HIGH user engagement signals growth: Ethereum has seen a 4.24% increase in active addresses this week. This remarkable surge demonstrates heightened user transactions and overall interest, signaling strong fundamentals within the Ethereum ecosystem.
New user adoption on the rise: The number of new addresses on Ethereum has risen by 2.65%, indicating robust adoption among fresh users. This growth may be spurred by interest in Ethereum’s versatile applications, including NFTs and DeFi services.
Decreasing inactive wallets boost confidence: ZERO-balance addresses have decreased by 4.06%, showcasing that previously dormant wallets are now reactivated. This trend enhances investor confidence, potentially indicating further price increases for Ethereum as user activity continues to flourish.