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Ethereum Network Activity Hits All-Time High as Price Lags Far Behind
A large share of the recent activity increase is coming from Layer-2 networks settling transactions back on Ethereum. Ethereum (ETH) recorded its highest level of on-chain usage on December 24, 2025, even as its price hovered near $3,000 and struggled to regain recent highs. The split between record network demand and muted price action has...
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