Ethereum Activity Nears Record Highs on DeFi Boom
Date: 2025-08-08 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
On August 5, the number of active addresses on the Ethereum network approached a record high, reaching 683,520. This figure almost caught up with the historical maximum of 743,730 recorded in May 2021. Analysts at The Block attribute this to the activity in the decentralized finance sector, especially amid the growing attention to stablecoins and the changing macroeconomic situation in the United States.
According to experts, the DeFi market has revived, driven by increased interest in passive income strategies. Many investors and companies are transferring funds to decentralized protocols using tools such as farming, staking, and other asset placement schemes, which leads to an increase in the number of transactions in the Ethereum network.
The key factor in the current trend may be the expectation of easing of credit policy in the United States. A possible decrease in interest rates makes cryptocurrency income instruments more attractive compared to traditional financial assets. At the same time, this has not yet been fully reflected in the price of Ethereum itself: the value of the asset remains relatively stable, despite increased network activity.
Analysts believe that in the near future, the launch of an Ethereum-based exchange-traded fund (ETF) in the United States with staking support may play an important role. Such an innovation can make ETH especially interesting for large institutional investors, since it combines high profitability with the liquidity of a stock instrument.
Lately, large financial corporations from Wall Street have also been paying special attention to Ethereum. Tom Lee, co-founder of Fundstrat, noted the growing interest from American companies, which could become an additional driver of demand for cryptocurrency.
Thus, Ethereum continues to strengthen its position as a technically advanced and financially attractive platform. Given the growing interest in DeFi, support from institutional players and the prospect of launching a staking ETF, the network has every chance to update records in both activity and market value.
