Ethereum's performance in 2025 has been quite impressive. Official data shows that the total value locked (TVL) in DeFi within the ecosystem has surpassed $99 billion, which is more than nine times the size of the second-largest L1 chain, demonstrating Ethereum's absolute dominance in the decentralized finance sector.

The application of stablecoins has also experienced explosive growth. In 2025, the total stablecoin settlement volume completed via Ethereum reached $18.8 trillion, a figure that vividly reflects the robust demand for payments and settlements based on Ethereum. Meanwhile, the efficiency of L2 solutions has significantly improved—transaction fees have been reduced to below $0.01, and the average throughput of the entire network's Rollups has for the first time exceeded 5600 TPS, meaning a cheaper and faster on-chain experience for ordinary users.

In terms of institutional recognition, ETF products and strategic reserves together hold over $35 billion worth of ETH, reflecting confidence from traditional finance. The deployment scale of on-chain RWA (real-world asset tokenization) has exceeded $12 billion, indicating that Ethereum is becoming a key platform for bringing real assets on-chain.

On the technical front, the implementation of two major upgrades, Pectra and Fusaka, has further improved the network architecture. The L1 gas limit has been raised to 60 million, laying the foundation for higher-density transaction processing. To date, the number of smart contracts deployed on Ethereum has surpassed 88 million, with peak daily transactions reaching 1.74 million, and the active developer community is approximately 32,000—these indicators all show that development activity and application innovation within the Ethereum ecosystem continue to accelerate.