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Ethereum’s DeFi Dominance Drops to 53% as Rival Chains Chip Away at TVL Throne – CryptoGazette
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Ethereum’s DeFi Dominance Drops to 53% as Rival Chains Chip Away at TVL Throne – CryptoGazette
Ethereum’s grip on the decentralized finance market is loosening. The network that effectively invented DeFi now controls just over half of all capital locked in on-chain financial protocols – a figure that has slipped from 63.5% at the start of 2025 to roughly 53% today, according to DeFiLlama data. While Ethereum still holds a commanding absolute lead, the directional trend is unmistakable: capital is diversifying across chains at a rate that’…
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