Ethereum’s Share of DeFi TVL Drops to 54%

Published by

Nidhi Kolhapur

May 9, 2026

A 3D green Ethereum coin centered against a dramatic orange and black light burst background with rising candlestick charts and bullish green growth arrows.

Ethereum has seen its dominance in DeFi Total Value Locked decline from 63.5% at the start of 2025 to around 54%, according to DeFiLlama data cited by CryptoSlate. Despite losing market share to competing blockchain ecosystems, Ethereum remains the largest DeFi network with approximately $45.4 billion in TVL. The shift highlights growing competition from alternative Layer 1 and Layer 2 platforms as users increasingly diversify liquidity and on-chain activity across multiple blockchain ecosystems.

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