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Ethereum network activity hits near-record highs despite 3.5% price drop amid geopolitical tensions

Protocol Fundamentals
02 Apr 2026
BeInCrypto
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Neutral
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Ethereum's price fell 3.5% to around $2,047 due to geopolitical tensions, but its network activity remains robust with daily active addresses near 788,000 and 255,000 new addresses joining daily. Ethereum's decentralized exchange (DEX) market share rose from 33% to 42% since January, driven by Layer 2 networks, while exchange-held ETH dropped to 11%, indicating strong accumulation by holders. This suggests sustained user engagement and confidence despite short-term price weakness, though future price recovery depends on broader macroeconomic factors including geopolitical developments.

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