📣 New State of the Network: Q2 2025 Crypto Market Wrap-Up
In @coinmetrics' latest State of the Network report, @TanayVed provides a data-driven review of Q2 2025, highlighting the trends, technologies, and macro shifts reshaping digital asset markets.
Read the full report (Linked in replies)
Key takeaways:
- Crypto markets rebounded sharply from Q1 volatility, with $BTC (+31%), $ETH (+37%), and $SOL (+22%) leading a $3.3T recovery. @Robinhood (+116%) and @coinbase(+100%) outperformed as investor interest shifted to crypto infrastructure equities.
- Stablecoins took center stage, with @Circle’s IPO and the GENIUS Act drawing global attention. Combined $USDT and $USDC reserves in U.S. Treasuries exceeded $135B, while stablecoin volumes consistently topped $2T per month.
- Ethereum’s Pectra upgrade improved both staking efficiency and Layer-2 scaling. Staked $ETH rose to 35.5M (29.4% of supply), while blob capacity doubled—lowering costs for rollups and fueling L2 activity.
- Exchanges and institutions came on-chain. Robinhood unveiled its rollup-based tokenized equities initiative, joining Coinbase and @krakenfx in adopting Layer-2 infrastructure. Institutional finance is also gaining traction on permissioned networks like @CantonNetwork.
Explore how regulatory momentum, technical upgrades, and financial convergence are shaping the next phase of the crypto economy in this quarter’s full report. (Link in replies)



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