Ethereum’s DeFi Reign Slips 37% Since 2021—A Blockchain Power Shift?

Current metrics place the total value locked into decentralized finance (DeFi) at approximately $117.856 billion. Ethereum, once commanding more than 56% of that figure at the close of 2024, has since dipped to 51.24% in May, marking a notable decline in its share. Battle for DeFi Dominance Heats up: Ethereum Slides, Solana and Bitcoin Advance

Source: Bitcoin.com