Ethereum Sees Highest Daily Active Addresses Since March

Ethereum's network activity has surged to its highest level in months, with daily active addresses reaching 989,500 over the past 24 hours, according to data from Santiment.

This marks the strongest daily engagement since March, signaling a renewed uptick in user interaction with the world's second-largest blockchain by market capitalization.

The recent spike in activity could be linked to several factors, including the growing popularity of liquid staking derivatives and restaking protocols, as well as a resurgence in the NFT market and increased activity in decentralized exchanges (DEXs).