The Ethereum ecosystem in 2025 continues to demonstrate strong vitality. The total value locked in DeFi surpasses $99 billion, which is nine times that of the secondary L1 ecosystems, highlighting its clear advantage. In terms of stablecoins, the annual settlement transaction volume reaches $18.8 trillion, making it the main driving force of on-chain finance.

Improvements on the cost side are also evident. The L1 mainnet has hit a historic low for the first time in five years, while transaction fees on L2 networks have been reduced to below $0.01, offering a better cost structure for both ordinary users and developers. Institutional adoption is accelerating, with 35 billion ETH flowing into spot ETFs, reflecting traditional finance's recognition of Ethereum assets.

In terms of performance, L2 throughput has reached approximately 5600 TPS, and processing capacity is no longer a bottleneck. The data performance of the entire ecosystem is enough to demonstrate Ethereum's core position in Web3 infrastructure.