- Ethereum hit 15.4M active addresses, up 62.7% in a week, led by Layer-2 network adoption.
- Layer-2 dominance rose to 6.65x, with Uniswap’s Unichain surpassing Base and Arbitrum in activity.
- ETH holds above $1,800 as technical indicators and ETF inflows suggest renewed bullish momentum.
The Ethereum network has recorded a new all-time high of 15.4 million active addresses, reflecting a sharp 62.7% rise in just seven days. This growth, according to data from growthepie.xyz, was largely driven by increasing user interaction with Ethereum’s layer-2 networks and scaling solutions.
Layer-2 Usage Pushes Ethereum Ecosystem to Record Activity
According to data from growthepie.xyz, Ethereum saw a record 15.4 million active addresses across its ecosystem over the past week. This surge was largely supported by a rise in layer-2 protocol usage, with dominance reaching 6.65 times compared to other chains.
Uniswap’s Unichain recorded over 5.82 million weekly active addresses, placing it ahead of Base and Arbitrum in terms of user activity. The increase in address count reflects broader adoption as users shift to faster and cheaper transaction layers built on Ethereum.
The broader trend shows Ethereum’s scaling roadmap is gaining traction. According to an observation by Growthepie, Ethereum’s seven-day layer-2 growth rate surpassed all other smart contract platforms. This reflects a consistent demand for decentralized applications within the network.
Technical and Institutional Support Back Ethereum Momentum
According to Merlijn The Trader, Ethereum is positioned at the bottom of the accumulation zone, and the Stochastic RSI is signaling a potential reversal. He stated, “Missing this setup could be the biggest mistake of 2025,” referring to a possible price surge if the trend continues.
Ethereum is trading above $1,800 and holding key support levels. It remains above the 100-hour simple moving average, which shows continued market support. According to an analysis prepared by CoinShares, Ethereum ETFs saw $183 million in net inflows during the final week of April after eight weeks of outflows.
The MVRV Z-Score reached -0.18 in March, entering what Fidelity called the “undervalued” zone. Ethereum’s realized price sits at $2,020, showing long-term holders remain steady despite recent volatility.
