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One platform for global traditional assets
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The number of addresses is at a new high, but gas fees are not high, indicating that L2 is really working, the ecosystem is evolving, and the price has just temporarily not kept up.
Ethereum network activity continues to surge despite recent price weakness:
- Active Addresses have reached a new ATH above 550,000 daily
- This marks a strong bullish divergence from price action
As highlighted by on-chain analysts, this record network usage while price lags often signals potential undervaluation.