#ETH🔥🔥🔥🔥🔥🔥 The reign of Ethereum in DeFi continues to declineSince decentralized finance (DeFi) emerged strongly in the world of cryptocurrencies, Ethereum positioned itself as its undisputed epicenter. The most relevant of the general-purpose blockchains concentrated for years the majority of the capital mobilized in this ecosystem.
However, over time, that dominance began to erode in the face of the rise of solid competitors like Solana. In recent years, other networks have established themselves as viable alternatives, contributing to greater diversification in the decentralized financial services sector.
According to data from the DeFiLlama portal, at the beginning of 2021, Ethereum held just over 90% of the total value locked (TVL). Currently, that dominance has reduced to less than 54%, with a TVL of $62.170 billion out of a total of nearly $116 billion across the entire DeFi universe. This represents a loss of nearly 36% in its market share.
