DeFi TVL distribution across 10 blockchains between early and late 2021
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.
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 67 percent of the total DeFi market by November 2021. Competing blockchains like Solana emerged in 2021, however, as