CryptoWorld Network news reports that, citing DeFiLlama data referenced by CryptoSlate, Ethereum’s share of DEFI TVL has fallen from 63.5% at the beginning of 2025 to about 54% as of May 7, nearing the lows since May 2025. Ethereum’s TVL is currently about $45.4 billion and still leads. However, Solana, BNB Chain, Bitcoin, Tron, Base, and HyperLiquid are respectively siphoning off the market in scenarios such as DEX, stablecoin settlement, BTCFi, consumer entry points, and perpetual contracts. The challenge for Ethereum is to continue to defend its position in the settlement and custody layers while competing for users with specialized chains.

ETH0.72%
SOL1.63%
BNB0.38%
BTC0.79%
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