- Ethereum consolidated dominance in DeFi with TVL and DEX growth.
- The NFT sector faced declining prices, however, validators remain interested.
Ethereum [ETH] has continued to assert its dominance in the crypto sector, particularly in NFTs and DeFi. Recent observations suggested that Ethereum was consolidating its position in the DeFi sector, which could be seen as a positive development for the network.
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Growth in the DeFi sector
According to data from Messari, the Total Value Locked (TVL) in DeFi witnessed an increase during the market rebound, with Ethereum emerging as one of the most prominent players in this space.
TVL in DeFi increased during the market rebound, with @Ethereum, @BNBCHAIN, and @trondao being the dominant players.@Stacks and @Cardano had significant TVL growth.@Ethereum had a diverse DeFi ecosystem, while other networks had a more concentrated distribution. pic.twitter.com/N0o6xYCtzn
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