The report says Ethereum’s position in DeFi (decentralized finance services) has weakened as competing blockchain networks attract a larger share of activity.
Ethereum has lost 10% of its market share in DeFi (decentralized finance services), according to the provided report headline. The shift indicates that rival blockchain networks are capturing a greater portion of decentralized financial activity, a sign of rising competition across the smart contract (self-executing blockchain code) ecosystem. In DeFi, market share usually reflects where users, liquidity, and applications are concentrated, so a decline for Ethereum can point to changing preferences around cost, speed, or network accessibility. The source does not provide figures beyond the 10% decline or name the competing chains.