Ethereum transactions are becoming more active.
The trading activity of Ethereum on decentralized exchanges (DEX) has become active, with the number of daily active users surging to about 64,000. This is a 73% increase from approximately 37,000 on May 4, marking the highest level in three months.
While the number of traders has increased, the monthly trading volume of Ethereum remains flat at approximately $15 billion (about ¥2.1665 trillion), indicating that it is largely driven by individual investors engaging in small-scale trades rather than institutional investors.
Historically, movements led by individual investors often precede the revitalization of the overall market, suggesting that the Ethereum market may accelerate in the future.
Ethereum is May 7