Kaiko Ranks Ethereum #1 Blockchain

Kaiko's Q2 2025 Blockchain Ecosystem Ranking places Ethereum first, citing strengths in governance, integrations, liquidity, operational efficiency and security, supported by $7B in RWA TVL and broad DeFi integration. Arbitrum ranked second, with its operational efficiency and robust integrations highlighted. Separately, BitMine Immersion Technologies bought 190,500 ETH, bringing its treasury to 1.71 million ETH worth over $7.5 billion, and Chainlink partnered with SBI Group to accelerate tokenized asset adoption.