Ethereum has achieved a new record for daily gas usage, confirming increased network activity and renewed interest from participants.
Overall Network Activity Growth
Ethereum has reached a historical high with 162 billion units consumed in one day, highlighting increased activity and demand across its ecosystem.
Increase in Transactions and Addresses
According to CryptoRank data, the number of active addresses on the Ethereum network exceeded 500,000 for two consecutive days, a feat not seen since March 2024. Weekly transactions hit 10.3 million, the highest figure since May 2021.
Key Growth Factors
Among the factors driving this growth are:
* Anticipation of further ETH ETF developments * DeFi 2.0 innovations * Maturity of the L2 ecosystem * Growth in staking volumes post-merge and Shanghai upgrades
These trends suggest that Ethereum may be entering a new growth phase.
The current on-chain trends suggest that Ethereum may be entering a new growth phase, indicating sustained demand and confidence in the future of its ecosystem.
