Ethereum's market share in overall DeFi TVL declined the beginning of 2021, as users searched for cheaper alternatives. The DeFi TVL indicates the total amount of cryptocurrency locked across multiple blockchains which support DeFi applications or dapps. Ethereum accounted for approximately ** percent of the total DeFi market by ***. Competing blockchains like Solana emerged in 2021, however, as the transaction fees - or gas price - of Ethereum increased during the year. This led app developers and NFT trader sto try and find cheaper alternatives.
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Website (Defi Llama). (November 15, 2021). Distribution of total value locked (TVL) in selected DeFi blockchains as of January 1 and November 15, 2021 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/1277142/defi-tvl-market-share-selected-blockchains/
Website (Defi Llama). "Distribution of total value locked (TVL) in selected DeFi blockchains as of January 1 and November 15, 2021 (in billion U.S. dollars)." Chart. November 15, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/1277142/defi-tvl-market-share-selected-blockchains/
Website (Defi Llama). (2021). Distribution of total value locked (TVL) in selected DeFi blockchains as of January 1 and November 15, 2021 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/1277142/defi-tvl-market-share-selected-blockchains/
Website (Defi Llama). "Distribution of Total Value Locked (Tvl) in Selected Defi Blockchains as of January 1 and November 15, 2021 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Nov 2021, /statistics/1277142/defi-tvl-market-share-selected-blockchains/
Website (Defi Llama), Distribution of total value locked (TVL) in selected DeFi blockchains as of January 1 and November 15, 2021 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1277142/defi-tvl-market-share-selected-blockchains/ (last visited July 26, 2026)
Distribution of total value locked (TVL) in selected DeFi blockchains as of January 1 and November 15, 2021 (in billion U.S. dollars) [Graph], Website (Defi Llama), November 15, 2021. [Online]. Available: /statistics/1277142/defi-tvl-market-share-selected-blockchains/
