Ethereum Usage Soars Despite Flat Prices
Key Takeaways
Ethereum is currently experiencing strong growth within its ecosystem – despite a stagnant price trend. The number of active addresses has reached a new all-time high of 15.4 million. Activity on Layer-2 solutions such as Base, Arbitrum, and Optimism is showing significant increases. This indicates widespread usage and growing acceptance – both among individual users and institutional investors.
Ethereum Network: Activity at Record Levels
Over the past week, the number of active addresses on the Ethereum network rose by 62.68% to 15.4 million – a new record high. This figure includes both the main blockchain (Mainnet) and Layer-2 networks. Usage of Layer-2 solutions reached a dominance level 6.65 times higher than the previous period. This shows that more and more transactions are being processed on off-chain networks to reduce fees and improve scalability.
Base: Layer-2 Network on the Rise
The Layer-2 network Base recorded nearly USD 4 billion in transaction volume last week – an 80% increase compared to the previous week. Tokens such as BRETT, WELL, MORPHO, and AERO contributed significantly to this growth. BRETT rose by 70%, WELL by 51.46%, and MORPHO by 25%. AERO saw a modest gain of 11.91%. This development currently makes Base one of the most active Layer-2 networks in the Ethereum ecosystem.
Other Layer-2 Networks at a Glance
Other Layer-2 projects also showed positive developments:
- Arbitrum (ARB): +10.33% to USD 0.3343 with a volume of USD 123 million
- Optimism (OP): +11.34% to USD 0.7807
- Mantle (MNT): +7.02% with a volume of USD 195.5 million
- Starknet (STRK): +9.36% to USD 0.1488
The only exception was Immutable, which fell by 4.72% and recorded a volume of USD 32.7 million. This shows that not all Layer-2 projects are equally benefiting from the current upswing.
Institutional Interest and Technological Advancements
Ethereum continues to be attractive to institutional investors – especially in areas such as Real World Assets (RWAs), NFTs, DeFi (decentralized finance applications), and staking. Increasing interoperability between different chains and planned upgrades to the Ethereum blockchain could attract additional capital. Developer interest also remains high, which strengthens Ethereum’s infrastructure and usage cycles over the long term.
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Our Assessment
Despite a stagnant price trend, Ethereum is showing strong fundamental momentum. Record levels in active addresses and growing transaction volumes on Layer-2 networks like Base point to increased usage. Particularly noteworthy is the performance of Layer-2 tokens, some of which have seen significant price gains. These trends indicate a sustainable expansion of Ethereum technology – among both retail users and institutional players. Anyone interested in the future of crypto should keep a close eye on developments surrounding Ethereum and its Layer-2 solutions.
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $1,765.81 |
| 24h % | -2.79 % |
| 7d % | -1.41 % |
| 30d % | -4.31 % |
| 60d % | -18.40 % |
| 1y % | -41.53 % |
| Market Cap | $213,198,331,096.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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