Ethereum (CRYPTO: ETH) outperformed Bitcoin (CRYPTO: BTC) over the past month, supported by rising network activity, capital inflows and strengthening ecosystem fundamentals.
Network Activity Reaches Record High
CryptoQuant data shows Ethereum’s network activity has reached an all-time high, with the seven-day average of total transfers surpassing 1.3 million.
The surge reflects increased usage across decentralized finance, Layer-2 networks and smart contract applications, signaling strong adoption beyond simple holding.
Despite this growth, Ethereum is trading well below previous highs. …