- Active addresses increased from 306,211 to 336,366 in 48 hours.
- ETH price rose alongside the surge in user activity.
- On-chain metrics confirm growing Ethereum network engagement.
According to a cryptoQuant report, ETH saw a surge in market action between April 20 and April 22, 2025. During this period, the number of active addresses on the network grew from 306,211 to 336,366, depicting a 9.85% gain in 2 days. The point was accompanied by a bullish price signaling increased attention on the blockchain.
Rising Ethereum On-Chain Activity Accompanied by Price Movement
Besides the rise in active addresses, ETH experienced a parallel price increase, further underscoring the rise in usage. The short-term increase in network participation points to heightened interest. However, a closer look at related network metrics is necessary to understand the broader context.
The number of active addresses indicates how many unique wallets sent or received transactions. But this figure alone does not provide a complete picture. Additional metrics such as exchange volume and total transaction count must be analyzed.
Furthermore, comparing new versus recurring addresses helps distinguish between returning users and first-time participants. A rise in recurring addresses often reflects organic usage, while spikes in new addresses may be tied to specific events.
Other Key Metrics Reflect Broader Network Health
Gas fees during the same window can offer insights into network congestion and transaction demand. Elevated gas fees usually follow increased demand. Hence, if gas usage increased alongside active addresses, this may indicate more sustained network engagement.
Additionally, Layer 2 and bridge activity must be assessed to understand how much value is moving off-chain. A significant increase in these metrics could indicate broader ecosystem usage rather than simple wallet activity on Layer 1. Ethereum’s underlying architecture supports many decentralized applications. Consequently, a rise in usage often spans multiple projects and layers.
The spike in active addresses, when considered with rising ETH prices and related metrics, confirms increased usage. Charts from the period support this trend, with both price and address count moving upwards in parallel. The combination of short-term activity spikes and price action points to stronger engagement across the Ethereum network.
The reported data reflects only a 48-hour window. However, when several key indicators rise simultaneously, it adds more weight to the findings. Ethereum’s rising address count, paired with network activity metrics, shows a measurable rise in user engagement.
