Over the past five years, Ethereum's TVL has functioned as a quiet price floor for ETH. This relationship reveals something crucial: when app-layer adoption accelerates, it matters far more than any bullish narrative. As DeFi and application ecosystems expand, TVL naturally gravitates higher—and that $1 trillion milestone doesn't just represent a number. It's the economic anchor that effectively backs the entire system. Once that threshold moves, ETH's valuation floor shifts upward with it. The takeaway? Focus less on hype cycles and more on genuine ecosystem growth. Real TVL expansion speaks louder than any market story.