#鏈上數據洞察
According to Dune Analytics data, Ethereum was active in February 2025, with continuous growth in the ecosystem, but speculation and large holder dynamics need to be monitored:
• Trading activity: Average daily transactions of 1.85 million, total transaction value of about 2.6 billion USD, an increase of 18% compared to the previous month. Average gas fees of 22 Gwei, indicating high network efficiency and increased Layer 2 utilization.
• User participation: Average daily active addresses of 920,000, an increase of 80,000, new addresses increased by 28%, short-term holders account for 42%, and speculative sentiment is rising.
• Capital flow: 55% of large holder transfers flow into exchanges, 45% into cold wallets, with exchange balances decreasing by 7%. The holdings of the top 100 addresses have decreased to 37%, and retail participation has increased.
• Trends and recommendations: Market confidence is improving, with approximately 600 million USD flowing into DeFi. Divergent behavior among large holders may bring volatility, so it is recommended to pay attention to Layer 2 trends and exchange flows.
