Nearly 90% of crypto lending revenue currently comes from Ethereum and Layer 2

According to David Walsh (Ethereum Foundation), currently about 90% of the total revenue of the crypto lending sector is generated on Ethereum and Layer 2 networks.

Data from Blockworks Research shows that this trend has remained stable for a long time. It demonstrates the irreplaceability of $ETH with Defi Lending for a long time, despite the development of newer and more dynamic ecosystems.