On-Chain Data

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Ethereum TVL’s share falls to 54%, hitting a new low in nearly 2 years—how are competing chains reshaping the DeFi landscape?

On-chain data shows that Ethereum DeFi total value locked (TVL) as a share of the entire market has fallen to 54%, hitting a stage low since 2024. Meanwhile, its absolute locked value remains at $45.4 billion (USD), significantly higher than other public chains. This combination of “share declining but scale leading” reflects that the DeFi market is moving from single-chain dominance toward a phase of multi-chain coexistence. The change in share is not simply a matter of capital flowing out, but
ETH0.35%
SOL1.61%
BNB0.87%
OP-2.19%
GateInstantTrends·1h ago
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Mysten Labs: Sui stablecoin trading volume surpasses $1 trillion, privacy transactions to launch this year

Mysten Labs co-founder and Chief Product Officer Adeniyi Abiodun said in an X post on May 11 that the Sui network will roll out confidential transactions this year, enabling large-scale, free, privacy-protecting payments. Abiodun also disclosed that, since August 2025, Sui has processed more than $1 trillion in stablecoin transaction volume. Confidential Transactions and Zero-Fee Stablecoin Transfer Plan According to a report by The Block, Abiodun is positioning Sui as the “default network for f
SUI12.38%
SWEAT-41.83%
MarketWhisper·11h ago
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