In 2025, Ethereum is experiencing a revival in decentralized finance (DeFi), driven by automated bots that facilitated a record $480 billion in stablecoin transfers within the Ethereum mainnet during May. This activity surge is attributed to lower transaction fees in early 2025, reversing a trend of liquidity migration to rival blockchains. Consequently, Ethereum's stablecoin market capitalization has risen by 11%, while layer-2 solutions only saw a slight decrease of 1%. Bots are being recognized for enhancing market efficiency and liquidity on decentralized exchanges, where stablecoin swaps accounted for 37% of total trading volume in April and 32% in May. Analyst Illia Otychenko emphasizes that the focus on stablecoins signals significant potential for real-world adoption, especially in emerging markets. However, he warns that maintaining this momentum requires addressing challenges such as liquidity fragmentation across various layers of the network. Without tackling these issues, Ethereum risks falling behind in future adoption phases.

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