Ethereum recorded a decline in both total value locked (TVL) and active addresses over the past week, while Solana and Bitcoin showed mixed on-chain performance. Ethereum’s TVL fell from $38.28 billion to $37.43 billion, and active addresses dropped by nearly one-third. In contrast, Solana continued to process the highest number of daily transactions, while Bitcoin saw lower market capitalization despite increased network activity. The latest blockchain data suggests that user participation and capital flows remain uneven across major crypto networks.
Ethereum experienced the sharpest decline among leading blockchains during the week. Along with lower TVL, the network recorded a nearly 33% drop in active addresses, indicating weaker user engagement despite remaining the largest decentralized finance ecosystem.
Solana, however, continued to dominate transaction activity. The network processed more than 101.5 million transactions on June 28, maintaining its position as one of the busiest blockchains. Even so, its TVL remained below Ethereum’s, reflecting different usage patterns between the two ecosystems.
BNB Chain showed relatively stable performance. Stablecoin liquidity remained steady at around $17.8 billion, while perpetual futures trading volume increased to $31.13 million, pointing to continued activity in its derivatives ecosystem.
Tron maintained its leadership in stablecoin transfers, with nearly $89.6 billion in stablecoin market capitalization throughout the week. The network continues to play a major role in facilitating low-cost stablecoin transactions across global markets.
Meanwhile, Coinbase’s Base network experienced a slowdown in user activity after the middle of the week. Daily transactions fell from nearly 13 million to about 6.5 million, reflecting reduced on-chain engagement.
Bitcoin also posted mixed results. Its market capitalization declined from $1.268 trillion to $1.202 trillion, largely reflecting broader market weakness. However, the network processed 826,554 transactions on June 28, suggesting that blockchain activity remained healthy despite lower valuations. Overall, the latest on-chain data highlights varying trends across major blockchain ecosystems as investors continue to monitor network usage alongside market performance.
Source: Defillama.com
Source: Defillama.com
Source: Defillama.com
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