Blockchain TVL Trends: Bitcoin, Ethereum, and Hyperliquid See Significant Inflows

Bitcoin, Ethereum, and Hyperliquid saw significant TVL increases in the past week driven by strong investor inflows.

Blockchain TVL Trends: Bitcoin, Ethereum, and Hyperliquid See Significant Inflows

Bitcoin, Ethereum, and HYPE Lead the Way

The total value locked (TVL) in Bitcoin, Ethereum, and Hyperliquid rose by $3.09 billion, $2.22 billion, and $1.87 billion respectively over the last seven days. This is according to data from Lookonchain, a smart money onchain tracker which noted a significant inflow of funds into the three networks.

Concurrently, chains like Sui, Base, and Binance smart chain (BSC) witnessed significant rises in TVL. Sui rose by $231.66 million, Base rose by $214.68 million, and BSC rose by $135.46 million.

Blockchain TVL Trends: Bitcoin, Ethereum, and Hyperliquid See Significant Inflows

On the flip side, Tron, Core, and Pulsechain saw significant decreases in TVL with $286 million, $152 million, and $41.93 million, respectively. These reductions may be attributed to factors like reduced user activity or a shift in investor preferences toward more prominent networks.

This surge in TVL for BTC comes on the back of a new all-time high of $106.5K driven by institutional interest in bitcoin spot ETFs. With its robust ecosystem of decentralized applications and price hitting $4,000, Ethereum continues to attract significant capital inflows. While less established than Bitcoin and Ethereum, Hyperliquid’s innovative features may be driving its appeal among blockchain enthusiasts.

X users were enthusiastic about Hyperliquid’s TVL surpassing popular chains such as Base. @KamBenBrik said, “Hyperliquid will capture a significant amount of TVL from Ethereum and the L2s. The hyper performance era.” @mikocryptonft also remarked, “HyperliquidX
is on HYPE growth right now. TVL just passed that of Base at $4.09 billion.”

With TVL serving as a key indicator of network health and investor confidence, the focus on utility, scalability, and innovation remains central to capturing and retaining value. For now, Bitcoin, Ethereum, and Hyperliquid are riding a solid wave of momentum.

17.12.2024
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