Ethereum (ETH) share in the total locked value (TVL) of the DeFi segment decreased from 63.5% at the beginning of 2025 to approximately 53% — as of May 2025. According to DefiLlama, the current TVL of the Ethereum-based ecosystem is $45.4 billion. Competitors are building their own specialization: DEX trading, stablecoin settlements, Bitcoin collateral, user acquisition, perpetual contracts. Solana (SOL) accounts for 6.77% of TVL, $BNB Chain ($BNB) — 6.56%, Bitcoin ($BTC) — 6.16%, TRON (TRX) — 6.02%, Base — 5.44%, Hyperliquid (HYPE) — 1.81%. This distribution indicates that DeFi is shifting from a single hub around Ethereum to a network of specialized platforms.

ETH0.36%
SOL-0.46%
BNB-0.91%
BTC0.33%
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