$Coinbase Global, Inc.(COIN)$ $Amplify Transformational Data Sharing ETF(BLOK)$ $PayPal(PYPL)$ 🔥 Ethereum’s heating up,  are you watching this tidal wave build?

🔥🔥🚨 Ethereum’s DeFi engine is revving up, USDG transfer volume on the network hit a staggering $224M in Feb ‘25, a clear sign of accelerating activity.

This isn’t just a one off, it’s a signal of deeper momentum in decentralised finance, with Ethereum solidifying its role as the backbone of this ecosystem.

The surge in stablecoin movement points to heightened trading, lending, and liquidity provision, core pillars of DeFi that could ripple through the market.

This kind of activity doesn’t happen in isolation. Here are three publicly traded companies likely to feel the impact:

Coinbase Global (COIN): As the largest US crypto exchange, Coinbase thrives on Ethereum’s network activity. A chunk of its revenue comes from trading fees on Ethereum based assets, and its staking programme, tied to ETH’s proof of stake system, generated $154.8M in Q3 2024 alone. More DeFi action means more transactions, which could boost Coinbase’s bottom line.

PayPal Holdings (PYPL): PayPal’s Venmo app supports Ethereum trading, and its own stablecoin, PayPal USD (PYUSD), operates on the Ethereum blockchain. Rising DeFi activity could enhance PYUSD’s utility and adoption, potentially strengthening PayPal’s position in the crypto payments space.

Block (SQ): Block, formerly Square, has been integrating crypto into its Cash App, which supports Ethereum transactions. With a focus on financial inclusion and a reported $2.1B in Bitcoin revenue in Q3 2024, noting Ethereum is also part of its crypto portfolio, Block could see increased user activity as DeFi grows, driving more transaction volume through its platform.

The data speaks volumes, Ethereum’s infrastructure is fuelling a DeFi resurgence. Are you tracking how this could shift the market?

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