- Alas! Ethereum’s user activity has plummeted to the depths of 2025, a sign of dwindling demand and the specter of inflation lurking about.
- With feeble on-chain metrics and a horde of sprightly competitors, one must ponder: is Ethereum still the king of the blockchain hill?
Oh dear! The user activity on the Ethereum [ETH] network is slipping like a clumsy dancer, casting a gloomy shadow over the once-mighty Layer-1 blockchain.
Just recently, ETH’s daily active addresses and the creation of new wallets have reached their nadir in 2025. This decline, my friends, is a clear indication of reduced on-chain engagement. 🎭
As Ethereum’s user metrics tumble, one cannot help but fret over its ability to maintain its regal status. Faster and cheaper rivals are sharpening their swords, ready to challenge Ethereum’s throne!
Ethereum’s on-chain metrics sink as network demand dwindles
Oh la la! Ethereum finds itself in a most unfortunate predicament, with key network indicators sinking to their lowest levels this year. What a tragedy!
On the 16th of March, the number of active addresses engaging in ETH transactions fell to a mere 361,078, the lowest daily count recorded thus far. Mon dieu!
This steep decline highlights a weakening on-chain engagement, a metric that is as vital as a good soufflé to a French chef, closely tied to transactional demand and fee generation.
The drop in active usage means less ETH is being burned through gas fees, thus increasing the asset’s inflationary pressure. A weaker deflationary narrative may very well erode investor confidence faster than a house of cards! 🃏
New wallet creation has also taken a nosedive. On Sunday, a paltry 86,539 new ETH addresses were birthed, the lowest this year. What a sad affair!
This trend reflects a decline in speculative interest and a reduction in organic onboarding to the Ethereum network. Oh, the humanity!
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Meanwhile, the MACD indicator is attempting a bullish crossover; however, it remains deep in negative territory. This suggests that any recovery might be as fleeting as a summer romance unless supported by stronger trading volume. 💔
Following the early March sell-off, Ethereum’s price action has been mostly sideways, with temporary stability just above $1,850. A most precarious position!
If the bulls do not reclaim the $2,000 level soon, Ethereum could face further declines. Additionally, muted broader market sentiment and weak on
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2025-03-18 23:06