ETH On-Chain Surge Amid Price Lag
Key Questions
What recent on-chain activity highlights ETH's surge?
ETH recorded over 1.3M transfers and 2.37M transactions in 24 hours, with 346k new addresses. TVL reached $54B at 50% utilization. Tokenization holds $22.5B, or 71.9% market share.
Why is ETH price lagging despite high on-chain activity?
Price hovers around $2.2k while utility metrics surge, showing divergence. This signals potential cycle catch-up. Foundation's 5,000 ETH sale was planned treasury management, not market exit.
How does ETH's treasury strategy impact its outlook?
Co-founder Joe Lubin notes the strategy drives balance compared to holding Bitcoin. Sales like the recent 5,000 ETH cycle are part of treasury plans. On-chain surge supports long-term utility growth.
Record 1.3M+ transfers, 2.37M txns/24h, 346k new addresses, $54B TVL at 50% util; tokenization dominance $22.5B (71.9% share). Price ~$2.2k muted, signaling utility divergence for cycle catch-up.