Ethereum Maintains DeFi Dominance, Solana Advances

In 2024, Ethereum continued to dominate the decentralized finance (DeFi) sector, retaining the largest share of total value locked (TVL). However, Solana made significant progress, increasing its market share from 3.6% to 6.7% by the end of the year, thanks to an increase in activity on decentralized exchanges (DEXs). This growth underscores Solana’s growing influence in the DeFi landscape, although Ethereum remains the leading platform for DeFi applications.

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