This is not an annual summary.
This is Ethereum's first time presenting a 'verifiable report' to the world.
You need to remember a phrase👇
2025 will be a watershed moment for Ethereum to completely break free from the fate of being an 'experimental chain'.
1. First, the conclusion: ETH is no longer an asset to 'gamble on growth'
Many people are still stuck at👇
Ethereum = High Gas = Technical experiments = Future narratives
But in 2025, reality has already reversed👇
👉 Ethereum = The settlement layer used by financial institutions
👉 Ethereum = The value network trusted by the AI system by default
👉 Ethereum = The infrastructure being taken over by the compliant world
This is not consensus, but the result of facts piled up.
Two, protocol layer: two hard forks a year, ETH has upgraded like an 'operating system'
In 2025, Ethereum will complete two key upgrades👇
🔧 Pectra (May)
Account abstraction fully implemented
Gas payment, transaction packaging
Passkey signature
In one sentence👇
User experience officially catches up with Web2.
⚙️ Fusaka (December)
Introducing PeerDAS
Cost reduction
8 times scalability
What's tougher is👇
👉 Three increases in gas limits without hard forks
What does this indicate?
Ethereum has the capability of 'self-optimization'.
This is not a test chain; this is a mature network.
Three, regulatory level: Ethereum is 'written into the rules' for the first time
This segment has extremely high value👇
U.S. Securities and Exchange Commission (SEC)
👉 Clearly stating: Ethereum is not a security
GENIUS Act passed
👉 Establishing the first federal-level stablecoin framework
Tornado Cash sanctions lifted
👉 Privacy has changed from 'risk' to 'capability'
Summary in one sentence👇
Ethereum has transformed from a regulatory subject to a technology base adopted by regulators.
Four, institutional entry: not buying ETH, but directly 'running on the chain'
Look at these names👇
JPMorgan
👉 Mainnet launch of tokenized money market fund MONY
BlackRock
👉 BUIDL scale once approached 30 billion USD
Ethereum spot ETF
👉 28.6 billion USD AUM
Stablecoins:
👉 Total 300 billion USD
👉 Annual trading volume 46 trillion USD
👉 54% on Ethereum
This is no longer 'optimistic',
But rather👇
Directly migrate real financial activities up.
Five, Layer 2: not a patch, but 'Ethereum's city clusters'
In 2025, L2 will no longer be 'scaling solutions',
But rather👇
Ethereum's main battlefield.
L2 TVL: 35.7 billion USD
Trading volume: has exceeded the mainnet
Transaction fees: fractional cents
Ecosystem maturity indicators👇
Uniswap
👉 Annual trading volume over 1 trillion USD+
Aave
👉 Active lending scale 25 billion USD
DeFi TVL:
👉 93.9 billion USD (year-on-year +71%)
This is no longer a testing ground; it's a financial factory.
Six, AI + ETH: for the first time, no longer just PPT, but protocol-level integration
The most underestimated one in 2025👇
ERC-8004:
👉 AI Agent identity + asset standards
**Coinbase x402 Protocol
👉 Support for machine-to-machine micropayments
This means👇
AI does not need to trust company accounts,
They directly trust Ethereum.
In one sentence👇
ETH is becoming the settlement mother chain of the AI world.
Seven, why say: ETH has entered the 'infrastructure pricing period'?
Compare with the current market👇
New coins 85% broken
Narrative failure
High FDV collapse
But what is Ethereum doing?
👉 Scalability
👉 Compliance
👉 Institutional landing
👉 Cash flow
👉 Dependent on the system
This is not a high-explosive asset,
This is👇
"Assets that cannot go wrong." $ETH
