Top 5 Blockchains by TVL in 2024: Ethereum Leads the Way
Total Value Locked (TVL) measures the value secured in a blockchain’s smart contracts, reflecting its DeFi adoption. The top five blockchains dominating TVL are Ethereum, Tron, Solana, Binance Smart Chain (BSC), and Arbitrum. Notably, Bitcoin is outside the top 10 despite being the largest cryptocurrency.
1. Ethereum: The DeFi Leader TVL: $121.26 billionProtocols: 1,354Market Cap: $391.73 billionPerformance: Slight weekly dip (-17.11%), but monthly growth (+1.09%). Ethereum leads with unmatched