ChainCatcher Message, the blockchain market is stirring again! According to OKX market data, the price of Ethereum (ETH) has surpassed $3500, with a daily increase of 6.86%. This price fluctuation has attracted widespread attention from the market, prompting investors to turn their gaze towards on-chain data analysis to explore the underlying driving factors.

Firstly, the increase in ETH's price may be related to the recent rise in market interest in decentralized finance (DeFi) applications. Secondly, on-chain data indicates an upward trend in the number of active addresses and transaction volume for ETH, demonstrating an increase in market participation. Finally, changes in market capitalization rankings also provide investors with new market insights that are worth ongoing attention.