As the price of Ethereum broke through $2,400, the Ethereum ecosystem also ushered in an explosion, and Layer2 solutions set a monthly record high. In this article, we will take the latest developments in the Ethereum ecosystem as the starting point, analyze the on-chain indicators and price trends of the Ethereum ecosystem, and explore the impact of Layer2 solutions on the market and investors.

Ethereum leads the way, while the second-layer network emerges as a new force

In the past two weeks, Ethereum has performed well, surpassing Bitcoin, especially the independent sector trend led by the second-layer network, which has broken away from the influence of Bitcoin.

Investors are generally anxious because investors who used to focus on the inscription sector saw that the inscription hotspot could not be sustained and turned their attention to the rise of the second-layer network. This market change made many investors confused and entangled in whether they should adjust their positions.

Ethereum Ecosystem On-Chain Metrics

In the operation of the ecosystem, on-chain indicators are one of the important data that investors pay attention to. Data such as the number of daily transactions and transaction volume reflect the activity and liquidity of Ethereum in the market.

DappRadar data shows that Ethereum on-chain transaction volume has increased by 13.57% in the past week, and transaction value has increased by 9.88%, indicating that the activity of the Ethereum network is recovering.

According to the latest data, the number of daily Ethereum transactions remains high, and the transaction volume shows an upward trend, showing investors' continued attention and participation in Ethereum. These data show that the Ethereum ecosystem is still in a healthy state. Although there have been some fluctuations in recent weeks, the overall trend is still upward.

Ethereum Price Prediction

Breaking through $2,400 is an important milestone for the price of Ethereum. This breakthrough may mean that the market is bullish on Ethereum and investor confidence is increasing.

According to CoinDesk's forecast, the price of Ethereum could reach $4,000 within the next year. This would mean an increase of nearly 70% in the price of Ethereum.

Of course, any price prediction is just speculation. There are many factors that affect the price of Ethereum, including macroeconomic conditions, the price of Bitcoin, and the development of the Ethereum ecosystem.

At the same time, it is necessary to pay attention to the volatility of market conditions. The continued rise in prices may be accompanied by a certain correction, so investors should remain vigilant.

Layer2 solutions drive the Ethereum ecosystem

Layer 2 solutions have injected strong momentum into Ethereum, significantly increasing overall throughput, reducing transaction costs, and accelerating confirmation speeds by migrating transactions to the "second layer" network. This technological innovation not only improves user experience, but also attracts more developers and projects to join the Ethereum platform, promoting the prosperity of the entire ecosystem.

The driving force of Layer 2 solutions is not only to improve user experience, but also to create a broader space for the sustainable development of Ethereum's ecosystem. A low-cost, high-efficiency trading environment will attract more decentralized applications and smart contracts, bringing healthier and more sustainable growth to the Ethereum ecosystem.

In addition, there are some other points worth noting:

Ethereum's second-layer solution is becoming a new highlight. With the continuous improvement of the second-layer solution, the expansion and performance of the Ethereum network will be improved. This will provide a foundation for the further development of the Ethereum ecosystem.

The development of Ethereum Shanghai upgrade is ongoing. This major upgrade will completely transform the Ethereum network, bring a more secure and efficient network ecology, and will also be another important catalyst for the rise of Ethereum prices.

Conclusion

With the advancement of Layer 2 and Ethereum upgrade plans, the Ethereum ecosystem is recovering and market prices are expected to continue to rise.

Only by truly understanding market trends, the techniques for judging bottoms and tops, and constantly learning and improving their investment skills, can investors obtain better returns in the market.

I hope that investors can flexibly respond to market changes and gain more profits and generous returns in this round of super bull market. #以太坊生态 #LAYER2