Despite the long-term decline in the price of Ethereum, network activity We have seen significant growth and performance over the past few weeks. After reaching a critical peak in network performance, leading blockchains may be on the verge of achieving another major achievement.
Another reception record for Ethereum
In a significant development, on-chain momentum Ethereum It is growing quietly but surely. As network performance and utilization improve, the network is poised to make history, as revealed in a recent study by Leon Waidmann, market expert and head of research at the On-Chain Foundation.
Even while Ethereum price As it falls, the ecosystem is able to handle more and more activities throughout the year. In X's post, Waidmann said: highlighted The ecosystem is set to end 2025 with another all-time high in transactions this month of December.
As you can see from the chart, the major networks are coming dangerously close to challenging and breaking their previous highs once again for the remainder of this month. Interestingly, this strong performance highlights ETH’s continued role as the foundation for on-chain commerce.
Waidmann mentioned Ethereum's total. number of transactions Layer 2 is constantly pushing higher standards. Several major chains such as Base, Arbitrum, Optimism (OP), World Chain, and ETH mainnet are all making meaningful contributions to the rapid surge in on-chain activity.
As the Ethereum ecosystem grows, growth is not fueled by single outliers, but rather distributed throughout the stack. This includes decentralized finance (DeFi), non-fungible tokens (NFTs), layer 2 networks, and more. Real Application (RWA).
ETH Network Is Dominating the DeFi Sector
Ethereum's network performance extends to the DeFi sector, where it appears to be leading the way, outperforming other major blockchains. After examining the dynamic sector, Ethereum narrator Joseph Young said: revealed Blockchain currently controls over 68.2% of all pure DeFi Total Value Locked (TVL).
Related Read: Ethereum Takes Lead in DeFi Lending Revenues, Beats Competitors – See How
If we calculate the value, more than $69.3 billion has been invested in ETH’s smart contracts. This performance highlights a new surge in capital concentration around blockchain’s underlying protocols. This is possible through liquidity, developer activity, and institutional beliefs that still favor the network over other chains.
Young said that figure is higher than DeFi capital. Solana, Tron, Binance Smart Chain (BSC), Bitcoin, Avalanche and all other chains combined. As a result of this growing dominance, experts have declared ETH as the most trustworthy. Financial settlement layer.
As of this writing, Ethereum is trading at $2,931, down 1% in the last 24 hours. As the price turned negative, trading volume also turned weak, falling more than 7% compared to the previous day.
Featured image from Pxfuel, chart from Tradingview.com
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