Ether Posts Strong Monthly Gains Amid ETF Inflows, Though Network Activity Shows Limited Growth

Key Points

1. Ether's 56% gain in July 2025 was fueled by a 19-day streak of ETF inflows totaling over $5.37 billion and institutional demand.

2. BlackRock’s iShares Ethereum ETF became the third-fastest ETF to surpass $10 billion in assets under management within 251 days.

3. Despite the price rally, Ethereum’s network activity and revenue growth were modest, with only a 3% rise in revenue and a 5% increase in network activity in the past six months.

4. Ethereum’s current annual revenue stands at approximately $764 million, less than half of its previous yield during the November 2021 peak.

5. The price surge reflects strong institutional demand and ETF inflows but raises questions about sustainability without corresponding network fundamentals.