DeFi platforms across blockchains hold $69.95B in TVL – 65.6% locked on Ethereum

Total Value Locked (TVL) successful decentralized concern (DeFi) platforms stood astatine $69.95 billion, arsenic of Nov. 30.

Ethereum-based DeFi projects person a combined TVL of  $45.96 cardinal — 65.6% of each TVL successful DeFi crossed crypto, according to information from DeFiLlama.

BNB concatenation has the 2nd largest magnitude of TVL astatine $6.94 cardinal — making up 9.92% of DeFi TVL. 

Tron sits 3rd connected the database with $4.62 cardinal successful DeFi TVL connected the blockchain — making up 6.5% of the full share.

With $1.88 cardinal successful TVL, Avalanche ranks fourth, up of Arbitrum which has $1.69 cardinal successful TVL.

Arbitrum is 1 of the fewer chains that experienced a dependable maturation successful TVL — up 44.2% from $941.55 cardinal implicit six months — contempt the carnivore market.

Arbitrum has seen explosive maturation since the Nitro upgrade. At the extremity of October, regular users grew 3x to 76.100 from 25.100 implicit 10 days. Currently, the progressive idiosyncratic number stands astatine 55,100.

Polygon presently has $1.6 cardinal successful DeFi TVL connected the concatenation — equating to 2% of the wide DeFi TVL.

TVL connected Polygon is down 68.9% implicit the past six months from $4.51 cardinal successful May.

Optimism, Fantom, Cronos, and Solana marque up the apical 10 blockchains successful presumption of TVL amount.

Important to enactment that definite networks seizure TVL predominantly done a fewer protocols. For instance, PancakeSwap accounts for 44.31% of the TVL successful the BNB chain.

Moreover, full protocols connected the Polygon web person grown to 351. Comparatively, BNB concatenation presently has 515 full protocols and Ethereum has 617.

The station DeFi platforms crossed blockchains clasp $69.95B successful TVL – 65.6% locked connected Ethereum appeared archetypal connected CryptoSlate.