The decentralized finance (DeFi) sector continues to expand, with over $8.4 billion locked in blockchain solutions. The most prominent blockchains in terms of total value locked (TVL) are Ethereum, Tron, Solana, BNB Chain, and Base. Ethereum remains dominant with a TVL of $48.5 billion, followed by Tron at $6.97 billion and Solana at $6.20 billion. BNB Chain and Base also hold substantial TVL amounts. Other emerging players in the DeFi space include Arbitrum, Bitcoin, Polygon, Avalanche, Sui, Aptos, Scroll, Hyperliquid, Blast, and Optimism. As the competition for TVL increases, new protocols and solutions are expected to drive further development in the DeFi market.
- Content Editor ( blockchainreporter.net )
- 2024-10-23
$88.4B Locked in Blockchain Protocols: Ethereum, Tron, Solana, BNB Chain, and Base Lead the Way