Ethereum [ETH] has reasserted its dominance in the blockchain space, pulling in a commanding $704.48 million in net inflows this week, according to the latest data from DeFiLlama. This figure not only dwarfs those of its closest competitors but also underscores Ethereum’s growing appeal among institutional and retail capital allocators.
Trailing far behind, Arbitrum [ARB] saw $226.18 million in inflows—just 27% of Ethereum’s intake. Other networks, including Aptos [APT] ($20.18M), zkSync Era [ZK] ($16.56M), and Optimism [OP] ($12.84M), collectively amounted to less than 8% of Ethereum’s total, highlighting the widening gap between Ethereum and the rest of the field.
Meanwhile, the picture on the outflow side reveals growing pressure on alternative Layer-1s. Binance Smart Chain (BSC) topped the outflow charts with -$43.83 million, followed by Avalanche [AVAX] at -$29 million and Solana [SOL] at -$25 million. The contrast reflects a clear capital migration toward more trusted, higher-activity ecosystems—primarily Ethereum.
Interestingly, bridge data paints a nuanced picture. While Ethereum did log a net bridge outflow of $603 million for the week ending March 30—stemming from $1.957 billion in withdrawals versus $1.353 billion in deposits—it continues to attract significant inflows. This suggests internal capital rotation rather than wholesale exits.
Further strengthening this theory, daily netflows have often foreshadowed price movements. For example, ETH’s plunge to $3,326 in early January was marked by a massive 208K ETH outflow, while a rebound in late February coincided with a 105K ETH inflow.
Adding to Ethereum’s long-term narrative, Vitalik Buterin recently unveiled a “multi-proof” Layer-2 architecture, combining optimistic, zero-knowledge, and TEE-based systems—a potential game-changer for future scalability.
Also Read: Ethereum’s Pectra Upgrade: Smart Contracts and Staking Boost Coming May 7
Despite volatility, Ethereum remains the backbone of DeFi—commanding not just capital, but also developer activity and transaction volume. As Layer-2 networks like Arbitrum surge alongside it, Ethereum’s hold on the ecosystem appears stronger than ever.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
