Ethereum News Today: Ethereum DApp Activity Surpasses 2024 as DeFi and NFTs Drive Growth

Ethereum-based decentralized application (DApp) activity is on track to match or even surpass levels seen in 2024, according to blockchain analytics firm DappRadar. The platform's continued dominance in the decentralized finance (DeFi) and non-fungible token (NFT) sectors highlights its enduring relevance despite increasing competition from alternative blockchains. Over the past decade, Ethereum has recorded more than 234 million unique active wallets and over 452 million DApp-related transactions, with DeFi leading in both categories followed by NFTs and gaming [1].

DappRadar analyst Sara Gherghelas noted that while adoption peaked in 2021, activity has remained steady in 2023 and 2024 due to renewed interest in NFTs, layer 2 solutions, and experimental DeFi protocols. According to the report, Ethereum remains a "cornerstone of Web3," particularly in high-value segments such as DeFi and NFTs. The analyst also suggested that 2025 could see even stronger engagement, reinforcing Ethereum’s foundational role in the broader DApp ecosystem [1].

The continued dominance of Ethereum can be attributed to its established infrastructure, strong developer community, and ongoing upgrades such as the transition to a proof-of-stake consensus model, which has improved scalability and energy efficiency. Many of the leading DeFi platforms and NFT marketplaces operate on Ethereum, contributing significantly to its transaction volume and user activity [1].

In parallel, Ethereum’s price has shown signs of potential breakout, supported by a record high of $58 billion in futures open interest and a 7.2% rise in network activity over the past 30 days. However, some analysts remain cautious, pointing to the rising cost of borrowing wrapped Ether (wETH) and mixed technical indicators suggesting overvaluation. Recent price action has seen Ether trading between $3,530 and $3,933 over the last seven days, with a 5.8% increase to $3,862 [1].

Corporate adoption is also on the rise, with over 2.73 million ETH (2.26% of total supply) now held in strategic reserves managed by treasury firms. This growing institutional interest is seen as potentially supportive for Ethereum’s price trajectory, with venture capitalist David Grider comparing its impact to that of MicroStrategy’s Bitcoin strategy [1].

While the outlook for Ethereum’s DApp activity in 2025 is optimistic, it remains speculative and subject to market conditions and technological advancements. The data underscores Ethereum’s resilience and adaptability, as it continues to outperform alternatives in key metrics. As the crypto landscape evolves, Ethereum’s focus on security, decentralization, and ecosystem development has allowed it to maintain its leadership position in the DeFi and NFT markets [1].

Source:

[1] Cointelegraph – Ethereum DApp Growth, Treasury Holdings, ETH Price Momentum

https://cointelegraph.com/news/ethereum-dapp-growth-treasury-holdings-eth-price-momentum