Ethereum's dominance in the DeFi market has decreased from 90% in January 2021 to 49% in April 2022, but it still accounts for two-thirds of the value locked in DeFi. Interest in alternative blockchains has diminished due to rising rates, regulation, and improvements to Ethereum. Ethereum's rollups, or layer 2 blockchains, such as Arbitrum and Optimism, offer users access to Ethereum's security and decentralization at a fraction of the price. Alternative blockchains face a liquidity problem as users prefer native assets and Ethereum's network effects make it more attractive for new users.