Ethereum Slips as DeFi Narrative Returns with a New Token Stealing the Spotlight

Source: Dev.to

Key Takeaways

Ethereum dipped this week, but DeFi quietly rebounded.

• Total Value Locked (TVL) crossed $130 B again.
• Yields are moving, and capital is rotating, just not where it used to.

While Ethereum still anchors the ecosystem, activity is shifting toward faster and cheaper execution layers, as well as new DeFi‑native chains built for efficiency.

This isn’t Ethereum being replaced.
It’s DeFi growing beyond a single home.

Ethereum remains the blueprint, but the action is spreading.