Ethereum and its layer-2s hold over $87 billion in DeFi TVL, maintaining more than 50% market share amid broader growth.
The network secures $1.08 trillion in value across 56 top tokens, showing deep trust in Ethereum’s infrastructure and uptime.
With $7.7 billion in tokenized RWAs, Ethereum hosts 90% of all real-world assets on-chain, growing 10× since early 2022.
Ethereum still maintains its place as the framework of DeFi. As new money enters the ecosystem, new data indicates that Ethereum will dominate in a number of key on-chain indicators such as total value locked, stablecoins, and tokenized real-world assets.
Ethereum and Layer-2s Hold Over 65% of Total DeFi Value
In a recent post, blockchain analyst Kate Li noted, “Ethereum and L2s hold $87B+ in DeFi TVL, 65%+ of all chains.” This figure highlights Ethereum’s unmatched position in decentralized finance. Even as global DeFi total value locked increased 3.6× since October 2023, Ethereum maintained a majority share, securing more than half of all locked assets.
This sustained dominance is not accidental. Developers continue to choose Ethereum for its security and long operational history. At the same time, users trust its infrastructure, which supports fast and secure transactions through layer-2 networks. These scaling solutions help Ethereum grow without giving up decentralization.
By maintaining more than 50% of DeFi TVL despite increased competition, Ethereum has proven itself as the most relied-on foundation for financial protocols.
Ethereum Secures More Value Than Any Other Chain
Ethereum is also the top network for securing digital asset value. According to Li, “The Ethereum ecosystem secures $1.08T+ across 56 of the top 100 tokens by market cap.” This is more than 2.6 times higher than Solana, which holds $404 billion across 20 tokens.
This data shows that Ethereum is trusted to hold the most value in the crypto market. It also leads in stablecoins, with over $147 billion issued on its network. Li shared, “$147B+ in stablecoins live on Ethereum, consistently 60%+ of all stablecoin supply across chains.”
Stablecoins are essential in DeFi for lending, borrowing, and trading. Ethereum’s high share proves it is still the go-to network for stable asset transactions. Its long history of uptime and network stability has made it the first choice for stablecoin issuers and users alike.
Ethereum Is the Preferred Chain for Real-World Assets
Ethereum also hosts the largest amount of tokenized real-world assets. “$7.7B+ in treasuries, credit, and funds now sit on Ethereum and its L2s,” Li explained, adding that this accounts for “90% of all on-chain RWAs.” Since January 2022, real-world asset supply on Ethereum has grown 10×.
This growth shows that institutions are choosing Ethereum to bring traditional assets on-chain. With over 1 million validators and no single point of failure, Ethereum provides the security necessary for high-value asset tokenization.
“Trust isn’t theoretical. It’s on-chain,” Li emphasized. That trust drives liquidity, which draws in more users, more developers, and ultimately more applications. As Ethereum’s economy expands, the use of ETH as a store of value, DeFi collateral, and network security asset grows with it.
