
Ethereum (CRYPTO: ETH) may be the blockchain network that gave us DeFi, but it's arguably not the most popular DeFi network — if popularity is gauged by actual participation and not enduring hype. In fact, the accepted leader in the space has lost its grasp on the no. 2 spot.
According to Staking Rewards, Terra’s Luna (CRYPTO: LUNA) token has a total staked value of over $26 billion. Solana (CRYPTO: SOL) maintains the top spot with $32 billion staked, pushing Ethereum to no. 3 with $24 billion staked.