- Ethereum maintained the strongest DeFi position with TVL holding above $45 billion and perpetual futures volume consistently exceeding $1.3 billion daily.
- Solana recorded strong ecosystem growth, with DEX volume nearing $2 billion and perps trading peaking at $2.339 billion during the week.
- BSC continued leading in retail blockchain activity, processing over 13 million daily transactions with more than 2.4 million active addresses.
- Bitcoin sustained market dominance with a token market capitalization above $1.57 trillion and active addresses reaching more than 818,000.
- TRON and Base maintained stable ecosystem activity, with TRON generating high chain fees while Base sustained strong Layer-2 trading and user engagement.
Ethereum
- Ethereum maintained a strong DeFi position throughout the week, with TVL fluctuating between $45.388 billion and $45.908 billion. The network peaked on May 6 before experiencing moderate consolidation toward the weekend.
- Chain fee generation showed significant volatility, reflecting changing transaction demand and market activity. Fees climbed from $477,446 on May 5 to a weekly high of $1.31 million on May 8, indicating a sharp increase in network usage during peak trading sessions.
- DEX trading activity remained highly active across the ecosystem. Daily decentralized exchange volume crossed $1.9 billion on May 8, marking the strongest trading session of the week before declining to $957.22 million by May 10.
- Ethereum continued to dominate perpetual futures trading among major chains. Perps volume consistently stayed above $1.3 billion daily and reached $1.613 billion on May 6, highlighting sustained derivatives demand.
- Ethereum’s token market capitalization remained stable above $276 billion despite short-term fluctuations. The highest valuation of the week was recorded on May 6 at $284.953 billion.
- Network participation remained elevated, with active addresses surpassing 640,000 on May 6. Even during lower activity sessions, Ethereum maintained nearly half a million active wallets daily.
- The combination of strong TVL stability, high derivatives activity, and elevated user participation reinforced Ethereum’s position as the leading smart contract ecosystem during the week.
Solana
- Solana recorded steady growth in total value locked during the week, rising from $5.496 billion on May 4 to $5.794 billion by May 10, making it one of the strongest TVL performers among major Layer-1 networks.
- Chain fee generation steadily improved throughout the period, increasing from $468,367 at the beginning of the week to a peak of $598,105 on May 8 before stabilizing near $478,000 by May 10.
- DEX trading activity remained one of Solana’s biggest strengths. Daily decentralized exchange volume crossed $1.95 billion on May 8, reflecting heavy trader participation across the ecosystem.
- Perpetual futures activity on Solana surged significantly during the week. Perps volume climbed to $2.339 billion on May 8, marking the highest derivatives trading day recorded in the dataset.
- Solana’s token market capitalization experienced fluctuations throughout the week. The network reached a high of $16.631 billion on May 5 before easing to $15.35 billion by May 10.
- The data highlighted Solana’s continued dominance in high-frequency trading environments, supported by strong DEX liquidity and growing derivatives participation.
- Overall, Solana ended the week with rising TVL, resilient trading activity, and consistently high ecosystem engagement despite broader market volatility.
BSC Chain
- BSC Chain maintained relatively stable total value locked metrics throughout the week, fluctuating between $5.474 billion and $5.607 billion while sustaining strong user activity across its ecosystem.
- DEX trading volume remained highly active despite gradual declines later in the week. Trading volume started at $934.56 million on May 4 before dropping to $558.05 million by May 10.
- Perpetual futures trading stayed consistent across the network, averaging around $270 million daily. The highest recorded perps volume during the week was $277.27 million on May 8.
- BSC continued to lead in retail network activity, consistently recording between 2.4 million and 2.86 million active addresses daily during the reporting period.
- Transaction throughput remained one of BSC’s strongest metrics. Daily transaction counts consistently exceeded 13 million, with a weekly high of 16.22 million transactions recorded on May 6.
- The network demonstrated strong scalability and sustained user engagement despite softer trading activity toward the weekend.
- BSC’s combination of high transaction counts, large active wallet numbers, and stable liquidity reflected continued demand from retail DeFi and trading participants.
Bitcoin
- Bitcoin’s total value locked increased steadily during the first half of the week, reaching a high of $5.428 billion on May 7 before declining slightly toward May 10.
