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Ethereum network value expands despite price weakness; key is institutional buying

Ethereum is seeing slower trading and weaker prices, but network activity and ecosystem deposits have risen. Daily transactions and active wallets held up in the first half of 2026, while total value locked was estimated to have climbed more than 22 percent from the previous quarter. Tokenised assets and RWA token trading increased. Prices fell in the first and second quarters, open interest declined and whale transfers dropped.