Bitcoin, Ethereum, and Hyperliquid Lead the Charge
The total value locked (TVL) in Bitcoin, Ethereum, and Hyperliquid surged significantly over the past seven days, with inflows of $3.09 billion, $2.22 billion, and $1.87 billion, respectively. According to Lookonchain, a smart money on-chain tracking platform, these three networks experienced substantial increases in investor activity and capital inflows.
Other chains such as Sui, Base, and Binance Smart Chain (BSC) also saw notable TVL growth. Sui’s TVL climbed by $231.66 million, Base rose by $214.68 million, and BSC increased by $135.46 million, showcasing the growing interest in these ecosystems.
In contrast, some networks faced significant declines. Tron, Core, and PulseChain saw TVL reductions of $286 million, $152 million, and $41.93 million, respectively. These declines could be linked to reduced user engagement or a migration of investor focus toward more dominant and innovative networks.
Drivers Behind Bitcoin, Ethereum, and Hyperliquid’s Growth
Bitcoin’s TVL increase aligns with its recent all-time high of $106.5K, fueled largely by growing institutional interest in Bitcoin spot ETFs. Ethereum, on the other hand, continues to attract substantial capital with its robust ecosystem of decentralized applications (dApps) and its price hovering around the $4,000 mark.
Hyperliquid, while less established compared to Bitcoin and Ethereum, is quickly gaining traction. Its innovative features and performance-driven design appear to resonate strongly with blockchain enthusiasts, driving rapid adoption and TVL growth.
Community Reactions and Momentum
The rise of Hyperliquid has not gone unnoticed. Blockchain users on X (formerly Twitter) were vocal about the platform’s impressive growth. @KamBenBrik predicted, “Hyperliquid will capture a significant amount of TVL from Ethereum and the L2s. The hyper performance era.” Meanwhile, @mikocryptonft highlighted the milestone, stating, “HyperliquidX is on HYPE growth right now. TVL just passed that of Base at $4.09 billion.”
The Bigger Picture
As TVL remains a critical indicator of blockchain network health and investor confidence, the focus continues to center on utility, scalability, and innovation. Networks that prioritize these factors are best positioned to attract and retain value in an increasingly competitive landscape. For now, Bitcoin, Ethereum, and Hyperliquid are leading the way, riding strong waves of momentum and investor trust.
