Ethereum loses 10% of its DeFi market share as rival chains close in

May 8, 2026 · 1 min read · CryptoSlate

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Ethereum’s share of the total value locked (TVL) in DeFi compressed from 63.5% at the start of 2025 to around 54% as of May 7, hovering near the lowest level recorded since May 2025. DefiLlama puts Ethereum’s current TVL at $45.4 billion, while the chains absorbing share have each staked out a disti

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