Ethereum has garnered significant attention in the cryptocurrency community, showing increased activity due to institutional investments and heightened activity on decentralized exchanges and layer-2 networks.
Institutional Investment Surge
The latest report from CoinShares reveals a significant rebound in institutional investments in digital asset products, with last week's inflows totaling $176 million. Ethereum stood out, attracting $155 million, marking the highest intake year-to-date. This influx of capital is largely attributed to the launch of new U.S. spot-based ETFs.
Ethereum’s Layer-2 Networks in Focus
On August 12, Ethereum layer-2 networks recorded 298 transactions per second (TPS), nearing the all-time high of 322 TPS set on July 18. This high level of activity demonstrates the scalability and efficiency of these technologies. Prominent layer-2 solutions, such as Base and Arbitrum, reported 2.64 million and 1.37 million weekly active users, respectively. Notably, in July, Uniswap, a leading DEX on Ethereum, saw 8.65 million new addresses created, nearly doubling the 4.93 million added in June.
Current Value Metrics
Ethereum's current total value locked (TVL) on its mainnet stands at $98 billion, indicating its continued dominance in the DeFi space. Meanwhile, the total value locked across all Ethereum layer-2 networks has reached $38 billion.
Ethereum continues to strengthen its position in the crypto ecosystem due to the influx of institutional investments and growing activity in layer-2 networks. Current data indicates a high level of trust and interest in the platform from both individual and institutional investors.
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