Ethereum's total value locked (TVL) has stabilized at $68.6 billion, reflecting a consolidation of capital within the decentralized finance (DeFi) sector. The broader DeFi TVL stands at $182 billion, with significant inflows directed towards major protocols such as Aave and Lido. This trend underscores Ethereum's role as a critical settlement layer, driven by increasing institutional adoption of stablecoins and tokenized assets within its ecosystem.