Ethereum holds Q3 gains as Tether burns $2.5B – Yet THIS catalyst remains
The post Ethereum holds Q3 gains as Tether burns $2.5B – Yet THIS catalyst remains appeared on BitcoinEthereumNews.com. H2 is becoming a key period for network upgrades. Notably, Ethereum is right at the center of that. Its biggest upgrade since the Merge has entered the final testing phase. Known as Glamsterdam and targeted for H2 2026, the upgrade focuses on improving how Ethereum works at the protocol level. It introduces parallel transaction processing and gradually raises the gas limit from 60 million toward 200 million, changes designed to boost throughput. From an on-chain perspective, the timing couldn’t be better. Following Q2’s back-to-back DeFi exploits, which wiped more than $10 million from Ethereum’s TVL in immediate outflows, the network is still working to rebuild on-chain liquidity and user activity. As the chart below shows, Aave, Ethereum’s largest lending protocol, has seen its TVL drop to around $13 billion from nearly $35 billion in early Q1. Source: DeFiLlama Ag