Ethereum active addresses reach 989,500 in 24 hours, a five-month high
AI Market Summary
Ethereum 24h active addresses rose to ~989,500, the highest since early March, while ETH held near $1,870—signaling stronger on-chain usage rather than purely speculative activity. Drivers cited include higher gas demand from Robinhood Chain-related activity, renewed stablecoin/RWA interactions, and sustained institutional participation via US spot Ethereum ETFs (~$245m net inflows in early August, fifth straight week). The mix supports near-term liquidity and volatility sensitivity in ETH markets.
Impact level
● Medium
Affected assets
ETH/USDT+0.41%
AI Insight · ETH/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Ethereum recorded 989,500 active addresses over 24 hours, the highest level since early March. Wallet activity jumped even as ETH hovered near $1,870, according to on-chain data provider Santiment. Validator participation continues to underpin the network by locking native ETH to propose blocks and validate state changes, supporting billions of dollars in value. US spot Ethereum ETF products took in about $245 million in net inflows in the first week of August, extending a five-week streak of inflows and pointing to continued demand for ETH as a gas token.
