Hey there, crypto enthusiasts! If you’ve been keeping an eye on Ethereum (ETH), you’re in for a treat. Michael Nadeau from The DeFi Report recently dropped a bombshell with the release of The ETH Report Q2 2025, a 65-page deep dive into Ethereum’s performance. Powered by Bit Digital (NASDAQ: BTBT), this report cuts through the noise with standardized data and no hype—just the facts you need as an ETH holder. Let’s break it down!

What’s Inside The ETH Report?

Imagine having all the Ethereum data you need in one place, free from the usual crypto hype. That’s what The ETH Report delivers. It covers everything from revenue and yields to core key performance indicators (KPIs) and quarter-to-quarter trends. Whether you’re a seasoned investor or just dipping your toes into DeFi, this report is designed with you in mind.

The report highlights the impact of the Pectra Upgrade, rolled out on May 7, 2025. This upgrade improved user experience but came with a trade-off: a 53% drop in Real Economic Value and a 28% fall in Real Onchain Yield. Don’t worry, though—the Total Onchain Yield only dipped 5% thanks to a heavy reliance on issuance (88% of the total yield in Q2). It’s a mixed bag, but the data tells the story clearly.

Layer 2 Adoption Takes Center Stage

One of the standout findings is the rise of Layer 2 (L2) solutions. These are like turbochargers for Ethereum, making transactions faster and cheaper while keeping the network secure. In Q2, L2s dominated usage, with transaction counts jumping 13% to 7.5 times more than Ethereum’s Layer 1 (L1). Active users on L2s are now five times higher than on L1, and the average user transaction fee dropped a whopping 49% to just $0.014 per transaction. Check out this visual:

The report also shows L2s handling 5.7 times more smart contracts with over 500 unique interactions daily compared to L1. Chains like Base, Optimism, and Arbitrum are leading the charge, proving that Ethereum’s scalability is no longer just a promise—it’s happening now.

Ethereum as a Store of Value

Despite the reduced monetization from upgrades, Ethereum is solidifying its role as a store of value (SoV). ETH held in Exchange-Traded Funds (ETFs) rose 20% in Q2, now making up 3.4% of the total supply. Treasury holdings surged to 1.3 million ETH, while the amount on centralized exchanges (CEXs) hit its lowest level since 2016, down 7%. Plus, staked ETH increased by 4%. This suggests more people are holding ETH long-term rather than trading it, which could drive value up over time.

Why This Matters to You

If you’re into crypto, especially Ethereum, this report is a goldmine. It’s 100% data-driven, covering revenue, yield, token economics, chain efficiency, and more. Want to know the fair value of ETH or how it correlates with other assets? It’s all there. You can download the full report and explore 10 unique dashboards to dig deeper. Plus, don’t miss the Q2 “Earnings Call” tomorrow, July 16, 2025, at 11 AM EST with BanklessHQ—mark your calendar!

Final Thoughts

The ETH Report Q2 2025 is a game-changer for anyone serious about Ethereum. It strips away the hype and gives you the raw data to make informed decisions. Whether you’re staking ETH, exploring DeFi, or just hodling, this report helps you stay ahead. Head over to meme-insider.com for more blockchain insights and join the conversation on X. What do you think about Ethereum’s future after reading this? Drop your thoughts below!