Based on BitJie, Ethereum maintains its dominance in the DeFi sector with over $370 billion in user assets on its network, surpassing the second-largest blockchain by $800 billion. Tokenized assets and stablecoins on Ethereum continue to support its market cap, with data showing a close correlation between ETH's market cap and the value of on-chain assets. Despite ETH trading at 1.27 times the value of its ecosystem, technical indicators suggest weakening buying momentum and a neutral RSI, with ETH facing consolidation resistance near $4,200.
Ethereum's DeFi Empire Hits $370 Billion Market Cap
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