Connect with us
Active Currencies 17837
Market Cap $3,968,977,920,130.30
Bitcoin Share 59.41%
24h Market Cap Change $-3.69

Ethereum’s active addresses jump 37% – Is institutional and DeFi demand fueling the surge?

2min Read

Will DeFi big players increased interest in Ethereum boost ETH’s prospects?

Ethereum’s active addresses jump 37% - Is institutional and DeFi demand fueling the surge?
Share this article

  • Ethereum average active addresses surged to 670K. 
  • ETH’s recent decline exposed Trump’s WLFI to a $14.9M unrealized loss. 

Ethereum’s [ETH] active addresses have surged 37% and surpassed March 2024 highs, signaling increased network activity in early 2025.

Per blockchain analytics firm IntoTheBlock, the network addresses soared to 670K last week, compared to over 400K in March 2024.  

“The average number of active Ethereum addresses surpassed 620k last week, the highest since March 2024!”

Ethereum

Source: IntoTheBlock

Although a single entity can open several addresses and dilute the metric, the steady growth suggests massive adoption of the network. 

Big players driving DeFi activity?

Over the same period, ETH’s TVL (total value locked) jumped from $65B to $98B before retreating to $84B at press time.

For context, TVL tracks the amount of locked funds across the DeFi ecosystem. 

For Ethereum, the lending platform Aave and liquid staking platform Lido commanded the highest share of the chain’s TVL. The two platforms accounted for over $60B of the ETH’s TVL. 

Ethereum

Source: DeFiLlama

Since they are institutions’ favorites, one could assume that big players are behind the surge in network activity. 

That said, President Trump’s World Liberty Finance (WLFI) has been one of the recent aggressive buyers of ETH. However, ETH’s recent 8% decline to $3K exposed the firm to a massive unrealized loss worth $14.9M. 

In the meantime, the ETH price has been in a bearish trend but has managed to defend the $3K support zone.

However, since it has been retested the support several times, a downside breach couldn’t be overruled, especially if bearish sentiment persists post-FOMC meeting. 

Ethereum

Source: ETH/USDT, TradingView

On the flipside, a reversal could lift ETH to the mid-range of $3.5K or the resistance area (red) at $3.6K-$3.7K.  

Share
Benjamin Njiri is a Crypto Analyst and Journalist at AMBCrypto who specializes in technical analysis and identifying emergent market trends. He excels at breaking down complex chart patterns and on-chain data to make them accessible and actionable for investors. His rigorous analytical approach is founded on his academic background as a Telecommunication Engineering graduate. This discipline has equipped him with an expert understanding of signal processing and data analysis, allowing him to systematically filter market noise from true trend signals with engineering precision. Armed with this unique perspective, Benjamin focuses on providing clear, data-driven insights into the digital asset landscape. His work is dedicated to demystifying the intricate world of cryptocurrencies, empowering readers to understand the forces that shape the market and to navigate it with greater confidence.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.
Thank you for subscribing to Unhashed.