Ethereum is strengthening from both price and fundamentals dimensions, further consolidating its position as the core infrastructure for on-chain finance. As ETH prices gradually recover, the network’s real usage and capital activity are also rising in tandem. The stablecoin settlement volume hit a record high at the beginning of the year, demonstrating strong network stickiness and financial carrying capacity.

On-chain data shows that stablecoin transfer volume on Ethereum has surged significantly, reflecting ongoing market demand for blockchain settlement, trading, and decentralized finance (DeFi). Ethereum researcher Joseph Young pointed out that in Q4 2025 alone, the Ethereum network completed over trillion dollars in stablecoin settlements. This scale not only represents large-scale real fund flows but also significantly exceeds Visa’s average quarterly payment volume of around @E5@ trillion dollars, highlighting Ethereum’s structural advantages in digital settlement layers.