• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    Why Did Bitcoin and Crypto Dump Today?

    2025-07-23

    Historic Crypto Approval = New Bitcoin High Soon

    2025-07-22

    Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

    2025-07-22

    Salty No-Coiner Hates Bitcoin

    2025-07-22
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Is Ethereum’s on-chain activity closing in on its ATH?
Altcoins

Is Ethereum’s on-chain activity closing in on its ATH?

2023-09-15No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 15, 2023

  • Transactions on the blockchain spiked as ETH’s trading volume fell.
  • Network growth also decreased as ETH held on to the $1,600 region.

Ten months after FTX collapsed, the exchange was on the lips of many players in the market again, as the court approved the liquidation of a sizable part of its assets. This reappearance ensured that the social volume and dominance around FTX jumped.


Read Ethereum’s [ETH] Price Prediction 2023-2024


ETH takes second place

However, according to Santiment, conversations surrounding FTX were not the only metric that rose. Interestingly, Ethereum’s [ETH] on-chain activity also reached its second-highest ever in history on 14 September.

🧐 Conversations related to #FTX have hit a 5-month high after the exchange received approval to liquidate $3.4B in #crypto. #Ethereum, in particular, has seen odd #onchain activity since, including its 2nd largest activity day of all time yesterday. https://t.co/fFXYKicnMx pic.twitter.com/lnrqYW9hmy

— Santiment (@santimentfeed) September 14, 2023

As the name suggests, on-chain activity refers to blockchain transactions that exist and have been verified by validators or miners. Although on-chain activity increased, the daily trading volume of ETH fell.

At press time, Santiment showed that Ethereum’s trading volume was down to 4.73 billion. The trading volume is a different metric from on-chain volume, in the sense that the trading volume only considers transactions on exchanges.

However, on-chain volume measures transactions involving external wallets. Therefore, the decrease in trading volume means that most of the activity on Ethereum occurred outside the shores of exchanges.

ETH price and Ethereum trading volume

Source: Santiment

To buttress the on-chain activity point, active addresses was one metric to go to. Active addresses show the number of unique addresses involved in transactions daily. In tracking this data, this metric indicates the daily level of crowd interaction (or speculation) with a token.

See also  DOGE Signals Fresh Rally If It Clears 100 SMA

As of 14 September, there were over 1.1 million active addresses on the Ethereum blockchain. This meant that a lot of distinct addresses participated in the transfer of assets over the network.

Overlooked by the new entrants

Unfortunately, the rise in active addresses could not save Ethereum’s network growth from a notable fall. At the time of writing, the network growth was down to 27,500. Network growth measures the number of new addresses interacting with a network.

Ethereum network growth and active addresses

Source: Santiment

Therefore, the chart above means new addresses were not the main players in the rise in on-chain activity. The decrease also means that user adoption of ETH was very low. For ETH, the increase in network activity did not do much to change its price action.


Is your portfolio green? Check out the ETH Profit Calculator


At press time, ETH’s price was $1,627, similar to what it was at the beginning of the week. Also, it is also interesting to see that the FUD around ETH, being one of the cryptocurrencies listed for FTX liquidation, has failed to materialize into a price plunge.

However, market participants may need to watch out for the timeframe FTX sets for liquidation. As it stood at press time, it was likely that ETH would continue to consolidate around $1,600.

activity ATH Closing Ethereums OnChain
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP trading volume soars as new ATH attracts deepfake scam targeting investors

2025-07-18

Bitcoin Is About To Make History Again (ATH SOON)

2025-07-03

Why Bitcoin is So Strong | New ATH Coming

2025-05-22

Bitcoin ATH Countdown: Record Price Breakout Imminent

2025-05-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Bitcoin Indicator Signals PARABOLIC Bull Run

2024-04-23

Today, let’s look at Bitcoin and this major buy signal. Bitunix Crypto Exchange w/ No…

Videos

Why NOW is the Time to Buy Bitcoin

2023-03-15

Today let’s talk about Bitcoin, Crypto and the US Market. With all the bank failures,…

Altcoins

Bitcoin [BTC]: As market hits ‘transition phase,’ here are the things to look out for

2023-03-07

On-chain data revealed that BTC’s ongoing performance is hinting at an imminent bear market end…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Historic Crypto Approval = New Bitcoin High Soon

2025-07-22
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,608.51
ethereum
Ethereum (ETH) $ 3,742.53
xrp
XRP (XRP) $ 3.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 783.86
solana
Solana (SOL) $ 186.19
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.236432
staked-ether
Lido Staked Ether (STETH) $ 3,738.07
tron
TRON (TRX) $ 0.317672
bitcoin
Bitcoin (BTC) $ 117,608.51
ethereum
Ethereum (ETH) $ 3,742.53
xrp
XRP (XRP) $ 3.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 783.86
solana
Solana (SOL) $ 186.19
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.236432
staked-ether
Lido Staked Ether (STETH) $ 3,738.07
tron
TRON (TRX) $ 0.317672