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Ethereum continues to maintain an overwhelming dominance in the DeFi TVL rankings.
According to the latest data platform DefiLlama, which tracks the current state of the DeFi ecosystem, Ethereum remains the clear leader in the total value locked (TVL) rankings of major public chains. Ethereum has a TVL of 115.82 billion dollars, more than 7 times the second-place Terra(16.58 billion dollars).
Following are BNB Chain with 12.01 billion dollars, Avalanche with 10.56 billion dollars, and Fantom with 7.33 billion dollars in TVL rankings. TVL refers to the total value of crypto assets deposited in each blockchain, serving as a key indicator of the ecosystem's size and investor confidence.
These figures demonstrate that Ethereum still remains the absolute powerhouse in the DeFi market, while other public chains continue to expand their ecosystems.