• bitcoinBitcoin (BTC) $ 117,616.00
  • ethereumEthereum (ETH) $ 3,547.58
  • xrpXRP (XRP) $ 3.41
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 730.77
  • solanaSolana (SOL) $ 175.35
  • usd-coinUSDC (USDC) $ 0.999902
  • dogecoinDogecoin (DOGE) $ 0.234838
  • staked-etherLido Staked Ether (STETH) $ 3,535.63
  • tronTRON (TRX) $ 0.325386
  • cardanoCardano (ADA) $ 0.812950
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,577.00
  • wrapped-stethWrapped stETH (WSTETH) $ 4,266.28
  • hyperliquidHyperliquid (HYPE) $ 44.09
  • stellarStellar (XLM) $ 0.458176
  • suiSui (SUI) $ 3.75
  • chainlinkChainlink (LINK) $ 17.69
  • hedera-hashgraphHedera (HBAR) $ 0.262148
  • bitcoin-cashBitcoin Cash (BCH) $ 513.18
  • avalanche-2Avalanche (AVAX) $ 23.49
  • wrapped-eethWrapped eETH (WEETH) $ 3,789.48
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • leo-tokenLEO Token (LEO) $ 8.98
  • wethWETH (WETH) $ 3,546.21
  • the-open-networkToncoin (TON) $ 3.19
  • litecoinLitecoin (LTC) $ 101.50
  • usdsUSDS (USDS) $ 1.00
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • polkadotPolkadot (DOT) $ 4.22
  • whitebitWhiteBIT Coin (WBT) $ 44.09
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,602.00
  • uniswapUniswap (UNI) $ 10.13
  • moneroMonero (XMR) $ 318.42
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.83
  • pepePepe (PEPE) $ 0.000013
  • aaveAave (AAVE) $ 319.49
  • bittensorBittensor (TAO) $ 406.71
  • crypto-com-chainCronos (CRO) $ 0.117009
  • daiDai (DAI) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 23.24
  • aptosAptos (APT) $ 5.32
  • pi-networkPi Network (PI) $ 0.447865
  • nearNEAR Protocol (NEAR) $ 2.79
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 1.01
  • internet-computerInternet Computer (ICP) $ 5.69
  • jito-staked-solJito Staked SOL (JITOSOL) $ 213.49
  • okbOKB (OKB) $ 48.42
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • mantleMantle (MNT) $ 0.775607
  • algorandAlgorand (ALGO) $ 0.293400
  • bonkBonk (BONK) $ 0.000033
  • ethenaEthena (ENA) $ 0.388347
  • kaspaKaspa (KAS) $ 0.091849
  • vechainVeChain (VET) $ 0.027156
  • arbitrumArbitrum (ARB) $ 0.450414
  • cosmosCosmos Hub (ATOM) $ 4.86
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,547.60
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.235759
  • render-tokenRender (RENDER) $ 4.02
  • gatechain-tokenGate (GT) $ 17.07
  • sei-networkSei (SEI) $ 0.346890
  • official-trumpOfficial Trump (TRUMP) $ 10.00
  • worldcoin-wldWorldcoin (WLD) $ 1.13
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.753932
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030948
  • fasttokenFasttoken (FTN) $ 4.52
  • filecoinFilecoin (FIL) $ 2.75
  • susdssUSDS (SUSDS) $ 1.06
  • skySky (SKY) $ 0.083772
  • binance-staked-solBinance Staked SOL (BNSOL) $ 186.86
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,483.00
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,710.34
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,037.73
  • quant-networkQuant (QNT) $ 113.93
  • spx6900SPX6900 (SPX) $ 1.73
  • jupiter-exchange-solanaJupiter (JUP) $ 0.532291
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.92
  • kucoin-sharesKuCoin (KCS) $ 11.93
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996590
  • usdtbUSDtb (USDTB) $ 0.999939
  • pump-funPump.fun (PUMP) $ 0.004095
  • celestiaCelestia (TIA) $ 1.96
  • xdce-crowd-saleXDC Network (XDC) $ 0.085995
  • flare-networksFlare (FLR) $ 0.019878
  • story-2Story (IP) $ 4.67
  • usdt0USDT0 (USDT0) $ 1.00
  • fartcoinFartcoin (FARTCOIN) $ 1.34
  • curve-dao-tokenCurve DAO (CRV) $ 0.972252
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,726.56
  • injective-protocolInjective (INJ) $ 13.59
  • nexoNEXO (NEXO) $ 1.32
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,793.70
  • blockstackStacks (STX) $ 0.832066
  • optimismOptimism (OP) $ 0.745496
  • flokiFLOKI (FLOKI) $ 0.000133
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,825.40
  • sonic-3Sonic (S) $ 0.378500
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,465.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,723.47
