Ethereum activity has reached historic levels, driven by sustained growth in both transactions and active addresses, i.e. addresses that operate directly on Ethereum’s main layer. In the last week alone, more than 480,000 addresses were added to the network.
According to the token terminal data, Ethereum activity has remained high in recent weeks. On October 6th, 15.8 million active addresses were registered, of which approximately 498,900 supported Ethereum L1, and on October 13th, the number of operational addresses reached 16.3 million, or 483,100 addresses.
The all-time high for active addresses on Ethereum reached 434.8K addresses on December 2, 2024.
This boom is also reflected in the daily transaction amount, which exceeds 2 million transactions. This coincides with gas prices falling to their lowest levels in years.. According to Token Terminal, the average cost of a single transaction on Ethereum is currently around $0.65.
Gas prices currently average between $10 million and $20 million per day, well below the more than $200 million per day recorded at the height of the 2021 bull market.
The interest in Ether and the Ethereum network is reflected not only in the growth of on-chain activity and low gas fees, but also in the attention it is arousing among investors and participants in the financial world.
As reported by CriptoNoticias, Rich Dad Poor Dad author Robert Kiyosaki recently highlighted the ether as follows: One of the most attractive assets Given the possibility of an economic collapse predicted in 2025.
According to Kiyosaki, the Ethereum cryptocurrency combines store-of-value potential with practical use in industry, positioning it alongside silver as an alternative to traditional assets that can be affected by inflation.
(Tag translation) Network fees
