Though Ethereum’s price has been stuck in the doldrums, ETH’s network is booming, according to the crypto analytics firm Santiment.
The firm notes in a recent post on the social media platform X that “the utility and growth of the network continues looking healthier than ever.”
“The amount of new weekly ETH addresses created is ranging around 800,000-1 million per week, compared to about one-third less at this point last year.”
ETH is trading at $2,421 at time of writing. The second-ranked crypto asset by market cap is down more than 3.5% in the past day.
Despite Ethereum’s growing network, Santiment notes that a different layer-1 project, Tron (TRX), has been dominating the social media conversation.
“The Tron blockchain and ecosystem is trending, including its deflationary tokenomics, staking options via Tronscan and TronLink, and its role in stablecoin transactions, especially USDT on…
