Total value locked measures the capital users have actually committed to DeFi protocols on each chain — a slower, stickier signal than price or trading volume. This tracker records TVL across 8 chains daily, as a dated series since 2026-08-07. As of 2026-09-29, Ethereum leads at $53.21B (66.5% of the tracked total).
DeFi TVL by chain — 2026-09-29
| Chain | DeFi TVL | Share | Change vs our last reading |
|---|---|---|---|
| Ethereum | $53.21B | 66.5% | -0.05% |
| Solana | $6.43B | 8.0% | -3.09% |
| Base | $6.22B | 7.8% | -0.06% |
| BSC | $5.70B | 7.1% | -2.69% |
| Tron | $5.62B | 7.0% | -0.28% |
| Arbitrum | $1.43B | 1.8% | -0.81% |
| Polygon | $764.59M | 1.0% | +0.26% |
| Avalanche | $614.76M | 0.8% | -2.03% |
Change column compares against our own previously recorded reading (1 days); “—” means we do not yet hold a prior reading for that chain.
Key takeaways
- Ethereum holds $53.21B (66.5% of the tracked total), down 0.05% since our last reading.
- Solana holds $6.43B (8.0% of the tracked total), down 3.09% since our last reading.
- Base holds $6.22B (7.8% of the tracked total), down 0.06% since our last reading.
- The top chain accounts for 66.5% of tracked defi tvl; the top three account for 82.3%.
Methodology
- What is measured: Total value locked in DeFi protocols on each chain.
- Chains covered: Ethereum, Tron, Solana, BSC, Arbitrum, Avalanche, Polygon, Base.
- Cadence: read daily and recorded as a dated row per chain; this page is updated in place — it is one permanent URL, not a new post per update.
- Series held: 54 dated day(s), 2026-08-07 to 2026-09-29.
- Sources: api.llama.fi/v2/chains, defillama.com/chains. Figures are read directly from these public APIs; we do not adjust or model them.
- Limits: provider coverage differs by chain, so a chain may be absent when its provider returns no reading. Percentages are shares of the tracked set, not of the entire market.
Related analysis
- BSC stablecoin reserves grow while DEX volume gains slow, signaling capital buildup ahead of activity
- Arbitrum crypto — what DeFi lockups and trading volume actually show right now
- Solana DeFi activity in 2026 — TVL hits $5.92B as DEX volume surges past $1.96B daily
- BSC liquidity locks climb 17% while trading momentum fades 15%, signaling capital influx outpacing activity
- BSC liquidity builds while trading falters—capital locked in DeFi as DEX volume drops 31%
- Why Solana is going up — DeFi capital and DEX volume both surging on-chain
Which blockchain has the most DeFi TVL?
Ethereum, at $53.21B — 66.5% of the 8 chains tracked here as of 2026-09-29.
This page reports measured on-chain data. It is not investment advice, and nothing here is a forecast.
