As the year began, Ethereum showed notable strength. However, ETH’s recent strength is not only reflected in ETH. price action. According to on-chain data, the ETH network has grown at a rapid pace in the new year, with adoption and usage reaching historic levels.
Ethereum surpasses key TVL landmark.
Ethereum Network Just days into the new year, strong statements are being made across the dynamic cryptocurrency and blockchain sectors. According to a recent report by Leon Waidmann, market expert and head of research at the On-Chain Foundation. explanation A new milestone for the leading blockchain network.
As the chart shows, the network has surpassed a significant landmark in Total Value Locked (TVL) applications, reflecting its expanding role as a foundation for decentralized finance (DeFi) and Web3 innovations. ETH’s total application TVL now exceeds $300 billion.
this new TVL increase This is likely due to new investments in DeFi protocols, liquid staking systems, and on-chain apps that build on Ethereum’s robust infrastructure. Figures of this magnitude indicate a surge in user confidence, increasing usability, and a mature ecosystem that is steadily attracting both developers and institutional investors.
With App TVL's latest milestone, the Ethereum network will not only demonstrate its current strengths, but also create value and On-chain activity. According to experts, these numbers are more important than you might think. This is a sign that capital is being actively used within the Unchain application.
Ethereum’s growth in DeFiStablecoins, Real World Assets (RWA), and staking represent real economic activity that surpasses other major networks. Waidmann emphasized that liquidity often follows depth, but the deepest pools are found in ETH.
Developers follow composability, and the network is becoming a hub for the richest group of developers. Additionally, institutions that follow predictability are found in abundance on the ETH network. Finally, Ethereum has become the center of new apps following users and capital.
A new level of network activity for ETH
Ethereum's performance has improved at a rapid pace, with major network activity experiencing dramatic surges. in Another X postWaidamann revealed that activity on the ETH main network has reached an all-time high, indicating renewed confidence in the ecosystem as a whole.
According to data shared by Waidmann, the number of daily transactions performed on the network every day has now reached 2 million. At the same time, the total number of people is active wallet address Daily transaction volume on the blockchain has grown rapidly, reaching between 500,000 and 600,000.
In addition to demonstrating Ethereum's superiority as the leading smart contract platform, the surge in transactions and active addresses demonstrates expanding real-world usage at a time when the network's principles are more important than ever.
Should the network be maintained? Significant wave of adoptionThe expert believes that this newfound confidence could extend to ETH’s price action. “It’s just a matter of time before prices catch up,” Waidmann said.
Featured image from iStock, chart from Tradingview.com
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