Ethereum’s DeFi empire hits $370B – Here’s what’s fueling it

Key Takeaways

How dominant is Ethereum in DeFi proper now?

Ethereum leads the way in which with over $370 billion in person property, about $290 billion greater than another blockchain.

What Helps Ethereum’s Market Cap?

Tokenized property and stablecoins on Ethereum typically present a flooring for ETH’s valuation, retaining its market capitalization secure.

Ethereums [ETH] dominance in DeFi stays unparalleled. Purposes constructed on the community now safe greater than $370 billion in person property, almost $290 billion greater than another blockchain.

As stablecoins and tokenized property develop, Ethereum stays key to the business’s development.

Ethereum extends lead

Supply:

The blockchain continued to dominate DApps, with roughly $370 billion in person property on its community. It is a large $290 billion lead over the following largest ecosystem.

Supply:

Knowledge from Token Terminal confirmed that the whole worth of Ethereum (TVL) has soared alongside the expansion of stablecoins, lending protocols, and tokenized RWAs.

The community traded at a 1.27x a number of of its ecosystem worth, regardless of growing competitors from Solana [SOL]TRON [TRX]and Arbitrum [ARB].

Tokenized property anchor Ethereum’s market worth

Data showed that the market capitalization of tokenized property on Ethereum (together with stablecoins) typically gives a flooring to the whole worth of ETH. As extra property are issued and traded on-chain, Ethereum’s market cap normally rises together with it.

Supply:

The chart additionally confirmed that the expansion in tokenized asset worth noticed in early 2022 and mid-2025 carefully aligns with the restoration of ETH’s totally diluted market capitalization.

Momentum is waning as consumers lose steam

On the time of writing, ETH was buying and selling at $4,155 after briefly testing resistance round $4,200.

Supply: TradingView

The RSI stood at 52.8; impartial momentum after cooling of the overbought setting earlier this week. In the meantime, the MACD confirmed a light bullish crossover, however the fading inexperienced bars within the histogram meant buying energy weakened.

In the meantime, OBV held regular at 11.9 million, so quantity assist for additional good points could have been restricted. With numbers pointing to consolidation, ETH is struggling to keep up upside close to short-term resistance.