Ethereum Leads with 8.7% User Growth and $23.4B DeFi Volume in One Week
Ethereum has solidified its position as the top public blockchain, with the highest weekly growth in active users.
Quick overview
- Ethereum has emerged as the leading public blockchain, with an 8.7% increase in active users from July 20 to July 27.
- In decentralized finance, Ethereum recorded $23.4 billion in DEX trading volume, ranking second only to BNB Chain.
- Institutional interest in Ethereum is growing, highlighted by CME futures open interest reaching an all-time high of $7.85 billion.
- Ethereum's price has surged 50% recently, driven by institutional buying and strong on-chain activity.
Ethereum has solidified its position as the top public blockchain, with the highest weekly growth in active users. From July 20 to July 27, Ethereum’s active address count increased by 8.7% according to Nansen. That’s way ahead of Solana’s 1.9% growth.
To go along with that, Ethereum is also doing well in decentralized finance (DeFi). With $23.4 billion in DEX trading volume, Ethereum was second only to BNB Chain which had $39.3 billion. That’s Ethereum’s continued relevance in core DeFi infrastructure even as other layer-1 chains gain traction.
These usage patterns point to Ethereum being the go-to network for both developers and users of decentralized applications. As DeFi, staking and tokenized assets grow, Ethereum is the foundation for innovation.
Institutional Demand Fuels Ethereum’s Momentum
Ethereum is getting more love from institutions. On July 27, CME Ethereum futures open interest hit an all-time high of $7.85 billion. That’s more exposure from professional traders and funds.
The launch of The Ether Machine, a new publicly traded entity, also marks a new way for institutions to enter Ethereum markets. Backed by 400,000 ETH and $1.6 billion in capital, the company will generate returns through staking and DeFi yields.
And SharpLink Gaming just transferred $145 million in USDC to Galaxy Digital’s OTC desk to buy 42,788 ETH. Now worth $159 million. That’s Ethereum’s growing presence in institutional portfolios.
Key Institutional Highlights:
- CME ETH futures open interest: $7.85B
- The Ether Machine launch: 400K ETH, $1.6B backing
- SharpLink Gaming ETH buy: 42,788 ETH
Ethereum (ETH/USD) Price Rises with Accumulation
Ethereum’s price has followed on-chain strength, up 50% in the last few weeks and 4% to $3,740 after major institutional buying. Analysts see $4,000 as the next resistance, with ETF inflows and whale wallet accumulation driving the narrative.Since July 9, 8 new wallets have bought 583,248 ETH worth $2.17B. Some are projecting $9,000 by 2026 but current momentum is based on real world use cases – staking infrastructure to decentralized apps.
Publicly traded companies like BitDigital and BitMine Immersion Technologies are adding to ETH exposure. Ethereum is not just leading on-chain metrics, it’s becoming an institutional asset.
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