ETH Supply Tightens as On-Chain Activity Hits Yearly Highs

TL;DR

• Ethereum active addresses hit 674K, signaling growing network adoption and renewed on-chain participation.
• EIP-1559 continues burning ETH, keeping net emissions near zero and tightening overall token supply.
• Support zones at $3,200–$3,350 and $2,950–$3,050 could spark a rebound toward $4,000.

Rising Network Usage and On-Chain Growth

Ethereum (ETH) is recording higher on-chain activity, with daily transactions reaching the highest level in over a year. According to analyst Cas Abb, the number of active and new wallet addresses is rising, as more people are joining the network. This is an indication of actual adoption and increasing network demand, and not speculation in the short-term market.