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.72
  • immutable-xImmutable (IMX) $ 0.579398
  • the-graphThe Graph (GRT) $ 0.106376
  • dogwifcoindogwifhat (WIF) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999889
  • kaiaKaia (KAIA) $ 0.167941
  • wbnbWrapped BNB (WBNB) $ 730.59
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 197.51
  • lido-daoLido DAO (LDO) $ 1.06
  • pax-goldPAX Gold (PAXG) $ 3,354.11
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,516.00
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.65
  • vaultaVaulta (A) $ 0.578338
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.45
  • clbtcclBTC (CLBTC) $ 117,634.00
  • iotaIOTA (IOTA) $ 0.228672
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.10
  • theta-tokenTheta Network (THETA) $ 0.875926
  • paypal-usdPayPal USD (PYUSD) $ 0.999822
  • msolMarinade Staked SOL (MSOL) $ 229.89
  • galaGALA (GALA) $ 0.018677
  • tether-goldTether Gold (XAUT) $ 3,346.35
  • jasmycoinJasmyCoin (JASMY) $ 0.016799
  • the-sandboxThe Sandbox (SAND) $ 0.321445
  • super-oethSuper OETH (SUPEROETH) $ 3,543.56
  • aerodrome-financeAerodrome Finance (AERO) $ 0.895665
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,790.34
  • pyth-networkPyth Network (PYTH) $ 0.129823
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,683.19
  • raydiumRaydium (RAY) $ 2.74
  • pendlePendle (PENDLE) $ 4.44
  • tezosTezos (XTZ) $ 0.694094
  • zcashZcash (ZEC) $ 44.75
  • saros-financeSaros (SAROS) $ 0.275456
  • ousgOUSG (OUSG) $ 111.86
  • bittorrentBitTorrent (BTT) $ 0.00000071
  • heliumHelium (HNT) $ 3.79
  • jito-governance-tokenJito (JTO) $ 1.92
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999018
  • flowFlow (FLOW) $ 0.415589
  • morphoMorpho (MORPHO) $ 2.04
  • falcon-financeFalcon USD (USDF) $ 0.999962
  • tbtctBTC (TBTC) $ 117,476.00
  • decentralandDecentraland (MANA) $ 0.328212
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • chain-2Onyxcoin (XCN) $ 0.018272
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,540.42
  • newton-projectAB (AB) $ 0.008853
  • walrus-2Walrus (WAL) $ 0.435323
  • mog-coinMog Coin (MOG) $ 0.000002
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.232911
  • telcoinTelcoin (TEL) $ 0.006401
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,663.00
  • memecoreMemeCore (M) $ 0.354179
  • usual-usdUsual USD (USD0) $ 0.997839
  • bitcoin-svBitcoin SV (BSV) $ 29.08
  • thorchainTHORChain (RUNE) $ 1.61
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,726.00
  • based-brettBrett (BRETT) $ 0.055922
  • stader-ethxStader ETHx (ETHX) $ 3,769.32
  • coredaoorgCore (CORE) $ 0.545368
  • apecoinApeCoin (APE) $ 0.669263
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009086
  • conflux-tokenConflux (CFX) $ 0.103285
  • ripple-usdRipple USD (RLUSD) $ 0.999719
  • ether-fiEther.fi (ETHFI) $ 1.26
  • beldexBeldex (BDX) $ 0.073624
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,546.06
  • wrapped-hypeWrapped HYPE (WHYPE) $ 44.08
  • savings-daiSavings Dai (SDAI) $ 1.16
  • usddUSDD (USDD) $ 1.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,907.61
  • build-onBUILDon (B) $ 0.509969
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,518.56
  • dydx-chaindYdX (DYDX) $ 0.661589
  • starknetStarknet (STRK) $ 0.137884
  • true-usdTrueUSD (TUSD) $ 1.00
  • compound-governance-tokenCompound (COMP) $ 51.61
  • neoNEO (NEO) $ 6.86
  • arweaveArweave (AR) $ 7.34
  • elrond-erd-2MultiversX (EGLD) $ 16.60
  • aioz-networkAIOZ Network (AIOZ) $ 0.393459
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.48
  • deepDeepBook (DEEP) $ 0.186528
  • apenftAPENFT (NFT) $ 0.00000047
  • swethSwell Ethereum (SWETH) $ 3,828.69
  • kavaKava (KAVA) $ 0.419961
  • dexeDeXe (DEXE) $ 7.94
  • syrupMaple Finance (SYRUP) $ 0.421648
  • venomVenom (VENOM) $ 0.212624
  • ecasheCash (XEC) $ 0.000022
  • 1inch1inch (1INCH) $ 0.315606
  • axie-infinityAxie Infinity (AXS) $ 2.64
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • frax-etherFrax Ether (FRXETH) $ 3,535.47
  • zksyncZKsync (ZK) $ 0.059131

