Ethereum’s price has shot up 200% since hitting the lows back in April. But the real action?
It’s happening right on the blockchain itself. We’re talking network fundamentals revving up like a finely tuned engine, showing this isn’t some flash-in-the-pan, speculative frenzy.
Growth
Michael Nadeau from The DeFi Report spilled the beans on X, revealing that about 75% of Ethereum’s network revenue now comes from fees and MEV activity.
ETH price is up nearly 200% since mid-April.
But what does that mean for onchain fundamentals?
Has the "reflexivity flywheel" kicked off?
🧵👇
— Michael Nadeau | The DeFi Report (@JustDeauIt) August 25, 2025
Demand for the precious block space is climbing, big time. On top of that, stablecoin supply on Ethereum has jumped to $156 billion, marking a 14% growth since July.
USDT and USDC are hogging most of the stage, pumping life into the network.
The daily settlements on Layer 1 alone hover around $6 billion. We dare to say it’s a full-blown hustle.
And the best part? Institutional players are wading in, wallets deep.
Tom Lee’s BitMine Immersion Technologies announced scooping up almost 1.7 million ETH, worth over $8 billion, making it the largest corporate holder of Ethereum.
It’s like the godfather moving troops into new territory.
Quiet stacking
But keep your helmet on, because volatility’s still lurking. In the past days, ETH dropped over $550 after blasting a new ATH, wiping out more than $110 million in leveraged bets.
The market’s jittery, fragile, but beneath the surface, the network’s structural muscles are flexing strong. You’ve got whales and institutions quietly stacking, fueling the long game.
Right now, in the time of writing, ETH trades around $4,440. Compare this to the broader crypto market dipping a mere 0.3%, and you see Ethereum’s got some serious staying power.
Month-to-month, ETH’s up nearly 18%, and it’s smashing a 62% gain year-over-year.
Robust network demand
Though Ethereum’s fee-burning mechanism, the part that actually reduces ETH supply, hasn’t kicked into high gear yet, big moves are on the horizon.
The Ethereum Foundation is brewing its next play, the so-called Trillion Dollar Security initiative, aiming to beef up wallet and contract safety.
Think public vulnerability databases and human-readable transaction previews, no more shady blind signing. With trillions potentially flowing through, security’s the name of the game.
So, the headlines might focus on price swings. But the real story? Robust network demand, rising stablecoin activity, and growing institutional muscle. And that, guys, is how you build a blockchain empire.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 28, 2025 • 🕓 Last updated: August 28, 2025
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