Ethereum turns 10: From "World Computer" to Core On-Chain Financial Infrastructure
▫️ Stablecoin Users: >7M
▫️ #Stablecoin Market Cap: >$500B
▫️ On-Chain Assets: >$80B
Notably: $ETH #ETF inflows persist ($295M weekly net inflow), with positive technicals & on-chain signals.👇

1/4 Technical Evolution
✅ Post-2022 Merge, Pectra upgrade advances new phase
✅ Mature L2s (@arbitrum @zksync @Optimism @Scroll_) handle majority transactions
✅ Modular architecture & DA innovations drive efficiency
Data: Avg. gas costs reduced 80%+
2/4 Ecosystem Metrics
🏆 Leading protocol revenue ($1.1B annual fees)
🔹 Key applications:
・@Uniswap: 20M+ MAU, $19M cumulative revenue
🔹 TVL Distribution:
・@LidoFinance: $33.5B (Liquid Staking)
・@aave: $32.8B (Lending)
・@eigenlayer: $17.9B (Restaking)
🔹 RWA: @OndoFinance & @ethena_labs expanding institutional partnerships

3/4 Institutional Activity
📈 $ETH ETF Trends:
・BlackRock’s $IBET: 23 consecutive days zero outflows
・$1.5B net inflows over 7 weeks (Coinshares)
📦 Entity accumulation: 320K $ETH acquired in 3 months
Note: Institutional holdings now exceed EF staking, like SBET
4/4 Market Indicators
⛓️ On-Chain:
・MVRV Z-Score >0
・SOPR >1
・NUPL >0.3
📊 Technicals:
・Golden Cross (50D/200D SMA)
・MACD turned positive

Ethereum's evolution demonstrates its growing acceptance across both crypto-native communities and traditional spheres, extending beyond pure technological advancement.

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