Ethereum dominance in 2025: stablecoin market cap +50% and RWAs +226%

On January 1, 2025, ETH was $3,362; by December 22, it was $3,045, while DeFi TVL on Ethereum rose from $65 billion to $70 billion. The author highlights strong on-chain growth: stablecoin market caps on Ethereum expanded from $111.8 billion to $166.9 billion, and tokenized real-world assets increased from $4.12 billion to $12.3 billion.