Decentralized App Activity on Ethereum Set for Record Year Despite Competition
Crypto analytics firm DappRadar forecasts sustained user engagement amid rise of layer-2 alternatives.
Block驗證 Chain analytics provider DappRadar suggests Ethereum-based decentralized application (DApp) activity is primed to eclipse 2024 figures, despite confrontatioanls competition from speedier and less costly blockchain alternatives, the firm revealed.
Ethereum Usage Patterns
DappRadar analyst Sara Gherghelas highlighted the 2021 bull market peak for Ethereum interaction, noting it was marked by unprecedented levels of unique wallets and transactions. However, user engagement subsequently tapered, before stabilizing in 2023 and 2024 through interest in non-fungible tokens (NFTs), layer-2 solutions, and innovative DeFi protocols.
“2025 appears on track to match or even surpass 2024, suggesting that the current market momentum might be sustainable,” Gherghelas was quoted as saying. She emphasized Ethereum’s “cornerstone” status in Web3, especially within DeFi and NFT sectors.
Historic Metrics
DappRadar reports tracking over 234 million unique active wallets engaging with Ethereum DApps to date, primarily driven by DeFi applications. Gaming follows as the second most popular category, trailed by NFTs.
Coinciding with this traffic, the platform states it has documented over 452 million DApp-related transactions on Ethereum.
Market Sentiment
Some analysts point to elevated futures open interest (reportedly hitting a record $58 billion on Tuesday) and rising network engagement as positive signals for potential ETH price growth. Conversely, concerns include soaring wrapped ether (wETH) borrowing costs and technical indicators signaling possible overvaluation.
Nansen data indicates Ether’s price has increased 5.8% over the last seven days, trading near $3,862 within a $3,530-$3,933 range.
Treasury Reserves
Corporate entities are increasingly allocating significant portions of their treasury assets to Ethereum. DappRadar data shows 65 companies hold a collective 2.73 million ETH, comprising roughly 2.26% of the total supply (valued at approximately $10.56 billion). BitMine leads this category.
Analysts like David Grider suggest this accumulation could positively influence Ether’s price dynamics, drawing parallels to MicroStrategy’s impact on Bitcoin.
