According to KookCapitalLLC, Ethereum (ETH) is capturing significant inflows due to the recent approval of spot Ethereum ETFs in the US, which has increased institutional interest and trading volume. On-chain data from Glassnode confirms a surge in large transactions and exchange inflows, indicating heightened accumulation by institutions and whales. Furthermore, the sustained growth of DeFi applications and Ethereum’s role in powering leading Layer 2 networks are further driving demand. These factors are leading traders to reposition portfolios to capitalize on ETH’s rising market dominance and improved liquidity (Source: KookCapitalLLC, Glassnode, Bloomberg).

According to IntoTheBlock, Ethereum has surpassed 5 million active addresses across its mainnet and leading Layer 2 networks. This milestone positions Ethereum as the leading Layer 1 asset, significantly outpacing its competitors in terms of user activity.

According to IntoTheBlock, a new webinar will explore the future of Layer 2 networks, focusing on app-specific rollups, new programming languages, and custom configurations. These innovations are pivotal in enhancing scalability for DeFi applications, offering traders insights into potential advancements in the crypto space.