• bitcoinBitcoin (BTC) $ 117,886.00
  • ethereumEthereum (ETH) $ 3,801.91
  • xrpXRP (XRP) $ 3.14
  • tetherTether (USDT) $ 0.999772
  • bnbBNB (BNB) $ 808.61
  • solanaSolana (SOL) $ 181.52
  • usd-coinUSDC (USDC) $ 0.999777
  • staked-etherLido Staked Ether (STETH) $ 3,795.71
  • dogecoinDogecoin (DOGE) $ 0.225171
  • tronTRON (TRX) $ 0.337381
  • cardanoCardano (ADA) $ 0.786010
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,796.00
  • wrapped-stethWrapped stETH (WSTETH) $ 4,569.34
  • hyperliquidHyperliquid (HYPE) $ 43.11
  • stellarStellar (XLM) $ 0.423050
  • suiSui (SUI) $ 3.81
  • chainlinkChainlink (LINK) $ 17.89
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,075.62
  • bitcoin-cashBitcoin Cash (BCH) $ 567.66
  • hedera-hashgraphHedera (HBAR) $ 0.263871
  • wrapped-eethWrapped eETH (WEETH) $ 4,047.39
  • avalanche-2Avalanche (AVAX) $ 24.37
  • wethWETH (WETH) $ 3,794.68
  • litecoinLitecoin (LTC) $ 109.10
  • leo-tokenLEO Token (LEO) $ 8.96
  • the-open-networkToncoin (TON) $ 3.38
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • usdsUSDS (USDS) $ 0.999617
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,800.00
  • whitebitWhiteBIT Coin (WBT) $ 44.02
  • uniswapUniswap (UNI) $ 10.41
  • polkadotPolkadot (DOT) $ 3.90
  • moneroMonero (XMR) $ 315.25
  • bitget-tokenBitget Token (BGB) $ 4.53
  • pepePepe (PEPE) $ 0.000012
  • crypto-com-chainCronos (CRO) $ 0.143774
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • aaveAave (AAVE) $ 282.79
  • daiDai (DAI) $ 0.999880
  • ethenaEthena (ENA) $ 0.578036
  • bittensorBittensor (TAO) $ 383.06
  • nearNEAR Protocol (NEAR) $ 2.72
  • pi-networkPi Network (PI) $ 0.427966
  • ethereum-classicEthereum Classic (ETC) $ 21.80
  • aptosAptos (APT) $ 4.59
  • ondo-financeOndo (ONDO) $ 0.958472
  • internet-computerInternet Computer (ICP) $ 5.46
  • okbOKB (OKB) $ 48.08
  • jito-staked-solJito Staked SOL (JITOSOL) $ 221.06
  • mantleMantle (MNT) $ 0.767931
  • kaspaKaspa (KAS) $ 0.095973
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.037997
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,806.88
  • algorandAlgorand (ALGO) $ 0.261185
  • bonkBonk (BONK) $ 0.000029
  • usd1-wlfiUSD1 (USD1) $ 0.999366
  • arbitrumArbitrum (ARB) $ 0.423175
  • vechainVeChain (VET) $ 0.025355
  • cosmosCosmos Hub (ATOM) $ 4.59
  • gatechain-tokenGate (GT) $ 17.62
  • render-tokenRender (RENDER) $ 3.92
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.221303
  • fasttokenFasttoken (FTN) $ 4.58
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • official-trumpOfficial Trump (TRUMP) $ 9.49
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.711967
  • spx6900SPX6900 (SPX) $ 1.98
  • sei-networkSei (SEI) $ 0.317664
  • skySky (SKY) $ 0.085794
  • susdssUSDS (SUSDS) $ 1.06
  • binance-staked-solBinance Staked SOL (BNSOL) $ 191.96
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,305.09
  • filecoinFilecoin (FIL) $ 2.57
  • quant-networkQuant (QNT) $ 120.73
  • flare-networksFlare (FLR) $ 0.024644
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,980.55
  • story-2Story (IP) $ 5.71
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,518.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.05
  • xdce-crowd-saleXDC Network (XDC) $ 0.100070
  • jupiter-exchange-solanaJupiter (JUP) $ 0.537829
  • usdtbUSDtb (USDTB) $ 0.999809
  • kucoin-sharesKuCoin (KCS) $ 11.34
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,021.28
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,062.02
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,104.73
  • injective-protocolInjective (INJ) $ 14.14
  • usdt0USDT0 (USDT0) $ 0.999120
  • curve-dao-tokenCurve DAO (CRV) $ 0.985317
  • celestiaCelestia (TIA) $ 1.86
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996768
  • nexoNEXO (NEXO) $ 1.32
  • optimismOptimism (OP) $ 0.724539
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,995.66
  • blockstackStacks (STX) $ 0.776076
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999446
  • falcon-financeFalcon USD (USDF) $ 0.999618
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 118,127.00
  • flokiFLOKI (FLOKI) $ 0.000116
  • fartcoinFartcoin (FARTCOIN) $ 1.10
