Ethereum Hits 17M Users, But ETH Price Stalls Below Resistance
The post Ethereum Hits 17M Users, But ETH Price Stalls Below Resistance appeared on BitcoinEthereumNews.com.
Ethereum hit 17.4 million weekly active addresses, up 16.95 percent in May 2025. ETH price trades below $2,588 EMA resistance, showing weak short-term momentum. User growth signals strong fundamentals but does not guarantee a new all-time high. In the final week of May 2025, Ethereum’s network saw its weekly user engagement reach a new all-time high, according to data from Growthepie. The data shows a record spike in the number of unique wallet addresses interacting with one or more chains within the Ethereum ecosystem. Ethereum Weekly Engagement. Source: Growthepie.com / X Weekly Active Addresses Top 17.4 Million; Layer 2 Networks Lead Growth During the last week of May 2025, the number of unique active addresses hit 17,409,932; a solid 16.95% increase compared to the previous week. The surge pushed Ethereum’s engagement level well above earlier peaks seen in late 2024 and early 2025. But while total engagement was up, multichain activity actually saw a 4.33% decline. The number of addresses interacting with multiple chains dropped to 590,403. This suggests that most of the engagement increase came from users interacting with a single chain rather than multiple layers. Layer 2 Networks Lead the Charge The data also shows Layer 2 (L2) dominance climbed by 18.43% in the same week, reaching a ratio of 7.55 times Layer 1 activity. This indicates strong momentum in Layer 2 Ethereum scaling solutions such as Optimism, Arbitrum, and Base. From early 2022 through May 2025, the chart shows steady growth in user engagement. While the Ethereum ecosystem had periods of plateau and decline in 2022 and early 2023, activity began rising steadily from mid-2023. Engagement accelerated sharply starting in early 2024 and culminated in the May 2025 high. This data reflects growing demand for decentralized applications (dApps), staking, token swaps, and Layer 2 rollups across the…
Filed under: News - @ June 6, 2025 5:26 am