Ethereum Weekly Activity Drops 19.34% Despite Long-Term Growth

Ethereum's on-chain environment has seen a significant surge in weekly activity, with 13.2 million active addresses recorded. This figure, however, represents a 19.34% decrease from the previous week. The long-term trend, spanning from 2022 to mid-2025, shows a steady increase in weekly user activity, with the most active periods reported in the second quarter of 2025.

Despite the recent decline, the overall trend in multi-chain activity remains positive. Active addresses spanning multiple chains in Ethereum decreased by 2.96% to 736,453 users. This decline is minor compared to the overall growth since mid-2023, indicating that users are still spreading their interactions across Layer 2 and other Ethereum-compatible chains.

Layer 2 engagement, a crucial component of the Ethereum ecosystem, experienced a sharper short-term decline. The Layer 2 multiplier fell to 5.04x, down 24.83% from the previous week. This metric tracks the volume of interactions occurring on Layer 2 relative to the base layer. While this suggests a cooldown in Layer 2 usage during the week, it follows a sustained period of exponential growth. Previous months showed rising dependency on Layer 2 networks as user demand pushed for lower fees and faster transactions. Despite the temporary pullback, recent activity still exceeds average usage observed throughout 2023.

At the time of reporting, Ethereum trades at $2,459.46 with a marginal 0.2% price dip over the past 24 hours. The current support level sits at $2,402.46, while immediate resistance remains at $2,465.80. Despite subdued price action, user activity continues climbing. This pattern separates hype from actual usage trends within the network. Weekly data confirms higher address counts than at any time in the past three years, particularly during Q2 2025. Engagement has grown substantially over time, offering a quantifiable snapshot of Ethereum’s evolving ecosystem, based strictly on address-level interactions.