Ethereum Weekly Activity Plummets 19.34% Amid Long-Term Growth Trends
ethereum Sees Fluctuations in Weekly Activity Amidst Long-Term Growth
Surge in Active Addresses Despite Recent Decline
ethereum‘s blockchain has recently recorded a notable uptick in weekly user engagement, with 13.2 million active addresses noted. However, this figure marks a 19.34% drop compared to the previous week. Analyzing the long-term trajectory from 2022 through mid-2025 reveals a consistent rise in user activity, particularly peaking in the second quarter of 2025.
Multi-Chain Activity Maintains Positive Outlook
In the broader multi-chain landscape, ethereum‘s active addresses have seen a slight reduction of 2.96%, totaling 736,453 users. This decrease is relatively minor when viewed against the overall growth trend since mid-2023, indicating that users continue to diversify their interactions across Layer 2 solutions and other ethereum-compatible networks.
Layer 2 Engagement Experiences Short-Term Setback
Layer 2 networks, a vital aspect of ethereum‘s ecosystem, have encountered a more pronounced short-term decline. The Layer 2 multiplier has dropped to 5.04x, reflecting a 24.83% decrease from the previous week. This metric illustrates the volume of interactions on Layer 2 compared to the base layer. While this indicates a temporary slowdown in Layer 2 activity, it follows a period of rapid expansion driven by user demand for lower transaction fees and quicker processing times. Despite this recent dip, current engagement levels still surpass the average usage recorded throughout 2023.
Current Market Conditions and User Engagement Trends
As of the latest update, ethereum is trading at $2,459.46, experiencing a slight 0.2% decline over the last 24 hours. The support level is identified at $2,402.46, while immediate resistance is positioned at $2,465.80. Even with the subdued price movements, user engagement continues to rise. This trend highlights a distinction between market hype and genuine usage patterns within the network. Weekly statistics reveal that the number of active addresses has reached levels not seen in the past three years, particularly during the anticipated Q2 2025. The growth in user engagement offers a clear and measurable insight into the evolving dynamics of ethereum‘s ecosystem, based on address-level interactions.
