The total value locked in Ethereum's ecosystem reached an impressive $63.2 billion, highlighting robust activity in decentralized finance sectors like lending and yield farming.

Trading activity in derivatives surged, with daily perpetual futures averaging $51.4 billion—up 56% quarter-over-quarter—and options open interest reaching $5.3 billion, indicating heightened market engagement.

Investor sentiment improved significantly, with the share of ETH held at a profit soaring from under 40% to nearly 90%, reflecting a strong recovery in asset value.

Ethereum's inflation rate remained low at around 0.75% annually, helping to alleviate long-term supply concerns.

While the shift from capitulation to optimism in ETH's Net Unrealized Profit/Loss signals a positive outlook, analysts emphasize that continued ETF inflows and favorable fee dynamics are crucial for sustaining growth into the third quarter of 2025.

Ethereum (ETH) saw a remarkable turnaround in the second quarter of 2025, with record ETF inflows totaling $1.7 billion, reversing previous outflows and strengthening its market position.

This period also experienced a 7% increase in Layer-2 activity alongside a 39% drop in average user fees, creating a more favorable economic environment for Ethereum.