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Markets

Ethereum TVL Falls While Solana and Bitcoin Show Mixed On-Chain Trends

Ethereum’s TVL declined from $38.28 billion to $37.43 billion, while active addresses fell nearly 33% during the week. BNB Chain maintained stable liquidity with $17.8 billion in stablecoins,

AnonymousCryptoCompass newsroom
June 29, 2026
5 min read
NEWS
Ethereum TVL Falls While Solana and Bitcoin Show Mixed On-Chain Trends
CryptoCompass editorial visual for markets coverage.
  • Ethereum’s TVL declined from $38.28 billion to $37.43 billion, while active addresses fell nearly 33% during the week.
  • BNB Chain maintained stable liquidity with $17.8 billion in stablecoins, while perpetual trading volume climbed to $31.13 million.
  • Solana remained the busiest blockchain, processing over 101.5 million transactions on June 28 despite lower TVL.
  • Tron continued to dominate stablecoin activity, maintaining nearly $89.6 billion in stablecoin market capitalization throughout the week.
  • Base saw declining user activity after midweek, with daily transactions falling from nearly 13 million to around 6.5 million.
  • Bitcoin’s market capitalization dropped from $1.268 trillion to $1.202 trillion, although network transactions reached 826,554 on June 28.

Ethereum

Ethereum_TVL

Ethereum‘s TVL declined from $38.28 billion on June 22 to $37.43 billion by June 28, representing a weekly decline of approximately 2.2%. DEX trading volume peaked at $1.14 billion on June 24 before falling to $459.87 million by the end of the week. Perpetual futures volume also weakened from $1.77 billion to $1.34 billion.

Ethereum’s token market capitalization fell from $205.72 billion to $189.70 billion, while stablecoin capitalization remained relatively stable around $156.6 billion. Network activity slowed significantly, with active addresses dropping from 566,659 to 380,719 and daily transactions declining from 2.84 million to 1.46 million.

BNB Chain

BNB_TVL

BNB Chain‘s TVL edged lower from $5.11 billion to $4.95 billion during the week. DEX trading volume reached a weekly high of $827.7 million before easing to $467.83 million.

Perpetual trading activity improved steadily, rising from $11.19 million to $31.13 million, while stablecoin capitalization remained steady around $17.8 billion. Although active addresses declined from 2.27 million to 1.82 million, the network consistently processed more than 14 million daily transactions.

Solana

Solana_TVL

Solana‘s TVL declined modestly from $4.91 billion to $4.75 billion, but it continued to lead decentralized trading activity.

DEX volume surged to $3.15 billion on June 24 before cooling to $1.41 billion by week-end. Perpetual futures volume reached $2.19 billion on June 26 before retreating below $852 million. Despite weaker market conditions, Solana consistently recorded around 2 million active addresses and finished the week with more than 101.5 million daily transactions.

Tron

Tron_TVL

Tron‘s TVL slipped from $4.62 billion to $4.43 billion, while DEX trading volumes remained relatively modest throughout the week.

The network’s strongest metric remained stablecoin liquidity, with stablecoin market capitalization holding near $89.6 billion. Active addresses averaged close to 4 million, and daily transaction counts consistently exceeded 11 million.

Base

Base_TVL

Base experienced softer network activity during the second half of the week. TVL declined from $4.19 billion to $4.07 billion, while DEX volume fell from a weekly high of $1.16 billion to $733.46 million.

Stablecoin capitalization remained stable near $4.89 billion, but active addresses declined from 402,809 to 323,899. Daily transactions also dropped from nearly 13 million to approximately 6.5 million.

Bitcoin

Bitcoin_TVL

Bitcoin‘s TVL fell from $4.20 billion to $3.94 billion, while perpetual futures volume dropped from $12.18 million to $8.88 million after briefly reaching $25.03 million during the week.

Bitcoin’s market capitalization declined from $1.268 trillion to $1.202 trillion. However, network activity remained healthy, with daily transactions climbing to 826,554 on June 28.

Conclusion

The week’s on-chain data indicates that capital inflows remained under pressure across major blockchain ecosystems. Most networks recorded lower TVL and declining token market capitalizations, reflecting cautious investor sentiment. Nevertheless, Solana continued to dominate transaction activity, Tron maintained its leadership in stablecoin liquidity, and BNB Chain showed improving derivatives activity, highlighting the resilience of key blockchain networks despite broader market weakness.

DefiLlama is one of the leading decentralized finance (DeFi) analytics platforms, offering real-time data across hundreds of blockchain networks and protocols. It tracks key on-chain metrics, including total value locked (TVL), decentralized exchange (DEX) trading volume, stablecoin market capitalization, and yield opportunities, helping users compare blockchain ecosystems, monitor market trends, and make more informed research and investment decisions.

Weekly Comparison (June 15–21 vs. June 22–28, 2026)

  • Ethereum: Remained the largest DeFi ecosystem, but momentum weakened during the second week as TVL declined from $38.93 billion to $37.43 billion. DEX trading volume, active addresses, and transactions also fell, while stablecoin liquidity remained resilient above $156 billion.
  • BNB Chain: Shifted from relatively stable liquidity to moderate capital outflows, with TVL decreasing from $5.13 billion to $4.95 billion. DEX activity softened, although perpetual futures volume strengthened toward the end of the week.
  • Solana: Continued leading decentralized trading activity, but volumes cooled compared with the previous week. TVL slipped from $4.91 billion to $4.75 billion, while daily transactions remained above 100 million, highlighting sustained network demand.
  • Tron: Moved from modest TVL growth to a slight decline, with TVL easing from $4.62 billion to $4.43 billion. The network maintained its dominance in stablecoin settlements, supporting nearly $90 billion in stablecoin market capitalization.
  • Base: Reversed its previous week’s growth, with TVL falling from $4.23 billion to $4.07 billion. DEX trading activity and user participation weakened, although stablecoin liquidity remained steady near $4.9 billion.
  • Bitcoin: Recorded softer on-chain activity as TVL declined from $4.22 billion to $3.94 billion, while market capitalization eased from around $1.28 trillion to $1.20 trillion. Despite this, daily transactions finished the week at more than 826,000.