DeFi TVL falls 7% to $75.19 billion as Ethena and Arc post weekly gains

Total value locked in DeFi fell 7% over the week to $75.19 billion. Declines dominated the leading chains and sectors, while Ethena USDe and Arc recorded weekly gains.

The decentralized finance (DeFi) market held approximately $75.19 billion in total value locked (TVL).

The November 13 data snapshot put total TVL at $75.19 billion.

That was down 7% from $80.82 billion a week earlier and approximately 32.8% below the beginning-of-year level of $111.86 billion.

Ethereum remained the largest chain by TVL, with $39.65 billion and a 52.7% share. Base followed with $5.49 billion, ahead of Solana at $4.98 billion, Tron at $4.80 billion and BSC at $4.80 billion.

Eleven of the 12 leading chains recorded weekly declines. Arc rose 2.68%, while Monad slipped 0.78%. Bitcoin fell 9.38%, Ethereum declined 8.58% and Solana lost 5.86%.

Protocol counts: Ethereum 1,907; Arbitrum 1,056; Base 934; Polygon 730; Solana 476.

Lending led DeFi categories with $47.04 billion in TVL, followed by liquid staking at $45.07 billion, staking pools at $12.00 billion, decentralized exchanges at $11.84 billion and risk curators at $9.68 billion.

Ten of the 12 leading categories declined over the week. CDP fell 13%, while restaking dropped 11.55%. Basis trading rose 3.98% and risk curators gained 0.69%.

Lido ranked first among DeFi protocols, with $19.08 billion in TVL.

Aave V3 followed at $14.57 billion, alongside Morpho Blue at $10.50 billion, SSV Network at $10.26 billion and Binance staked ETH at $7.57 billion.

Ethena USDe posted a weekly gain of 6.83%. Sky Lending fell 17.09%, SparkLend declined 14.59% and Binance staked ETH dropped 12.70%.