Ethereum

SoSoValue

USDC

Polygon

Spot

<ul>
 <li>Circle has placed ten billion USDC on Ethereum Layer 2 networks since including Arbitrum, Base, and Polygon networks.</li>
 <li>Spot Ethereum ETFs recorded inflows eight trading days, adding twenty-five million dollars from June 1st through June 6th.</li>
</ul>
Circle’s IPO spotlights Ethereum’s role in DeFi and stablecoin infrastructure. Investors focus on USDC and regulatory clarity. However, Ethereum stands out as the network that hosts half of USDC’s supply.
Ethereum anchors USDC circulation. The network holds $36.7 billion in USDC on its mainnet. This share exceeds fifty percent of the stablecoin’s total. Therefore, DeFi projects rely on Ethereum for deep liquidity pools and smart contracts.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/06/Ethereum-is-at-the-center-of-the-stablecoin.png" alt="Ethereum-is-at-the-center-of-the-stablecoin" width="1536" height="548">
 <figcaption>
 Source: DeFiLlama
 </figcaption>
</figure>
Moreover, Circle has moved $10 billion of USDC onto <a href="https://www.ethnews.com/base-launches-major-scalability-upgrade-is-it-the-next-big-thing-in-ethereum-layer-2s/" rel="noopener noreferrer nofollow">Ethereum Layer 2 networks</a>. These include Arbitrum, Base, and Polygon. As a result, congestion on the mainnet falls and transactions run faster. Consequently, Ethereum remains central even as adoption spreads.
<h2 id="span-style-font-weight-400-etf-flows-reinforce-institutional-trust-in-ethereum-span">ETF flows reinforce institutional trust in Ethereum</h2>
Spot ETH ETFs have <a href="https://www.ethnews.com/blackrock-vs-grayscale-ethereum-etf-showdown-heats-up-amid-3-3b-inflow-surge/" rel="noopener noreferrer nofollow">posted net inflows</a> on eight of the last ten trading days. From June 1 to June 6, funds added $25.2 million. Meanwhile, assets under management stood at $9.4 billion as prices dipped under $2,500.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/06/SoSoValue-spot-ETH-ETFs.jpg" alt="SoSoValue-spot-ETH-ETFs" width="1732" height="443">
 <figcaption>
 Source: SoSoValue
 </figcaption>
</figure>
By contrast, Bitcoin ETFs have faced outflows. Since May 22, Bitcoin funds lost over \$1.4 billion. In the same period, <a href="https://www.ethnews.com/ethereum-etfs-report-mixed-performance-amid-6-4-million-daily-inflows/" rel="noopener noreferrer nofollow">Ethereum ETFs</a> saw $579 million in inflows. This trend suggests that institutions may prefer Ethereum’s growth potential.
<h3 id="span-style-font-weight-400-on-chain-data-confirms-growing-interest-span">On-chain data confirms growing interest</h3>
Ethereum bridges led 24-hour net flows. Also, Ethereum’s stablecoin supply saw the largest rise. These metrics point to robust base-layer use. Even as Layer 2s expand, they reinforce demand on Ethereum’s main network.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/06/ETHUSDT_2025-06-09_10-33-37.png" alt="ETHUSDT_2025-06-09_10-33-37" width="1825" height="820">
 <figcaption>
 Source: ETH/Tradingview
 </figcaption>
</figure>
2025, Ethereum (ETH) is trading at $2,534.20 USD, posting a modest daily gain of +0.94%. Over the past month, ETH has climbed +7.97%, but it remains in negative territory year-to-date with a −23.99% loss, and a six-month decline of −30.27%. This reflects a market still recovering from earlier macro-driven selloffs, although recent price action shows signs of stabilization.
Technically, ETH is moving within a rising wedge pattern, a structure often viewed as a potential bearish reversal. It is facing notable resistance near $2,600, and recent rejection from that level suggests sellers are active. 
Support lies around $2,200, which could become a key area to watch if bearish momentum resumes. Indicators remain neutral, showing no strong bias in either direction at the moment.
The post <a href="https://www.ethnews.com/ethereum-layer-2s-boost-usdc-scalability-on-arbitrum-base-and-polygon/" rel="noopener noreferrer nofollow">Ethereum Layer 2s boost USDC scalability on Arbitrum, Base, and Polygon</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Ethereum Layer 2s boost USDC scalability on Arbitrum, Base, and Polygon

Table of Contents

ETHNews

Other articles published on Jun 9, 2025

Join our free newsletter for daily crypto updates!