TVL Solana reached a record high at $15.5 billion

Home ยป TVL Solana reached a record high at $15.5 billion
Solana
According to DefiLlama data as of October 31, 2024, several major blockchain platforms have set new historical records in terms of TVL (Total Value Locked). Among them, Solana was the leader, with an impressive $15.5 billion in value. This is significantly higher than other networks. This event indicates the growing interest of investors in decentralized finance (DeFi) and the strengthening of Solana as a leading cryptocurrency platform.

In 2nd place was the Base blockchain with total blockchain assets of $3.05 billion, a result that confirms the high user activity on the platform despite its relatively recent launch. Base is followed by Sui and Aptos, which also showed solid results, reaching $1.47 billion and $1.4 billion respectively.

Scroll also attracted particular attention, with a TVL of $1.19 billion. This blockchain has seen a sharp jump in activity, but its current blockchain blockchain volume has dropped by nearly 50% since the launch of the SCRL token, indicating the significant impact of tokenomics and market expectations on TVL performance. Hyperliquid and Core also made it to the top, with volumes of $859 million and $695 million respectively, showing strong growth in interest in their products.

In addition to large blockchains such as Bitlayer ($528 million) and Sei ($282 million), dYdX ($231 million), BOB ($82.5 million) and Taiko ($36.4 million) made the list. These platforms, while having smaller TVL volumes, are showing steady growth and appeal to highly specialized user segments. For example, dYdX focuses on derivatives, which attracts traders, while other platforms focus on specific DeFi services.

Author: Camila Russo is an experienced journalist with a strong focus on crypto news.

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