Ethereum’s Network Is Booming, So Why Is ETH Still Underperforming?

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On-chain data shows Ethereum's network activity has surged to record highs, processing more transactions and DeFi activity than ever and signaling stronger adoption on-chain. However ETH has lagged materially in markets, trading below $2,000, and analysts say the growing disconnect between on-chain growth and token performance raises mixed implications for crypto investors and market impact.
On-chain data shows that the Ethereum blockchain has developed a lot in the past few years, currently processing more activity than ever before.
At the same time, the underlying asset has failed to benefit, as it continues to struggle below $2,000. One analyst believes this disconnect has become one of the biggest debates surrounding the altcoin and the network behind it.
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