total value locked (TVL).

Ethereum Retains the Top Spot

Ethereum remains the leading blockchain with a TVL of $48.5B. Despite a 1.35% decrease over the last 30 days, it continues to support over 1,190 decentralized protocols, primarily due to its network effects and developed ecosystem.

Tron and Solana Secure Second and Third Positions

Tron holds the second position with a TVL of $6.97B, though this has decreased by 16.8% over the past month. Tron offers low transaction fees and stablecoin solutions, particularly for USDT. Solana, a rapidly rising player in DeFi, boasts a TVL of $6.20B, having increased by 24.2% over the month, with 165 protocols on its blockchain.

BNB Chain and Base Follow

BNB Chain holds the fourth position with a TVL of $4.69B, seeing a constant growth rate of 1.69% in the past 30 days and supporting over 804 protocols. Base has been in the market for some time, boasting a TVL of $2.48B, a 30.6% increase within one month. Base offers an Ethereum Layer 2 scaling solution that allows for faster and cheaper transactions.

Despite existing challenges in the cryptocurrency market, as blockchain networks develop further, competition for maximum TVL is increasing. As new protocols are deployed and Layer 2 rollups emerge, the DeFi space is prepared for further advancement.