#Ethereum #TVL #DEFİ Ethereum: still the king, but challenged
By January 2025, Ethereum still held 63.5% of the total DeFi TVL globally. By May 2026, that share dropped to 53% — a decline of over 10 points in less than 18 months. This signal doesn't indicate a collapse, but rather a structural redistribution of liquidity towards faster and cheaper networks.
In absolute terms, Ethereum retains $45.5 billion in TVL, which is still colossal. No competing network comes close individually. However, the sum of non-Ethereum alternatives now represents ~47% of the overall market — a critical mass impossible to ignore...
Winners: Solana, BNB Chain, and L2s
Solana boasts 6.76% of the global TVL thanks to mature protocols like Jupiter, Kamino, and Jito. Notably, while the price of SOL dropped by 50% from its peak in August 2025, the TVL in native SOL reached a new all-time high at 80 million SOL — proof of user confidence that goes beyond speculation.
BNB Chain (6.55%) solidifies its position thanks to PancakeSwap and a very active retail ecosystem. Base, Coinbase's L2, stands at 5.31% with sustained growth, driven by Jesse Pollak's vision: "putting all financial instruments on-chain."
✍️✍️ DeFi is not collapsing — it's diversifying. Ethereum remains the foundation, but the future is multi-chain. Investing in DeFi in 2026 requires a multi-network allocation strategy and analysis beyond just TVL ✍️✍️
( What’s your take?? drop your thoughts in the comments 👇👇
$BNB $SOL $BTC