Ethereum’s Decade of Dominance: 10 Sets of Data Showcasing Its Continued Prosperity

With the arrival of the tenth anniversary of the Ethereum mainnet, the on-chain data for 2025 shows that this smart contract platform is still thriving. Although some user activities have shifted to other public chains and Layer 2 networks, Ethereum remains the core of the crypto economy. Whether it is developer activity, censorship resistance, or key on-chain metrics, it continues to lead the industry’s development. Let’s review Ethereum’s dominance over the past decade through 10 sets of core data.

1. The supply of stablecoins continues to grow

Since the on-chain migration began in 2017, the supply of stablecoins on the Ethereum network has been rapidly expanding. Except for a brief decline during the most severe period of the last bear market, the on-chain supply of stablecoins has almost always maintained an upward trend. After surpassing the $100 billion mark by the end of 2024, it has continued to grow in recent months.

Currently, there are dozens of stablecoin issuers, including some traditional financial giants. The newly passed legislation in the United States has also cleared obstacles for institutional adoption. As an alternative method for everyday payments, stablecoins are receiving increasing attention.

2. Total Locked Value ( TVL ) Leads the Blockchain

As the first smart contract platform, Ethereum still leads in total locked value. Although the previous bear market severely impacted TVL, it has experienced explosive growth since April this year, reaching a new high of over $88 billion and is chasing its all-time record.

3. The number of active users hits a new high

The number of daily active addresses on Ethereum recently reached a historic high of 580,000. Over the past year, it has been continuously rising, with more and more users turning to Ethereum L1 for unique on-chain financial services. When including L2 networks, the growth is even more astonishing, with multiple leading L2s adding millions of active addresses daily.

4. Daily trading volume steadily increasing

With the increase in active users, the trading volume has also grown. Since October 2023, the daily trading volume has been steadily rising, currently remaining above 1.7 million transactions. If the L2 network is included, the daily trading volume of the Ethereum ecosystem has far exceeded 500 million transactions.

5. Accelerated Adoption by Institutions

In 2025, Ethereum breaks its niche positioning and becomes the smart contract platform favored by institutions. Several financial giants have already deployed business on Ethereum and its L2. Ethereum has also become the dominant platform for real-world assets (RWA), controlling nearly $7 billion in assets and accounting for 54% of the market share.

Recently, Ethereum-related ETFs and financial companies have been performing remarkably, attracting a large influx of funds daily, demonstrating that their popularity is sweeping across the retail market.

6. Enhanced Anti-Censorship

Ethereum prides itself on its censorship resistance. The compliance rate with the OFAC sanctions list significantly decreased in 2025, with major block builders committing to process all transactions. Leading developers are also committed to adopting a “include list”, further enhancing censorship resistance.

7. Developer activity remains strong

The Ethereum core developer community remains active, with 186 independent contributors, surpassing all other crypto projects. The EVM has become the default standard for blockchain development, widely compatible across mainstream chains.

8. Economic security reaches a new high

The amount of staked ETH continues to increase, combined with the rise in ETH prices, resulting in Ethereum’s economic security reaching a historical high of $140 billion. This allows users to trade more securely, free from the potential impact of malicious activities.

9. Surge in Contract Deployment Volume

In recent months, the volume of contract deployments has surged, with over 200,000 new contracts appearing in a single day multiple times. Although some development has shifted to L2, Ethereum L1 remains a vibrant hub of activity.

10. ETH Price Strongly Rebounds

Since May 2025, ETH has appreciated by 75% against Bitcoin, becoming one of the best-performing crypto assets. ETH is only 10% away from its all-time high and is expected to break through and continue to rise in the near future.