2026-01-08 08:40:14

#密码资产动态追踪 Recently, I've been closely monitoring the DeFi ecosystem data across major public chains, and the overall market sentiment is indeed quite volatile. The locked-in funds on mainstream public chains are generally experiencing a pullback, with some emerging chains seeing even more alarming declines.

Let's take a look at the current situation of leading public chains—Ethereum's DeFi TVL hovers around $72.7 billion, down more than a quarter from the peak of $97.3 billion in August 2025; Solana's TVL of $8.86 billion has shrunk by one-third from $13.2 billion in September; Bitcoin ecosystem's $7.01 billion has also dropped significantly from $9.1 billion in October. BNB Chain and Base have also not escaped this adjustment, both falling by over 20%.

What’s truly heartbreaking is the new public chain camp. The DeFi TVL of the Stable chain under Tether has fallen to $29,231—this number is really outrageous, as it was once above $100 million. Eclipse is even more exaggerated, now only $2.72 million, having evaporated 95% from the high of $49 million in February this year. The official even bluntly stated that it has no user base. Berachain and Plasma are not doing much better; the former dropped from $3.3 billion in May to $170 million (also a 95% decline), while the latter went from a peak of $6.3 billion to $3.2 billion, a shrinkage of 50%. Monad currently maintains a scale of $280 million.

This large-scale adjustment in the DeFi ecosystem actually reflects the market's re-pricing of liquidity and real-world applications. The hype around many new chains has been deflated, and users and capital are now gathering around public chains with genuine ecosystem support.

ETH-3,34%

SOL-6,32%

BTC-2,72%

BNB-2,83%

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AirdropHunter9000

· 01-11 08:10

Uh... these new chains are really crashing one after another --- Stable public chains dropped from 100 million to 30,000? That’s incredibly outrageous --- Fortunately, I didn’t all-in on Eclipse back then, it’s painful to watch now --- Another round of cleansing, only the truly capable public chains will survive --- TL;DR The hype has faded, now it’s about who really has substance --- Berachain’s 95% drop is incredible; so many people used to hype it --- This adjustment is actually a good thing, at least it filters out the air projects --- Capital flowing back to mainstream chains is natural; new chains have a hard time making a comeback --- Looking at these data, it’s understandable why everyone is saying the market is becoming more rational

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SighingCashier

· 01-11 06:53

Alright, it seems another batch of new chains will die. This time no one can save the scene. --- Stable public chains have fallen from 100 million to 30,000. How outrageous is that? --- I've long seen through it; these new chains are just a concentration camp for air coins. --- Ethereum can still hold on, so let's just watch. Anyway, the chives are about to be harvested again. --- Eclipse evaporated 95%? Are you sure this isn't a hallucination? --- I just want to know how many people are still trapped in Berachain. --- The hype around DeFi has faded, which is normal. Truly useful projects won't die so quickly. --- Is it time for capital to bottom fish, or is it just a faint glow? Hard to tell. --- Looking at these data, it seems many new public chains don't really need to exist.

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LayerZeroHero

· 01-08 09:09

Looking at this data, I can't help but laugh. The new chains' PPT fundraising dreams should wake up; a 95% evaporation rate is no joke. The statement that Eclipse has no users is honestly a bit harsh, but at least it's not like some chains still brag about interconnectedness of ten thousand chains. I think a one-third reduction in Solana is normal; the previous wave was indeed overly虚, and now it feels more stable. This is the real bubble burst. Those previous new public chains were just fundraising machines without real application support. Capital and user flow to top chains; this adjustment is actually quite healthy, much better than continuing to decline.

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GasFeeBeggar

· 01-08 08:56

95% evaporation... That's why I don't touch small public chains; the hype just dissipates like this. --- Berachain dropped from 3.3 billion to 170 million, my friend is still bottom fishing there haha. --- Eclipse official says they have no user base? Brother, that's a really harsh statement. --- Capital is gathering into top-tier chains. This round of adjustment is actually quite healthy, better than everyone burning money. --- That chain with Tether, $29,231? The gas I pay for transfers on the chain is more than that. --- Look at Solana dropping from 13.2 billion to 8.8 billion, and it's still being hyped as an Ethereum killer... uh, awkward. --- The collective plunge of new chains indicates the market is finally getting serious. No ecosystem means death. --- The hype around DeFi really needs to cool down, so the retail investors don't keep getting cut.

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FloorSweeper

· 01-08 08:54

Oh no, those new chains are going straight to zero. Eclipse evaporated 95%, luckily I didn't get involved. This is the real winter of DeFi, the false hype is dissipating quickly. The top projects are still holding up, but small public chains are truly hopeless. Funds are flowing into Ethereum and Solana, the Matthew effect is in full swing. Berachain dropped from 3.3 billion to 170 million, what a disappointment for investors. Wow, looking at these numbers is a bit scary, luckily I withdrew early. New chains are really just here to harvest the leeks; now their true nature is exposed. Honestly, this correction is actually a good thing, it squeezed out the bubbles. Wait, only $29,231 for the stable public chain? Doesn't that mean no one is using it?

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