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Ethereum’s DeFi Dominance Drops 37%—Is the King of Smart Contracts Losing Its Crown?
Ethereum’s DeFi Dominance Drops 37%—Is the King of Smart Contracts Losing Its Crown?
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Once the undisputed ruler of decentralized finance, Ethereum’s grip has slipped by over a third since 2021. Rival blockchains—faster, cheaper, and hungrier—are carving up the DeFi pie.
Is this a temporary blip or a full-blown power shift? The numbers don’t lie: 37% is a hemorrhage, not a paper cut. Meanwhile, VC-backed ’Ethereum killers’ keep launching with the predictability of a leveraged crypto trader blowing up their account.
One thing’s certain: in DeFi, loyalty lasts as long as the next yield farm’s APY.
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