Ethereum reclaims peak levels from 2021 in August on-chabin volume

Ethereum volumes expanded in August, showing robust on-chain ￰0￱ result coincided with a new all-time high for ETH and further expectations of scaling the $5,000 hurdle for the first ￰1￱ activity returned to levels not seen since 2021, showing the combination of value growth and on-chain ￰2￱ recent ETH rally also showed that the L1 was good enough for large-scale DeFi, with no serious gas spikes or ￰3￱ on-chain value reached the highest levels in 2025, with over 9.2M in monthly active users. |) August 29, 2025 At the same time, Wintermute has accumulated ETH with the potential to sell, and Binance has also placed millions of ETH orders within ￰4￱ on recent reports, the market absorbed up to $400M in ETH for the past few ￰5￱ may also see additional downside, as most of the liquidity is deployed below current prices.

Large-scale whale selling may lead to additional liquidations, erasing some of the net gains for ￰6￱ rise in activity is seen as a sign of retail ￰7￱ the past quarters, retail had almost abandoned ETH, while whales continued to accumulate. Now, Ethereum activity shows a shift in sentiment, with users returning to the most active ￰8￱ on gas usage, the Ethereum network carries simple ETH transfers, with USDT and USDC also in the top 3 smart ￰9￱ a whole, smart contract creation expanded for Ethereum in 2025, again recovering to activity levels of ￰10￱ time around, the smart contracts were tied to DeFi, and not to NFT or the launch of meme ￰11￱ activity boosts ETH market price As ETH showed robust results, the price stabilized around $4,350.16, based on robust ￰12￱ recovered above 0.040 BTC, retaining its momentum while BTC showed ￰13￱ on the monthly performance to date, ETH is on track to end August with a net gain for the first time in three ￰14￱ the month to date, ETH gained over 17%, despite short-term volatility and ￰15￱ is also showing signs of ongoing whale accumulation, with a mix of selling at the peak and re-buying at lower ￰16￱ also has an ongoing interest in ETF buying for the whole of 2025, as Cryptopolitan previously ￰17￱ Ethereum chain has now evolved to carry a different type of traffic, mostly removing NFT and play-to-earn ￰18￱ also showed that the network was not cannibalized by L2 chains or abandoned for cheaper L1 networks like Solana and BNB ￰19￱ only thing that kept users away was the lack of liquidity and DeFi ￰20￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites