Ethereum continues to solidify its position as the leading platform for stablecoins and decentralized finance (DeFi) applications. Over 50% of stablecoin liquidity, amounting to $124 billion, settles on the Ethereum Mainnet, a figure expected to increase substantially with institutional involvement from firms like BlackRock. Layer 2 solutions and other chains have also seen notable growth, with Mantle achieving over $400 million in stablecoins, setting a new all-time high (ATH). Throughput metrics have surged across multiple networks in the past 30 days, including Base (up 17%), OP Mainnet (up 50%), Unichain (up 768%), and Swellchain (up 844%). Ethereum hosts a broad ecosystem encompassing stablecoins, DeFi, NFTs, prediction markets, decentralized identity, and decentralized social platforms, attracting top developers and companies such as Coinbase, BlackRock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, and Polymarket.