Largest chain share of the chain-level total.
Where is DeFi money actually working?
Reported DeFi value rose broadly
205 of 252 large protocols reported more value than seven days earlier. Token prices can move this figure even when nobody adds money. Ethereum holds 56.7% of chain-level DeFi value.
Ethereum56.7%
Solana6.8%
Base6.4%
BSC6.2%
Tron6.0%
Bitcoin4.8%
Hyperliquid L11.5%
Arbitrum1.5%
Value held across chains$92.8BA stock of capital, not transaction volume.
Three largest chains69.8%How concentrated the chain total is.
Large protocols with higher reported value205 of 252Each above $100M; price moves are included.
Typical stablecoin base return3.54%Rewards are kept separate below.
Which chains hold the money?
This is the value currently reported on each chain. Token prices can lift or lower it even when nobody adds or removes money.
ChainValue heldShare
Ethereum$52.6B56.7%
Solana$6.3B6.8%
Base$5.9B6.4%
BSC$5.8B6.2%
Tron$5.5B6.0%
Bitcoin$4.4B4.8%
Hyperliquid L1$1.4B1.5%
Arbitrum$1.4B1.5%
Which pools of value are earning their keep?
The last column takes the latest 24-hour fee figure and multiplies it by 365. A busy day can make it look high, so it is not a lasting return or company profit.
ProtocolValue heldFees in 24hOne-day fee rate, annualized
PumpSwap$354.0M$3.8M386.8% annualized
Meteora DLMM$190.4M$986.1K189.1% annualized
Polymarket International$345.9M$1.1M116.9% annualized
Uniswap V4$1.1B$3.0M99.0% annualized
Saturn$138.6M$334.7K88.1% annualized
NEAR Intents$165.6M$355.8K78.4% annualized
Aerodrome Slipstream$199.1M$415.0K76.1% annualized
Orca DEX$274.2M$488.1K65.0% annualized
What remains after the leader?
If the largest chain vanished from this comparison, the rest would still hold $40.2B. That is the clearest concentration check the current chain data allows.
Value held across every other reported chain.
Chains with a positive reported value in this edition.
What return comes from use, not extra tokens?
Base return is the income shown before extra reward tokens. Keeping the two apart stops a short-lived incentive from looking like lasting income.
PoolChainValue heldBase returnExtra rewards
sky-lending · SUSDSEthereum$4.4B3.60%0.00%
maple · USDCEthereum$2.7B4.97%0.00%
circle-usyc · USYCBSC$2.5B3.20%0.00%
ethena-usde · SUSDEEthereum$1.3B4.68%0.00%
ondo-yield-assets · USDYEthereum$1.2B3.58%0.00%
blackrock-buidl · BUIDLSolana$993.2M3.75%0.00%
blackrock-buidl · BUIDLAptos$967.3M3.44%0.00%
maple · USDTEthereum$693.1M4.75%0.00%
