- Ethereum leads DeFi with $60.62B TVL and highest protocol count at 1,368.
- Solana tops active users at 5.07M but faces short-term declines in engagement.
- Base, Arbitrum, and Hyperliquid show strong monthly growth across Layer 2 and emerging chains.
Blockchain activity among top Layer 1 and Layer 2 networks has recorded a split between capital concentration and user engagement. While Ethereum remains dominant in decentralized finance (DeFi) by total value locked (TVL), Solana has emerged as the most active network in terms of user addresses.
Ethereum remains the largest DeFi network by TVL, securing $60.62 billion in locked assets. The figure accounts for over seven times the value of Solana, which ranks second at $8.48 billion. Ethereum also leads in protocol count, hosting 1,368 applications, more than any other chain.
Over the past 30 days, Ethereum’s TVL rose by 15.62%, despite a minor 1.01% decline in daily performance. These metrics indicate continued institutional and retail confidence in Ethereum’s DeFi infrastructure, even as other networks grow in user numbers.
Solana Leads in User Activity but Faces Short-Term Drop
Solana recorded the highest number of active addresses at 5.07 million. However, its daily and weekly activity declined by 2.69% and 9.62%, respectively. Despite these short-term dips, the network achieved a 4.98% increase over the month. Solana holds second place in DeFi TVL, but its share remains lower than Ethereum’s.
Tron ranks third in active address count, with 2.55 million users. It also recorded the largest 30-day growth among top chains at 26.68%. Tron’s DeFi TVL currently stands at $6.37 billion, placing it ahead of Bitcoin in DeFi usage.
Bitcoin posted a 0.05% gain in daily TVL but declined 5.98% over the week. Though it is not a primary platform for DeFi, its ranking reflects limited but stable value deployment across certain protocols.
Layer 2 Networks Show Steady Expansion
Arbitrum and Base, both Layer 2 Ethereum solutions, showed major month-over-month growth. Base posted a 26.12% increase in user activity, along with small weekly gains. Arbitrum grew by 11.85% in the same period, with 247,366 active addresses and a total TVL of $2.47 billion.
These figures display rising interest in scalable alternatives to Layer 1 platforms. While their TVLs remain below those of Ethereum and Solana, their growth trends point towards increasing adoption. Sui went up 1% a day and 4.59% weekly. However, the monthly performance was down 8.39%. According to the network, there is no current activity which may represent that users are not interacting much with the app.
Hyperliquid L1 achieved the biggest gain in the last 30 days, with 74.80%, which puts it at the top as the fastest-growing network by percentage. Though the numbers for monthly users and TVL were not shared, Avalanche reported a positive result.
