tldr; Ethereum apps have attracted over $330 billion in user deposits, solidifying its position as the leading Layer 1 (L1) network in decentralized finance (DeFi). Ethereum maintains a $250 billion lead over TRON, driven by its connectivity to centralized and decentralized facilities, stablecoin liquidity, and high app revenues. Lending apps like Aave are key contributors, with record value locked and daily fees. Despite competition from Solana, Ethereum’s deep liquidity and stablecoin supply continue to attract significant activity and confidence from users.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
1 Comment
tldr; Ethereum apps have attracted over $330 billion in user deposits, solidifying its position as the leading Layer 1 (L1) network in decentralized finance (DeFi). Ethereum maintains a $250 billion lead over TRON, driven by its connectivity to centralized and decentralized facilities, stablecoin liquidity, and high app revenues. Lending apps like Aave are key contributors, with record value locked and daily fees. Despite competition from Solana, Ethereum’s deep liquidity and stablecoin supply continue to attract significant activity and confidence from users.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.