TVL is a crucial indicator that indicates the success and prosperity of blockchain networks in the Defi landscape.
New data from Defillama today mentioned top chains with top growth in TVL (the total value of assets locked in a specific blockchain) this week, an indicator that these networks attracted the interest of investors during the period.
Top 10 chains from TVL
Ethereum
According to the data, Ethereum has retained its status as a leader in the Defi world. It is the leading network for decentralized applications. According to the data, Ethereum currently has a TVL of $ 84.053 billion, an increase of 17.05% in the last seven days. The increases indicate that the growing trust of investors in the chain, which indicates an increase of $ 57.2 billion TVL noted a month ago, on 23 June.
Solana
Solana is in the second position with a TVL of $ 9,864 billion, an increase of 8.41% in the past week. These figures show a robust users of users enthusiasm and network utility, making Solana the chain with the second highest capital locked and on-chain activity in the Defi world.
Bitcoin
Bitcoin became third with a TVL of $ 7.056 billion, an increase of 1.54% during the period. This shows that Bitcoin Defi witnesses a huge increase in growth, with his TVL has so far risen from $ 307 million from January 2024 to the current level. This increase is equal to more than 1,900% jumped in the last 19 months. This indicates that Bitcoin tool is increasing enormously in the decentralized investment options, a relocation of the original ‘Store of Value’ application.
BSC
BSC is in fourth place with a TVL of $ 6.734 billion, an increase of 7.22% in the last seven days. This TVL reflects its strong defi-eco system and capital inflow to the chain, with low costs that traders attract and resilient activity on the chains that strengthen the value.
Tron
Fifth position on the list is Tron. The TVL is currently $ 5,915 billion, an increase of 8.47% a week, which confirms the status as one of the leading five Defi networks.
Other leading market performers
Other chains with excellent TVLs are base, arbitrum, sui, hyperliquid and avalanche, as stated in the data.
Base, an L2 blockchain, is in sixth place. The TVL is currently $ 4,236 billion, an increase of 10.58%, making it the largest Ethereum Layer-2 solution due to the total value of assets locked in Defi. Arbitrum followed with a TVL of $ 2,911 billion.
Sui, Hype and Avax also showed their fame in decentralized finances as illustrated in the data.
In other words, the above statistics show that these chains (ETH, SOL, BTC, BSC, TRX, BASE, ARB, SUI, Hype and Avax) are the core pillars of decentralized finances.
Currently, the entire TVL of the wider Defi market is $ 140.693 billion, an indication that the landscape becomes a legitimate market that draws institutional funds.
As reported in the data, different chainecosystems offer different benefits in the market, with Ethereum is known for developed ecosystems of Dapps and smart contract skills. BNB is preferred because of its cheaper gas costs and rapid transaction processing, while Bitcoin spends the growth of Defi utility, and many others.