Recent data from DefiLlama shows the growth of TVL (total value locked) across various blockchains. Ethereum remains the leader in DeFi, followed by Solana and Bitcoin.
Overview of TVL in DeFi
TVL is a crucial indicator of blockchain success in the DeFi sector. It reflects investors' interest in different networks, validated by recent figures. Currently, the total TVL of the DeFi market stands at $140.693 billion.
Top Chains by TVL
1. **Ethereum**: $84.053 billion (17.05% increase)
2. **Solana**: $9.864 billion (8.41% increase)
3. **Bitcoin**: $7.056 billion (1.54% increase)
4. **BSC**: $6.734 billion (7.22% increase)
5. **Tron**: $5.915 billion (8.47% increase)
Other notable players include Base, Arbitrum, Sui, Hyperliquid, and Avalanche, with Base taking the 6th spot at $4.236 billion and a 10.58% increase.
The Significance of the DeFi Market
DeFi ecosystems across different chains provide various advantages for users. Ethereum is known for its developed DApps and smart contract capabilities. BNB attracts users with its low fees and fast transaction processing, while Bitcoin shows growth in DeFi, expanding its functions beyond the 'store of value'.
The data indicate that Ethereum, Solana, Bitcoin, and other chains occupy central positions in DeFi, continuing to attract both individual and institutional investors.
