• Ethereum on-chain activity has recently recorded a new high following the crypto market revival.
• Various metrics, such as daily transfers, addresses, and verified smart contracts, have continued to show steady growth over the past few months.
• Ethereum has been a rival to the top crypto, Bitcoin, with its unique addresses surging roughly 10% and daily verified smart contracts increasing by 140% since last year.
Ethereum, the second-largest crypto by market cap, has been making waves in the crypto market in recent months. On-chain activity for Ethereum recently recorded a new high following the crypto market revival, proving that the network activity has not had any significant decline over the past three months.
Data from Etherscan shows that the total number of ETH transferred daily on the network has surpassed 1 million once again. This is just one of the various metrics that have continued to show steady growth over the past few months. In addition to daily transfers, the number of addresses and verified smart contracts have also seen a surge. PrimeXBT’s recent report on Ethereum showed that the network has grown actively in use, recording a high of 92.5 million addresses over the weekend. Moreover, the number of daily verified smart contracts on the network has increased by 140% since last year.
In terms of unique addresses, Ethereum has seen an even more impressive surge. Over the past six months, the Ethereum network’s unique addresses have increased roughly 10%, reaching an all-time high of 221 million. This is a testament to the rapid adoption of Ethereum in the crypto market, making it a strong rival to the top crypto, Bitcoin.
As Ethereum continues to grow, it is likely that the network’s activity will continue to record new highs in the coming months. With the increasing number of users, transactions, and addresses, it is clear that Ethereum has cemented itself as one of the leading blockchains in the crypto market.