Ethereum Price Lags Behind Network Growth: What Can Drive Upwards Movement

Ethereum's network activity continues to break records, but its price remains below $2,000. Analysts believe that tokenized assets and institutional demand could be key drivers for future ETH price growth.

The base layer of Ethereum generated $88.4 million in Real Economic Value in the second quarter, a 7% increase from the previous quarter but still 68% lower than the same period last year. Meanwhile, applications running on Ethereum generated about $1.79 billion in fees, with only 4.9% flowing back to the main chain.

Rollups are processing over 40 times more activity than the base layer, while Robinhood Chain is seeing strong activity, handling almost five times as much user operations per second as Ethereum Mainnet.