🎂 Today marks the 10th birthday of Ethereum! We have put together a thread that covers some of the major metrics we recommend watching, as the #2 market cap continues its journey to recapture the coveted $4K market value and beyond.
🧵Thread below 👇
Ethereum's daily active addresses have been surging, marking its 2nd highest active day of the year with 680,670 wallets making at least one transfer. Higher utility typically equates to growing prices, over the long term.
The average returns of $ETH traders that have made at least one transfer in the past year sits at a whopping +38%. Meanwhile, average returns over the past month sits at +15%. Both of these are unusually high. This metric is better known as MVRV (Mean Value to Realized Value)
Whales have been significantly more active over the past couple of weeks compared to their normal activity past few years. By looking at transfers worth at least $100K, we see 14,628 individual whale transactions occurred this past Sunday, the 4th highest day of 2025.
Wallets holding between 10K and 100K are one of the main tiers of Ethereum holders that dictate the asset's price movement. To no surprise, they have been aggressively accumulating as $ETH has surged these past 3 months. In 3 weeks, they have added 1.55M more collective coins.
Ethereum's development activity has also grown over time. As the asset has innovated and improved, its ecosystem has grown significantly. The developers produce over 157 notable github events per day, 10th among all assets.
Over the past month, Ethereum's narratives have ranged from price predictions to mass adoption to how it has been impacted by tariffs. This data map plots some of the major contexts behind the ongoing daily conversations about $ETH right now.
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