Ethereum Turns 11: Stablecoin Dominance and Revenue Decline

Ethereum is celebrating its 11th anniversary, having survived several challenges in its first decade. The network has become a leading platform for stablecoins, decentralized finance (DeFi), and tokenized assets.

As of now, Ethereum hosts around $148.8 billion in stablecoins and roughly $15.5 billion in tokenized real-world assets. However, the daily mainnet revenue has fallen to $330,000.

The network's scale metric shows that the base chain itself generated roughly $734,000 in fees and $330,000 in revenue over a 24-hour window.