Ethereum Establishes Itself as a Digital Financial Infrastructure, Surpassing 15 Trillion Yen in DeFi TVL by 2025

On July 6th, Ethereum (ETH) reflected on its achievements in 2025, the year it celebrated its 10th anniversary, summarizing that it has established itself as a secure foundation for an expanding digital civilization. The Ethereum network achieved milestones across multiple domains including decentralized finance (DeFi), institutional adoption, technological development, and decentralized autonomous organization (DAO) foundations. Transaction costs on Layer 1 (L1) reached their lowest levels in the past five years, and further reductions were seen on Layer 2 (L2) networks, where costs dropped to less than $0.01. The total value locked (TVL) in decentralized finance (DeFi) exceeded $99 billion (approximately 15.5 trillion yen), making it significantly larger than the next biggest Layer 1...