The DeFi ecosystem has seen a substantial boost over the past week, with top blockchains recording remarkable TVL growth. As per Lookonchain, the prominent blockchains in terms of significant surge in total value locked include Ethereum, Tron, Solana, and so on, expressing their growing adoption.
Ethereum Leads the Top Blockchains Based on Weekly TVL Growth
Ethereum dominated the blockchain based on the TVL growth, with a $7.79B surge over the recent 7 days. The respective spike denotes the resilient dApp ecosystem of Ethereum and its potential to get liquidity from institutional and retail investors. Subsequently, Tron took the top 2nd spot as its total value locked has increased by $900.23M over the week. Tron’s efficiency in enabling cost-efficient and rapid transfer leads to its steady growth.
Solana occupied the 3rd position among the blockchains in line with the top weekly TVL change. Its total value locked reportedly went through a $618.4M rise in weekly growth. Additionally, Binance Smart Chain experienced a $431.19M surge in TVL over the week to secure the 4th rank in the list. Moreover, Base witnessed a $426.35M increase over the seven days to get the 5th position.
CORE Bottoms the List with $116.86M in Weekly TVL Surge
The list moves on to include Arbitrum and Sui in the 6th and 7th positions with $331.45M and $282.99M weekly TVL growth respectively. Apart from that, Hyperliquid’s TVL reportedly jumped by $208.44M over the week. Furthermore, Avalanche saw a $158.93M rise in its total value locked throughout the past week. Following that, CORE’s $116.86M weekly TVL upsurge places it at the 10th rank.
