Categories: Bitcoin

Recap of Ethereum’s Recent Major Wins, Launches, and Adoption Surges

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

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Ethereum recently outlined key developments that showcased its rapid adoption across finance, technology, and culture as the network celebrated its 10th anniversary.

This article is updated as of first week of August. Recent updates might not be reflected in the article.

Ethereum’s 24 Achievements

In a recent X post, Ethereum highlighted 24 launches, upgrades, and milestones the ecosystem achieved in recent weeks.

Ethereum is a major L1 blockchain known for enabling developers to create secure, programmable applications through smart contracts and decentralized apps (dApps). Other L1 networks include Bitcoin, Solana, Cardano, and TRON.

Serving as a foundation for innovations like decentralized finance (DeFi) and NFTs, Ethereum operates on a proof-of-stake consensus, emphasizing scalability, security, and decentralization beyond simple digital payments. Its native cryptocurrency, ether (ETH), is the second largest crypto in terms of market cap, next to BTC.

Robinhood on Arbitrum

According to Ethereum, the integration connected Robinhood’s more than 25 million retail users to Ethereum-powered financial services.

In June 2025, Robinhood announced plans to develop its own blockchain network based on Arbitrum.

The blockchain was designed to support 24/7 trading, self-custody, and cross-chain bridging of tokenized assets.

In an Arbitrum X post, Robinhood went on-chain with Arbitrum to launch tokenized stocks for European customers, issuing more than 200 U.S. stock and ETF tokens on optimistic rollup solution Arbitrum One.

The collaboration marked the start of plans to develop a Robinhood L2 blockchain using the Orbit stack, aimed at merging decentralized and traditional finance while onboarding millions of new users into crypto.

Arbitrum is an L2 scaling solution for the Ethereum blockchain designed to improve transaction speed and reduce fees.

Base Pay & Base App launch

In July 2025, crypto exchange Coinbase rebranded its non-custodial wallet, Coinbase Wallet, as the Base App, an “everything app” combining social networking, trading, payments, and mini-apps, all powered by its own product, Ethereum L2 Base.

The platform, now in beta, introduces features like tokenized posts, real-time trade tracking, one-tap USDC payments, and a built-in smart wallet, aiming to make onchain activity as simple as using a single app.

Worth Reading: Coinbase Rebrands Wallet to ‘Base App’

Stablecoin milestone

In July 2025, the supply of Ethereum-based stablecoins surpassed $140 billion, nearly doubling since January 2024, according to on-chain data.

The growth, which now accounts for over 60% of Ethereum’s daily on-chain activity, is likely driven by institutional adoption, regulatory clarity, and post-merge efficiency gains.

Ethereum Turns 10

Ethereum marked its 10th anniversary on July 30, 2025, at block 23,032,825, with more than 140 events held across six continents and a livestream hosted by the Ethereum Foundation, an organization that supports the expansion of the network, to usher in the next decade.

Locally, web3 community Ethereum Philippines marked the blockchain’s 10th anniversary with back-to-back community events in Cebu and Davao, bringing together developers, builders, and tech advocates.
The celebrations, which featured livestreams, games, and discussions on Ethereum’s legacy and future, also highlighted ongoing local participation in hackathons and long-term upskilling programs aimed at strengthening the country’s role in the global web3 ecosystem.

Tornado Cash Co-Founder Trial

A federal judge in the criminal trial of Tornado Cash co-founder Roman Storm allowed testimony claiming he could have modified the platform to deter criminal use.

Storm is facing charges of money laundering, operating an unlicensed money transmitter, and violating U.S. sanctions.
Prosecutors expect to finish presenting their case before August ends, after which the defense will begin.

“Privacy is normal, and writing code is not a crime.”

Ethereum

In a report, it was noted that the Ethereum Foundation pledged $1 million to support Tornado Cash developer Roman Storm’s legal defense following his partial conviction for running an unlicensed money transmitting business.

The foundation will match up to $500,000 in donations, with co-executive director Hsiao-Wei Wang committing to match another $500,000.

Consensys’ “The Industrialization of Trust” Report

Ethereum cited Consensys’ “The Industrialization of Trust” report, which describes the blockchain as foundational infrastructure for global-scale applications requiring programmable, verifiable trust, which the Ethereum-supporting blockchain firm referred to as “Trustware.”

Electric Capital’s “Beyond Stablecoins” Report

Ethereum also cited Electric Capital’s report, “Beyond Stablecoins: The Case for Ethereum,” which targets institutional decision-makers and positions ETH as a globally significant asset.

In her thread, Electric Capital General Partner Maria Shen said Ethereum’s decade-built decentralization, vast developer ecosystem, and role in powering the world’s largest on-chain economy position ETH as the reserve asset of the digital dollar system, directly benefiting from stablecoin growth.

Focus Tree

According to Starknet data, Focus Tree now attracts roughly 90,000 daily active users. This was echoed by Ethereum, demonstrating the Ethereum-layer scalability powering real-world utility.

“A sign of what’s possible when Ethereum scalability meets real-world utility. Ethereum is for apps.”

Ethereum

In April, Focus Tree announced the launch of its self-custodial Focus Tree Wallet powered by Starknet, featuring zero gas fees, an MPC-based seed phrase recovery system, and integration with ArgentHQ.

The wallet, which deploys automatically on first use, now mints users’ focus tiles on-chain for trading and interaction with decentralized games, with new rarity levels introduced and upcoming partnerships offering token rewards through focus challenges.

