Which chains lost TVL this week?

TLDR

Several large networks saw TVL pressure this week. Notable losers highlighted in recent coverage were Solana (SOL), Sei, and XRP Ledger (XRPL).

1. Solana (SOL) TVL sat near six?month lows around $8.67B, with on?chain activity down week over week per reporting. See the analysis.
2. Sei TVL fell about 25.3% this week to roughly $456M per a community update on X. See the post.
3. XRP Ledger TVL was flagged at a 2025 low near $68M in coverage this week. See the report.

Deep Dive

1. Solana TVL and activity

Solanas TVL is pinned near six?month lows around $8.67B, and the same coverage shows weaker weekly activity signals.

1. Reporting cites TVL near $8.67B versus a $13.22B September peak, while weekly indicators showed fees down 11%, active addresses down 7.8%, and transactions down 6.3% week over week, pointing to softer on?chain demand. See the analysis.
2. Additional pieces echoed the same TVL level and duration of weakness, reinforcing the narrative of pressure in DeFi flows on Solana. See the coverage.

2. Sei weekly dip

A widely shared weekly checkpoint noted Seis TVL down about 25.3% to roughly $456M.

1. The update highlights a sharp weekly pullback despite robust spot and DEX activity headlines, suggesting capital rotated out of some DeFi pools in the short term. See the post.

3. XRP Ledger at 2025 lows

Coverage this week pointed out XRPL TVL at its lowest level of 2025, near $68M.

1. The same report contrasts that TVL with larger figures on other chains and notes subdued institutional interest in XRPL?linked products. See the report.

Conclusion

This weeks TVL losers were most visible on Solana, Sei, and XRP Ledger. The drivers vary, but the pattern is similar: weaker risk appetite and rotation away from certain DeFi pools or chains. If activity and incentives do not improve, yield compression and thinner depth can persist until flows return or new catalysts appear.