Top 10 Blockchains by Weekly TVL: Ethereum, Solana Lead Amid DeFi Downturn

The DeFi sector has witnessed a notable downturn during this week. As per the data from DefiLlama, the top blockchains in terms of total value locked (TVL) witnessed Ethereum, Solana, and Bitcoin in the leading positions amid an overall decline. The other prominent chains in the top-10 list of DefiLlama include Tron, BSCC, Base, Arbitrum, Sui, Avalanche, and Hyperliquid.

Ethereum Maintains Lead Position among Top Chains with $62.933B in TVL

Ethereum stands on the leading spot in the list of top chains based on total value locked. In this respect, its total value locked has reached $62.933B, showing a -4.29% decline over the recent seven days. Following this, Solana takes the 2nd position with a cumulative $10.252B in TVL. This accounts for a -11.55% dip over the week. Additionally, Bitcoin occupies the 3rd place in the list with its TVL touching the $6.893B, highlighting a -3.93% weekly decrease.

The 4th prominent blockchain in the list is Tron as its TVL is $6.321B, signifying an overall -15.04% plunge over 7 days. The next top player is Binance Smart Chain which has recorded a total value locked of up to $5.417B. This figure points toward a -1.76% slump over this week. After that, the Base blockchain reportedly gets the 6th place among the notable blockchains in terms of total value locked. Hence, its TVL is almost $3.073B, displaying a -15.35% weekly dip.

Hyperliquid Bottoms List with $986.94M in TVL

DefiLlama’s list moves on to include Arbitrum in the 7th position with a $2.921B in its TVL. This indicates a -3.88% decline over the past seven days. The 8th spot is taken by Sui with a $1.632B, accounting for a -7.52% decrease. Subsequently, Avalanche’s TVL is $1.366B with a -7.05% dip. Moreover, Hyperliquid stands in the 10th position with $986.94M, denoting a sheer -24.81% weekly slump.

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