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 203.78
  • conflux-tokenConflux (CFX) $ 0.212282
  • wbnbWrapped BNB (WBNB) $ 809.32
  • immutable-xImmutable (IMX) $ 0.555351
  • the-graphThe Graph (GRT) $ 0.102003
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • sonic-3Sonic (S) $ 0.307780
  • pump-funPump.fun (PUMP) $ 0.002792
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.86
  • dogwifcoindogwifhat (WIF) $ 0.985400
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 28.65
  • pax-goldPAX Gold (PAXG) $ 3,331.72
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,618.00
  • msolMarinade Staked SOL (MSOL) $ 237.73
  • kaiaKaia (KAIA) $ 0.159609
  • clbtcclBTC (CLBTC) $ 120,697.00
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • lido-daoLido DAO (LDO) $ 1.04
  • saros-financeSaros (SAROS) $ 0.355190
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.38
  • tezosTezos (XTZ) $ 0.851440
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,761.71
  • vaultaVaulta (A) $ 0.543852
  • theta-tokenTheta Network (THETA) $ 0.852908
  • tether-goldTether Gold (XAUT) $ 3,328.57
  • super-oethSuper OETH (SUPEROETH) $ 3,797.09
  • raydiumRaydium (RAY) $ 3.04
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,067.10
  • iotaIOTA (IOTA) $ 0.202654
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,916.10
  • jasmycoinJasmyCoin (JASMY) $ 0.016076
  • galaGALA (GALA) $ 0.016814
  • pyth-networkPyth Network (PYTH) $ 0.126371
  • pendlePendle (PENDLE) $ 4.40
  • the-sandboxThe Sandbox (SAND) $ 0.295901
  • aerodrome-financeAerodrome Finance (AERO) $ 0.827507
  • ousgOUSG (OUSG) $ 111.98
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • jito-governance-tokenJito (JTO) $ 1.91
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999591
  • tbtctBTC (TBTC) $ 117,631.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,798.04
  • zcashZcash (ZEC) $ 40.24
  • flowFlow (FLOW) $ 0.394573
  • newton-projectAB (AB) $ 0.008485
  • stader-ethxStader ETHx (ETHX) $ 4,039.08
  • heliumHelium (HNT) $ 3.20
  • walrus-2Walrus (WAL) $ 0.424632
  • usual-usdUsual USD (USD0) $ 0.997614
  • morphoMorpho (MORPHO) $ 1.80
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • decentralandDecentraland (MANA) $ 0.302079
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.225266
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,746.00
  • usddUSDD (USDD) $ 0.999678
  • memecoreMemeCore (M) $ 0.344257
  • syrupMaple Finance (SYRUP) $ 0.469310
  • mog-coinMog Coin (MOG) $ 0.000001
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,644.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,798.08
  • bitcoin-svBitcoin SV (BSV) $ 27.75
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,183.91
  • chain-2Onyxcoin (XCN) $ 0.015924
  • beldexBeldex (BDX) $ 0.075894
  • coredaoorgCore (CORE) $ 0.538689
  • build-onBUILDon (B) $ 0.541971
  • based-brettBrett (BRETT) $ 0.052779
  • swethSwell Ethereum (SWETH) $ 4,151.52
  • ether-fiEther.fi (ETHFI) $ 1.21
  • keetaKeeta (KTA) $ 1.23
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008518
  • true-usdTrueUSD (TUSD) $ 0.997738
  • thorchainTHORChain (RUNE) $ 1.41
  • apecoinApeCoin (APE) $ 0.615324
  • arweaveArweave (AR) $ 7.54
  • telcoinTelcoin (TEL) $ 0.005319
  • apenftAPENFT (NFT) $ 0.00000049
  • neoNEO (NEO) $ 6.51
  • wrapped-hypeWrapped HYPE (WHYPE) $ 43.14
  • starknetStarknet (STRK) $ 0.127317
  • savings-daiSavings Dai (SDAI) $ 1.16
  • frax-etherFrax Ether (FRXETH) $ 3,771.68
  • zebec-networkZebec Network (ZBCN) $ 0.005272
  • aioz-networkAIOZ Network (AIOZ) $ 0.379809
  • dydx-chaindYdX (DYDX) $ 0.594794
  • compound-governance-tokenCompound (COMP) $ 47.62
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,798.21
  • elrond-erd-2MultiversX (EGLD) $ 15.21
  • ecasheCash (XEC) $ 0.000022
  • wemix-tokenWEMIX (WEMIX) $ 0.944671
  • sun-tokenSun Token (SUN) $ 0.022434
  • dexeDeXe (DEXE) $ 7.35
  • treehouse-ethTreehouse ETH (TETH) $ 4,605.86
  • kavaKava (KAVA) $ 0.386914
  • tripTrip (TRIP) $ 14.08

Top 5 Blockchains by TVL in 2024: Eth Dominates DeFi

0 36

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.

Verified by MonsterInsights