- Over 15.4 million addresses interacted with Ethereum in one week.
- Surge linked to Layer 2 growth and increased dApp activity.
Ethereum has seen a significant spike in network activity, with over 15.4 million unique addresses interacting with its chains weekly, a 62.68% jump from the previous week.
According to data from Growthepie, this marks the highest level of weekly engagement in Ethereum’s history. Analysts link this growth to the rising use of decentralized applications, smart contracts, and new Ethereum-based projects.
The chart highlights a sharp increase in user interactions, signaling strong momentum within the network. This trend reflects growing adoption across Layer 2 solutions and DeFi platforms, driven by more efficient fee structures and ongoing ecosystem improvements.
Ethereum Price Action Reacts to Pectra Upgrade
Ethereum’s market performance has followed its on-chain activity, with the price climbing 40% after the recent Pectra upgrade.
Technical analysis reveals that ETH tests key Fibonacci retracement levels, indicating a possible dip-buy scenario if price support weakens. Market strategist Daan Crypto noted that traders should look for a “flush” followed by a higher low to enter safely.
According to Daan Crypto, green zones on the chart represent possible support areas where price consolidation may occur. These levels offer entry opportunities as traders look to manage risk-to-reward ratios efficiently.
The ETH/BTC ratio has risen from 0.019 to 0.024, while trading volume on centralized exchanges hit $40 billion, indicating strong market interest and liquidity.
Pectra Upgrade Strengthens Ethereum Infrastructure
The Pectra upgrade, led by Ethereum co-founder Vitalik Buterin, introduced significant enhancements through two proposals: EIP-4850 and EIP-7691. EIP-4850 introduces a revenue-sharing mechanism between Ethereum’s mainnet and Layer 2 chains, aligning economic incentives across the network.
Meanwhile, EIP-7691 aims to reduce Layer 2 transaction fees, encouraging higher on-chain activity and efficiency.
On May 3, 2025, Buterin outlined a forward-looking roadmap for Ethereum’s Layer 1, emphasizing clarity and security enhancements. His plan positions Ethereum to support a broader range of decentralized applications while maintaining network integrity.
These structural upgrades and rising engagement levels point to Ethereum’s continued evolution as a key blockchain platform in the Web3 space.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
