2025-12-25 14:22:42

Ethereum's ecosystem status is further validated by data.

According to on-chain data, the scale of Ethereum held by whales has surpassed a new historical high. What does this reflect?

First, the DeFi ecosystem's dependence on Ethereum is hard to imagine. In the total value locked (TVL) of the entire DeFi market, 68.2% of the funds are locked on the Ethereum network, which means that even amid increasing multi-chain competition, Ethereum remains the primary hub for DeFi liquidity.

The situation is even more intuitive with stablecoins. Among the globally circulating stablecoins, over 64.44% are issued on the Ethereum network, reflecting its core role as a transaction settlement layer and liquidity pool.

Actions at the institutional level speak even more clearly. Major traditional financial giants like JPMorgan have already begun to build business systems directly on Ethereum, rather than just observing. This shift indicates that institutions are moving from capital allocation to ecosystem participation.

Whale accumulation, record-high ecosystem market share, and deep institutional involvement—these three signals appearing simultaneously suggest that Ethereum's network value and application foundation are still being continuously priced.

ETH0.55%

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HashBrownies

· 3h ago

Damn, the whale is eating up the chips again. Is JPMorgan really serious this time?

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AirdropLicker

· 3h ago

Whales are hoarding aggressively, and even JPMorgan has entered the market. This is definitely a signal.

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GateUser-9ad11037

· 3h ago

Whales are accumulating, institutions are also entering, this pace is a bit hard to keep up with. Is ETH really about to take off?

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CryptoComedian

· 3h ago

Laughing and then crying, the 68.2% TVL share—what does it say? It means Ethereum really has no rivals. --- Data speaks for itself. Whales are accumulating to new highs, and JPMorgan is building systems—this looks a lot like traditional finance finally taking it seriously. --- Crypto Meme King: Other public chains are competing on performance, Ethereum is competing on ecosystem, and in the end, they still win big. --- Today's leek diary: Looking at these data, I know my bottom buy was never really at the bottom. --- 64.44% stablecoin share—how many institutions are secretly adding positions? Meanwhile, retail investors are still hesitating. --- When three signals appear simultaneously, it’s either an opportunity or a trap. Anyway, I still need to leverage up. --- The bittersweet truth is: data is impressive, but my wallet still follows the bear market routine. --- So all liquidity is flowing into Ethereum, and other chains are just putting on a show, haha. --- Whales are accumulating, institutions are building, and I’m still calculating my cost basis—that’s just life. --- The DeFi ecosystem can’t do without Ethereum, just like I can’t do without leek—both are helpless dependencies.

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MetaverseLandlord

· 4h ago

68.2% of TVL share, this data doesn't lie, ETH is the foundation of DeFi, can't be moved.

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ImaginaryWhale

· 4h ago

68% of TVL, 64% of stablecoins... what does this data really indicate? It just shows that Ethereum can't be replaced. JPMorgan is already in, and whales are still疯狂ly accumulating. Is this the time to buy the dip or to question life? Honestly, the logic of DeFi is quite solid, but can multi-chain truly threaten this position? Here we go again, every time it's the same argument. Wake up, everyone. This time, I believe the data presented here. But why haven't the prices caught up with the rhythm yet... speechless.

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