According to PANews, recent data from Defillama reveals varying trends in the Total Value Locked (TVL) across major blockchain platforms over the past week. Ethereum's TVL stands at approximately $59.386 billion, experiencing a decline of 1.63% over the last seven days. This decrease highlights a shift in the decentralized finance (DeFi) landscape, as Ethereum continues to face competition from other blockchain networks.
In contrast, Solana has shown a positive trend, with its TVL reaching around $7.634 billion, marking a 7.4% increase over the same period. This growth indicates a rising interest and investment in Solana's ecosystem, which has been gaining traction due to its high-speed transactions and lower fees compared to Ethereum.
Similarly, Tron has also experienced a significant increase in its TVL, which is now approximately $7.636 billion, reflecting a 10.26% rise over the past week. Tron's growth suggests a strengthening position in the DeFi market, as it continues to attract users and developers with its scalable and efficient blockchain solutions. These mixed trends across Ethereum, Solana, and Tron highlight the dynamic nature of the DeFi sector and the ongoing competition among blockchain platforms to capture market share.
