What Big Companies Are Building on Ethereum – Galaxy

Major Use Cases Gaining Traction

More than 50 mainstream companies outside the crypto industry have developed products or services leveraging Ethereum or its Layer 2 networks. These firms span a variety of sectors—from fashion giants like Louis Vuitton and Adidas to major financial players including Deutsche Bank and PayPal. Importantly, the focus here is not on general crypto market infrastructure such as trading platforms, custodians, or compliance tools. Instead, these initiatives center on Ethereum-native use cases like NFTs, real-world assets (RWAs), Web3 development tools, and Layer 2 solutions. Of the 20 financial institutions identified as actively building on Ethereum, half are banks—most of which are exploring or issuing RWAs. This report aims to spotlight the most notable early use cases driving institutional and enterprise adoption of Ethereum.

READ report | Galaxy Research