Ethereum demonstrated strong growth across multiple key metrics in Q4 2024, reinforcing its dominance as the leading smart contract platform. Total value locked (TVL) surged 121.6% YoY, reaching $66.3 billion, with Ethereum outperforming most Layer-2s in TVL growth. Institutional adoption accelerated significantly, with ETH ETF holdings rising 63.6% QoQ to 3.6 million ETH ($11.9 billion AUM), and new proposals to integrate staking into ETFs hinting at potentially increased institutional ETH demand in 2025.