Ethereum's Wallet Activity Surges to New High

Ethereum's price held steady at $1,870 on August 10, but beneath the surface, wallet-level activity exploded. Daily active addresses surged to a single-day record of 989,500, the highest since March, driven by rebuilding spot ETH ETF inflows and high-velocity activity from Robinhood Chain.

The spike in user activity is not isolated; spot ETH ETF demand has been slowly rebuilding after weeks of tepid flows. Additionally, Robinhood Chain's Ethereum-settled operations have added a new high-velocity use case to the network.

Existing wallets appear to be re-routing funds, testing execution rails, and positioning for what comes next. Tokenized Treasuries and other real-world assets now form a multi-billion dollar segment that Ethereum dominates.