The blockchain sector has witnessed unprecedented growth throughout the first quarter of 2025, with multiple emerging blockchains making significant strides in the market. Sonic has emerged as a market leader in this sector, boasting a staggering 2,740% increase in total value locked (TVL). Meanwhile, Morph is not far behind, with a TVL growth rate of 854% during the same period. These statistics underscore the rapid expansion of blockchains and the increasing acceptance of decentralized financial solutions (DeFi).
The meteoric rise of Sonic resulted in the highest TVL gain of $2.1 billion during Q1 2025, marking a monumental 2,740% increase. The popularity of Sonic’s ecosystem continues to surge, thanks to various protocols implemented by the platform. The TVL of Morph soared to $94.9 million, following an impressive 854% rise. Morph’s rapid expansion rate is drawing the attention of developers and investors in search of efficient blockchain solutions.
Etherlink secured the third position with a TVL growth of 697%, topping $14.2 million. This rapid market expansion reflects the widespread technological adoption of Etherlink’s solution. Eclipse, on the other hand, leveraged a series of developments to attract more value locked into the platform, achieving a total TVL of $45.2 million through a 215% growth.
Other blockchains like Swellchain, Sophon, and Venom are also gaining momentum. Swellchain recorded a substantial growth by expanding its total value locked to $20 million, while Sophon’s total value locked rose by 157% to reach $15.5 million. Venom enjoyed a remarkable increase in its total value locked, with a 132% growth that pushed the number to $80.6 million, indicating increasing institutional support and strengthening decentralized finance operations across its platform.
The top ten list rounded out with ZetaChain, Waves, and opBNB. ZetaChain secured its spot with a TVL growth of 76.3% and a recorded value of $23.4 million. Waves, an older blockchain network, sustained a 58.5% growth, pushing its TVL to $44.8 million. Lastly, the Binance-affiliated opBNB landed in the tenth position, with its total value locked increasing by 55.1% to $23.2 million.
These numbers indicate an intense competition among blockchains to win over users and attract their funds. As the blockchain sector continues to expand and decentralized financial solutions gain wider acceptance, one can expect more innovations and growth in this space. For investors, developers, and tech enthusiasts, these are exciting times indeed.
