Ethereum Is Still the King of DeFi!
$ETH 's DeFi dominance has cooled from 63.5% to around 54% this year, but the bigger picture remains unchanged, it still holds the largest share of liquidity with nearly $45.4B locked across the ecosystem. What's changing is the market structure. Capital is no longer concentrated in one chain alone. Solana, BNB Chain, Bitcoin, Base, and Tron are all carving out meaningful positions as multi-chain adoption accelerates.
This doesn't look like Ethereum losing relevance. It looks like DeFi evolving into a more competitive and mature ecosystem!