#ETH# Latest data shows that the total Lock-up Position (TVL) of Ethereum on-chain Decentralized Finance protocols has surpassed 28 billion USD, setting a new historical peak. As of July 20, this figure reached 28.367 billion USD, reflecting a 1.15% rise compared to the previous 24 hours, showcasing the continuous release of ecological vitality.

This data confirms the solid position of Ethereum as the core vehicle of Decentralized Finance. The rise in Lock-up Position is not only a direct reflection of users' trust in the ecosystem but also reflects the deep penetration of scenarios such as lending, swap, and liquidity mining.

As the Cancun upgrade approaches, proposals like EIP-4844 will significantly reduce Layer 2 transaction costs. Coupled with the advancement of subsequent sharding plans, Ethereum's scalability is expected to reach new heights, paving the way for more capital to enter.

However, it is important to be vigilant that the rapid rise in TVL may exacerbate on-chain resource competition, and fluctuations in Gas fees may become the norm in the short term. The community needs to find a balance between innovation and stability to make growth more sustainable.

This milestone is not only a new starting point for Ethereum, but also signals the acceleration of blockchain application implementation - the wave of decentralization is becoming increasingly surging.