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 2026-11-12, Ethereum leads at $41.18B (63.7% of the tracked total).
DeFi TVL by chain — 2026-11-12
| Chain | DeFi TVL | Share | Change vs our last reading |
|---|---|---|---|
| Ethereum | $41.18B | 63.7% | +0.72% |
| Base | $5.79B | 9.0% | +0.45% |
| Solana | $5.06B | 7.8% | -0.05% |
| BSC | $5.04B | 7.8% | -0.30% |
| Tron | $4.90B | 7.6% | +0.11% |
| Arbitrum | $1.39B | 2.1% | +0.16% |
| Polygon | $633.99M | 1.0% | +0.86% |
| Avalanche | $612.39M | 0.9% | +0.75% |
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 $41.18B (63.7% of the tracked total), up 0.72% since our last reading.
- Base holds $5.79B (9.0% of the tracked total), up 0.45% since our last reading.
- Solana holds $5.06B (7.8% of the tracked total), down 0.05% since our last reading.
- The top chain accounts for 63.7% of tracked defi tvl; the top three account for 80.5%.
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: 98 dated day(s), 2026-08-07 to 2026-11-12.
- 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
- Is BNB Heaven legit — what BSC’s $5.29B locked capital and trading flows reveal
- Is Ethereum dead — what $48B in locked capital and surging DEX volume actually show
- Why Solana is down — what DeFi withdrawals and trading volume collapse reveal
- Why Ethereum is going up today — what 30-day DEX volume and DeFi TVL actually show
- BSC stablecoin reserves grow while DEX volume gains slow, signaling capital buildup ahead of activity
Which blockchain has the most DeFi TVL?
Ethereum, at $41.18B — 63.7% of the 8 chains tracked here as of 2026-11-12.
This page reports measured on-chain data. It is not investment advice, and nothing here is a forecast.
