Ethereum Network Activity Surges by Nearly 45% Amid Consolidation

Ethereum's network activity has seen a significant surge in recent weeks, with daily transaction counts increasing by nearly 45%.

The number of transactions rose from approximately 600,000 in late December to around 870,000, according to CryptoQuant data analyzed by CryptoOnchain.

This increase is attributed to growing engagement across decentralized applications and DeFi protocols, indicating a structural shift in network usage rather than a single event-driven spike.

The persistence of high transaction volume suggests stronger demand for ETH as a utility asset, particularly during consolidation phases when price-driven speculation recedes.