3/ #DeFi Trends
This week, the TVL of the top 10 chains grew 3.2% from last week to $76.6 billion. The TVL of the leading chains was Ethereum +2.7%, #Tron -3.1%, Solana +9.9%, #Binance Chain +4.3%, #Arbitrum +0.0%, #Base +21.0%, #Avalanche +11.3%, #Sui +14.1%, #Polygon +4.4%, and #Scroll +0.1%.
The Ethereum chain TVL rebounded to the $50B ($50 billion) level for the first time in a month. The base chain saw a TVL of over $2B ($2 billion) for the first time. The TVL of the Sui chain also surpassed $1B ($1 billion) for the first time, due to the rapid growth of #Aerodrome, the largest TVL on the base chain.
The rebound in Ethereum's TVL suggests that the DeFi sector is on the mend after testing its lows, and we expect this, coupled with the renewal of TVL highs by emerging chains (Base, Sui, etc.), to continue the DeFi #bullrun.
#DeFi #Tron #Binance #Arbitrum #Base #Avalanche #Sui #Polygon