🧠 Ethereum Accelerating Amidst Competitive Waves?
DApp activity on Ethereum is growing steadily, despite competition from cheaper blockchains like Solana, BSC, and Avalanche. According to DappRadar, ETH has recorded over 234 million DApp wallets, more than 452 million transactions, with DeFi and NFT being the two main pillars driving the network.
🔹 Layer 2 & NFT help sustain DApp activity throughout 2023–2024, and 2025 may surpass the previous peak in 2021. Data shows that the Ethereum network remains the 'king' of Web3 despite high gas fees.
📈 The price of ETH is currently around ~$3,862, up 5.8% for the week, trading in the range of $3,530–$3,933. Open interest volume in futures has reached $58 billion — a sign of significant capital waiting to explode.
🏦 Institutions are accumulating ETH strongly: 2.73 million ETH are held in 65 reserve funds (≈2.26% of total supply). BitMine is the largest holder, similar to MicroStrategy's role with BTC. This reinforces long-term confidence in ETH.
⚠️ Risks? The cost of borrowing wETH is rising, and some technical indicators suggest ETH is 'hot'. However, if Ethereum maintains this momentum, a breakout to the $4,000–$4,200 range is to be expected.
