How can you leverage on-chain data analysis tools to gain insights into Ethereum network activity?

Discover how to leverage on-chain analytics tools to assess Ethereum network activity. Examine critical trends including over 1 million daily active addresses, weekly transaction volumes surpassing $100 billion, and significant concentration in token holdings, highlighting both the opportunities and challenges facing Ethereum as a mainstream blockchain platform.

Ethereum Daily Active Addresses Top 1 Million

In October 2025, the Ethereum network achieved a significant milestone, surpassing 1 million daily active addresses for the first time. On October 13, 2025 (UTC), data shows the Ethereum mainnet recorded 483,100 active addresses, with daily transactions exceeding 2 million. This surge has been largely fueled by the expansion of decentralized finance (DeFi) activity. Currently, daily transaction volume on Ethereum has stabilized between 1.6 and 1.7 million. To illustrate this rise in network activity, let's compare data from recent years:

Period Daily Active Addresses Daily Transaction Volume
September 2022 Approx. 450,000 Approx. 1.1 million
October 2025 Over 1 million 1.6–1.7 million

This marked increase not only signals robust growth within the Ethereum ecosystem but also cements its position as a mainstream blockchain platform. With the widespread adoption of Layer 2 solutions and upcoming Ethereum upgrades, network activity is expected to continue rising, paving the way for broader adoption in the future.

On-Chain Transaction Volume Breaks $100 Billion

The Ethereum network recently reached a key milestone, with weekly on-chain transaction volume breaking above $100 billion. This milestone not only highlights the strength of the Ethereum ecosystem but also demonstrates strong investor confidence in the network. Notably, last week, total large transfers exceeding $100,000 surpassed $100 billion, marking the highest value since 2021. This trend points to increased activity from institutional investors and whale accounts. For a clearer view of this trajectory, compare the following recent data:

Period Weekly On-Chain Transaction Volume Growth Rate
August 2023 $346 billion (monthly) Baseline
Most Recent Week Over $100 billion Approx. 15% week-over-week growth

This spike not only reflects the vitality of the Ethereum network but also suggests more capital could enter the crypto market. As institutional engagement grows and network upgrades advance, Ethereum's outlook remains highly promising.

Top 100 Addresses Control 25% of Supply

Ethereum's token distribution is highly concentrated—far more than the commonly cited 25%. Latest data reveals that the top 100 wallet addresses actually control over 52% of Ethereum’s total supply, underscoring a striking wealth imbalance in the ecosystem. To visualize this concentration, review the distribution by address size:

Address Range Share of Total Supply
Top 100 Addresses >52%
Top 200 Addresses >62.76%
Largest Single Address 59.28%

Notably, these large addresses are not solely controlled by individual investors—they include staking contracts, exchange liquidity pools, cross-chain bridges, and custodial funds. For example, the Beacon Chain deposit contract alone accounts for about 59.28% of total Ethereum supply. This level of concentration may raise concerns about the network’s decentralization, while also highlighting the significant influence institutional participation has on the Ethereum ecosystem.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.