Ethereum Price Soars 200% Since April on Surging Network Demand

ETHEREUM (ETH) price made 200 % of its lowest levels in mid -April, but the real story reveals Blockchain.

While the recent decline in its new peak, which is more than $ 4900, has been captured, there is an emission in the basic network activity, which indicates that this is more than just a speculative gathering.

Basics of the chain ignites

Michael Nado of the Defi report on X indicated that the ethereum networks are enhanced by price gains.

His research shows that approximately 75 % of the network revenue now comes from priority fees and MEV activity, a sign that the demand for space climbs. Moreover, Stablecoin Supply expanded to $ 156 billion, i.e. 14 % improvement since the beginning of July, with USDT and USDC trading on the network.

Transport volumes are also approaching the record levels, as the 1 (L1) layer processes about $ 6 billion in daily settlements. This intense network activity coincided with the increasing institutional participation in ETH. On August 25, Tom Lee’s BitMine Gemersion Technologies announced that it has accumulated approximately 1.7 million ETH with a value of more than $ 8 billion to become the largest company holder in the encrypted currency.

However, volatility remains clear. Yesterday, Ethereum fell more than $ 550 after a short period of reaching a new standard, as he wiped more than $ 110 million in positions of benefit from this process. This correction came even with the background of the ongoing whale and institutional accumulation, indicating that the market morale is still fragile despite the constant structural growth.

Price movement, L2 growth, and ETHEREUM expectations

At the time of writing this report, ETH has changed hands at $ 4445, a decrease of 5.5 % in the past 24 hours but is still 5.3 % higher in the past seven days. In comparison, the broader encryption market decreased by 0.3 % in the same period, highlighting the relative power of Ethereum.

This is not everything. The assets increased by approximately 18 % during the previous month and 62 % in the green year. In addition, the ETH/BTC ratio is located near 0.0403, at 3.6 % this week, but it is still heading up from its lowest levels in mid -April 0.024.

Layer 2 (L2) networks inflame this momentum. Nadu highlighted that the volumes of transactions via L2S are close to standard levels, while dealing with the Coinbase base of approximately half of the activity in space, followed by expression and WorldCOIN.

However, the mechanism of burning fees from ETHEREUM has not yet succeeded, as the average BLOB use remains for each block at the fourth, and some roads are less than the threshold needed to cause large ETH burns.

Meanwhile, Ethereum take steps to support sustainable growth on the network. Last week, it announced the next stage of a trillion dollar security initiative, which aims to raise the security and contract security standards.

Some measures that intend to take a database for general weakness and enhance the transactions of human readable transactions to prevent the signature of the blind, which must become very important with greater valuable flows across the network.