Ethereum crossed 20 million weekly active addresses, showing record engagement.
Cross-chain activity rose 20.5%, highlighting rising interoperability.
The ETH price surged 3.6% in 24 hours, rebounding above $2,300 with bullish momentum.
Ethereum is making headlines once again as both on-chain engagement and market performance surge to new highs. With over 20 million weekly active addresses and a 3.6% price jump in the last 24 hours, the blockchain giant is showcasing powerful signs of renewed adoption and investor confidence.
Record Engagement Driven by Layer 2 and Cross-Chain Growth
According to CryptoGoos, Ethereum’s on-chain activity is experiencing a major upswing, as highlighted in new data from growthepie.com. The chart named Ethereum Weekly Engagement indicates a significant improvement in the number of unique wallet addresses that interact with Ethereum or even its Layer 2 chains every week.
This spike, which gathered steam in early 2024, has escalated to new heights by mid-2025, topping the 20 million barrier of weekly activity. The gradual increase demonstrates the intensification of the use of Ethereum-based systems, which is probably conditioned by the surge in DeFi, NFT, and scaling expectations.
The recent statistics create an impressive image: 13,238,130 active addresses had been registered, even though there was a decline of 19.3% in comparison with the last week. A better indicator of multichain growth is cross-chain activity, which is up 20.5%, with 736,453 addresses operating across a variety of Ethereum-compatible chains during the week.
The Layer 2 multiplier is currently at 5.04x, a decrease of 24.8% this week, but is still a very significant indicator of Ethereum Layer 2 scaling. In sum, the numbers signify the quantitative strength of Ethereum that makes it feel like the most considerable part of the blockchain environment, in which user activity and interoperability across chains are ever-increasing.
ETH Price Climbs Amid Bullish Sentiment and Market Confidence
Ethereum (ETH) has shown a significant increase in price of 3.6% in the last 24 hours, hitting the mark at $2284.54 as of the time of writing on June 23. This price increase marginally increased the market cap to around 275.78 billion dollars, representing a 3.33% daily hike.
Although 24-hour trading volume went down by a margin of 17.1% to a figure of $20.74 billion, it seems that there is a bullish agenda among the investors, a fact that can be justified by the green trend line taking center stage in the intraday price movements chart.
Having briefly fallen under the mark of 2,200 late on June 22, ETH rapidly recovered in early trading on June 23 and resumed climbing to a high of slightly above 2,300. When the circulating supply is equal to the total supply figure (120.71 million ETH) and the cryptocurrency has no maximum supply limit, Ethereum still performs well in the market with minimal ups and downs in the volumes on offer.
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