According to data from DeFiLlama, Ethereum-based DeFi projects have a total TVL of $41 billion. The leading altcoin accounts for nearly all of the TVL in DeFi across the coin.
Top 8 altcoins according to TVL
Total Locked Value (TVL) in decentralized finance (DeFi) platforms is $44.96 billion as of June 25. According to data from DeFiLlama, the total TVL of Ethereum-based DeFi projects is $41.6 billion. According to data provided by DefiLlama, the Tier-1 and Tier-2 networks host a total of $41.6 billion. The Blockchain with the most TVL in DeFi is, you guessed it, locked Ethereum. Ethereum network in terms of TVL, $24.3 billion with is at the top by far.
After Ethereum comes Justin Sun’s Tron (TRX) with $5.65 billion TVL.
BNB Chain is the third most popular Blockchain location. In this direction, BNB Chain is following Tron with $3.4 billion TVL. However, in terms of market cap, BNB is worth 8x higher than TRX. This draws attention.
After BNB Chain comes Arbitrum, a Tier-2 network. The total value (TVL) locked in the top three Ethereum Tier-2 Blockchains has increased significantly since its inception. However, there was a significant difference in usage and TVL on Blockchain. Arbitrum, the latest blockchain to gain widespread popularity, has taken the lead in Tier-2 in terms of TVL and usage. Arbitrum is followed by Polygon, another Ethereum Layer-2 network.
Polygon is followed by Optimisim with $804 million, Avalanche with $707 million and Mixin with $443 million.
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