Even with new protocols emerging every cycle, #Ethereum still dominates on-chain lending and borrowing by a massive margin, maintaining nearly a 10x lead over the rest of the market. That kind of gap doesn’t close overnight, especially when most competitors are still struggling to match Ethereum’s liquidity depth and network trust.

As momentum builds across the broader market, $ETH is positioning itself as a steady anchor rather than a flashy mover, and that stability could set the tone for how the next phase of altcoin rotation plays out. Instead of chasing noise, the market continues to lean on Ethereum’s proven infrastructure.