The DeFi world has gone through a decline in terms of total value locked (TVL) this week. As per the data from DefiLlama, the prominent blockchains based on TVL include Ethereum in the top position while Solana, Bitcoin, and Tron follow it, as their weekly performance suggests. The other top chains take into account BSC, Base, Arbitrum, Berachain, Sui, as well as Avalanche.
Ethereum Dominates Top Chains by TVL, Accounting for $55.561B
DefiLlama’s list of top 10 blockchains when it comes to total value locked sees Ethereum at the peak place. Nonetheless, the blockchain has been hit by a massive 14.41% dip over the recent seven days. As a result of this, Ethereum’s TVL has plunged to $55.561B. In addition to this, Solana has obtained the 2nd position with a $9.064B in its total value locked. This amount accounts for a huge 16.31% decline over the week.
Following that, Bitcoin has occupied the 3rd rank among the top blockchains. It has reportedly seen a 4.39% slump in its TVL which has then reached the $6.676B mark. It is followed by another well-known player Tron. With its TVL attaining the $5.668B spot, Tron has recorded a 13.88% over the past 7 days. After that, Binance Smart Chain also experienced a loss of 8.65% in its TVL. As a result of this, it stands in the 5th place in the list with its TVL touching $5.067B.
Subsequently, Base has beheld the 6th name in the list with an overall 4.32% decrease in total value locked. Because of this weekly dip, its present TVL is nearly $3.056B. Additionally, another top chain in line with TVL is Arbitrum, accounting for a $2.688B mark. Nonetheless, over the recent seven days, it has witnessed a 10.45% decline in TVL.
Avalanche Comes Last among Prominent Blockchains Based on Total Value Locked
While moving on, DefiLlama’s list includes Berachain in the 8th position. The blockchain’s total value locked has reportedly touched $1.806B. Apart from that, Sui’s $1.364B in TVL denotes a 21.16% decrease over the past 7 days. Moreover, Avalanche’s TVL is approximately $1.241B. This figure underscores a 12.97% weekly decrease in TVL. Keeping this in view, the TVL progress of the top blockchains displays a short-term downturn.
