Ethereum

🔎Ethereum’s usage is shifting—are we revaluing ETH’s utility? 

Key network metrics have plateaued:

- Staked ETH leveled out in mid-2024 after rapid growth.

- Daily active addresses (400.8K) & new addresses (96.4K) are stable but stagnating.

- Contract calls fell 5% in Q4 2024, despite 20.8% YoY growth.

- DeFi & MEV transactions declined, while token-token, wallet-wallet txns & stablecoin transfers increased.

Ethereum is evolving from a DeFi-driven network to one focused on staking & asset transfers.