Listen, friend, it may seem that Ethereum is losing ground — its price has dropped by 26% by the third quarter of 2025. Not too optimistic, right? But if you dig a little deeper, it's not that simple. Despite the weak price dynamics, the Ethereum network itself is showing signs of a very serious recovery.
For example, over the past 12 months, Ethereum has generated $7.3 billion in fees. This is not just a lot — it is the highest indicator among all tier 1 blockchains. Moreover, most of these commissions went to:
Issuers of stablecoins like Tether and Circle — $4.3 billion;
Lido Finance — $910 million, thanks to the popularity of ETH staking;
Credit protocols such as Aave and Morpho — $767 million;
And decentralized exchanges, for example, Uniswap — $750 million.
And now, attention: all this is happening against the background of lower prices. That is, while traders are looking at the charts in a panic, the Ethereum network is bustling with life — DeFi is alive, activity is high, and demand for the use of the blockchain is not decreasing.
Add to this that on June 25, Ethereum processed 1.75 million transactions per day, which is the third highest figure in the history of the network. Such a surge is rare, and the last time similar activity was observed was in January 2024.
Plus, there were 21 million more addresses on the network, and the number of whale wallets increased by 6.5% from 1,000 to 10,000 ETH. These are most likely those who understand that the real value of Ethereum lies in its infrastructure and real usefulness, and not just in the price of the coin.
Technically, the price of ETH fluctuates in a range, holding the important level of $ 2300-2400. And yes, it's not a breakthrough yet, but it's not a capitulation either. If the support holds, ETH may move to the upper limits of the range again, especially if the market starts to exit the "fear mode".
All this suggests that perhaps Ethereum is preparing to move into a new phase. Not just as an asset that is being speculated on, but as the basis of a full-fledged Web3 economy — with DAO, DeFi, NFT and enterprise applications.
So I have a question for you.:
If the growth of Ethereum now occurs not because of HYPE, but due to real use, would you keep ETH as a long-term bet on Web3?
