Onchain Activity & Innovation - Contract deployments reflect the evolving scope of onchain activity and potential new behaviors or use cases [1] - Contract deployment serves as a signal for innovation and growing utility onchain [1] Ethereum Contract Deployments - Ethereum L1 remains a vibrant hub of activity despite developers shifting towards L2s [2] - New contract deployments on Ethereum spiked above 200 thousand per day multiple times this year [2] - Contract deployments lulled during the tail end of 2024 and the start of 2025, followed by a development spree in recent months [2]

Market Dominance - Ethereum holds a 90% share of on-chain liquid assets, drawing parallels to Google's search dominance [1] - Layer 2 solutions like Coinbase and Robinhood are settling on Ethereum, a trend expected to increase with regulatory clarity [1] Future Potential - The report highlights insights on Ethereum's potential [1]

Ethereum Network & Regulation - Ethereum network has been institutionally managing and securing since proof of stake [1] - The Genius Act provides stable coin clarity, benefiting Ethereum as the majority of stable coins settle to it [1] - The industry is shifting from proof of concept to production with ZKevm on the way [1] Layer 2 (L2) Solutions - L2s are improving speed, privacy, and confidentiality [2] - Fast actors like Coinbase (with Base), Robin Hood, and Kraken are creating L2s that will settle to Ethereum layer 1 [2] - Bulge bracket banks are expected to have their own L2s settling to Ethereum [2] Institutional Adoption - The industry aims to educate Wall Street (top-down) and Main Street (bottom-up) about Ethereum [2]

RT tunez (evm/acc) 🤖 (@cryptunez)People often claim that L1s have a premium. This is wrong.In reality, L2s have a premium.Their tokens are not used for anything, yet somehow launch at multi-billion dollar valuations before going down only. https://t.co/S5PkDMk9bQ ...

Key Metrics - ETH in treasuries surged by 5,829% [2] - ETH on CEXs hit the lowest level since 2016 [2] - L2s now see 5x more daily users than L1 [2]

Industry Trends - 4 Bitcoin (BTC) mining operations transitioned to Ethereum (ETH) staking this quarter [1] - Sony, Coinbase (CB), and Robinhood (RH) all announced Layer 2 (L2) solutions [1] Supply Dynamics - 155 thousand ETH were unstaked and moved to exchanges from miners [1] - Exchange Traded Funds (ETFs) absorbed 315 thousand ETH this week alone [1] - Total ETH absorption is running at 3330% (33.3x) of new issuance [1]

L2 Adoption & Network Effects - Companies like Coinbase, Sony, Alibaba, Deutsche Bank, Robinhood & OpenAI have leveraged Layer 2 solutions (L2s) to create powerful network effects [1] - Setting up an L2 is crucial for benefiting from these network effects [1] - There is a high probability that the mentioned companies will establish their own L2s [1] L2 Benefits - L2s offer benefits beyond network effects, including settling on ETH L1, high customizability, and an attractive business model [1] - Base is generating approximately $80 million in annual revenue, indicating the potential of the L2 business model [1] ETH L1 Role - ETH L1 is positioned as the base layer of trust for the onchain economy [2]

ETHCC takeaways (pt 3):- rumors have it that stripe is next to launch a chain- community really doesn’t care about memes, for better or worse- there are some very big zk mainnet launches soon- only met one or two early stage teams that were interesting for our venture fund- fav events: defi summer day, sovereign EVM day, (re)fundamentals, stark cafe,- the stages at main event that have a privacy rule create the best convos, more of that in future- feels like the ‘calm before the storm’ sentiment-wise- ppl a ...

In any case, if Ethereum and ETH fail, Ethereum's L2s and their tokens are valueless.Aligning incentives is a win-win. ...

https://t.co/GiAQhwZRgIBREAD | ∑: (@0xBreadguy):@RyanWatkins_ This makes no sense unless you believe in a consensus premium.Chains who leverage Ethereum:• can have higher capacity• can have lower latency• have a more-direct path to revenueIt's why L2s as a category should be stopped.The best execution environments will be ...