Ten charts reviewing Ethereum's decade of dominance

Stablecoin Supply: Ethereum's stablecoin supply has grown exponentially, surpassing $100 billion by 2024, with institutional adoption accelerating due to regulatory support like the GENIUS Act.
Total Value Locked (TVL): Despite competition, Ethereum remains a leader in TVL, hitting over $88 billion in 2025, driven by renewed user confidence and DeFi activity.
Active Users: Daily active addresses on Ethereum L1 reached a record 580,000, while L2 solutions like Base and Arbitrum collectively add millions more, showcasing robust ecosystem growth.
Daily Transaction Volume: Ethereum L1 processes over 1.7 million daily transactions, with L2s pushing the ecosystem total beyond 500 million, reflecting sustained scalability.
Institutional Adoption: Ethereum gained institutional traction in 2025, with JPMorgan and Trump’s projects leveraging its network, while Ethereum ETFs saw massive retail inflows.
Censorship Resistance: Ethereum’s commitment to neutrality strengthened, with declining OFAC compliance and developer efforts to enforce transaction inclusion based solely on fees.
Active Developers: Ethereum leads in developer activity (186 GitHub contributors), with its EVM remaining the industry standard for smart contract compatibility.
Economic Security: Staked ETH reached $140 billion in value, enhancing network security and user trust despite brief outages in late 2024.
Contract Deployment Volume: Daily new contracts surged past 200,000 in 2025, signaling innovation despite earlier slowdowns, with L1 remaining a core development hub.
ETH Price: ETH outperformed Bitcoin by 75% in 2025, nearing all-time highs and gaining dominance as institutional and retail demand soared.

Ethereum’s decade-long dominance is underscored by its resilience, innovation, and growing adoption across metrics, from DeFi to institutional use cases.

Source: Bankless

Compiled and compiled by: BitpushNews

Ethereum has now reached its tenth anniversary. After a full decade of continuous block production on its mainnet, on-chain data from 2025 shows that its activity is still exploding!

While alternative public chains and Ethereum's own Layer 2 network have indeed diverted some user activity, Ethereum remains the beating heart of the cryptoeconomy—leading the industry in developer momentum, censorship resistance, and numerous key on-chain metrics.

So, what does this pioneer of smart contracts look like after a decade of development? The following 10 key data points highlight Ethereum's enduring dominance.

1. Stablecoin Supply

Tether co-created a dollar-pegged stablecoin with the crypto exchange Bitfinex in 2015. Since these tokens first began on-chain migration in 2017, the supply of stablecoins on the Ethereum network has expanded at an astonishing rate.

With the exception of a brief dip during the depths of the last crypto bear market, the supply of on-chain stablecoins on the Ethereum network has historically been on a near-constant upward trend, surpassing $100 billion by the end of 2024 and showing no signs of slowing down in recent months.

Currently, there are dozens of issuers of dollar-pegged tokens, including traditional financial giants like PayPal and JPMorgan Chase. Meanwhile, the recently passed GENIUS Act in the United States is paving the way for institutional adoption, and the sector is also gaining mainstream attention as an alternative medium for everyday payments.

2. Total Value Locked (TVL)

Ethereum is the original smart contract platform. Although multiple competing L1 chains and their integrated L2 networks have diverted Ethereum's locked value, it remains among the leading blockchains in terms of total value locked (TVL).

The TVL stored in on-chain smart contracts and their associated applications is the lifeblood of every crypto network: it represents the amount of value that users trust and deposit into the on-chain financial system.

While Ethereum's TVL took a beating during the last bear market as cryptocurrency prices plummeted and users withdrew from applications or migrated to competing chains, it has been exploding since April of this year, reaching a new cycle high of over $88 billion and actively pursuing a new all-time high.

Source: DeFiLlama

3. Active Users

Even the migration of casual Ethereum ecosystem user activity to Layer 2 has failed to slow the growth of Ethereum's daily active user count, which recently reached a new all-time high of 580,000 unique addresses.

Daily active addresses remained stable throughout the past bear market and continued to climb throughout 2025, as more and more users turned to Ethereum Layer 1 to access the unique properties offered by the world's leading on-chain financial ecosystem.

This growth is even more impressive when active addresses on Ethereum L2s are included; Coinbase's Base L2 alone sees 1.3 million daily active addresses. Meanwhile, leading L2s like Arbitrum, Celo, Ink, and World Chain added another 1.2 million addresses.

