Here’s Why Ethereum Is Gaining Recognition As The Core Settlement Layer For On-Chain Finance

Ethereum’s on-chain role is strengthening as stablecoin activity on the network has surged, reinforcing its position as a core settlement layer for large-value on-chain transfers. Everstake data cited in the article shows stablecoin transfer volumes up 119.3% year-to-date, consistently ranging between $500 billion and $900 billion with peak days near $1 trillion — metrics that support a structural narrative for settlement activity. Price-wise, ETH is testing its Realized Price (~$2,340), a key technical level that could flip to support and trigger broader upside. Short-term weakness shows ETH near $2,314 (down ~2% in 24h) with trading volume off >12%, but the on-chain flow strength underpins a bullish medium-term outlook.