币界网报道：Decentralized finance (DeFi) is experiencing significant liquidity fragmentation across multiple blockchains, with over 50% of total value locked (TVL) now spread beyond Ethereum, according to industry analysts. The latest data shows Ethereum's dominance in DeFi TVL has dropped below 50% for the first time, as alternative Layer 1 chains like Solana, Avalanche, and Binance Smart Chain continue attracting capital with lower fees and faster transactions. This fragmentation presents both opportunities and challenges - while it enables broader participation and innovation, it also complicates cross-chain interoperability and increases security risks. Major DeFi protocols are responding by deploying multi-chain versions of their applications, though liquidity silos remain a concern. The trend reflects the growing maturity of blockchain infrastructure beyond Ethereum, but experts warn that excessive fragmentation could undermine DeFi's composability advantage.