Ethereum demonstrated significant growth in 2025, with its decentralized finance (DeFi) total value locked (TVL) surpassing $99 billion, according to DefiLlama. This figure is over nine times that of the next largest Layer 1 ecosystem. Stablecoin transactions on Ethereum also reached $18.8 trillion, driven by reduced transaction costs and expanded infrastructure. Transaction fees on Ethereum's Layer 1 hit five-year lows, while Layer 2 networks offered costs below $0.01, facilitating cheaper payments and remittances. Major platforms like Robinhood, Gemini, and Kraken expanded their use of Ethereum, launching tokenized stocks and planning new Layer 2 networks. Regulatory clarity further supported the rise of crypto-focused neobanks. Ethereum's ecosystem saw increased institutional participation, with over $35 billion in ETH held in funds and reserves. The network's rollup-focused roadmap advanced, achieving 5,600 transactions per second on Layer 2 networks. Celebrating its 10th anniversary, Ethereum recorded 88 million smart contracts and 1.74 million daily transactions, with a robust developer community of 32,000 active contributors.