Ethereum's DeFi Surges, EAG Launches for User-Centric Development
Ethereum's DeFi space sees a significant surge, with Total Value Locked (TVL) fluctuating between 50 to 60 billion USD daily, and an average transaction volume of 1.2 million. By October 2025, Ethereum's market cap soars to around 500 billion USD, with its native token, ethereum price, trading at approximately 4,180 USD. Meanwhile, the Ethereum Applications Guild (EAG) launches, aiming to drive user-centric development and adoption.
The EAG, initiated by HashKey Group Chairman Xiao Feng and Ethereum co-founder Vitalik Buterin, aims to create an open, transparent, and sustainable cooperative framework for native Ethereum applications. It is not a foundation or accelerator, but an incubation center based on the 2023 Shanghaiwu project. The EAG seeks to compete with other blockchain ecosystems, potentially influencing developer participation and adoption.
As of October 2, 2025, the EAG is in the initial consensus phase, with community structures and governance forms being established. The EAG's focus on user-centric development aims to accelerate adoption in sectors like DeFi, NFTs, DAOs, and gaming. However, no public information is available yet on which international companies and research institutions have joined the guild.
The Ethereum Applications Guild's launch signals a shift towards user-centric development, with the potential to drive significant growth and adoption in various sectors. With the backing of influential figures like Xiao Feng and Vitalik Buterin, the EAG seeks to establish a sustainable cooperative framework, fostering innovation and competition in the blockchain space.
