Ethereum’s share of total value locked (TVL) in the decentralized finance (DeFi) sector has declined from 63.5% to 54% this year, although it continues to hold the leading position among blockchain networks.
According to the data, Ethereum still dominates the market with approximately $45.4 billion in locked value, while rival networks including Solana, BNB Smart Chain, Bitcoin, Tron, and Base continue expanding their presence in the DeFi sector.
The figures suggest that the DeFi market is becoming increasingly diversified as decentralized applications spread across multiple blockchains rather than relying primarily on Ethereum as in previous years.
Despite the decline in market share, Ethereum remains the largest DeFi ecosystem in terms of liquidity, activity, and developer adoption amid ongoing competition among networks to improve speed and reduce transaction costs.