PANews reported on May 9th that, according to CryptoSlate, Ethereum's share of total locked value in DeFi has fallen from 63.5% at the beginning of 2025 to approximately 54% as of May 7th, hovering near its lowest level in nearly a year. Competing public chains are establishing advantages in specific areas, eroding Ethereum's market share: BSC leads in DEX trading volume, Tron dominates stablecoin settlement, Bitcoin dominates the collateral asset market, Base performs strongly in Layer 2 activity, and Hyperliquid excels in perpetual contracts. Currently, Solana, BNB Chain, Bitcoin, Tron, Base, and Hyperliquid account for 6.66%, 6.60%, 6.35%, 6.17%, 5.44%, and 1.81% of DeFi TVL, respectively.