Ethereum Ecosystem Metrics Rocket 62% to Shatter All-Time Highs

Ethereum’s network stats just mooned—total value locked, daily transactions, and active addresses blast past previous records in a defi frenzy. Traders pile in while gas fees quietly drain wallets.

Key drivers: Layer-2 adoption hits escape velocity as arbitrum and optimism chains process 70% of transactions. Meanwhile, institutional players finally figure out how to connect their MetaMask wallets.

The kicker? This surge comes despite Wall Street ’experts’ still calling crypto a bubble between their 3-martini lunches. ATHs don’t lie.

Source: Growthepie

The breakdown of multi-chain involvement revealed a positive trend, but it exhibited minimal decline since various platforms converged into efficient interoperable networks.

Better developer interest combined with institutional connections and projected ETH upgrade releases could drive additional capital from a hike in user engagement. Subsequently, the expansion of users could strengthen Ethereum’s infrastructure, together with its adoption cycles.

Performance of Base chain and other ETH L2s

The recent recovery in the Base ecosystem further reignited Optimism across Ethereum’s Layer 2 sector. On-chain token activity on Base settled nearly $4 billion in volume over the last week – A remarkable 80% hike compared to the previous week.

This spike was observed in transaction volumes of Base tokens like BRETT, WELL, MORPHO and AERO, which spearheaded the turnaround.

Source: IntoTheBlock

The price performance breakdown gave credence to BRETT leadership with a weekly appreciation of 70%, while MORPHO rose by 25%.

WELL appreciated by 51.46%, while AERO had a marginal 11.91% appreciation. Other tokens like PRIME, ALB, DEGEN, and SONNE either had little to no recovery or were in considerable losses.

This momentum could make Base the most volume-active Ethereum L2, and its resurgence could be good news for all ETH’s Layer 2s.

Sustaining this momentum remains to be seen since much of it hinges on sustained token demand, liquidity levels, and overall market confidence. Meanwhile, some other Layer 2 tokens performed differently over the week.

Source: CoinMarketCap

Arbitrum (ARB) rose by 10.33% to $0.3343 with a volume of $123M. Optimism (OP) hiked by 11.34% to $0.7807, while Mantle (MNT) was close behind with an uptick of 7.02% and $195.5M volume. Starknet (STRK) appreciated by 9.36% to hit $0.1488 too.

Immutable, however, fell 4.72% with a $32.7M volume, showing worse sentiment than other L2s that had huge market caps close to it. This put the future of ETH L2s at stake, especially after the RISC-V proposal by Vitalik Buterin.