The decentralized finance (DeFi) sector has seen a decrease in total value locked (TVL) this week, according to data from DefiLlama. The rankings of the top blockchains by TVL are led by Ethereum, followed by Solana, Bitcoin, and Tron, based on their performance over the past week. Other notable chains in the top 10 include Binance Smart Chain, Base, Arbitrum, Berachain, Sui, and Avalanche.
Ethereum remains at the top of the list with a TVL of $55.561 billion, despite experiencing a significant 14.41% decline in the past seven days. Solana has secured the second position with a TVL of $9.064 billion, reflecting a substantial 16.31% decrease. Bitcoin follows closely behind in third place, with a TVL of $6.676 billion and a 4.39% drop. Tron is in fourth place with a TVL of $5.668 billion, recording a 13.88% decrease. Binance Smart Chain rounds out the top five with a TVL of $5.067 billion, down by 8.65%.
Base holds the sixth spot on the list with a TVL of $3.056 billion, marking a 4.32% decrease. Arbitrum comes in at seventh place with a TVL of $2.688 billion, experiencing a 10.45% decline. Berachain and Sui occupy the eighth and ninth positions, with TVLs of $1.806 billion and $1.364 billion respectively. Avalanche trails behind with a TVL of $1.241 billion, showing a 12.97% decrease.
The overall trend among the top blockchains indicates a short-term downturn in TVL. Despite the fluctuations, these rankings offer valuable insights into the performance of different chains in the DeFi space. Stay tuned for more updates on the evolving landscape of decentralized finance.