Ethereum has released its 2025 ecosystem progress report, highlighting substantial achievements across various metrics. The total value locked (TVL) in decentralized finance (DeFi) on Ethereum has surpassed $99 billion. Stablecoin settlement volumes reached an impressive $18.8 trillion, while Layer 2 transaction fees have dropped below $0.01. Additionally, the average transactions per second (TPS) for Rollups exceeded 5600 for the first time. The report also notes that ETFs and strategic reserves now collectively hold over $35 billion in ETH. On-chain real-world asset (RWA) issuance has surpassed $12 billion. Ethereum has deployed over 88 million smart contracts, with a daily transaction peak of 1.74 million and approximately 32,000 active developers contributing to the network.