Ethereum

Arbitrum

Billion

Status

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-dominates-defi-with-80-tvl-share/" data-wpel-link="internal">Ethereum Dominates DeFi with 80% TVL Share</a> 
Ethereum (ETH) has achieved a new notable success with an 80% dominance share in the value of assets locked in decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> (DeFi). Experts believe that if Ethereum maintains this momentum, the price of its native asset, Ether (ETH), could surpass the $3,000 level. 
<h2 style="text-align: justify" id="strong-ethereum-layer-1-networks-tvl-surpasses-100-billion-strong">Ethereum Layer 1 Networks’ TVL Surpasses $100 Billion</h2> 
Remarkably, the TVL of Layer 1 networks on Ethereum has increased by 231% in the last 24 hours, reaching $100.31 billion. This comes on top of increases of 255% and 283% recorded over the last 7 and 30 days, respectively. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-303673" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoin-Ethereum-ETH-Layer-1.jpeg" alt="" width="1582" height="482"> 
The data above from DefiLlama does not include the TVLs of Ethereum’s Layer 2 networks. For example, the Layer 2 network Arbitrum (ARB) has a TVL of $2.62 billion and ranks fourth among DeFi protocols. Interestingly, Tron (TRX) is in second place with a TVL of $8.063 billion, which is 13 times lower than that of Ethereum. 
In this context, Layer 1 networks on Ethereum currently dominate the DeFi ecosystem with an impressive 80.62% TVL dominance. Tron holds a 6.23% share, primarily in stablecoins, while <a href="https://en.coin-turk.com/renowned-analyst-sets-the-date-pay-attention-to-this-scenario-in-binance-coin/" data-wpel-link="internal">BNB</a> Chain (BNB) and Arbitrum each have over a 2% share. Solana (SOL), with a TVL of $1.34 billion, has a 1.04% dominance rate, making it the fifth most valuable DeFi protocol. 
It’s worth noting that Ethereum’s TVL is powered by 1,004 DeFi protocols contributing to the ecosystem. 
<h2 style="text-align: justify" id="strong-current-status-of-eth-price-strong">Current Status of ETH Price</h2> 
On the other hand, the price of ETH has seen a 2% increase in the last 24 hours, trading at $2,554. ETH recently reached a new high for the year at $2,714. The lowest price level of the year was recorded at $2,140. 
With current prices, ETH has a market value of approximately $307.09 billion. This is three times more than the total TVL in the DeFi ecosystem and a significant reflection of its high dominance rate against other networks. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-dominates-defi-with-80-tvl-share/" data-wpel-link="internal">Ethereum Dominates DeFi with 80% TVL Share</a></h5>

Ethereum Dominates DeFi with 80% TVL Share

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