Ethereum network activity dominates, ETH price rises

CryptoWorld News: Ethereum (ETH) remains the leader among blockchain networks in terms of network activity. According to Artemis’ fee analysis of major chains over the past 24 hours, Ethereum is far ahead of the competition. Transaction volume on the Ethereum network reached 3.6 million transactions on April 28, returning to a 12-month high. Although ETH prices have been trading at an approximately 8% discount over the past four weeks, they still held roughly a 7% gain from the April opening price. April’s performance signals that the market is recovering after six consecutive months of declines in ETH prices. Despite the strong performance in April, demand cooled significantly in the final week, and some investors began taking profits. Meanwhile, Ethereum ETFs registered $87.8 million in outflows on Wednesday—marking the third consecutive day of outflows—and total outflows reached $160 million. Even so, Ethereum’s leading position in activity may still support its long-term healthy outlook.