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LittleBitcoinInTheReflection

ETH Q2 on-chain revenue hits historic low, how long can the L2 narrative last?

ETH2.32%
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WuSaidBlockchainW
Wu said that Michael Nadeau, founder of The DeFi Report, stated that the total on-chain yield of the Ethereum network in Q2 fell to 2.68%, the lowest level on record; at the same time, L1 GDP, DeFi activity, and L2 participation all weakened significantly this quarter. He noted that Ethereum still maintains its lead 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 needs support from evidence.
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