Bitwise research shows Ethereum fundamentals remain strong despite its longest price decline since 2022, with Q2 2026 wallet activity up 13x YoY, DeFi TVL up 60%, and stablecoin AUM doubled.
Macro & Markets ·
Bitwise research indicates Ethereum's fundamentals strengthened in Q2 2026 despite the network experiencing its longest price decline since 2022, with wallet activity rising 13 times year-over-year, DeFi total value locked increasing over 60%, and stablecoin assets under management doubling relative to 2022 bear market lows.