Ethereum reaches 19.45M active addresses in August, nearing 2021 peak levels

Ethereum user activity reportedly surged in August, reaching levels not seen since the peak levels of ￰0￱ activity coincided with a resurgence in non-fungible token (NFT) activity to the highest level since ￰1￱ reportedly reached its highest level of monthly active addresses in years — 19.45 million unique addresses in August ￰2￱ active addresses measure how many unique wallets interact with the Ethereum blockchain within a given month and capture all kinds of activity in the network, including transfers, DeFi, NFTs, and ￰3￱ network activity set new records in August 2025.) and L2 networks, which is proof of increased adoption and utility beyond speculative ￰4￱ volume only saw a notable uptick last month, suggesting growing engagement with decentralized applications (dApps), decentralized finance (DeFi), and ￰5￱ NFTs back?

The NFT market has not been the same since the 2021 ￰6￱ then, trading volumes have dropped, collections lost momentum, and bag holders have become the butt of some witty ￰7￱ Čepulis, Founder and CEO of LuvKaizen, is one of those who refuse to believe the NFT season will never return or be what it once ￰8￱ believes they are still relevant as they tap into powerful emotional and social ￰9￱ cited examples of projects like Pudgy Penguins that have grown into big brands as proof that the space is simply evolving, not going ￰10￱ to data from NFTPulse, the number of active NFT users across blockchains has nearly doubled since early ￰11￱ on Ethereum (ETH) have also seen renewed momentum as they have surpassed Solana in NFT user count since June, a feat that may possibly be linked to Pudgy Penguins’ presence on Abstract, an Ethereum ￰12￱ from ￰13￱ also confirms that ETH NFTs have been increasing in sales since April, peaking last month at $285.6 million with over 1.5 million ￰14￱ global NFT market size in 2025 is currently estimated at $49–61 billion, and reports claim Ethereum powers up to 62% of all the NFT ￰15￱ are NFTs back?

In a way, they never left but the market has ￰16￱ the 2021-2022 NFT craze, which was driven mostly by speculation, the current trend has seen the market favor utility-based NFTs, like those linked with gaming and DeFi, over vibe-based projects with nothing to offer other than ￰17￱ up to $30,050 in trading rewards when you join Bybit today