Ethereum's DeFi TVL share fell from 63.5% to 53% between January 2025 and May 2026. Defillama data shows Ethereum holds around $45B TVL, with Solana and BNB Chain gaining ground. Layer-2 chains like Base (5.31% TVL share) are reshaping Ethereum's multichain footprint.
The wallet, identified by its address 0xCD59, participated in the Ethereum ICO in 2015, when ether was distributed at approximately $0.31 per ETH. The 10,000 ETH acquired for $3,100 is now worth $22.88 million, a 7,381x return over nearly 11 years.
Ethereum doesn't have a scaling problem; it has a fragmentation problem. Every new L2 is a silo that makes it harder to seamlessly extend and drive value back to the Ethereum mainnet.
Denmark-based Danske Bank will now allow customers to invest in cryptocurrency-linked products tied to Bitcoin, marking a shift for Denmark's largest lender after years of resistance to the asset class. The bank said customers using Danske eBanking and Danske Mobile Banking can now gain exposure through exchange traded products, or ETPs, that track the performance of Bitcoin or Ethereum. The offering includes three products at launch, with two linked to Bitcoin and one linked to Ethereum.
UBS Group AG is preparing to offer bitcoin trading to a select group of private banking clients in Switzerland. According to a Bloomberg report citing people familiar with the matter, the Swiss banking giant has been in discussions for several months about launching a cryptocurrency trading offering and is currently in the process of selecting external partners. The service would initially be limited to a small subset of Swiss private banking clients, with a broader rollout possible at a later stage.
Fortunately for decentralised blockchain and development platform Ethereum, it is very much in the "make" column as traditional finance starts to gravitate towards cryptocurrency platforms. Recent purchases of Ethereum exchange-traded funds (ETFs) by some of the world's biggest asset managers have made others in the TradFi space stand up and take notice. The net result is positively reflected in the Ethereum to USD price.