The #DeFi ecosystem is certainly evolving! 🌏
It's become more multi-chain and diverse than ever, moving past its early dominance on the #Ethereum network.
Ethereum still accounts for a majority of the total value locked (TVL), however its market share has seen a decline - from 95% in 2020 to around 62% at present. Different blockchains like #Solana, #BSC Chain and #Arbitrum now have a substantial portion of TVL. 🔗
The DeFi ecosystem has also grown with the emergence of #Bitcoin-based decentralized platforms and newer token standards like #Ordinals and #Runes, introducing Bitcoin #NFTs and #memecoins into the mix. 🙂
Read our latest article ➡️ https://t.co/gWCB3hj9sz
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