The Ethereum (The price of ETH) network has seen an increase in on-chain activity recently, with confirmed monthly activity at a record high (ATH).
Last week, the Ethereum network recorded about 22 million transactions, according to data from BlackWorks analyzed by Finbold on May 6. In this way, the blockchain registered its weekly ATH activity, showing the renewed natural demand for the leading intelligent ecosystem.
In the month of April, the Ethereum chain broke its previous record for the month of January 2026. After gradually increasing its volume in the month of February, the ETH network announced 72.83 million in April, its ATH.
The growing demand for Ethereum-based smart contracts among institutional investors has boosted blockchain activity. In addition, the network has attracted significant growth in the tokenization of real-world assets (RWA) and stablecoins. Over the past 30 days, the chain’s RWA transfer volume has risen 9.78% to $21.61 billion while stablecoin holders have risen nearly 2% to over 22.5 million, according to metrics from RWA.xyz.
The value of Ethereum returns to the increase of the activity on the chain
The popular chain development on Ethereum has recently fueled speculation. In addition, the increase in chain activity often leads to an increase in ETH, which is larger in the middle of the reduction of crypto exchanges in a short period of time, like Finbold in the past. report.
Over the past 30 days, the price of ETH has risen nearly 10%, trading at around $2,348 at press time. The altcoin market cap rose steadily to $283.6 billion on Wednesday.
A long-term increase in Ethereum’s value can encourage other returns and vice versa. Likewise, keeping an eye on this indicator can help traders determine what altcoins are capable of moving.
