PANews reported on January 29 that with the growth of institutional and DeFi interest, the number of active addresses on the Ethereum network increased by 37% to 575,000 from the three-month low of 420,000 in November last year. In addition, its daily transaction volume increased from a 12-month low of 1 million to 1.3 million.

In the DeFi space, Uniswap maintains its leading position among DEXs with a 22% market share and processes nearly $1 billion in daily trading volume.

However, Ethereum network fees continued to trend downward, with fees generated in 24 hours at $2.22 million, down from nearly $4 million in December 2024.