Ethereum’s blockchain is processing more activity than ever, yet the ETH token continues to struggle below $2,000. During Q2, the network generated over $88 million in Real Economic Value, up 7% from the previous quarter, while applications built on Ethereum produced $1.8 billion in fees, with the protocol capturing only 4.9% of that value. Ethereum rollups are currently processing around 1,270 user operations per second, compared to 20.4 on the mainnet. Real-World Assets on Ethereum have exceeded $17 billion, and the stablecoin market has grown to nearly $300 billion, suggesting the network’s competitive advantage now lies in institutional finance settlement rather than cheap transactions. Approximately 33.7% of the total ETH supply, or 41.10 million tokens, is currently securing the network through staking.
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