This week, the TVL (total value locked) in several blockchain projects experienced significant shifts.

Today's data reported by DefiLlama highlighted top blockchain DeFi projects in terms of TVL. Typically, TVL is an essential indicator that gauges the amount of capital that users have deposited into DeFi projects.

This week has seen some interesting shifts in the TVL (total value locked) of several blockchain projects. Today’s data reported by DefiLlama highlighted top blockchain DeFi projects in terms of TVL. Typically, TVL is a key metric that measures the amount of capital that users have deposited into DeFi projects. It serves as a crucial indicator of the overall health and adoption of DeFi protocols within a specific blockchain ecosystem.

Top 10 chains by TVL this week

Ethereum (ETH) has retained its position as the largest blockchain DeFi project, with a total TVL of $61.55 billion, showing the tremendous amount of money locked in the Ethereum network. The blockchain still leads the on-chain economy with billions of dollars in TVL from staking, lending, DEXs, and many other financial activities. Its DeFi infrastructure remains unmatched, indicating user trust and confidence.

Solana (SOL) followed as the second-largest chain due to its lower transaction and fast processing speed. Its TVL currently stands at $9.189 billion.

Next on the list is Tron (TRX), which had a total TVL of $6.57 billion, highlighting the continued development of the chain. Tron integrated Chainlink data feeds as its main Oracle solution, abandoning the previous WINkLink option.

At the fourth position is Bitcoin (BTC), which currently holds $6.246 billion in DeFi TVL. Over the past several months, the TVL in the Bitcoin blockchain has gradually grown due to two key factors. Firstly, DeFi projects running on top of the blockchain continued to attract more users and expand their operations.

Then, we saw Arbitrum (ARB) at the seventh position with a $2.558 billion TVL. As indicated by the data, Sui Network is currently the 7th largest DeFi blockchain project with a $2.052 billion TVL.

Finally, rounding out the ninth and 10th positions on the list are Avalanche (AVAX) and Aptos (APT), respectively. These chains had TVLs valued at $1.48 billion and $1.289 billion.