Despite the ups and downs of the market, the world’s second-largest cryptocurrency, Ethereum, finds itself not just with an increasing number of active addresses but also with something else that’s perhaps even more exciting: active, confident institutional investors.
Most recently, those confident institutions have shown themselves to be big players in the so-called “Ethereum Name Service” (ENS).
Active Addresses Hit a Record High
The past week saw the average number of active Ethereum addresses shoot up beyond 620,000—the loftiest level seen since March 2024. This gathering momentum around activity highlights the burgeoning use cases and acceptance of the Ethereum blockchain—by means of decentralized finance (DeFi), non-fungible tokens (NFTs), and creative layer-2 answers (which Ethereum seriously needs).
The average number of active Ethereum addresses surpassed 620k last week, the highest since March…
