## Ethereum consolidates dominance in the DeFi market: what is DeFi and why the network leads
Ethereum demonstrated a spectacular growth in its Total Value Locked in DeFi (DeFi, or Decentralized Finance), surpassing any other competing network by an impressive margin. With TVL exceeding **$99 billion**, the network expanded its lead to approximately 9 times that of its closest competitor, reaffirming its position as the core infrastructure for the decentralized digital economy.
### What is DeFi and why Ethereum dominates
DeFi refers to the set of financial applications built on blockchains tha
View OriginalEthereum demonstrated a spectacular growth in its Total Value Locked in DeFi (DeFi, or Decentralized Finance), surpassing any other competing network by an impressive margin. With TVL exceeding **$99 billion**, the network expanded its lead to approximately 9 times that of its closest competitor, reaffirming its position as the core infrastructure for the decentralized digital economy.
### What is DeFi and why Ethereum dominates
DeFi refers to the set of financial applications built on blockchains tha