Ethereum Continues To Dominate The Most Important Onchain Sectors
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Despite ETH falling nearly 30% this year, Ethereum still controls the largest share of the crypto economy across several critical sectors. The network currently secures roughly $43 billion in DeFi liquidity, hosts more than $165 billion in stablecoins, and dominates tokenized real world assets with over half of the market share across public blockchains.From a financial perspective, this matters because Ethereum continues functioning as the primary settlement layer for some of the fastest growing narratives in digital finance. Tokenized ETFs alone now exceed $400 million in market capitalization, with Ethereum capturing nearly 77% of that market. While price performance has weakened short term, the underlying network fundamentals continue suggesting that institutional and infrastructure level demand for Ethereum remains structurally strong.
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the disconnect between weak price performance and strong network dominance suggests the market is currently prioritizing sentiment and macro conditions over infrastructure fundamentals
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eth down thirty percent but still carrying half the crypto economy on its back somehow