Some mainstream blockchains and new blockchains experienced a significant drop in DeFi TVL from this cycle's peak, with Stable DeFi TVL falling to $29,231.

On January 8, the DeFi Total Value Locked (TVL) across several mainstream and new public chains has fallen sharply from their cycle peaks. Stable—Tether’s stablecoin-focused public chain—has even dropped to a staggering $29,231, sparking community discussion. Eclipse and Berachain have also seen their DeFi TVL evaporate by roughly 95% from peaks. Detailed data is below: ### Established Public Chains - **Ethereum**: Current DeFi TVL = $72.773 billion, down >25% from its August 2025 peak of $97.3 billion - **Solana**: Current DeFi TVL = $8.86 billion, down ~33% from its September 2025 peak of $13.22 billion - **Bitcoin**: Current DeFi TVL = $7.01 billion, down >23% from its October 2025 peak of $9.12 billion - **BNB Chain**: Current DeFi TVL = $6.797 billion, down >25% from its October 2025 peak of $9.15 billion - **Base**: Current DeFi TVL = $4.745 billion, down >12% from its October 2025 peak of $9.73 billion ### New Public Chains - **Stable**: DeFi TVL now at $29,231 (previously >$100 million) - **Eclipse**: Current DeFi TVL = $2.72 million, down ~95% from its February 2025 peak of $49 million. The Eclipse official account bluntly noted, “We have no users.” - **Plasma**: Current DeFi TVL = $32.05 billion, down ~50% from its October 2025 peak of $63.6 billion - **Monad**: Current DeFi TVL = $283.72 million - **Berachain**: Current DeFi TVL = $17.411 billion, down ~95% from its May 2025 peak of $33.06 billion