Boundless Mainnet Beta

Boundless, a universal ZK protocol, launched its Mainnet Beta, introducing a permissionless zero-knowledge execution layer for Ethereum and initiating “The Signal,” aimed at advancing cross-chain interoperability.

Recently, Wormhole and Boundless launched a custom verifier using Boundless’s Ethereum consensus ZK client to prove Ethereum finality for Wormhole’s Native Token Transfers, enabling optional two-of-two security with both ZK proofs and Wormhole Guardian signatures.

Google Cloud Integrates with Self

Google Cloud partnered with ZK-powered identity protocol Self to integrate proof-of-humanity zero-knowledge proofs into its web3 developer ecosystem, enabling privacy-preserving identity for AI and web3 applications.

The collaboration includes integrating Self’s technology with Google Cloud’s Testnet and Mainnet Faucets for sybil resistance and sanctions screening, as well as exploring AI search tool integration in its Web3 Portal.

TEchnically, Self uses zk-SNARK proofs to let users verify identity and attributes privately, with attestations anchored on Ethereum through the Ceramic protocol.

Fidelity Analysis

Fidelity Investments, an asset manager with $5.9 trillion in assets under management, released a report framing Ethereum as a digital economy and ETH as its native money.

The report compares Ethereum’s network growth to that of a sovereign nation, using a classic economic framework, consumption, investment, government spending, and net exports, to measure blockchain activity.

Talos Launch

Talos, an AI agent designed to autonomously manage treasury decisions, has launched on Arbitrum.

Talos enables self-directed capital deployment, adaptive strategies, and governance through council-approved proposals.
Built for interoperability across Ethereum and Arbitrum, Talos claims to evolve into a fully self-improving, verifiable AI system managing onchain assets.

Privacy Pools ATH

Privacy Pools, which lets users pay anonymously with debit or credit cards, reached an all-time high of about 300 ETH locked, underscoring growing demand for privacy layers on Ethereum.

Ether Machine Launch

The Ether Machine launched with $1.5 billion reserved for institutional yield strategies, and plans to finalize its SPAC merger by Q4 2025.

In July 2025, The Ether Machine announced plans to go public via a merger with Dynamix Corporation, launching with over 400,000 ETH to become the largest public vehicle for institutional Ethereum yield and infrastructure.
The deal, backed by $645 million from co-founder Andrew Keys and $800M from top investors, is expected to close in Q4 2025 with trading on NASDAQ under “ETHM.”

Bit Digital Treasury Shift

Bit Digital shifted its entire $173 million corporate treasury from Bitcoin to Ethereum, acquiring over 100,000 ETH from its earning by selling its full ~379 BTC holding.

CEO Sam Tabar cited Ethereum’s programmable blockchain and staking model as key reasons for the move, positioning the Nasdaq-listed firm as one of the largest public ETH holders.

BitMine ETH Accumulation

Earlier this month, BitMine Immersion became the world’s largest corporate Ethereum holder, amassing 833,137 ETH worth $2.9 billion in just 35 days, surpassing all publicly traded peers.

The aggressive accumulation strategy, averaging nearly 24,000 ETH per day, now accounts for about 0.7% of ETH’s circulating supply and aims for a 5% stake, with institutional investors like ARK Invest and Peter Thiel-linked entities backing the move.

eToro Tokenized Assets as ERC-20

Trading and investing platform eToro announced plans to tokenize its 100 most popular U.S. stocks and ETFs as ERC-20 tokens on its Ethereum-powered DLT platform, enabling 24/5 trading, self-custody, and DeFi integration, in a move to expand real-world asset accessibility onchain.

EigenLayer Redistribution

Last month, EigenLayer launched Redistribution on mainnet, allowing slashed funds to be repurposed instead of burned. The launch unlocked new use cases like lending, insurance, and cross-chain guarantees while enhancing Ethereum’s shared security.

EigenLayer has proposed a ‘redistribution’ feature to repurpose slashed funds, which remains under audit and has not yet gone live on mainnet.

Paypal Crypto Payments

Ethereum highlighted that PayPal enabled merchants will now accept cryptocurrency payments, including ETH, with instant conversion to its PYUSD stablecoin.

“Built on Ethereum” Documentary

Ethereum also put the spotlight on “Built on Ethereum,” a documentary showcasing projects and innovations from Ethereum’s first decade. The project was released last month.

Created by content production engine MetaMedia with support from Juicebox Protocol and Public Nouns, the film celebrates the builders who have shaped the Ethereum ecosystem.
Watch it here: https://www.youtube.com/watch?v=9S5jdltMa-E

MorphoLabs $2 Billion Deposits

Ethereum highlighted that decentralized finance lending platform Morpho has reached $2 billion in deposits on base, marking the largest DeFi deployment on any Ethereum L2.

Nerite Launch on Arbitrum

Nerite Protocol, a Liquity V2 fork, went live in early August on Arbitrum One, debuting the USND stablecoin,

This means that users can now borrow against multiple crypto assets, stream payments, and earn yields through Stability Pools, with launch incentives offering $25,000 USDC over two weeks to boost liquidity.

Ethereum NYC Event

As Ethereum celebrated its 10th anniversary, global events hosted by ETHGlobal in over 30 cities across six continents are happening. Ethereum New York 2025 is scheduled for August 11–17, supported by a strong lineup of partners and sponsors driving the future of finance.

$726.6M Inflows Hit US Spot Ethereum ETFs

On July 16, 2025, U.S. spot Ethereum ETFs experienced a record single-day inflow of $726.74 million, driven by strong institutional demand and bullish market sentiment.