Ethereum On-Chain Activity Broadens: A Steady Growth In User Base Despite Market Volatility

Ethereum’s network activity seems to be moving in an opposite direction to its current price performance. While the price of ETH has been experiencing waning action in recent days, the leading network has continued to attract notable participation and usage within the broader cryptocurrency landscape.

User Base On Ethereum Keeps Expanding

Even in a volatile crypto and macro environment, the Ethereum network has managed to maintain an upside trajectory. Once again, the network is showing quiet but significant expansion while the price of ETH persistently struggles to post another notable upward movement.

A report from Coin Bureau reveals that behind the day-to-day price fluctuations, there is a steady rise in network activity. The rise in network activity is driven by an expanding user base, signaling that participation across the ETH ecosystem is deepening rather than fading.

According to the expert, Ethereum‘s user base is still expanding as the number of active addresses on the network is continuously increasing. Data shows that the overall number of active addresses has surpassed the 275 million landmark. This steady rise in active addresses coincides with ongoing market volatility, making it a crucial development to watch in the upcoming days due to its potential to influence the market trajectory.

From Decentralized Finance (DeFi) and staking to Non-Fungible Tokens (NFTs )and Layer 2 activities, the expanding user base indicates that the foundations of ETH are still solid. Such resilience strengthens the network’s role as the foundation for the development of smart contract adoption.

ETH Network Activity Growth Reaches Untouched Levels

In 2025, the Ethereum network witnessed one of its sharpest growths in the past few years. As the year comes to an end, Leon Waidmann, a market expert and head of research at On-Chain Foundation, revealed that the ETH mainnet recently hit a new all-time high in network activity, underlining the blockchain’s relevance.

After months of steady growth, the leading network is now processing more transactions and computations than it has ever done since its existence. This level of processing power reflects a notable demand for application creation on the blockchain and a real user base.

Waidmann highlighted that layer 2s did not drain activity from Ethereum; instead, the projects expanded it, strengthening the network’s scalability. In addition, more economic activity is being settled on the blockchain than at any other time in its history, which paints a bullish 2026 for ETH and its expanding ecosystem.

As transaction counts rise and user engagement increases, the milestone indicates more than just short-term momentum. Meanwhile, this growth is shaping how the market views ETH’s current phase, which highlights a blockchain that is thriving despite evolving market conditions.

Despite recent waning price action, Milk Road still believes that ETH could close December in green even after one of its toughest quarters in recent years. Milk Road prediction is supported by the fact that some of ETH’s strongest months and rebound quarters have occurred following periods of heavy quarterly selling.

Thus, December ending on a positive note is possible. However, the more noteworthy question is what comes after. In the past, periods like these have often served as the reset period prior to strong recovery efforts.