- Ethereum’s new ATH of 889,300 users signals growing blockchain demand.
- Post-Fusaka upgrade boosts Ethereum’s scalability, attracting more network activity.
- Ethereum’s dominance in DeFi, stablecoins, and trading drives transaction surge.
Ethereum has achieved a remarkable milestone, with weekly active users reaching a new all-time high (ATH) of 889,300. This surge is driven by increased demand for its blockchain services, particularly in stablecoins, decentralized finance (DeFi), and on-chain trading.
According to blockchain advocate Joseph Young, this spike in users suggests a growing real demand for Ethereum’s network, far beyond speculative activity. These figures indicate a healthy, expanding ecosystem as more individuals interact with smart contracts and contribute to economic activity on-chain.
The rise in Ethereum’s transaction volume is largely attributed to its dominance in the stablecoin market. Major stablecoins like USDT, USDC, and DAI continue to rely heavily on Ethereum for settlement, alongside its layer-2 solutions. Furthermore, DeFi protocols, ranging from lending and staking to derivatives and yield farming, have also contributed significantly to Ethereum’s growing transaction counts.
With Ethereum remaining a core settlement layer for serious on-chain finance, it shows no signs of slowing down, despite facing increased competition in the space.
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Post-Fusaka Upgrade Fueling Ethereum’s Growth
Joseph Young notes that the Ethereum network’s scalability has dramatically improved post-Fusaka. This recent upgrade has enabled Ethereum to handle more users and transactions without compromising the network’s speed or security. As a result, Ethereum’s overall activity is increasing, signaling that the scaling roadmap is working as intended.
Moreover, Ethereum’s rise in transaction activity could signal an impending price rally. Currently priced at $3,138.34, Ethereum is making strides toward overcoming the $3,200 resistance level. As user confidence in the network grows, some believe Ethereum could soon break the $4,000 mark. Although Ethereum reached an ATH of $4,953.73 in August 2025, it has yet to breach the $5,000 threshold. However, with the surge in user activity and transaction volume, a quicker path to $4,000 seems increasingly likely.
Ethereum’s Position as a Core Player in Blockchain Finance
Ethereum’s success is not just a temporary trend; it reflects the growing shift towards blockchain technology in the finance and tech sectors. With the Fusaka upgrade and a substantial increase in network activity, Ethereum is positioning itself for further long-term growth.
As more users rely on Ethereum for stablecoin settlements and DeFi protocols, the blockchain is solidifying its role as a crucial infrastructure for decentralized finance. This continued adoption highlights Ethereum’s potential for sustained relevance and growth in the ever-expanding digital economy.
Ethereum’s success is not just a temporary trend; it reflects the growing shift towards blockchain technology in the finance and tech sectors. With the Fusaka upgrade and a substantial increase in network activity, Ethereum is positioning itself for further long-term growth. As more users rely on Ethereum for stablecoin settlements and DeFi protocols, the blockchain is solidifying its role as a crucial infrastructure for decentralized finance.
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