Solana vs Ethereum: Which Chain Is Winning the Battle For DeFi Liquidity?
Ethereum (ETH) and Solana (SOL) remain two of the most influential blockchains in decentralized finance. Both are competing for developer attention, user adoption, and the capital that flows through decentralized applications. Evaluating total value locked, developer activity, and transaction costs shows where each chain stands in mid-2025.
Total Value Locked
Ethereum continues to lead in total value locked (TVL), supported by established protocols, institutional trust, and the maturity of its DeFi ecosystem. Major lending platforms, decentralized exchanges, and stablecoin infrastructure still default to Ethereum as the first choice for liquidity.
Solana, while smaller in absolute terms, has shown impressive growth in niches like NFTs, gaming, and high-velocity retail trading. Its TVL has expanded quickly as low-cost transactions attract projects that …
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