Activity Surge in Ethereum (ETH) Network: After a rapid decline on January 22nd, Ethereum, the leading smart contract platform in the cryptocurrency markets, has shown a positive recovery. Here are some key points:
1. Increasing Address Numbers: The Ethereum network creates approximately 101,000 new addresses every day. The daily rate of new address creation is 28% faster compared to three months ago. This indicates promising network growth.
2. Rising Transaction Count: The number of transactions on the network increased by 10% during the week. This suggests that Ethereum’s market value is built on the foundation of growing network utility.