Ethereum Achieves Second Place in Daily Blockchain Revenue

On October 12, 2025, Ethereum network generated $9.89 million in 24-hour revenue, ranking second after Tether’s $22.8 million, surpassing Circle’s $7.83 million.

This revenue positioning highlights Ethereum’s economic resilience and solidifies Tether and Circle’s roles as key players in the stablecoin and DeFi markets.

Ethereum Surpasses Circle with $9.89 Million Revenue

The latest on-chain data revealed that Ethereum generated $9.89 million in 24-hour revenue, surpassing Circle, which posted $7.83 million. Tether maintained its lead with $22.8 million. Ethereum’s performance underscores its position as a leading blockchain network in terms of revenue.

This shift sees Ethereum expanding its market presence, showing its strength in facilitating economic activity across decentralized finance (DeFi). The increasing revenue from gas fees highlights sustained network utilization and scalability.

Market observers noted Ethereum’s advance as a sign of increased institutional and retail participation. Despite no major statements from Vitalik Buterin or other leading figures, the data marks a step forward in blockchain-based economic engagement.

Historical Context and Recent Market Performance

Did you know? In recent history, Ethereum’s revenue spikes correlate with periods of high network demand, such as post-FTX and Terra’s collapse, highlighting its centrality in global blockchain ecosystems.

Based on CoinMarketCap data, Ethereum (ETH) currently trades at $4,156.55 with a market cap of approximately $501.71 billion, dominating 12.81% of the market. The recent 24-hour trading volume reached $59.35 billion, a decrease of 40.51%. ETH’s price grew 12.68% over the past 24 hours but decreased by 7.73% in the past week.

Coincu’s research team suggests that Ethereum’s growing network revenue reflects broader adoption trends and potential regulatory shifts in stablecoin markets. The historical resilience of its blockchain in facilitating DeFi and stablecoins may drive further technological developments and financial integrations globally.