Ether has not been able to break above the $2,700 point since May, showing weakness in recent weeks. However, the value of Ethereum has beaten the general crypto market by 17 percent in the last 30 days. Such consistent lead is a reflection of the strength of Ether in the face of increased worry from investors and uncertain global economic conditions.
The overall concern is based on dwindling attention for decentralized applications (DApps), impacting activity across every blockchain, including the Ethereum network. Investors point out that Ether is still down 48 percent from its high of $4,870 hit in October of 2021.
Ethereum maintains its leadership position in total value locked (TVL) at 54.2%, and the overall decentralized finance space is worth $122 billion. Despite this, the sector’s total value locked is down 43% from the peak in December 2021.
Ethereum maintains lead In TVL rankings
Ethereum’s ecosystem is benefiting from increased usage of layer-2 scaling solutions, currently with an additional 6.3% TVL. This total dominance keeps Ethereum deposits significantly ahead of alternative blockchains such as BNB Chain and Solana. Combined, Ethereum and layer-2 networks enjoy more than double the deposits of their two biggest competitors.
Solana, though riding the wave of the memecoin boom at the beginning of 2025, still doesn’t enjoy steady advantages for SOL holders. Successful Solana DApps, like Meteora and Pump, collected more than $350 million worth of fees in the last thirty days.
However, the network only raised $48.5 million itself, with poor prospects for the native SOL token to become valuable in the long run. Meanwhile, the top four DApps of Ethereum gained $169 million, with their customers spending $38.3 million directly on ETH-related fees, reflecting healthier revenue trends.
Despite a fresh 9% dip in the price of Ether, futures market premiums remained close to 6%, indicating healthy sentiment. The Ethereum layer-2 network now processes fifteen times more transactions than the base layer. Amidst the specter of global uncertainty in the markets, Ether’s robust TVL and transaction scalability mitigate the threat of deeper losses.
