Ethereum (CRYPTO: ETH) recorded all-time highs in users, transactions and throughput during Q1, even as its market capitalization, trading activity and fee generation declined amid broader crypto market weakness.
Activity Surge, But Financial Metrics Dive
Ethereum’s network delivered record levels of usage during the quarter, with monthly active users, transaction counts and throughput reaching new highs, the Token Terminal Q1 ecosystem report stated on June 18.
ETH holder addresses rose 8.1% over prior quarter, while 25% from prior year quarter, suggesting ownership continued broadening despite the market downturn.
The growth came as ETH continued to cement its position as the leading blockchain for tokenized assets, stablecoins and on-chain financial applications.
The report highlighted several key developments during the quarter, including the rollout of …
