Since November 2024, the value locked in decentralized finance DeFi protocols has seen a significant decline. This drop has erased all gains made following Donald Trumps election. As Ethereum continues to struggle, investors are left pondering the future viability of DeFi initiatives. Analysis reveals that the current market environment poses serious challenges, and stakeholders must adapt or face further declines. Attention is now on Ethereum to see if it can recover and restore investor confidence.