$ETH
Ethereum network growth, spot ETH ETF inflows and price gains lure new investors
Ethereum’s dominance in staking, the spot crypto ETFs, and improving investor sentiment all point toward a sustained ETH price rally.
ETH’s price gains are driven by an uptick in network activity and robust spot ETF inflows.
Data suggests $2,800 will remain a difficult hurdle for ETH to overcome.
Ether
$2,764
has traded within a relatively narrow range between $2,370 and $2,770 since May 10, yet several indicators suggest potential for upward movement. Ethereum continues to lead the blockchain space in both deposits and activity when its layer-2 scaling solutions are included in the analysis.
Despite Ether's failure to reclaim its all-time high during the 2024–25 cycle, none of the so-called Ethereum killers have come close to matching its $66.6 billion in total value locked (TVL). Ethereum currently holds a dominant 61% share of the market, while the two largest competitors together account for only 14%.
The TVL of Ethereum’s base layer grew 6% over the past 30 days, led by gains from Pendle, Ethena, and Spark. In contrast, BNB Chain saw a 6% decline, and Solana’s deposits dropped by 2%. More importantly, the surge in deposits across competing blockchains during the memecoin frenzy earlier in 2025 has proven to be unsustainable.
Ethereum did lose ground in decentralized exchange (DEX) volumes due to high base layer fees, which remain a barrier for most users. However, its layer-2 solutions collectively recorded an impressive $70 billion in DEX activity over 30 days, maintaining Ethereum’s lead across the ecosystem. Notable contributors include Base, Arbitrum, Unichain, and Polygon.
