Ethereum’s network was robust in 2025, controlling 64% of the DeFi market’s total value lock. Despite this success, ETH’s price fell by 10% to under 3,000 USD, suggesting a detachment between network activity and price.
The network’s decision to lower transaction fees aimed to enhance L2 network growth, leading to a 53% reduction in L2 revenue to 129 million USD. Consequently, the Ethereum mainnet ‘sacrificed’ over 100 million USD in potential earnings to promote ecosystem initiatives.
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