DeFi platforms across blockchains hold $69.95B in TVL – 65.6% locked on Ethereum
The Decentralized Finance (DeFi) platform’s Total Value Locked (TVL) was $69.95 billion as of November 30th.
According to data from DeFiLlama, the total TVL of Ethereum-based DeFi projects is $45.96 billion, representing 65.6% of all DeFi TVL across cryptocurrencies.
The BNB chain has the second highest TVL at $6.94 billion, accounting for 9.92% of DeFi TVL.
Tron is third on the list with $4.62 billion in DeFi TVL on blockchain, with 6.5% of the total market share.
Avalanche with a TVL of $1.88 billion ranks fourth ahead of Arbitrum with a TVL of $1.69 billion.
Arbitrum is one of the few chains that has seen steady growth despite the bear market, with TVL increasing 44.2% from $941.55 million in six months.
Arbitrum has experienced explosive growth since the Nitro upgrade. At the end of October, his daily users tripled from 25.100 to 76.100 in 10 days. We currently have 55,100 active users.
Polygon currently has a $1.6 billion DeFi TVL on-chain. This equates to his 2% of all DeFi TVLs.
Polygon’s TVL has fallen 68.9% over the past six months from $4.51 billion in May.
Optimism, Fantom, Cronos and Solana make up the top 10 blockchains by TVL volume.
Note that some networks primarily capture TVL over some protocol. For example, pancake swap accounts for 44.31% of his TVL on the BNB chain.
In addition, all protocols on the Polygon network have grown By comparison, the BNB chain currently has 515 total protocols and Ethereum has 617 protocols.
