Ethereum News Today: Nexchain Presale Hits $7.9M as Ethereum Activity Rises 9% Weekly

The crypto market is showing renewed signs of momentum, with Nexchain's presale gaining traction and Ethereum experiencing a surge in network activity. Nexchain (NEX) has entered stage 24 of its token presale, having raised $7.9 million in the past week. Each NEX token is currently priced at $0.096, with the projected listing price set at $0.30. The platform has implemented a structured supply model, allocating 20% of tokens for public sale, 17% for treasury reserves, and 15% for the ecosystem. Additional allocations include 10% for the team, with the remaining distributed across liquidity, private sales, rewards, and marketing, while 6% is reserved for token burns. The project has also launched an airdrop campaign and resolved technical issues on its website to enhance user engagement [1].

Nexchain is advancing its development roadmap, with plans for the testnet launch and the eventual release of Nexpolia—a platform designed to support blockchain exploration, token launches, and custom smart contract deployment. The project also aims to integrate a developer SDK for its AI Oracle Network and establish bridge support for major testnets. Nexchain's applications are expected to span industries such as finance, healthcare, supply chains, IoT, content monetization, and government administration [1].

Simultaneously, Ethereum has seen a notable increase in on-chain activity. The network has recorded over 674,000 active wallet addresses, indicating heightened user engagement. Daily transaction volumes have also reached their highest level in over a year, a trend historically observed during bullish market phases. This growth is supported by Ethereum’s EIP-1559 mechanism, which burns a portion of transaction fees, resulting in near-zero net token emissions and maintaining a tight supply. Institutional interest remains strong, as Ethereum ETFs reported $154.3 million in inflows during the past week [1].

At the time of reporting, Ethereum was trading at around $3,550, with a 24-hour trading volume of approximately $20 billion. The price had increased by 3% in the last day, though it still faced a weekly decline of 9%. The combination of rising network usage and ongoing supply tightening could provide a supportive backdrop for further price movement [1].

Investors interested in participating in the Nexchain presale can join through the official website by connecting a compatible wallet and selecting a supported payment method, including BTC, ETH, or USDT. Tokens are credited directly to the user's dashboard balance upon completion of the transaction. Nexchain emphasizes real-world utility and token functionality, aiming to support industries that require secure and transparent data management [1].

The recent developments suggest a more dynamic environment in the crypto market, with both emerging projects and established networks attracting greater attention and participation. As new participants and institutional capital continue to flow into the sector, the conditions for sustained activity and potential price growth appear to be strengthening [1].

Source: [1] Crypto Rally Setup? Nexchain Gains, ETH Addresses Surge High (https://coinmarketcap.com/community/articles/68921d96c8d0247f47f33c31/)