Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum’s network activity seems to be moving in an opposite direction to its current price performance. While the price of ETH has been experiencing waning action in recent days, the leading network has continued to attract notable participation and usage within the broader cryptocurrency landscape.

User Base On Ethereum Keeps Expanding

Even in a volatile crypto and macro environment, the Ethereum network has managed to maintain an upside trajectory. Once again, the network is showing quiet but significant expansion while the price of ETH persistently struggles to post another notable upward movement.

A report from Coin Bureau reveals that behind the day-to-day price fluctuations, there is a steady rise in network activity. The rise in network activity is driven by an expanding user base, signaling that participation across the ETH ecosystem is deepening rather than fading.

According to the expert, Ethereum‘s user base is still expanding as the number of active addresses on the network is continuously increasing. Data shows that the overall number of active addresses has surpassed the 275 million landmark. This steady rise in active addresses coincides with ongoing market volatility, making it a crucial development to watch in the upcoming days due to its potential to influence the market trajectory.

From Decentralized Finance (DeFi) and staking to Non-Fungible Tokens (NFTs )and Layer 2 activities, the expanding user base indicates that the foundations of ETH are still solid. Such resilience strengthens the network’s role as the foundation for the development of smart contract adoption.

ETH Network Activity Growth Reaches Untouched Levels

In 2025, the Ethereum network witnessed one of its sharpest growths in the past few years. As the year comes to an end, Leon Waidmann, a market expert and head of research at On-Chain Foundation, revealed that the ETH mainnet recently hit a new all-time high in network activity, underlining the blockchain’s relevance.

After months of steady growth, the leading network is now processing more transactions and computations than it has ever done since its existence. This level of processing power reflects a notable demand for application creation on the blockchain and a real user base.

Waidmann highlighted that layer 2s did not drain activity from Ethereum; instead, the projects expanded it, strengthening the network’s scalability. In addition, more economic activity is being settled on the blockchain than at any other time in its history, which paints a bullish 2026 for ETH and its expanding ecosystem.

As transaction counts rise and user engagement increases, the milestone indicates more than just short-term momentum. Meanwhile, this growth is shaping how the market views ETH’s current phase, which highlights a blockchain that is thriving despite evolving market conditions.

Despite recent waning price action, Milk Road still believes that ETH could close December in green even after one of its toughest quarters in recent years. Milk Road prediction is supported by the fact that some of ETH’s strongest months and rebound quarters have occurred following periods of heavy quarterly selling.

Thus, December ending on a positive note is possible. However, the more noteworthy question is what comes after. In the past, periods like these have often served as the reset period prior to strong recovery efforts.

Featured image from Freepik, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Cryptocurrency hardware wallet provider Ledger is expanding its support for Cardano. This time, it strives to improve the user experience with a cleaner look with the latest app release, version 4.1.2.

(1/2)

Attention #Cardano $ADA users!

The latest update of the Cardano App in #LedgerLive allows you now to see the ticker of the Cardano token you are sending on your #Nano during a transaction! (for the 100 most common tokens)

Read more

— Ledger Support (@Ledger_Support) July 4, 2022

As reported by U.Today, the Ledger team announced in the past week that Cardano (ADA) accounts were now supported on Android mobile phones for both Ledger and Ledger Live platforms, while work was ongoing to add IOS compatibility.

In June, Cardano made its way to Ledger Live, thus enabling users to be able to send, receive, buy and manage ADA directly with Ledger Live. The release of the smart contract-compatible Cardano app version 4.0.0 for Ledger wallets was also announced in April.

Cardano’s on-chain transactions reach 44.8 million

According to information provided by the Cardano community’s Twitter account, Cardano’s on-chain transactions increased by 5.44% in June to reach 44.8 million, breaking the previous record of 42.5 million on-chain transactions set in May. Additionally, in June 2022, the number of ADA wallets climbed to 3.42 million, a gain of 1.81% above May’s previous high.

June On-chain #Cardano Stats

Did someone say Cardano was the top project by development activity in the last 30 days? @santimentfeed

Let’s take a look at what developer activity is and why it matters.
…(1/4) pic.twitter.com/tl6eJBfHav

— Cardano Community (@Cardano) July 4, 2022

Similar to this, Cardano’s native assets increased 6.46% in June to reach 5.4 million. Cardano GitHub’s commits also soared to 13,0003 across all repositories, ranking Cardano as one of the most developed assets in the space.

The Vasil upgrade is projected to result in major performance and functionality enhancements for Cardano. Vasil enhancements range from improved script performance and efficiency combined with lower costs to increased throughput via diffusion pipelining.

The exchanges and SPOs need at least a minimum period of four weeks to test and upgrade, after the hard forking of the Cardano testnet, which puts the tentative date for the Cardano Vasil mainnet launch at the end of July.

ADA was up 3.10% at $0.46 at the time of publication.

• Crypto traders can now buy and sell shiba inu coin on trading app Public, the company said.
• Public added cryptocurrency trading to its platform earlier this month.
• Public users can trade multiple coins including bitcoin, ethereum, litecoin, and dogecoin.

Public, a retail trading app, added shiba inu coin to its list of cryptocurrencies users can buy and sell on the platform.

The trading app added cryptocurrencies to its platform earlier this month, allowing users to invest as little as a dollar in digital assets including bitcoin, ethereum, bitcoin cash, dogecoin, litecoin, and cardano, among others.

The latest addition comes as shiba inu coin, inspired by dogecoin and its namesake dog breed, has been on an epic rally this month, thanks in part to hype from Tesla Chief Executive Officer Elon Musk. Even as shiba inu coin has deleted several zeros from its decimal, it’s still worth just a fraction of a penny.

In an email to Insider, a spokesperson for Public said, “Because the prices of cryptos can be volatile in the short-term and tend to follow different patterns than stock market securities, Public will have Volatility Reminders on crypto pages to ensure investors can make their own decisions with context.”

Users who already activated crypto trading in the app can begin buying and selling the token, Public said, adding that any user can view the shiba inu page to learn more about it. Apex Crypto provides execution and custody services for the app’s crypto-trading feature, Insider reported previously.

Public, which launched in September 2019 as a more social investing app, has more than a million users and a market value of about $1.2 billion, according to the spokesperson. On its website, the firm says that it does not make money through payment for order flow, unlike rivals like Robinhood. It says eliminating PFOF from its business model in February was meant to align their interests with those of their users.