Ethereum active addresses just broke out vs. Bitcoin
Since December, Ethereum has surged way past Bitcoin in daily active addresses — a clear signal of how differently these networks are being used.
Ethereum’s smart contract capabilities are driving institutional deployment, especially in RWA tokenization, DeFi integrations, and on-chain financial automation. Institutions aren’t just experimenting, they’re building.
This divergence looks structural, not cyclical.
As tokenization and on-chain finance scale, Ethereum continues to be the default settlement layer.
Source: @tokenterminal