Bitcoin

Ethereum

TRON

Solana

Arbitrum

<p>DeFi grows further with a value of more than $8.4B locked in different blockchain solutions. The most represented blockchains are Ethereum, Tron, Solana, BNB Chain, and Base, which account for a considerable share of the total value locked (TVL). According to information from DeFiLamma, the new entrants are joining the competition for the higher TVL.</p><h2 id="header-0">Ethereum Retains the Top Spot</h2><p><a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum</a> continues to dominate blockchain, with TVL at $48.5B. There is still a wide range of decentralized protocols, over 1,190, built on Ethereum despite a 1.35% decrease in the last 30 days, primarily because of its network effects and developed ecosystem.</p><h2 id="header-1">Tron and Solana Secure Second and Third Positions</h2><p>Taking the second position is Tron with the $6.97B TVL, but, unfortunately, it decreased by 16.8% over the past 30 days. Tron has low transaction fees and provides solutions for stablecoins, especially USDT.</p><p><a href="https://blockchainreporter.net/solana-price/" rel="noopener noreferrer nofollow">Solana</a> is a relatively new DeFi player that is quickly climbing up the charts with its TVL of $6.20B, which has risen by 24.2% in a month. Solana has 165 protocols on its blockchain.</p><h2 id="header-2">BNB Chain and Base Follow</h2><p><a href="https://www.bnbchain.org/en/bnb-smart-chain" rel="noopener noreferrer nofollow">BNB Chain</a> is the fourth largest blockchain by TVL, containing $4.69B in value. The BNB Chain has seen a constant growth rate of 1.69% during the past 30 days and has more than 804 protocols.</p><p>The base has been in the market for some time, boasting a TVL of $2.48B, a 30.6% increase within one month. The base is an Ethereum Layer 2 scaling solution with optimistic rollups that can afford to be transacted at a higher speed for less cost.</p><h2 id="header-3">Arbitrum, Bitcoin, and Polygon Contribute Strongly</h2><p>Another Ethereum Layer 2 scaling solution is Arbitrum, which has locked in $2.39B but has dipped 7.30%in a month. Arbitrum is still moving to prominence as more users look for affordable and efficient solutions.</p><p>Initially a digital currency primarily for storing value, Bitcoin is now widely integrated into DeFi through different platforms that offer BTC-based tokens. It holds $ 2.17B in value today, up an incredible 142% over the last 30 days.</p><p>Polygon has a TVL of $1.05B, which has risen by 16.8% in a month. On this front, Polygon currently stands with 579 protocols because developers prefer to work with a Layer 2 chain solution.</p><h2 id="header-4">Avalanche and Sui Among Rising Contenders</h2><p>Avalanche secured $1.04B TVL, which increased by 8.53%. Likewise, the newer blockchain protocol, Sui, received $991M in TVL, which increased by 14.2%. Such platforms are drawing the developers and users who seek the most scalable solutions with revolutionary consensus mechanisms.</p><h2 id="header-5">Emerging Players: Aptos, Scroll, Hyperliquid and others</h2><p>Aptos, Scroll, and Hyperliquid are emerging slowly. At Aptos, TVL has soared by an incredible 68.6%, grossing $887M in value. Scroll has $788M locked, while $756M is locked in Hyperliquid. These platforms indicate that there is variety and product differentiation in the DeFi market. Last on the chart are blast and optimism, with TVL of $696M and $667M, respectively.</p><p>Due to the existing challenges in the cryptocurrency market, it is apparent that as blockchain-based networks develop further, the competition to occupy the maximum TVL will increase. As new protocols are deployed and solutions such as Layer 2 rollups are steadily emerging, the DeFi space is ready for further development.</p>

$88.4B Locked in Blockchain Protocols: Ethereum, Tron, Solana, BNB Chain, and Base Lead the Way

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