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Thursday, July 25, 2024
BlockchainEthereum Leads the Top 10 Chains with the Highest Total Value Locked...

Ethereum Leads the Top 10 Chains with the Highest Total Value Locked TVL This Week

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This week, the top 10 blockchain chains have revealed the total value locked (TVL), and Ethereum has emerged as the clear leader. According to DefiLlama data, Ethereum holds the top spot with an impressive $61.14 billion locked in its ecosystem, showcasing its dominance in the DeFi space.

While Ethereum takes the lead, Tron follows closely behind with a TVL of $8.20 billion. Although Ethereum seems to outperform Tron in every aspect, Tron’s metrics indicate strong user interaction and usage of its DeFi services. Occupying the third position is BSC with $5 billion in TVL, demonstrating its continued relevance as a preferred platform for dApps and services.

Completing the top five chains are Solana and Arbitrum. Solana, known for its high transaction speed, boasts a TVL of $4.152 billion, while Arbitrum, a layer-2 scaling solution for Ethereum, holds $2.874 billion. Both chains highlight the expansion and diversification of the DeFi market and its products.

Blast and Base have also made their mark, with TVLs of $1.971 billion and $1.59 billion, respectively, securing them a spot in the top ten. This trend indicates the growing popularity of blockchain platforms.

In the last two positions, Merlin and Bitcoin have a TVL of a billion dollars each. Merlin has $1.182 billion, while Bitcoin has $1.068 billion locked into its ecosystem. Polygon rounds out the top ten with $867.41 million, maintaining its position among the leading DeFi platforms.


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