Stable DeFi TVL drops to $29,231, with most new public chains' TVL significantly evaporating from this round's peak

On January 8th, according to Defillama data, the DeFi TVL of some mainstream public chains and new public chains has significantly declined from their recent peaks. The stablecoin chain Stable under Tether’s umbrella even dropped to an astonishing $29,231, sparking heated discussions in the community. The TVL of Eclipse and Berachain has also evaporated by approximately 95% from their peaks. Detailed data is as follows:

Established public chains:

• Ethereum DeFi TVL is now $72.773 billion, down more than 25% from its peak of $97.3 billion in August 2025;
• Solana DeFi TVL is now $8.86 billion, down about 33% from its peak of $13.22 billion in September 2025;
• Bitcoin DeFi TVL is now $7.01 billion, down over 23% from its peak of $9.12 billion in October 2025;
• BNB Chain DeFi TVL is now $6.797 billion, down over 25% from its peak of $9.15 billion in October 2025;
• Base DeFi TVL is now $4.745 billion, down over 12% from its peak of $97.3 billion in October 2025.

New public chains:

• Stable DeFi TVL has reached an incredible $29,231, previously above $100 million;
• Eclipse DeFi TVL is now $2.72 million, down about 95% from its peak of $4,900 in February 2025. Eclipse officials previously even stated, “We have no users”;
• Plasma DeFi TVL is now $3.205 billion, down about 50% from its peak of $6.36 billion in October 2025;
• Monad DeFi TVL is now $283.72 million;
• Berachain DeFi TVL is now $174.11 million, down about 95% from its peak of $3.306 billion in May 2025.