$ETH ereum has seen robust inflows into spot ETH ETFs, especially in the U.S. and Europe, boosted by regulatory clarity and the rise of “Project Crypto” ​ .

As of early August 2025, small public companies collectively held $3.5 billion) across corporate treasuries, up from under 116,000 ETH at the end of 2024. This reflects growing institutional adoption and reliance on ETH for staking yield and inflation hedging (3–4% staking returns) ​ .

ETH has outperformed Bitcoin over the past month, rising nearly 54% vs. BTC’s 10%, underscoring heightened investor enthusiasm and confidence ​ .

Technical & Ecosystem Upgrades

The Dencun (Deneb‑Cancun) upgrade, live since March 13, 2024, introduced EIP‑4844 (Proto‑Danksharding) enabling blob transactions to dramatically reduce Layer‑2 fees ​ .

The Pectra (Prague‑Electra) upgrade rolled out on May 7, 2025, bringing enhanced wallet smart contract functionalities, staking flexibility (validator stake range increased), and eleven performance-centric EIPs ​ .

Research into ZK Rollups demonstrates scalable DeFi performance—up to 71 swaps/sec vs. 12/sec on Layer‑1 Ethereum, making rollups a key growth vector ​ .

🌍 Network Fundamentals & Adoption

As of mid‑2025, over 35 million ETH (~30% of circulating supply) is staked—indicating long-term commitment by stakeholders and reduced liquid supply ​ .

Ethereum remains the dominant DeFi & tokenization platform, accounting for ~59.5% of DeFi TVL, 50% of stablecoin volume, and 54.8% of tokenization activity globally ​ .

dApp adoption continues growing, with NFT and social dApps rising 6–9% in user engagement by early 2025, though DeFi apps saw a modest dip.