- Chain fee activity showed strong fluctuations, with fees rising sharply to $582,109 on May 9 before falling to $176,258 the following day.
- Bitcoin-based DEX trading activity remained comparatively smaller than smart contract networks but still maintained consistent volume throughout the week. Daily DEX volume ranged between $210,911 and $637,092.
- Perpetual futures volume remained stable near the $10 million range for most of the week, with the strongest session recorded on May 4 at $13.54 million.
- Bitcoin’s token market capitalization stayed above $1.57 trillion throughout the week and reached $1.631 trillion on May 7.
- Network participation remained strong, with active addresses peaking at 818,423 on May 10, marking the highest wallet activity level of the week.
- The data reflected Bitcoin’s continued strength as the dominant crypto asset by market capitalization while maintaining stable network activity and growing ecosystem participation.
TRON
- TRON maintained stable TVL performance during the week, with total value locked remaining close to the $5.1 billion range across all seven trading sessions.
- Chain fees consistently remained among the highest across major blockchain networks. Daily fees exceeded $1 million for most of the week before declining below that level on May 9 and May 10.
- DEX trading activity on TRON fluctuated throughout the reporting period, reaching a weekly high of $76.92 million on May 7 before falling to $32.95 million by May 10.
- Perpetual futures activity showed major volatility during the week. TRON recorded a significant spike to $603.11 million in perps volume on May 7, far above other daily levels recorded during the week.
- The network’s consistent fee generation highlighted strong stablecoin and transaction activity despite relatively lower DEX trading volume compared with larger DeFi ecosystems.
- TRON continued to demonstrate resilience in transaction-driven blockchain activity while maintaining steady liquidity levels across its ecosystem.
Base
- Base recorded gradual TVL growth during the first half of the week, peaking at $4.64 billion on May 6 before experiencing moderate declines and partial recovery toward May 10.
- Chain fee generation weakened throughout the week as user activity cooled. Fees declined from $120,244 on May 4 to a low of $57,721 on May 9 before slightly recovering on May 10.
- DEX trading activity remained strong despite declining volumes later in the week. Base processed over $1.2 billion in DEX volume on May 4 before falling to $542.03 million by May 9.
- Perpetual futures volume also trended lower during the reporting period. The network recorded its strongest derivatives trading session on May 4 at $331.5 million.
- Active address activity remained consistently high, with more than 500,000 active wallets recorded on several days during the week.
- Despite softer trading activity near the weekend, Base maintained strong ecosystem participation and stable liquidity compared with many emerging Layer-2 competitors.
- The data suggested that Base continued to retain strong user engagement while navigating broader market consolidation trends across DeFi and trading sectors.
The weekly on-chain data showed resilient activity across major blockchain ecosystems despite short-term market fluctuations. Ethereum continued dominating DeFi and derivatives activity, while Solana strengthened its trading momentum and liquidity position. BSC maintained large-scale retail participation through high transaction throughput and active wallet engagement. Bitcoin preserved its market leadership with strong network participation and stable ecosystem metrics. TRON and Base demonstrated steady ecosystem growth, highlighting continued demand across both Layer-1 and Layer-2 blockchain networks.
Weekly Comparison: (April 27 – May 03 vs May 04 –10, 2026)
- Ethereum showed stronger stability this week compared to the previous week, with TVL recovering above $45.9 billion while DEX and perpetual trading activity remained consistently elevated.
- Solana experienced improved momentum versus the prior week, as TVL increased steadily and perpetual futures volume surged above $2.3 billion after previously showing signs of cooling activity.
- BSC maintained its dominance in retail participation across both weeks, though transaction counts and active addresses slightly softened compared to the previous reporting period.
- Bitcoin demonstrated stronger ecosystem participation this week, with active addresses and market capitalization increasing while TVL remained stable above $5.2 billion.
- TRON recorded improved derivatives activity compared to the previous week, highlighted by a major spike in perpetual trading volume despite stable overall TVL conditions.
- Base showed healthier liquidity recovery this week, as TVL climbed above $4.6 billion while ecosystem activity remained resilient despite softer fee generation.
- Across major chains, DeFi liquidity and derivatives trading remained resilient this week even as spot trading volumes moderated toward the weekend. Compared to the previous reporting period, overall market sentiment appeared more stable, with several blockchain ecosystems showing stronger capital retention and improved trading consistency.
