Ethereum is not dead, and the whale is still dancing! ! ! In Q1 2025, the Ethereum Eco-App contributed a total of more than US$1 billion in handling fee revenue, with the majority of which comes from DEX and aggregators. Although the transaction costs on the main network have dropped, incurring only $176 million in Gas fees, whales still prefer to operate on the ETH main chain, leaving a large number of on-chain footprints. In contrast, retail investors choose more to "work and exchange coins" networks with lower Gas such as Solana and BNB chains. But this does not mean that Ethereum is out of favor - core protocols such as Uniswap, 1inch, and CowSwap are still active, and even trading robots like Banana Gun have a place. Data shows that Ethereum DEX transaction volume accounts for 46.9% of all EVM-compatible chains, and WETH and stablecoins are still popular. Uniswap V4, Tether contracts, etc. have become the number one source of gas consumption. Although ETH once had a historically low gas fee in March, high-frequency interactive applications still contributed considerable amount of destruction. The number of active addresses on the chain remains at an average of 400,000 per day, and the traffic is not high, but the liquidity is still stable. The whale and high-frequency traders are still supporting all this. Currently, the annual inflation rate of ETH is about 0.7%, with more than 16,000 new coins per week. Although the handling fee recycling is limited and most of the income flows to the project vault or developers, at least one proves: ETH is still beating and the ecosystem is still hot. #ETH #baby #ORCA #CPI data is coming #Binance voting currency $ETH $VIDT $SPELL