Ethereum Network Hits New Weekly Address Highs as Tron Dominates Social Chatter
Ethereum network activity is surging, with Santiment reporting 800,000–1,000,000 new ETH addresses created weekly—about 33% more than at this time last year. This uptick underscores Ethereum’s network growth, even as ETH trades around $2,421, down over 3.5% in the past 24 hours. Meanwhile, rival layer-1 project Tron (TRX) is commanding social media attention thanks to its deflationary tokenomics, staking options via Tronscan and TronLink, and heavy stablecoin (USDT) transaction volume. Discussions also touch on Tron’s expanding DeFi, NFT and dApp ecosystems, potential NASDAQ listing, and a $210 million reverse merger drawing institutional interest. Traders should note Ethereum’s robust on-chain fundamentals as a bullish sign, while social momentum around Tron may influence short-term capital flows.
Bullish
Ethereum’s weekly address growth—up 33% year-over-year—signals rising network adoption, historically preceding sustained price rallies. Santiment’s data highlights improving fundamentals despite a short-term 3.5% ETH price dip. Concurrently, Tron’s social media momentum underscores shifting trader interest but does not diminish Ethereum’s on-chain strength. In the short term, ETH may consolidate as attention on TRX grows, yet robust network utility and expanding use cases point to a bullish medium- to long-term outlook.