Ethereum’s DeFi Dominance Persists with $370B Assets, Yet Momentum May Slow

• Ethereum holds $370 billion in locked value, leading all blockchains by $290 billion.

• Stablecoins and tokenized assets drive sustained network growth and stability.

• ETH trades at a 1.27x multiple of ecosystem value amid competition from Solana and others, supported by data from Token Terminal.

Ethereum’s DeFi dominance shines with $370B in assets locked, far ahead of rivals. Explore how stablecoins and tokenized RWAs bolster ETH’s value—stay ahead in crypto by understanding this pivotal trend today.

What Drives Ethereum’s DeFi Dominance?

Ethereum’s DeFi dominance is powered by its extensive network of decentralized applications that lock over $370 billion in user assets, creating a substantial lead of approximately $290 billion over the next largest blockchain. This position is reinforced by surging adoption of stablecoins, lending protocols, and tokenized real-world assets, as reported by Token Terminal. Despite rising competition, Ethereum’s infrastructure continues to underpin the majority of DeFi activity.

How Do Tokenized Assets Support Ethereum’s Market Value?

Tokenized assets on Ethereum, including stablecoins, provide a foundational layer that stabilizes and elevates ETH’s overall market capitalization. Data indicates that increases in on-chain asset issuance directly correlate with rises in Ethereum’s fully diluted market cap, as observed during key periods like early 2022 and mid-2025. For instance, when tokenized real-world assets expand, they enhance liquidity and utility, setting a reliable valuation floor for ETH. Experts from blockchain analytics firms note that this symbiotic relationship ensures Ethereum’s resilience, with stablecoin volumes alone exceeding trillions in annual transactions processed on the network.

Frequently Asked Questions

What Is Ethereum’s Current Total Value Locked in DeFi?

Ethereum’s total value locked in DeFi currently stands at over $370 billion, encompassing assets in lending, borrowing, and yield farming protocols. This figure, drawn from on-chain data analytics, highlights Ethereum’s unmatched scale and its role as the primary hub for decentralized financial services.

Why Does Ethereum Maintain Its Lead Over Competitors Like Solana in DeFi?

Ethereum maintains its DeFi lead through its mature ecosystem, which supports advanced features like tokenized assets and stablecoins that Solana is still scaling. Voice search users often query this due to Ethereum’s proven security and interoperability, processing billions in daily volume while competitors focus on speed over comprehensive DeFi infrastructure.

Key Takeaways

• Ethereum’s Unrivaled TVL: With $370 billion locked, it dwarfs others by $290 billion, driven by stablecoins and RWAs.
• Valuation Stability: Tokenized assets set a floor for ETH’s market cap, correlating with on-chain growth in 2025.
• Market Momentum: ETH at $4,155 shows neutral RSI at 52.8; monitor for consolidation amid weakening buyer interest.

Conclusion

Ethereum’s DeFi dominance persists through its commanding $370 billion in locked assets and the anchoring role of tokenized assets and stablecoins, even as secondary networks like Solana and Arbitrum gain traction. As the network trades at a 1.27x ecosystem multiple, it underscores Ethereum’s foundational importance in decentralized finance. Looking ahead, investors should watch on-chain metrics for sustained growth, positioning Ethereum as a key asset for long-term crypto strategies.

Ethereum extends lead

Source: X

The blockchain continued to dominate DApps, with around $370 billion in user assets locked across its network. This is a massive $290 billion lead over the next-largest ecosystem.

Source: X

Data from Token Terminal showed Ethereum’s total value locked (TVL) has surged alongside growth in stablecoins, lending protocols, and tokenized RWAs.

The network traded at a 1.27x multiple of its ecosystem value, despite increasing competition from Solana [SOL], TRON [TRX], and Arbitrum [ARB].

Tokenized assets anchor Ethereum’s market value

Data showed that the market cap of tokenized assets on Ethereum (including stablecoins) often sets a floor for ETH’s overall value. When more assets are issued and traded on-chain, Ethereum’s market cap usually rises alongside them.

Source: X

The chart also showed that growth in tokenized asset value, seen in early 2022 and mid-2025, has closely matched recoveries in ETH’s fully diluted market cap.

Momentum slows as buyers lose steam

At press time, ETH traded at $4,155 after briefly testing resistance near $4,200.

Source: TradingView

The RSI was at 52.8; neutral momentum after cooling from overbought conditions earlier in the week. Meanwhile, the MACD showed a mild bullish crossover, but the histogram’s fading green bars meant that buying strength was weakening.

Meanwhile, OBV held steady at 11.9 million, so volume support for further gains was perhaps limited. With numbers indicating consolidation, ETH is struggling to maintain upward pressure near short-term resistance.