ethereum and Solana Dominate TVL Amid User Declines in Crypto Market

The cryptocurrency landscape is witnessing a notable shift, with ethereum (ETH) and Solana (SOL) leading in Total Value Locked (TVL). As the market cools down in June 2025, major blockchain networks are seeing a significant drop in user engagement. Despite the downturn in various metrics, the DeFi ecosystem and capital movement remain robust.

ethereum Maintains TVL Leadership Despite User Decline

ethereum continues to be a pivotal player in the blockchain space, although recent data suggests potential short-term challenges. The network supports 1,379 protocols and has approximately 349,000 active addresses.

In terms of DeFi, ethereum stands out with an impressive TVL of $57.665 billion and a bridged TVL of $375.624 billion. Additionally, it holds around $126.687 billion in stablecoins and records a daily decentralized exchange (DEX) trading volume of $1.45 billion.

Solana Outpaces ethereum in Daily Active Users

Solana has emerged as a frontrunner in daily active addresses, boasting 3.1 million users, significantly surpassing both ethereum and Binance Smart Chain (BSC). Although its DeFi TVL is under $8 billion, Solana has nearly $37 billion in bridged assets and over $10 billion in stablecoins. Its DEX trading volume has reached $1.697 billion, exceeding that of ethereum.

bitcoin Remains a Stronghold for Asset Storage

While bitcoin is not typically viewed as a DeFi platform, it remains active in network engagement. The cryptocurrency recorded 658,427 active addresses, reflecting a slight daily usage decline of 0.65%. With only 61 DeFi protocols and no bridged TVL, bitcoin still maintains a TVL of $6.225 billion and a daily DEX volume of $720,617.

Base, Arbitrum, and Tron Experience Significant Contractions

Base and Arbitrum, both ethereum Layer-2 solutions, continue to show DeFi activity despite a decrease in user numbers. Base features 540 protocols and 1.91 million active addresses, although it has seen a 3.84% drop in daily activity and a 5.23% decline over the week. Its DeFi TVL stands at $3.571 billion, with a bridged TVL of $15.173 billion and stablecoins totaling $4.161 billion.

Arbitrum, another prominent Layer-2 chain, has 809 active protocols and 318,756 addresses. Its DeFi TVL is approximately $2.297 billion, with a 24-hour DEX trading volume of $530.65 million.

Conversely, Tron has faced one of the steepest declines, with a daily drop of 9.79%, a weekly decrease of 10.99%, and a staggering 36.68% drop over the past month, although it still holds a TVL of $4.28 billion.

Emerging Chains Like Sui and Hyperliquid Defy Market Trends

Sui has experienced a 2.92% decrease in daily active users, currently supporting 67 protocols. Its DeFi TVL is $1.638 billion, with a stablecoin TVL of $1.112 billion and daily DEX trading reaching $221.62 million.

In contrast, Hyperliquid L1 is the only chain showing positive growth across multiple time frames, with a remarkable 26.51% increase in active addresses month-on-month. Despite having just 41 protocols, Hyperliquid boasts a DeFi TVL of $1.614 billion, a stablecoin TVL of $3.798 billion, and a 24-hour DEX volume of $377.43 million.

Avalanche Maintains Its Position Amidst Intense Competition

Rounding out the top ten, Avalanche features 449 protocols and 99,388 active addresses. Its DeFi TVL is $1.376 billion, with a bridged TVL of $5.914 billion and a DEX trading volume of $116.17 million. Avalanche continues to thrive in a competitive environment, thanks to its innovative subnets and strong infrastructure.

Author Bio

Ishtiyaq Hussain is a seasoned writer with over five years of experience in the realms of cryptocurrency, blockchain, and technology. He excels at demystifying complex topics, making them accessible to a broad audience. His engaging writing style ensures that both novices and experts can easily grasp essential concepts. Ishtiyaq is dedicated to helping readers navigate the rapidly evolving world of cryptocurrency with clarity and confidence.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.