Top 5 Blockchains by TVL in 2024: Eth Dominates DeFi

0 35

Top 5 Blockchains by TVL in 2024: Eth Dominates DeFi

If you are into DeFi, you definitely have heard the term “Total Value Locked” before. It’s basically a way to measure how much value is secured within the smart contracts of a blockchain. The higher the TVL, the more adoption a blockchain usually has in DeFi. Here are the top 5 blockchains by TVL that are ruling the DeFi space: Ethereum, Tron, Solana, Binance Smart Chain (BSC), and Arbitrum.

Together, they dominate the DeFi scene. But here’s a surprise—Bitcoin isn’t even in the top 10 by TVL. Weird, right? Let’s dive into what makes these blockchains tick and why Bitcoin isn’t one of them.

Top 5 Blockchains by TVL in 2024: Eth Dominates DeFi

Source : CoinMarketCap

Ethereum: The King of DeFi

TVL: $121.26 billion

Protocols: 1,354

Market Cap: $391.73 billion

TVL Change: -0.71% (1 day), -17.11% (1 week), +1.09% (1 month)

Ethereum sits comfortably at the top. No one’s even close to dethroning it. With over a thousand protocols and the highest TVL, it’s the go-to blockchain for DeFi projects. Sure, there’s been a slight dip over the past week, but the monthly growth shows Ethereum isn’t slowing down anytime soon.

Top 5 Blockchains by TVL in 2024: Eth Dominates DeFi

Source : CoinMarketCap

Tron and Solana: Solid Players but Not Without Issues

Tron (TRX)

TVL: $8.34 billion

Protocols: 68

Market Cap: $20.97 billion

TVL Change: -0.21% (1 day), -16.02% (1 week), -9.75% (1 month)

Tron is doing pretty well, especially considering it only has 68 protocols. That’s tiny compared to Ethereum, but it still holds second place. Stablecoin operations are its bread and butter, which seems to work for now.

Solana (SOL)

TVL: $6.2 billion

Protocols: 213

Market Cap: $86.01 billion

TVL Change: -0.31% (1 day), -14.66% (1 week), -16.52% (1 month)

Solana’s known for being fast and cheap, but it’s having a rough month. TVL is down quite a bit, and that’s something to keep an eye on. Still, it’s a favorite for developers, and that counts for a lot.

Binance Smart Chain and Arbitrum: Focused on Scalability

Binance Smart Chain (BSC)

TVL: $6.05 billion

Protocols: 862

Market Cap: $92.77 billion

TVL Change: -0.96% (1 day), -9.20% (1 week), +0.82% (1 month)

BSC’s strength lies in its scalability. Developers like it because it’s compatible with Ethereum, which makes transitioning easier. The recent TVL dip is noticeable, but its monthly growth shows some signs of recovery.

Arbitrum (ARB)

TVL: $3.41 billion

Protocols: 773

Market Cap: $3.11 billion

TVL Change: -0.67% (1 day), -16.36% (1 week), -5.42% (1 month)

Arbitrum is a bit different. It’s not a standalone blockchain but a Layer-2 solution for Ethereum. It helps make Ethereum faster and cheaper to use, which is why people like it.

What About Bitcoin?

Here’s the curveball. Bitcoin could not get a place in the top 5 blockchains by TVL even though it is the biggest cryptocurrency by market cap. It ranks at 13th by total value locked. Its TVL is just $429.52 million. That’s wild, considering its dominance in the broader crypto space. Interestingly, Bitcoin’s TVL has grown by 52.82% this month. Maybe it’s starting to carve out a new role in DeFi? It’s too early to say, but the numbers are intriguing.

What to Expect

Ethereum isn’t going anywhere, and the competition is heating up. Even though in the whole crypto space Ethereum is at number two with a market dominance of 12.2%, in DeFi, it is the king with 64.90% dominance. Bitcoin’s role in DeFi is evolving, even if it’s nowhere near the top players. If you’re keeping tabs on DeFi trends, watching these blockchains might give you a clue about where the future of finance is heading.

Source

Leave A Reply

Your email address will not be published.