The decentralized finance (DeFi) sector continues to make significant waves in the market, with Ethereum, Solana, and Bitcoin leading the pack in terms of total value locked (TVL) over the past week. According to DefiLlama, these blockchains have shown impressive performances, along with other notable contenders like Binance Smart Chain, Tron, Berachain, Base, Arbitrum, Sui, and Avalanche.
Ethereum ($ETH) remains the frontrunner in the DeFi space, boasting a staggering $50.918B in TVL. Despite a 13.87% decline over the past week, Ethereum maintains its position as the top blockchain. Solana ($SOL) follows closely behind with a TVL of $7.397B, experiencing an 11.74% decrease during the same period. Bitcoin ($BTC) secures the third spot with a TVL of $5.754B, reflecting a 12.14% decline in TVL over the week. Binance Smart Chain ($BSC) and Tron ($TRX) round out the top five with TVLs of $5.133B and $4.434B, respectively.
Further down the list, Berachain ($BERA) sees a 0.52% increase in TVL, reaching $3.292B. Base ($BASE) experiences an 11.81% change in TVL, bringing its total to almost $2.909B. Arbitrum ($ARB) follows with a TVL of $2.578B, showing a 12.98% decrease over the week. Sui ($SUI) records a 9.49% slump, resulting in a TVL of approximately $1.343B. Finally, Avalanche ($AVAX) closes out the top blockchains list with a 10.13% decrease in TVL, reaching $1.133B.
The DeFi space continues to evolve rapidly, with various blockchains vying for dominance in terms of TVL. These shifts in the market highlight the dynamic nature of decentralized finance and the opportunities it presents for investors and users alike. Stay tuned for more updates on the latest developments in the DeFi sector.