Wu Shuo reported that Michael Nadeau, founder of The DeFi Report, stated that Ethereum's total on-chain yield in Q2 fell to 2.68%, the lowest level on record. Meanwhile, L1 GDP, DeFi activity, and L2 participation all weakened significantly this quarter. He noted that Ethereum still leads in stablecoins, real-world assets (RWA), active loans, and ecosystem users, but whether ETH as an asset can gain sustained value accretion from the L2 roadmap still requires more evidence.

ETH2.68%
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