Ethereum is far ahead of the total value locked while Solana gets stuck despite strong network activity.
Summary
- Ethereum’s Defi TVL has risen from $ 43 billion in April to $ 92 billion, helped by revenue strategies, institutional inflow and an ETH rally.
- The Solana TVL holds $ 25.7 billion supported by $ 12.46 billion in Stablecoins and $ 118 billion in Dex volume of 30 days.
- The dependence on stimuli and falling Dex activity can limit the outbreak potential of Solana.
In a September 3 after On X, analysis company Sentora (formerly IntotheLock) noted that Ethereum (ETH) has already pushed its previous highlights, because the decentralized financial activity of Solana at the beginning of 2025 levels of Solana (SOL) circles.
Although the next movement of Solana is still in the air, Ethereum has succeeded in retaining speed, as is apparent from this contrast.
Ethereum’s TVL -Momentum
The Ethereum Defi -Ecosystem has experienced a robust comeback, with a total value locked to $ 92 billion compared to the annual low -set ~ $ 43 billion in April. That indicates that confidence returns to the network.
Growth on Layer-2 networks, institutional inflow and repeated tactics ensure the comeback from Ethereum. Major players such as Lido Dao (LDO) and Aave (Aave) each have more than $ 30 billion in deposits, while protocols such as self -layer have attracted (own) billions of dollars by offering Stabilein revenues up to 25%.
TVL has also increased as a result of the rise of ETH. With around $ 4,300, token has risen by 84% in the past year, while spot-exchange-related funds have seen the inflow since July. The range of Ethereum Stablecoins has also risen and surpasses $ 150 billion, indicating a strong liquidity to support trade and lending.
Solana stalls despite rising network activity
The costs and speed of Solana are the benefits. Because it can process thousands of transactions per second for a fraction of a cent, the network is attractive for trade with a high volume and more recent usage scenarios such as memecoins. The Stablecoin base of $ 12.5 billion offers room for growth.
On the activity side, decentralized exchanges on Solana have treated a volume of $ 118.4 billion for the past 30 days, and around 2.6 million users are active in the chain every day. Lending -Protocols are good for just $ 3.63 billion from his TVL, which means that there is still room for collateral to be recycled and used.
But the photo is not entirely bullish. According to Sentora, Solana divided $ 28.3 million to token stimuli on one day, compared to only $ 1.49 million in chain costs, an imbalance that raises questions about sustainability. Moreover, the weekly decentralized exchange volume fell by 8.3%, indicating that the activity could soon delay.
Ethereum, on the other hand, attracts new users through revenue strategies, institutional demand and a saving route map. As the analysis of Sentora shows, Ethereum has taken the lead in the latest growth cycle from Defi.
Solana still has the liquidity, activity and technical benefits to take on a challenge, but to close the gap, it has to change in the short term Bursts in a permanent momentum.
