Ethereum’s 2025 ecosystem report shows major progress across decentralised finance, scalability, and institutional use. DeFi total value locked reached about $99 billion, while stablecoin settlement volume hit $18.8 trillion, reflecting heavy network use. Layer 2 rollups drove efficiency, cutting fees below $0.01 and pushing average throughput above 5,600 transactions per second. ETH held in ETFs and strategic reserves topped $35 billion, and on‑chain real‑world assets exceeded $12 billion. The network now supports 88 million+ smart contracts, saw 1.74 million peak daily transactions, and has about 32,000 active developers.
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