Ethereum Is Still the King of DeFi Even If the Market Doubts It

[AIcash]

Ethereum continues to dominate where it matters most: onchain value and usage.

Despite recent price weakness, Ethereum and its layer-2 ecosystem control over 65% of total blockchain TVL when aggregating Base, Arbitrum, and Optimism. The largest Ethereum DApp alone holds more than $23B in deposits, dwarfing competitors across other chains.

Even as overall DApp interest cools across the industry, Ethereum remains the backbone of DeFi liquidity and fee generation. No other ecosystem comes close to matching its depth.

Price may fluctuate.
Capital concentration hasn’t moved.

Ethereum’s dominance is being questioned — but not yet replaced.

[tradelikepro]

eth deflation reversing is kinda wild, shows supply dynamics still matter a lot even for big chains