Everyone’s staring at $ETH price Almost no one is looking at what’s actually happening on the network Ethereum is doing around 2M transactions a day on L1! About 700K to 900K addresses active daily Blocks are full most of the time That’s real usage Ethereum isn’t trying to be fast or cheap anymore. That moved to L2s Ethereum just sits underneath, settling everything and keeping it secure As L2 activity grows, more data goes back to Ethereum. More fees, more $ETH burned. Meanwhile 25%+ of supply is staked and not really moving Price will do whatever it does But the chain looks busy Just an observation Happy Monday! 💙
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