Don't be fooled by the market - although the price of ETH is sluggish, the economic activity on the chain is still booming.
In the first quarter of 2025, Ethereum ecological application revenue exceeded US$1 billion, directly crushing the main chain itself's 176 million handling fee income, exceeding 5 times the gap!
This is not a flash in the pan:
Compared with the same period in 2024, application revenue was almost the same;
It directly doubled compared to the $500 million in the bear market period from 2022 to 2023;
Although it is not as good as the 2 billion yuan at the peak of the bull market in 2021, it still performs firmly.
Where does the key contribution come from?
The answer is still familiar old faces: DEX aggregators such as Uniswap, 1inch, CowSwap, etc., and the trading robot Banana Gun is not idle either. Although Bot on ETH is slightly less popular than SOL, large-scale capital operations still favor this "high net worth chain"
It is worth noting:
Although the average daily handling fee of Ethereum L1 has been as low as US$100,000, it has recently rebounded to 1.4 million;
Currently, the daily active address is about 400,000. Although it is not amazing, it is a stable disk for core DeFi users;
In the entire EVM ecosystem, ETH accounts for nearly 47% of the trading volume, and liquidity is still the king.
so--
Although ETH is still struggling around 1,500, and the market was even worried that it would exceed 1,000, the real activity on the chain and the revenue from the application layer have given enough signals:
The foundation is still there, the popularity remains unabated, the whale has not left, and ETH is not dead yet!
What do you think of this wave of data? Is it the eve of the rebound or "dead without being stiff"? Welcome to put your opinions in the comment area and explain them together.
#CPI data is coming #encryption market rebound #xrp #BETA #TROY $ETH $BNB $SOL
