Ethereum, BSC, and Tron together made up a large majority of the DeFi industry's total value locked (TVL) in 2024. TVL is the closest metric within the DeFi world to an overall market size. The volatile nature of developments in this new market can also be seen in the transaction volume of NFT for various segments. As Ethereum is the main blockchain powering transactions for decentralized finance, price developments of this particular cryptocurrency can have a big impact on DeFi: On September 10, 2021, Ethereum's TVL decreased by over 28 billion U.S. dollars due to an overnight price drop.
Top 150 biggest blockchains in the world, based on share of total value locked (TVL) in decentralized finance, or DeFi, as of September 25, 2024
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Statista. (September 25, 2024). Top 150 biggest blockchains in the world, based on share of total value locked (TVL) in decentralized finance, or DeFi, as of September 25, 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1263975/ethereum-binance-share-in-defi-tvl/
Statista. "Top 150 biggest blockchains in the world, based on share of total value locked (TVL) in decentralized finance, or DeFi, as of September 25, 2024." Chart. September 25, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1263975/ethereum-binance-share-in-defi-tvl/
Statista. (2024). Top 150 biggest blockchains in the world, based on share of total value locked (TVL) in decentralized finance, or DeFi, as of September 25, 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1263975/ethereum-binance-share-in-defi-tvl/
Statista. "Top 150 Biggest Blockchains in The World, Based on Share of Total Value Locked (Tvl) in Decentralized Finance, or Defi, as of September 25, 2024." Statista, Statista Inc., 25 Sep 2024, https://www.statista.com/statistics/1263975/ethereum-binance-share-in-defi-tvl/
Statista, Top 150 biggest blockchains in the world, based on share of total value locked (TVL) in decentralized finance, or DeFi, as of September 25, 2024 Statista, https://www.statista.com/statistics/1263975/ethereum-binance-share-in-defi-tvl/ (last visited December 22, 2024)
Top 150 biggest blockchains in the world, based on share of total value locked (TVL) in decentralized finance, or DeFi, as of September 25, 2024 [Graph], Statista, September 25, 2024. [Online]. Available: https://www.statista.com/statistics/1263975/ethereum-binance-share-in-defi-tvl/
