Ethereum DeFi TVL Falls to 54% as Specialized Chains Claim Market Share

TLDR: Ethereum’s DeFi TVL share dropped from 63.5% to 54% in 2026, yet it still leads with $45.4 billion locked. Hyperliquid recorded $9.37 billion in 24-hour perpetuals volume, confirming its role as DeFi’s top perps venue. Tron holds $89.6 billion in stablecoins with USDT at 97.86%, making it crypto’s largest dollar-settlement rail. Ethereum’s DeFi TVL [...]

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