Current statistics place the total value locked in Decentralized Finance (Defi) at around $ 117,856 billion. Ethereum, once more than 56% of that figure at the end of 2024, has since fallen to 51.24% in May, which marks a remarkable decrease in his share.
Battle for Defi Dominance Heats: Ethereum Slides, Solana and Bitcoin Advance
Ethereum still leads in different categories, including the total value locked in Defi, non -fungal token (NFT) sales and a large part of the value of Tokenized American treasury and stablecoins built on top of his smart contract infrastructure. But in recent years that lead has been reduced, because rival blockchains have gained ground and have demolished his dominance over all these sectors.
Source: Defillama.com
Zooming in on decentralized finances (Defi) Total value locked (TVL) in February 2021, Ethereum had an impressive 91%-plus share of the Defi cake. Fast Vooruit 51 months, and that figure has been reduced to 53.68%, which reflects a decrease of 37.32%. At the beginning of 2025, the grip of Ethereum on Defi TVL was 56.38%, but it has since dropped 2.7%, so that earlier this month immersed as low as 51.24%.
Defi -Day -Day came from block chains such as Solana, Bitcoin, Tron and Binance Smart Chain (BSC). Based on the chain statistics of Defillama.com, Solana owns 7.99%of the total value locked (TVL), followed by Bitcoin at 5.67%, tron close to 5.64%and BSC that completes the top five with 5.44%. Other Defi networks such as base, arbitrum, sui, avalanche, hyperliquid and berachain steadily climb the ranks.
Recently, the data paints a picture of an adult defi -ecosystem where the early benefit of Ethereum is gradually eroded by a wave of competitors. Although Ethereum is still in the foreground, the shifting balance suggests a more pluralistic future. In addition, another dominant chain could very well rise to fame and the current position of ETH ath at the helm.
The current trend means that innovation and acceptance are no longer limited to a single chain, but spread over a growing field of contenders.
