Ethereum on-chain application TVL has surpassed $300 billion.
TL;DR
Ethereum's on-chain application TVL has exceeded $300 billion, driven by DeFi, stablecoins, RWA, and staking. It leads in liquidity, developer ecosystem, and institutional confidence, showcasing strong network effects.
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[Ethereum On-Chain Application TVL Surpasses $300 Billion] According to Mars Finance, Leon Waidmann stated on the X platform that the total value locked (TVL) of Ethereum on-chain applications has surpassed $300 billion. These funds are active in DeFi, stablecoins, RWA, and staking applications, representing real economic activity. Leon Waidmann pointed out that Ethereum leads other networks in liquidity depth, composability of its developer ecosystem, long-term track record of institutional forecasts, and user and capital reserves, demonstrating the emerging network effect.