Ethereum Active Addresses Surge 37% in 2025, Defying Market Downturn

Ethereum's active addresses have surged by 37% in early 2025, surpassing March 2024 highs, according to blockchain analytics firm IntoTheBlock. The network addresses soared to 670K last week, up from over 400K in March 2024. This upward trend suggests increasing adoption of the Ethereum network, despite the fact that a single entity can have multiple addresses.

Over the same period, Ethereum's total value locked (TVL) in DeFi projects jumped from $65 billion to $98 billion before retracting to $84 billion at press time. TVL measures the amount of capital locked within the DeFi ecosystem. Leading platforms such as Aave and Lido are responsible for the majority of Ethereum's TVL, collectively accounting for over $60 billion. Given that these platforms are well-regarded by institutional investors, it is plausible that significant entities are contributing to the rising network activity.

President Trump's World Liberty Finance (WLFI) has recently been a notable buyer of ETH. However, with ETH's recent 8% drop to $3,000, the firm now faces an unrealized loss amounting to $14.9 million. Despite this, Ethereum's price continues to defend the vital support level at $3,000, although it has retested this support multiple times, leading to concerns about a potential downside breach.

In conclusion, the recent metrics of Ethereum suggest a renewed interest from both retail and institutional investors, which could reshape its future trajectory. As the market dynamics shift, vigilance is essential for traders navigating the current landscape. Maintaining a close eye on key support levels, alongside developments in the broader DeFi ecosystem, will be crucial for making informed investment decisions.