DeFi platforms across blockchains hold $69.95B in TVL – 65.6% locked on Ethereum
Complete Worth Locked (TVL) in decentralized finance (DeFi) platforms stood at $69.95 billion as of Dec. 23.
Ethereum-based DeFi initiatives have a mixed TVL of $45.96 billion — 65.6% of all TVL in DeFi throughout crypto, in keeping with information from DeFiLlama.
BNB chain has the second largest quantity of TVL at $6.94 billion — making up 9.92% of DeFi TVL.
Tron sits third on the checklist with $4.62 billion in DeFi TVL on the blockchain — making up 6.5% of the whole share.
With $1.88 billion in TVL, Avalanche ranks fourth, forward of Arbitrum which has $1.69 billion in TVL.
Arbitrum is among the few chains that skilled a gentle progress in TVL — up 44.2% from $941.55 million over six months — regardless of the bear market.
Arbitrum has seen explosive progress because the Nitro improve. On the finish of October, day by day customers grew 3x to 76.100 from 25.100 over 10 days. At the moment, the lively person rely stands at 55,100.
Polygon at present has $1.6 billion in DeFi TVL on the chain — equating to 2% of the general DeFi TVL.
TVL on Polygon is down 68.9% during the last six months from $4.51 billion in Could.
Optimism, Fantom, Cronos, and Solana make up the highest 10 blockchains when it comes to TVL quantity.
Necessary to notice that sure networks seize TVL predominantly by way of a number of protocols. As an illustration, PancakeSwap accounts for 44.31% of the TVL within the BNB chain.
Furthermore, whole protocols on the Polygon community have grown to 351. Comparatively, BNB chain at present has 515 whole protocols and Ethereum has 617.