The Arbitrum Foundation released its 2025 Transparency Report, highlighting the accelerated on-chain adoption of traditional finance in 2025 and propelling the ecosystem into the institutional adoption phase. The report shows that 189 ecosystem collaborations were approved throughout the year, covering DeFi, infrastructure, and consumer applications. The report indicates that Arbitrum is evolving from an L2 solution into a comprehensive blockchain platform with a sustainable economic model: Regarding institutional adoption, Robinhood has launched tokenized stocks and ETFs on Arbitrum, expanding to nearly 2,000 assets within six months; institutions including Franklin Templeton and WisdomTree have also increased their investment, driving a sevenfold year-on-year increase in on-chain RWA size, exceeding $800 million. In terms of network data, Arbitrum has accumulated over 2.1 billion transactions, with a total locked value of approximately $20 billion, stablecoin supply increasing by 80% year-on-year, peaking at nearly $10 billion, and the number of ecosystem projects exceeding 1,000. Furthermore, the Arbitrum blockchain ecosystem continues to expand, with over 100 chains already launched or under development. In terms of infrastructure and governance, Arbitrum is advancing ArbOS upgrades, the BoLD verification mechanism, and the Stylus development environment, and expanding DAO revenue streams through mechanisms such as Timeboost. Timeboost generated over $6 million in revenue for the DAO in its first year.