Recent data reveals that Ethereum’s decentralized exchange (DEX) activity surged, with total weekly volumes reaching $26.8 billion, highlighting increased investor interest. This marks a significant rise from $8.15 billion just four weeks earlier. In addition, the network recorded 16.4 million weekly transactions, maintaining low fees that averaged below $0.20 during high demand periods.
Despite a 15.9% price drop for Ether (ETH) over the past week, leading to $910 million in liquidations for bullish positions, the Ethereum ecosystem shows resilience. Active addresses and transaction volume are critical metrics indicating potential recovery, with suggestions of a rally back toward $3,300.
Ethereum's network fees increased by 19% over the last week, contrasting with declines seen in competitors like Tron and Solana. The aggregate transactions on Ethereum’s layer-2 solutions climbed to 128 million, outpacing both BNB Chain and Tron, indicating that scalability measures are effectively enhancing utility without compromising performance.