Ethereum Isn't Just Surviving - It's Still The Financial Heart Of Crypto, Settling Nearly 80% Of All DeFi Value

When people say Ethereum is still king, it is not just tribal noise, the data backs it up. An insane chunk of decentralized finance still anchors itself here. Approximately 60% of all the value in DeFi is finalized on Ethereum L1. If we add scaling networks like Arbitrum, Optimism and Base, that share jumps to 67% and if you include compatible ecosystems like BNB chain, Polygon or Avalanche it gets close to 80% of all settlement activity dancing around Ethereum.

This is not about trading or hype, it is where transactions become permanent, where the digital ledgers seal the deal. The final Yes that can not be undone.

I see Ethereum as a massive global financial hub like Leon does too.

• The main chain (L1) is like the central bank and court system, it sets the rules and records the most critical operations keeping them safe.
• Layer 2s are booming cities connected by highways and processing huge amounts of commerce but always reporting back to the center.
• EVM-compatible chains? They are neighboring nations, independent but still tied together by culture, infrastructure and shared technology.

Even with new competitors rising, most important value still flows through Ethereum ecosystem and it keeps growing. ETH is the heart of all of it, the fuel, the currency and the trust layer that keeps the machine running.

Source:

• Tweet: https://x.com/LeonWaidmann/status/1972667969785225709