Ethereum's price has plunged by 15.3% in 2025, while Solana and TON have seen even steeper declines of 35.9% and 73.8%, respectively. Despite these significant drops, on-chain data indicates robust fundamentals for these networks. Ethereum has generated $350 million in fees, and Solana has recorded $206.8 million. Meanwhile, BNB Chain has reported 59.8 million active addresses and $260.3 million in revenue. The current downturn is viewed as a market revaluation rather than a structural breakdown, suggesting that the underlying strength of these blockchain networks remains intact. Investors are closely monitoring the situation to assess future market movements.