@leemeifeng55

Ethereum’s dominance in DeFi may face challenges from emerging public blockchains. Its high gas fees and scalability issues have driven developers to alternatives like Solana, Avalanche, and Polkadot, which offer faster transactions and lower costs. Solana, for instance, boasts 65,000 TPS compared to Ethereum’s 15-30 TPS, attracting projects seeking efficiency. Avalanche’s subnets and Polkadot’s interoperable parachains also enable customized DeFi ecosystems, eroding Ethereum’s first-mover advantage. However, Ethereum’s robust developer community, extensive infrastructure (e.g., EVM compatibility), and ongoing upgrades like sharding and rollups could sustain its edge. Data from DeFi Pulse shows Ethereum still hosts over 60% of DeFi’s total value locked (TVL), but competitors are gaining traction. While not imminent, Ethereum’s monopoly could waver if these chains capture significant market share and developer mindshare in the long term.

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