Ethereum Network Experiences Continued Growth Amid Price Volatility

The Ethereum network is showing resilience in the face of price volatility, with continued growth in network activity and user adoption.

According to blockchain data, the number of daily active addresses on the Ethereum network is approximately 788,000, with around 255,000 new addresses being registered daily. This indicates that the influx of new users has not slowed down despite recent price fluctuations.

The market share of decentralized exchanges (DEX) using Ethereum has also increased from 33% to 42% since January, demonstrating sustained interest in the platform for decentralized finance (DeFi) activities.

The amount of ETH held on centralized exchanges has decreased to 11%, a historically low figure. This suggests that investors are accumulating assets rather than selling them at current prices, which is a positive market trend.