Live from @EFDevcon - and really proud: we just released our most comprehensive @ethereum Q3 briefing so far.
The quarter brought major shifts across the ecosystem, and @TheBigWhale_'s data tells a clear story:
👉 On-chain value: TVL rebounded strongly across all blockchains, with Ethereum remaining the largest hub for liquidity and lending activity.
👉 Institutions: ETH spot ETFs attracted $9.6B in Q3, and treasury companies now hold 4.34M ETH - a sign of growing institutional engagement across the market.
👉 Layers 2: the landscape is becoming more polarised, with networks like @base and @arbitrum gaining momentum ahead of the Fusaka upgrade and its PeerDAS improvements.
👉 Regulation: the GENIUS and CLARITY Acts bring more clarity to the US environment, especially for stablecoins and DeFi.
👉 Tokenisation: progress remains gradual, but most institutional pilots continue to use Ethereum as infrastructure.
👉 DeFi: protocols such as @aave, @Morpho and @eulerfinance are now support AUM levels comparable to fintechs.
Bottom line: Q3 2025 was a defining quarter for the entire on-chain finance ecosystem, and Ethereum’s evolution - both technologically and institutionally — played a major role in that broader momentum.
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