Source: Token Terminal

4. Daily Transaction Volume

As the number of active users on Ethereum L1 increases, the number of transactions also grows. Since October 2023, daily transaction volume has steadily increased, remaining above 1.7 million transactions per day at the time of writing. Although this metric can spike during periods of intense speculative activity, Ethereum's daily transaction volume has historically remained largely constant, with 2.9 billion transactions completed since the network's genesis. When taking into account Ethereum's numerous L2s, this statistic becomes even more optimistic. Including leading L2s, daily activity in the Ethereum ecosystem exceeds 500 million transactions.

Source: Token Terminal

5. Institutional Adoption

Ethereum has long been a beloved blockchain among on-chain enthusiasts. In 2025, the crypto network broke free of its niche status and became a prominent smart contract platform favored by institutional players.

President Donald Trump joined this trend early in 2024 by choosing the Ethereum network as the home for his "World Free Finance Project." With banking giant JPMorgan deploying a deposit token on the Base chain in June, Ethereum's Layer 1 (L1) has established itself as the dominant platform for real-world assets (RWAs), controlling nearly $7 billion in value and holding 54% of the market share. In recent months, Ethereum treasury firms—including those led by ConsenSys' Joe Lubin and Wall Street's Tom Lee—have upstaged their Bitcoin competitors with significant price outperformance. Similarly, inflows into Ethereum ETFs have surged in recent weeks, attracting hundreds of millions of dollars daily, signaling that Ethereum enthusiasm is sweeping the retail market.

Source: Farside

6. Censorship Resistance

Ethereum L1 prides itself on its censorship resistance, providing an open financial system by allowing anyone to broadcast transactions without fear of their ability to operate being compromised by a single actor or nation-state.

Unlike other crypto networks that frequently roll back the chain to prevent funds from falling into the hands of bad actors, Ethereum's culture is unique for its blind trust in its code, ensuring that all transactions are final, regardless of the consequences.

These values extend to block building, with most block builders opting to process all transactions, regardless of whether the address or smart contract has been flagged as malicious by a nation-state actor.

Since President Donald Trump's inauguration, compliance with the U.S. Office of Foreign Assets Control (OFAC) sanctions list has declined significantly in 2025, and major block builders have pledged to process all transactions regardless of their origin.

Furthermore, leading Ethereum developers remain committed to adopting "inclusion lists," which would force all validators and block builders to include transactions based solely on fees.

Source: MEV Watch

7. Active Developers

The state of the Ethereum core developer community—the number of unique GitHub users who have committed at least one code to its public repository in the past 30 days—remains strong!

While the number of active developers is lower than the peak of the last bull market cycle, Ethereum Core still has more active developers (186 unique contributors) than any other crypto project.

Ethereum's EVM (Ethereum Virtual Machine) has become the default standard for blockchain development, and its applications enjoy widespread compatibility across major chains.

Source: Token Terminal

8. Economic Security

With the exception of a few brief outages (the longest of which occurred from November 2024 to February 2025), the amount of staked ETH has steadily increased since the initial activation of the Beacon Chain in November 2020.

Combined with ETH's explosive price performance, the continued upward trend in ETH staking has driven Ethereum's "economic security"—the value of ETH staked by validators to secure the network—to a new all-time high of $140 billion.

As Ethereum's economic security grows, users of all kinds can transact with greater confidence, knowing their assets are increasingly protected from malicious actors who could manipulate the blockchain ledger.

Source: Dune Analytics

9. Contract Deployment Volume

Blockchains exist to facilitate user transactions, and contract deployment volume provides insight into the evolving scope of on-chain activity.

These contracts can range from simple tokens to complex applications, but each new contract represents a potential new user behavior or use case. In this way, contract deployments can serve as a signal of growing innovation and utility on a chain.

While Ethereum contract deployments slowed in late 2024 and early 2025, recent months have seen a surge in development, with daily new contract deployments exceeding 200,000 multiple times this year. While developers have shifted to Layer 2s, Ethereum's Layer 1 remains a vibrant hub of activity.

Source: Etherscan

10. ETH Price

Arguably the most closely watched metric of success for any crypto project is the price of its native token. Despite years of struggling to compete with other alternative cryptocurrencies, Ethereum has rebounded strongly since May 2025, appreciating 75% against Bitcoin.

Ethereum has become one of the best-performing crypto assets in recent months, nearly doubling its industry dominance as crypto natives and institutional investors embrace ETH.

Although Ethereum is still 10% away from reaching a new all-time high, recent price performance suggests that goal could be achieved within days. If we look at a logarithmic chart, a break above this level could put it just one step away from $10,000…