The blockchain sector has seen a significant increase in Total Value Locked (TVL) according to Phoenix Group. Ethereum leads the market with a TVL of $86.3 billion and Solana ranks second with a TVL of $13 billion. Tron takes the third spot with $6.8 billion, followed by Binance Smart Chain with $5.9 billion. Other blockchains on the list include BASE, Arbitrum, Bitcoin, Avalanche, Polygon, SUI, Aptos, Thorchain, HyperLiquid, TON, and Optimism. The TVL of these blockchains ranges from $2.2 billion to $1.13 billion.



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