BlockBeats News, February 2 — After experiencing a dip earlier on Monday, cryptocurrencies like Bitcoin, Ethereum, and Solana saw a mild rebound. Interestingly, Goldman Sachs pointed out that despite the weak price performance, on-chain activity paints a different picture, especially on the Ethereum and Solana networks:
· The daily average active addresses, new addresses, and transaction counts on the Ethereum network increased by +27.5%, +26.8%, and +36.0% respectively.
· The daily average active addresses and transaction counts on the Solana network increased by +24.3% and +8.2% respectively.
Ethereum’s daily new address count hit a new all-time high. In January, the average daily new addresses reached 427,000 — compared to 162,000 during the “DeFi Summer” of 2020. Currently, Ethereum has 1.2 million active addresses daily — based on a 7-day moving average, this is another all-time high.
Goldman Sachs also specifically noted that Ethereum’s current market capitalization has fallen below its realized market value (which is calculated based on the last on-chain transaction price per token, representing the total cost basis). This indicates that most ETH holders are currently at a loss.
Timothy Misir, Head of Research at digital asset analytics firm BRN, said: “For cryptocurrencies, the stability of ETF capital flows is a key signal to monitor. Without this support, a rebound is likely to be difficult to sustain.” (zerohedge)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Outshines Ethereum, Achieving Over 5 Billion DEX Transactions in the Last 3 Months
Solana has surpassed Ethereum in transaction volume and active addresses over the past three months, achieving over 5 billion DEX transactions. Despite leading in these metrics, Ethereum retains a higher total value locked.
Coinpedia10m ago
Ethereum Price: Analyst Flashes Major ‘Buy’ Signal, Rally to $2,600 Soon?
March 16, 2026 8:15 pm EDT
TheCoinRepublic49m ago
USDC Treasury mints 100 million USDC on the Ethereum blockchain
Gate News reported that on March 17, according to Whale Alert monitoring, USDC Treasury minted 100 million USDC on the Ethereum chain.
GateNews1h ago
Sharplink staking rewards last week: 493 ETH, with cumulative staking rewards reaching 15,464 ETH
Gate News reported that on March 17, Sharplink announced that since launching its Ethereum vault, it has accumulated 15,464 ETH in staking rewards through staking, valued at approximately $36 million at current prices. Sharplink stated that it earned over 493 ETH through staking last week, generating approximately $1.1 million in returns. The project stated that its held ETH will continue to generate more ETH through staking.
GateNews1h ago
