Franklin Templeton's Report Highlights Shifts in DeFi Landscape

According to Foresight News, asset management firm Franklin Templeton has released a comparative study on Solana and Ethereum's decentralized finance (DeFi) ecosystems. The report indicates that for the first time since Ethereum's inception, a significant portion of DeFi activity is being dominated by non-EVM (Ethereum Virtual Machine) aligned infrastructures. This shift could signal the emergence of an SVM (Solana Virtual Machine) or at least a non-EVM dominated era. The study also notes the migration of DeFi activities from Ethereum's mainnet to layer-2 blockchains, suggesting that Ethereum's scaling solutions are progressing effectively. This trend is particularly evident with the recent or upcoming launch of new high-throughput EVM-compatible public blockchains. Furthermore, as Solana continues to demonstrate its resilience as a decentralized computing platform, the market may soon begin to align the valuations of blue-chip, foundational DeFi protocols on Solana with comparable protocols on Ethereum.