Ethereum Ecosystem Hits 10 Million Active Wallets Weekly: Will It 10X In The Next Bull Run?
Summary
- Ethereum ecosystem sees over 10 million active wallets, excluding Ordinals-related addresses. - Dencun Upgrade in mid-March 2024 addressed scalability and gas fee challenges. - Analyst predicts active wallets to expand from 10 million to 100 million in the upcoming bull cycle. - Dencun uses "blobs" to store data, making layer-2 transactions using rollups cheaper. - TVL across layer-2 and DeFi protocols is rising, with top platforms managing over $39 billion in assets. - Ethereum may face challenges in scaling efficiently and rising gas fees in the next bull run. - Despite challenges, Ethereum supporters remain positive about the ecosystem's growth.
