Ethereum Shatters On-Chain Data: $135B DEX Quantity, 48M TXs, $240B TVL – What’s Driving It?

Ethereum has smashed a number of on-chain information in August 2025, exhibiting a resurgence of exercise throughout decentralized finance (DeFi) and institutional funding.

In accordance with on-chain information, the community recorded its strongest exercise since 2021, with decentralized trade (DEX) quantity climbing to $135 billion, complete transactions reaching 48 million, and energetic addresses hitting 15 million.

Whole worth locked (TVL) throughout Ethereum-based protocols surged to just about $240 billion, marking a brand new excessive in decentralized finance participation.

Ethereum’s complete transaction quantity rose to $320 billion in August 2025, the very best in 4 years, pushed by resurgent DeFi exercise, institutional inflows, and sharply lowered transaction charges.

Ethereum ETF Increase Pushes Holdings to $30B, 5.4% of Market Cap

The growth coincides with a surge in spot Ethereum ETF exercise in the USA.

Bloomberg ETF analyst James Seyffart reported that Ether ETFs have absorbed practically $10 billion in inflows since July, bringing complete flows since launch to $13.6 billion.

August alone is predicted to shut with $4 billion in web inflows, positioning it because the second-largest month on file for Ethereum funds. By comparability, Bitcoin ETFs have registered $622.5 million in web outflows throughout the identical interval.

Every day ETF flows present this divergence. Between August 21 and 26, spot Ether ETFs attracted practically $2 billion, dwarfing Bitcoin’s $171 million in inflows.

On one of many busiest buying and selling days, August 26, Ethereum funds introduced in $455 million in new capital, whereas Bitcoin ETFs managed simply $81 million.

BlackRock’s iShares Ethereum Belief (ETHA) dominates the sector, with $17.2 billion in web property, greater than half the market. Constancy’s FETH follows with $3.7 billion, whereas Bitwise’s ETHV has grown to $3.2 billion.

Information from SoSoValue reveals U.S.-listed Ether ETFs now maintain $30.17 billion in property, equal to five.4% of Ether’s complete market capitalization.

The move shift has been stark compared with Bitcoin. Over the previous 5 buying and selling days, Ethereum ETFs attracted $1.83 billion in inflows, ten occasions the $171 million absorbed by Bitcoin funds.

Analysts say this marks Ethereum’s strongest month-to-month outperformance towards Bitcoin since Ether ETFs launched in July 2024.

Ethereum Reserves Quadrupled Since April Amid ETF and Treasury Demand

Alongside ETFs, company treasuries are additionally fueling Ethereum’s provide squeeze. Information from the Strategic ETH Reserve (SER) dashboard reveals that entities and ETFs collectively now maintain 11.2 million ETH, equal to 9.3% of the circulating provide.

Of this, 6.78 million ETH sits in ETFs, whereas 4.44 million ETH is held by personal companies and institutional reserves. The online provide change over the previous week has been detrimental, with 669,500 ETH withdrawn from circulation, highlighting a tightening provide dynamic.

This focus has practically quadrupled since April, when reserves totaled round 3 million ETH.

The biggest personal accumulator is Bitmine Immersion Tech, which now holds 1.8 million ETH value $7.75 billion after increasing its place by practically 187% over the previous month.

SharpLink Gaming ranks second with 797,700 ETH, whereas The Ether Machine and the Ethereum Basis maintain 345,400 ETH and 231,600 ETH, respectively.

The information suggests personal entities are matching the depth of ETF demand, accelerating Ethereum’s institutionalization.

This twin engine of ETF flows and treasury accumulation has translated into robust value motion.

Historical past Exhibits Ethereum’s Inexperienced Augusts Result in Explosive This fall Features

Ethereum’s efficiency in August has traditionally carried robust implications for the months forward, and this 12 months is not any exception. Information from CoinGlass reveals that when Ether closes August within the inexperienced, subsequent months have delivered common beneficial properties of round 60%.

The sample was clear in 2017, when a 92.9% August surge set the stage for an additional 91% rally into year-end throughout the ICO growth. In 2020, Ethereum rose 25.3% in August after which soared 69% by December amid DeFi’s first main wave.

Even in 2021, throughout an overheated bull market, ETH gained 35.6% in August and added one other 17.8% within the fourth quarter.

The flip aspect can be clear: purple August closes have traditionally led to year-end drawdowns averaging -14.1%. Analysts warning, nonetheless, that each bullish August has been adopted by a detrimental September, with early pullbacks averaging 17% earlier than robust This fall rebounds.

Institutional flows look like reinforcing the cycle this time round. Blockchain agency Arkham reported that 9 wallets buying $456.8 million in ETH this week, with an extra $164 million in purchases tracked by FalconX and Galaxy Digital.

Lengthy-term Bitcoin holders are additionally rotating into Ether. One 2013-era pockets moved $83 million to Binance, whereas one other whale, holding over $5 billion in BTC, has been steadily shopping for billions in ETH by Hyperliquid.

Arkham confirmed that 4 whale addresses scooped up one other $357 million value of ETH between August 27 and 28 alone.

Technical analysts see hanging similarities between ETH’s present market construction and its 2020–21 breakout. After consolidating for months between $1,000 and $2,000, Ether broke above $2,500 and is now testing increased ranges close to $4,800–$5,000.

This resistance zone, corresponding with its earlier all-time excessive, has triggered a rejection, elevating the opportunity of a pullback to $3,600–$3,800 earlier than any sustainable breakout. If the 2021 fractal repeats, ETH may very well be getting ready for a parabolic run towards $6,000–$8,000.

Ethereum is at present buying and selling at $4,332, down 4.1% up to now 24 hours and 6.1% on the week. Regardless of being 11% under its new all-time excessive of $4,946 set on August 24, the token stays up 16.6% over the previous month and greater than 73% within the final three months.

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