Data: DeFi TVL Decreased by $48.9 Billion in Q1 This Year, a 27.5% Decline

According to ChainCatcher, a report by CoinGecko indicates that in the first quarter of 2025, the total value locked (TVL) in decentralized finance (DeFi) fell by 27.5%, a decrease of $48.9 billion, primarily due to widespread declines in altcoin prices.

Specifically, Ethereum's TVL decreased by approximately $40 billion, with its market share dropping from 63.5% to 56.6%. Solana and Base saw an increase in market share, although user deposits also pulled back. The emerging public chain Berachain reached a TVL of $5.2 billion, ranking sixth.