Ethereum added $8.6B to DeFi's total value locked in August, helping lift sector TVL 17.8% to $86.9B. It was the second straight monthly gain, with major networks driving the increase rather than the long tail.
Why it matters
The composition matters more than the aggregate alone. Ethereum supplied the largest named contribution, while Robinhood Chain climbed into the top rankings among newer networks. August therefore paired strength in an established ecosystem with a higher profile for a newer chain.
Market impact
The broader mix supports a firmer backdrop for DeFi lending and other on-chain applications. Follow-up monthly data will show whether the expansion holds beyond August.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJMh2qWz-yBj1fQDjatJIWKXobyFAABqQACViZrG-g3uEg179WMQf2aBAEAAwIAA3kAAz0E)
Frequently asked questions
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Which blockchain made the largest named contribution to August's TVL increase?
Ethereum added $8.6B to DeFi TVL in August, making it the largest named contribution in the figures.
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How many consecutive monthly gains had DeFi recorded by the end of August?
August marked DeFi's second straight monthly gain.
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Did the long tail drive the August increase?
No. Major networks led the increase, rather than the long tail.
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What ranking change did Robinhood Chain post in August?
Robinhood Chain climbed into the top rankings among newer networks.
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What will indicate whether August's TVL expansion is durable?
Follow-up monthly data will show whether the expansion holds beyond August.
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