Ethereum activity may top 2024 as it stays key to DeFi, NFTs: DappRadar
DappRadar analyst Sara Gherghelas said 2025 Ethereum DApp activity appears on track to match or even surpass 2024, “suggesting that the current market momentum might be sustainable.”
Decentralized application activity on the Ethereum blockchain could be on track to match or surpass last year despite growing competition from “faster and cheaper” alternatives, according to blockchain analytics platform DappRadar.
Peak adoption on Ethereum was in 2021, coinciding with the height of the last bull run, and was also the year with the “highest number of unique wallets and the most transactions on Ethereum,” DappRadar analyst Sara Gherghelas said in the report published on Wednesday.
Activity cooled off after, but 2023 and 2024 saw consistent levels of engagement through renewed interest in non-fungible tokens (NFT), layer 2 ecosystems, and experimental DeFi protocols, according to Gherghelas.