In 2025, the competition between Ethereum and Solana in the DeFi sector intensifies. TVL (Total Value Locked) measures the total amount of assets locked in a platform’s smart contracts. Solana is rapidly expanding its DeFi volumes, while Ethereum continues to hold a substantial lead.

The market resolves based on Solana’s share of total value locked (TVL) relative to Ethereum’s TVL, recorded on or before December 31, 2025 (23:59 UTC), according to DefiLlama (https://defillama.com/).

The ratio of these blockchains’ TVLs at any moment up to December 31, 2025 (23:59 UTC) applies. Data from other aggregators or platforms are not considered. Only the “Total Value Locked” (TVL) metric is taken into account.