Ethereum is rising from the ashes, with the ETH token price reclaiming $4,000<\/a> and the chain\u2019s total-value locked cruising to a new all-time high.<\/p>\n The chain\u2019s ecosystem TVL just made a brand new high of $306 billion, surpassing its previous high of $253 billion in December 2024, and $195 billion in 202, according to TokenTerminal<\/a>.<\/p>\n While ETH is still 15% off its all-time high of $4,700, the ecosystem\u2019s stablecoin scene has exploded over the last two years and has carried the chain\u2019s TVL to new highs. In December 2021 Circle and Tether accounted for 39%, or $75 billion of Ethereum\u2019s TVL, but now in 2025 that aggregated total has increased by 63% to $121 billion<\/a>. <\/p>\n The growth of DeFi-native stablecoins such as Ethena\u2019s USDe and Sky\u2019s USDS have contributed to the expansion as well, creating an additional $15 billion<\/a> in economic value for Ethereum.<\/p>\n The Ethereum Foundation\u2019s (EF) structural changes and Ethereum\u2019s Pectra upgrade<\/a> may have laid the groundwork for the token\u2019s outperformance in Q2.<\/p>\n In June, the EF unveiled a new treasury policy<\/a> focused on a return to its cypherpunk roots after facing backlash from the Ethereum community throughout 2024 and in the first half of 2025. The new roadmap focuses on<\/a> transparency in foundation financials, active engagement with DeFi, supporting Ethereum builders and improving the dynamic between the Layer 1 and Layer 2 ecosystems.<\/p>\n While the EF focused on regaining trust from its crypto-native userbase, the Securities and Exchange Commission (SEC) and Blackrock have been going to work to make ETH more appealing to institutional buyers.<\/p>\n The interest began in May when BlackRock filed<\/a> for in-kind redemptions allowed within its iShares ETH ETF, and proposed that staking be permitted. <\/p>\n Meanwhile, the SEC has been loosening the stranglehold it had set on DeFi during the previous administration. On Tuesday<\/a> a branch of the Commission branch clarified that liquid staking activities are not considered securities, and last week SEC Chair Paul Atkins unveiled \u201cProject Crypto\u201d<\/a>, which was a sweeping endorsement of all things DeFi, from staking to tokenized stock trading.<\/p>\n The ETH\/BTC ratio is also rebounding after getting crushed over most of this cycle. The ratio bottomed out at 0.018<\/a> in April, a 78% fall from its 2022 highs of 0.085. ETH\/BTC is back up to 0.034 today, an 89% rally from its Q2 bottom.<\/p>\n ETF buyers<\/a> may be driving the reversion, with ETH ETFs hitting new highs of $21 billion in assets under management, a 300% increase from the April bottom of $5.25 billion, according to SoSoValue<\/a>.<\/p>\n The second-biggest blockchain is off to the races with its token price and ecosystem metrics soaring. Ethereum is rising from the ashes, with the ETH token price reclaiming $4,000 and the chain\u2019s total-value locked cruising to a new all-time high. The chain\u2019s ecosystem TVL just made a brand new high of $306 billion, surpassing its […]<\/p>\n","protected":false},"author":2,"featured_media":401446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-401445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/401445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=401445"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/401445\/revisions"}],"predecessor-version":[{"id":401447,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/401445\/revisions\/401447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/401446"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=401445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=401445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=401445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Return to Glory<\/h2>\n
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