According to CryptoSlate citing DeFiLlama data, Ethereum's share of DeFi TVL has decreased from 63.5% at the beginning of 2025 to about 54% as of May 7, approaching the lowest level since May 2025; currently, Ethereum's TVL is approximately $45.4 billion, still maintaining the lead. However, Solana, BNB Chain, Bitcoin, Tron, Base, and Hyperliquid are respectively diversifying markets in scenarios such as DEX, stablecoin settlement, BTCFi, consumer entry points, and perpetual contracts. Ethereum's challenge is to continue to maintain its position in settlement and custody layers while facing competition from specialized chains for user activity.

ETH0.87%
SOL1.34%
BNB0.6%
BTC0.76%
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