Ethereum Loses Ground in DeFi Ecosystem but Remains Dominant

The decentralized finance (DeFi) landscape has witnessed a significant shift in recent months, with Ethereum's share of the total value locked (TVL) declining to around 54%. According to data from DeFiLlama, cited by CryptoSlate, this marks a notable drop from its peak at the beginning of the year.

Despite the decrease in market share, Ethereum remains the largest network within the DeFi ecosystem, boasting a TVL of approximately $45.4 billion. This figure has been steadily decreasing over the past few months, approaching its lowest level in recent years.