Ethereum,Tron,andSolanaareonthefrontlineintermsofTVL,althoughotherblockchainshavealsoleftsomeimpact.TheDeFispaceisgrowingslowly,andspecificblockchainsarestartingtobecomemarketleaders.TheTVLdenotestheamountofcapitalinvestedinablockchain’sDeFisolutionsandthusreflectsmarketconfidenceandparticipation.
Ethereum:TheDeFiPowerhouse
Ethereumremainsdominant,withtheTVLat$48.045B,controlling54.98%oftheDefimarket.Praisedforitsstabilityandthenumberofprotocolssupported(currently1,205),Ethereumremainsthemostpopularchoicefordevelopersandusers.However,theTVLdippedslightlyby0.67%daily;nevertheless,Ethereumsurged2.40%weeklyandahumongous7.69%monthly.
Tron:TheHigh-TrafficChallenger
TroncomessecondwithaTVLof$6.888B.Tronisfamousforitshightransactionthroughputandlowfees,whichattractedactiveaddresses(1.97M)under34protocols.However,withmonthlyandweeklystatistics,Tronhasastronguserbase,buttheweeklybalancedeterioratedby3.31%overtheweek,andtheTVLfellby9.47%permonth.Thenetwork,however,markeda0.19%dailyincrease,meaningthatthesituationmightbegraduallystabilizing.
Solana:TheFast-GrowingContender
Withthirdplace,Solanaattracted$6.084BoftheTVL,participatesin172protocols,andhasmorethan4.225Mactiveaddressesduetothehighspeedandlowtransactioncosts,massiveadoptioninareassuchasNFTsandDeFionSolana.However,SolanasawadecreaseinitsTVLinthelast24hours,whichstoodat-0.64%andaweeklydeclineof-6.01%.However,Solanahadamonthlyincreaseof+20.11%,whichhintsatheightenedactivityinitsecosystem.
BSC(BinanceSmartChain)andBase:TheRisingStars
BSCcurrentlyranksfourthwithaTVLof$4.548Bin806protocols.Manypeopleuseit;currently,909,752addressesareactiveandconsideredthecheapercounterparttoEthereum.ThebasetakesfifthplacewiththeTVLof$2.5Band1.42Mactiveaddresses.ThisEthereumLayer-2solution,startedbyCoinbase,recordedaTVLincrease,showingpositivityinadoptionanduseasascalableinfrastructurewithintheEthereumblockchain.
Arbitrum,Bitcoin,andPolygon
ArbitrumcomesinsixthplacewiththeTVLof$2.369Bandtheparticipationof462,530addressesin721protocols.Beingoneofthemostwell-knownEthereumLayer-2scalingsolutions,itfellby0.27%withinadaybutincreasedby1.53%withinaweekandgained0.30%withinamonth.Meanwhile,BitcoinDeFicontinuesgrowingwithaTVLof$2.26Band819,093activeaddresses,andapplicationslikeStacksallowsmartcontracts.
TheLayer-2Ethereumsolution,Polygon,hasaTVLof$1.187Bacross581protocolswith497,573activeaddresses.
AvalancheandSui:TheEmergingBlockchain
Recognizedforitsvelocityandgrowthcapability,AvalanchehasaTVLof$1.013Bandhas410protocolsand34,708activeaddresses.
Closingthetop10,Suihasa$1.012BTVL.AlthoughSuihasbeenslightlyupby0.25%indailytradingandahealthy9.43%duringweeklytrading,ithashadaslighttumbleinmonthlytrading.
ThecurrentrankingsofthetenbiggestblockchainsinTVLprovideagoodpictureoftheDeFimarket.AsDeFiprogressestothenextstageinevolution,theseblockchainswillplayanexceedinglysignificantroleinthefutureoffinancialservices,witheachleadinginitsspecificnicheandexpectedgrowthrate.
blockchainreporter.net