DeFi (Decentralized Finance) is experiencing a boom, with Total Value Locked (TVL) reaching an all-time high of $222 billion, according to recent reports. This surge highlights the increasing adoption and confidence in DeFi protocols. Ethereum, the leading blockchain for DeFi applications, is consolidating its position. After dipping to 55% in April, Ethereum's dominance in the DeFi space has rebounded to 63%. This suggests that developers and users are increasingly favoring Ethereum-based solutions despite the emergence of alternative Layer-1 blockchains. Several factors contribute to this growth, including increasing interest in yield farming, decentralized exchanges (DEXs), and lending protocols. As the DeFi ecosystem matures, further innovation and expansion are expected, potentially driving TVL even higher. The competition among different blockchains will likely intensify, but Ethereum currently maintains a strong lead. ```

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