The decentralized finance (DeFi) market has seen a decline in total value locked (TVL) this week, according to data from DefiLlama. Ethereum remains the top blockchain in terms of TVL, but it has experienced a 14.41% dip over the past seven days, bringing its TVL to $55.561 billion. Solana has secured the second position with a TVL of $9.064 billion, a decrease of 16.31% over the week. Bitcoin ranks third with a 4.39% slump in TVL, reaching $6.676 billion. Tron follows closely behind with a TVL of $5.668 billion, a 13.88% decline. Other top blockchains in the list include Binance Smart Chain, Base, Arbitrum, Berachain, Sui, and Avalanche, all of which have experienced varying degrees of decline in their TVL. Overall, the TVL progress of the top blockchains indicates a short-term downturn.



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