Ethereum is still far from its objective of becoming a “chain of a Billion”, but it remains the L1 network with the most important part of the Crypto company. Based on recent data, Ethereum applications have more than $ 330 billion in user deposits.
Ethereum applications signal an important activity on the chain, as they become L1 with most user deposits. Based on token terminal data, Ethereum carries $ 330 billion in user deposits, after a hurry. The TOKEN terminal included Tether as the main application in terms of locked value, but has also classified other DEFI and general applications.
The best applications on @ethereum By TVL: pic.twitter.com/wb9fb1rwtv
– Terminal token 📊 (@tokenterminal) September 7, 2025
Ethereum still has an advance of $ 250 billion on a tron and remains unrivaled by other L1 or L2. The main reason is that the network is well connected to several centralized and decentralized installations. This allows all users and merchants to be confident in available liquidity and to plan more ambitious DEFI movements.
For Ethereum, economic activity dates back to the chain, with constant growth in applications. After the 2021 cycle with new games and NFT, this time, highly liquid DEFI applications produce higher income. ETH growth greater than $ 4,000 also feeds TVL value. Another eTH rally can increase liquidity and activity in the ecosystem.
On peak days, Ethereum applications have historically produced more than $ 42 million in income. During the bull cycles 2024 and 2025, there is a higher reference base for daily costs. The main L1 chain of Ethereum always wears most of the activity, with 12.98% costs from L2 channels.
Ethereum recovers both TVL leadership and economic activity
Other data explain more $ 91 In value locked on DEFI applications. Ethereum also carries liquidity thanks to its stablecoin supply, as it remains the main network for USDT and USDC distribution. The attachment is class As a best company in Ethereum, while the company considers itself an engine of RWA tokenization.
Ethereum always faces the question of whether the locked value results in a commercial activity. Currently, there are days when Solana applications lead ranks in terms of daily costs. However, locidity liquidity also shows the confidence and liquidity of users.
During certain periods, Solana exceeded Ethereum in the daily production of costs, despite 1 / 10th of locked value. The chain was considered the most successful economic model, producing high costs based on even activity.
However, the deep liquidity of Ethereum and the stablecoin supply have proved to be attractive for whales, which evolve more value through the ecosystem compared to Solana. While the low -cost chain activity is attractive, Ethereum returns as a chain for finance.
Loan applications lead both on Ethereum and Solana
Following the best stablecoins on Ethereum and Solana, loan applications are currently booming cryptographic activity on the two channels.
Aave is the second best application on Ethereum, recently reaching a record value locked at around $ 40 billion. Aave has exceeded the performance of the previous bruise market, achieving growth without liquidation of the market. Aave daily costs are also on a historic level, with a higher reference base of more than $ 3 million per day.
On Solana, Kamino Lend expanded his locked value near a record of $ 3 billion. Kamino remains smaller, but has grown tirelessly in 2025. The loan protocol produced around 10% of the Aave fees, at around $ 300,000 per day.
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