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Home»DeFi»CMC Ranks Top 5 Blockchains by Total Value Locked (TVL)
DeFi

CMC Ranks Top 5 Blockchains by Total Value Locked (TVL)

2023-03-09Updated:2023-03-11No Comments2 Mins Read
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CoinMarketCap categorizes the biggest blockchains on the idea of whole worth locked (TVL) and whole protocol numbers. CMC has additionally listed numerous figures for these blockchains. At press time, the whole worth locked of all of the blockchains was $71.82 billion.

Supply: CoinMarketCap

First on the record is Ethereum, which has a complete of 728 protocols. Ethereum has a TVL of $50.37 billion with a market cap of $187.98 billion. The Mcap/TVL worth of Ethereum is 3.73, and there was a 0.1% spike within the TVL within the final 24 hours. The TVL has additionally spiked by 3.59% within the final month.

BSC (BNB) is second on the record with a TVL of $5.65 billion. BNB has a market cap of $45.52 billion, and Mcap/TVL stands at 8.06. The variety of protocols on the BSC chain is at the moment 565.

Third on the record is TRON, with 29 protocols at press time. TRON has a TVL of $4.71 billion and a market cap of $5.94 billion. The Mcap/TVL was 1.26 at press time.

Arbitrum is fourth on the record, with 234 protocols, based on CMC knowledge. On the time of publication, the whole worth locked in Arbitrum was $2.02 billion. Nonetheless, Arbitrum has had a 31.55% spike in TVL within the final month.

Polygon (MATIC) has bagged fifth place with over 389 protocols on the blockchain at press time. Polygon has a TVL of $1.35 billion and a market cap of $9.22 billion. The Mcap/TVL worth stands at 6.8. The TVL has dropped by 2.89% within the final month and spiked by 3.16% within the final 24 hours.

See also  Top Crypto Staking Pools with High APY

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