According to data from DeFiLlama cited by CryptoSlate, Ethereum's share of DeFi TVL has dropped from 63.5% at the beginning of 2025 to around 54% as of May 7, nearing its lowest point since May 2025. Currently, Ethereum's TVL stands at approximately $45.4 billion, still maintaining its lead. However, Solana, BNB Chain, Bitcoin, Tron, Base, and Hyperliquid are each carving out market niches in areas like DEXs, stablecoin settlements, BTCFi, consumer gateways, and perpetual contracts. Ethereum's challenge lies in retaining its position as the settlement and custody layer while competing with specialized chains for user activity. https://(wublock123.com)/news/ethereum-defi-market-share-falls-nearly-10pct-year-start-60782