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The mixing protocol funds surge in 2025: ETH inflows exceed 690,000 coins, reaching a scale of $2.5 billion
【Blockchain Rhythm】Since the beginning of 2025, the funds attracted by the mixing protocol have continued to expand. According to on-chain data, during this year alone, the protocol’s business addresses received over 690,000 ETH. At the current price, this amounts to a total value of approximately $2.5 billion.
More notably, the net inflow situation— in 2025, the protocol achieved a net inflow of $1.4 billion, indicating a continuous influx of funds. Regarding the source of funds, ETH dominates absolutely, becoming the primary inflow asset. This highly concentrated fund structure reflects the main preferences of market participants.
From on-chain activity, mixing services remain a key focus for Web3 users. Whether for privacy protection or asset management needs, the activity level of these protocols continues to rise, making them an integral part of the DeFi ecosystem that cannot be ignored.